Commodity Market Report
Global aluminium short-term outlook July 2024
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Report summary
The pull of gravity finally caught up with aluminium prices. Having touched US$2700/t in late May prices have been on a downward trajectory against the background of weak physical demand and the onset of the seasonally slower summer period in the western hemisphere. At the time of writing the price had shed almost US$340/t since the first trading day of July.
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