Commodity Market Report
Global aluminium short-term outlook October 2023
Report summary
Having given up the gains made in late September, the official LME cash price managed to regain some of its lost ground climbing above the US$2200/t level at the end of October. Boosted higher by another round of fiscal stimulus and positive macroeconomic data out of China. Prospects of power supply related smelter capacity cutbacks in Yunnan further underpinned prices.
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