Aluminium: Little fundamental support for rallies

Aluminium prices have rallied strongly so far in January, reaching their highest level since May 2015 as they challenged $1,800/tonne.

In our view, this strength is hard to justify relative to the fundamentals. Admittedly, 2016 was a deficit year and that helped to drive the strongest performance in aluminium prices for...

Published

Andrew Cole

January 24, 2017

00:00 GMT