LME three-month aluminum prices are only $100/mt away from 2011 prices.
Overall, LME aluminum traded up despite some volatility in August.
Prices took their largest dip Aug. 16-19 before recovering. During the same period, LME trading volumes got heavier, marking a negative trend.
However, volumes got even heavier as the price increased. This ultimately signals that the market remains bullish.
Aluminum MMI: Rising aluminum prices concern Beijing
- by: Maria Rosa Gobitz
- September 07, 2021
- Source:
DYNAMIC WEALTH RESEARCH
- 10/27/2022
