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Aluminum prices negative for March
Could the seasonality of March be pushing aluminum prices down? From chart 2. it sure looks like prices have been moving negatively in the month under review for the past 30-15-10-5 years. From chart 1. today could be the last day of rebound for aluminum prices, and...
Increased volatility in non-ferrous metals near major selling levels
On the last trading day, all major non-ferrous metals touched new highs, with copper, aluminum and zinc recording $9616/mt, $2242/mt and $2952/mt, respectively. All of these levels tested important selling areas, with the metals now giving way to new...
Commodity Insight – Aluminium
Great upward momentum for London-listed aluminum, with prices now in the $2070 area, approaching the recent highs of late December 2020 at $2090/ton. Possible new tests of this level. Will prices succeed in to the break up or will there be new reversals? Analyzing the...
Nickel demand for electric vehicles expected to soar
According to a new report, released by the Joint Research Centre, nickel demand from the EV sector is expected to grow globally by 2.6Mt Ni through 2040, from only 92kt Ni in 2020, and by 543kt Ni from 17kt Ni in 2020 in the European Union. According to the paper,...