Aluminium – Limited Upside, as Demand Deflates

China Primary Aluminium United States

31 January 2025: LME aluminium prices outperformed the other base metals in the past year, helped by falling inventory levels and good growth in demand in China. Furthermore, China has a primary smelter capacity cap, which has encouraged inflows of both primary aluminium and scrap. More bearish though is that we expect to see Russian […]

January 31, 2025 - Dan Smith

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