Via AG Metal MinerAluminum supply continues to shrink thanks to smelter shutdowns caused by ongoing energy shortages. Aluminum prices enjoyed a brief rebound following the Fed’s latest rate hike of three-quarters of a point. However, in the short term, aluminum prices remain in a downward trend. Earlier this week, MetalMiner noted how smelter shutdowns in China and Europe were impacting the aluminum market.
Indeed, demand continues to drop in places like China, where construction has yet to hit full force after years of COVID-19 shutdowns.…A “Perfect Storm” Is Brewing In Aluminum Markets
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