Aluminum Prices Slid During Profit Booking as Supply Concerns Caused Prices to Rise
Aluminum prices declined significantly yesterday, ending at 236 due to profit-taking after rising by -3.02%. Sanction fears on Russian metals affected the market dynamics and led to limiting key exchanges like LME and CME. The available LME aluminum stockpiles dropped to the lowest level since August 2022 at 171,200 tonnes due to increased supply concerns.China’s…
