China Aluminum will slide as smelters restart production
Aluminum prices are reported to be under tremendous pressure in coming months on the back of large-scale production restarts. For full story, click here
Articles Tagged "pressure"
Record high LME stocks overwhelm stimulus’ potential
Aluminium for delivery in three months on the London Metal Exchange fell to a low of $1,279 a tonne – the lowest level since November, 2001. Record high stocks were responsible for the overwhelming downward pressure. Aluminium LME warehouse inventories leapt by 13,125 tonnes to stand at 3.17 million tonnes, their highest ever.
Fall in oil prices put downward pressure on Aluminum
Since, Aluminum is energy intensive metal, fall in oil prices put downward pressure on aluminum prices. For full story, click here
