Tag: falling aluminium stocks
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LME aluminium prices rangebound w-o-w as falling stocks offset seasonal slowdown
Weak Chinese demand caps upside momentum Japanese premiums signal tightening supply outlook Aluminium prices on the London Metal Exchange (LME) remained largely rangebound week on week during the period ended 12 December. Prices were supported by declining exchange inventories and US Federal Reserve rate cuts, which improved overall market sentiment. However, persistent concerns over demand…