The oversupply issue of Aluminium has been resolved by reducing production by 22% at the beginining of the year. Current LME stock have been sold on contract however, the delivery dates keep getting pushed out as the demand for aluminium is low.
The current price of aluminium is too low to be sustainable at 75% of plants so it is in the interest of producers to support a higher price at any cost.
At some point there will be movment to the upside but when is the million dollar question.
The oversupply issue of Aluminium has been resolved by reducing...
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