December's Aluminum Prices Are Still Supported By Low Inventories, Despite Cautious Macroeconomic Sentiment Subduing Bullish Activity

dic 13, 2023, at 3:00 pm
SMM

Macro: The period saw a robust macroeconomic environment, with diminished interest rate hike expectations in Europe and the U.S., instead hinting at potential cuts. October's U.S. CPI rose 3.2% YoY, below expectations. ECB President, Christine Lagarde, suggested a possible halt in rate increases to evaluate tightening policies' impact.

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December's Aluminum Prices Are Still Supported By Low Inventories, Despite Cautious Macroeconomic Sentiment Subduing Bullish Activity

U.S. sanctions Russian mining giant and one of the world's largest zinc mines was included in the "blacklist"

China October Bauxite Imports By Country