Commodity Trade Mantra

Posts Tagged ‘Aluminum’

Copper and Aluminum Rally on Supply Deficit

Copper prices have been rebounding as demand for copper expands to a record in China & use in the U.S. climbs to the highest since 2009. Global copper inventories have fallen by almost half this year & are near the lowest since 2008. Aluminum rose to the highest in 18 months as global production trails consumption.

China Admits It Has An Overcapacity Bubble

China’s leaders have ordered local officials to stop ignoring orders to reduce overcapacity and stop expanding industries such as steel, cement, aluminum and glass in which supply outstrips demand – One chief engineer exclaimed, “the scale of overcapacity is unprecedented.”

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