Similar to what is going on with steel. Something else to keep an eye on. Mike reported a $500B+ February on leading flows which I'd assume is an all time high. In excess of $6T annual rate for the calendar month of February.
March aluminum forecast: Will the rising prices last? https://t.co/Tg8vl8RdSR @METALMINER pic.twitter.com/4VeqgHWwFx
— Modern Metals (@ModernMetalsMag) March 9, 2016
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I dunno. Last I heard there were gobs of aluminum in inventory and prices were manipulated by a few big players.
That was a few years back and I dunno if the same thing is still going on now. If it is still going on, even a monopolistic market may not hold up if demand is weak.
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