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Aluminum Extends Fall From Seven-Week High as Supply Fears Ease

Energy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply Chain

Aluminum prices fell for a second straight day as a major Middle East smelter plans to restore production earlier than expected, easing concerns about a supply shortage. The earlier restart reduces the urgency of the tightness narrative, though the stock/commodity still traded lower on the day.

Analysis

Aluminum prices fell for a second straight day as a major Middle East smelter plans to restore production earlier than expected, easing concerns about a supply shortage. The earlier restart reduces the urgency of the tightness narrative, though the stock/commodity still traded lower on the day.

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