Aluminum Mmi: Aluminum Prices Rise As China Output Slows
Aluminum prices saw a rally in mid-March, yet the entire index remains mostly sideways amid fluctuating trends and news.
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Aluminum prices saw a rally in mid-March, yet the entire index remains mostly sideways amid fluctuating trends and news.
Aluminum prices experience a short-term rally, but mixed signals from China, investment funds, and global economic conditions cloud the future outlook.
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Article content LONDON — Funds have returned to the base metals complex in a big way as investors buy into the COVID-19 recovery story. Speculative long-positioning is at or near multi-year highs across the board, the collective pivot back to a previously out-of-favor sector acting as a major price driver in its own right. We apologize, but this video has failed to load. Try refreshing your browser, or Funds flock to base metals, but will they stay? Andy Home Back to video The main beneficiary of this investment wave is no surprise: Doctor Copper is widely traded as a proxy for global eco...
Funds flock to base metals, but will they stay? Funds have returned to the base metals complex in a big way as investors buy into the COVID-19 recovery story. Speculative long-positioning is at or near multi-year highs across the board, the collective pivot back to a previously out-of-favour sector acting as a major price driver in its own right. The main beneficiary of this investment wave is no surprise: Doctor Copper is widely traded as a proxy for global economic health, making it a perennial favourite with the money men and women. But the bullish exuberance has also spread to other metal...