AWC
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0.00% $1.45 alumina limited

I doubt it, the gradient these two have been going up at is...

  1. convexity
    10,298 Posts.
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    01/06/24
    18:41
    Post #: 74120158
    I doubt it, the gradient these two have been going up at is exceptional even for boom times.

    I note in recent weeks inventories have gone up and speculative positions are near a record high, it doesn't make much sense.

    https://www.westmetall.com/en/markdaten.php?action=diagram&field=LME_Al_cash

    https://www.nasdaq.com/articles/european-commodities-aluminium-hits-2-year-highs-while-copper-cools
    Last edited by convexity: 01/06/24
    AWC Price at posting: $1.90 Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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