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Aluminum prices experience a slight decline following the closure of the New Madrid smelter in the U.S., with ongoing concerns about energy costs, Chinese production, and muted demand impacting the market.
Though the Aluminum MMI traded mostly sideways, news of closing smelters and rising Chinese supply could yet affect the aluminum price.
We'll see as we move closer to the new york open. charles, let's walk you through what's going to be a busy week on wall street later on. earnings season unofficially starts on monday when the big aluminummaker, alcoa reports. analysts expect profits of 27 cents a share. on tuesday, we get the federal reserve's gauge on the state of the u.s. economy when the fed releases its beige book. among the banking bellwethers that will be releasing quarterly results is jp morgan chase. they open their books before the bell on wednesday. we'll hear from jp morgan chase there. on thursday, look out for ...