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Aluminum is Back in the Can

Back in the summer, life was good for the aluminum market.

Prices were increasing, and the market looked healthy… Futures spreads were narrowing… Midwest premiums were rising…

Still, I sent out a word of caution imploring readers to look past the commodity’s sunny disposition.

Namely because the combination of rising global aluminum inventories – along with slowing growth worldwide and the strengthening of the U.S. dollar – indicated that the high prices were unsustainable at the time. Read more