Steel Mills
June 23, 2023
CRU: June’s Early Optimism Fails To Sustain LME Price Rally
Written by Stephen Williamson
CRU research manager Stephen Williamson shares an update on the aluminum market and pricing with SMU readers. This article was written
The LME rallied in the days following the debt ceiling resolution by Congress and the price of aluminum pressed towards $2,300 per metric ton. This week, however, the price fell back through a key support point at $2,225 at mid-week before falling below $2,200 on Friday, June, 23, without any demand support to sustain the positive sentiment.
