December's Aluminum Prices Are Still Supported By Low Inventories, Despite Cautious Macroeconomic Sentiment Subduing Bullish Activity
Macro: The period saw a robust macroeconomic environment, with diminished interest rate hike expectations in Europe and the U.S., instead hinting at potential cuts. October's U.S. CPI rose 3.2% YoY, below expectations. ECB President, Christine Lagarde, suggested a possible halt in rate increases to evaluate tightening policies' impact.
Source: metal.com