ALUMINUM FACES A SEVERE SUPPLY SQUEEZE AS LME INVENTORIES FALL 56% THIS YEAR TO THEIR LOWEST SINCE 1990, WITH SPOT METAL TRADING AT A $92-A-TON PREMIUM TO THREE-MONTH FUTURES.…
Original source excerpt
ALUMINUM FACES A SEVERE SUPPLY SQUEEZE AS LME INVENTORIES FALL 56% THIS YEAR TO THEIR LOWEST SINCE 1990, WITH SPOT METAL TRADING AT A $92-A-TON PREMIUM TO THREE-MONTH FUTURES. DISRUPTED MIDDLE EASTERN…
ALUMINUM FACES A SEVERE SUPPLY SQUEEZE AS LME INVENTORIES FALL 56% THIS YEAR TO THEIR LOWEST SINCE 1990, WITH SPOT METAL TRADING AT A $92-A-TON PREMIUM TO THREE-MONTH FUTURES. DISRUPTED MIDDLE EASTERN SHIPMENTS, CHINA’S PRODUCTION CAP AND TRADE BARRIERS ARE TIGHTENING SUPPLY.
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