Aluminum Prices Continue to Slide

Via Metal Miner The Aluminum Monthly Metals Index (MMI) continued to drop, with a 5.14% decline from July to August. The price of aluminum continued to deflate before finding a bottom at the close of July. Overall, aluminum prices witnessed a 9.07% decline throughout the month, followed by a modest 2.

26% rise during the first half of August. High Chinese Aluminum Supply Offers Bearish Risk Aluminum prices appeared to stabilize during August, although risks remain to the downside. For instance, global inventory levels remain relatively well-stocked.…