Aluminum MMI: Rising aluminum prices concern Beijing

  • 09/07/2021
  • Source: MetalMiner
  • by: Maria Rosa Gobitz
Aluminum MMI: Rising aluminum prices concern Beijing
LME three-month aluminum prices are only $100/mt away from 2011 prices.

Overall, LME aluminum traded up despite some volatility in August.

Prices took their largest dip Aug. 16-19 before recovering. During the same period, LME trading volumes got heavier, marking a negative trend.

However, volumes got even heavier as the price increased. This ultimately signals that the market remains bullish.
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