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Falling Copper Prices: The Impact on the US Automobile Industry (and Beyond)
After a period of bullishness that drove copper prices to ten-year highs, the market is now experiencing a retracement phase. This reversal in copper prices could have significant implications for the US automotive industry, which uses copper as a key component in the...
Analysis of LME Primary Aluminum Stocks of Russia and India
The charts provided illustrate the percentage of Russia's and India's LME primary aluminum stocks of the global total in London Metal Exchange (LME) warehouses from October 2023 to May 2024. These data reflect significant market dynamics influenced by geopolitical,...
Dramatic Surge in Waiting Times for Aluminum Deliveries at the LME
The London Metal Exchange (LME) recently experienced a significant increase in wait times for aluminum deliveries. Specifically, wait times jumped from zero to more than five months following a large influx of metal from the Trafigura Group in May. Waiting...
Aluminum LME: Market Analysis
A series of significant movements in LME aluminum prices over the recent period can be seen from the chart below. Aluminum prices showed a bullish trend from mid-March until mid-May, followed by a decline. Below, we will explore the factors influencing these...