Aluminium business – level 3
From its all-time high in March this year, aluminium has experienced a spectacular fall of over 40%.
A combination of factors contributed to the fall. First, global interest rates dramatically rose even as the US tried to fight inflation. Second, metals have become more expensive with still relatively high yields. However, high rates slowed business and demand for building materials.
In Europe, energy concerns related to embargoes on Russian supplies may continue in the coming months. At the same time, China will continue on its zero COVID-19 policy, so the demand may not increase from that part of the world.
More recent data shows a significant increase of aluminium value at the London metals exchange, and some experts are speculating about the potential dumping of Russian aluminium.
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