Graph of the Week: LME Aluminum Hits a 6-Year Low

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Last week, aluminum prices on the London Metal Exchange fell below $1,500 per metric ton for the first time in more than 6 years.

Traders fretted about the likelihood of large surpluses of LME aluminum this year and next and the lack of substantial output cuts to balance the market.

LME 3M Aluminum 550

3-Month London Metal Exchange aluminum price falling to a 6-year low. Source: MetalMiner analysis of FastMarkets.com data.

 

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