Aluminum Prices Remain Stagnant As Russian Exports Rise

Via AG Metal Miner  Aluminum prices saw a short-term rebound recently. After declining for much of February, price action found support in March and then began to return to the upside entering April. While the trend is starting to shift upward, the long-term direction for the aluminum market remains unclear.

Overall, the Aluminum Monthly Metals Index (MMI) moved sideways, with a modest 0.92% increase from March to April. Last month, MetalMiner released its quarterly revision to the Annual Outlook. The report consolidates our 12-month view…