Trailing demand a temporary blip for aluminium players
24 May 2022
COMMODITIES may still be riding an upward trend, but metal prices have melted to pre-Russia-Ukraine conflict levels. Aluminium, for one, has seen year-to-date gains erased on demand headwinds, especially the slowdown in China’s manufacturing activity due to Covid-19 lockdowns. Since surging past US$3,800 a tonne in March this year — the highest in more than 13 years — aluminium prices have retreated 30% to a five-month low of US$2,700 a tonne.
Lee Weng Khuen. (2022, May 24). Market conditions are likely to remain mostly indifferent, says Inter-Pacific. The Edge.
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