Aluminium faces largest monthly loss since 2008
after close1 source ↓written by the desknot a recommendation
- in June
- 15%
Aluminium is set for its biggest monthly loss since 2008, dropping over 15% in June. This decline follows optimism over a potential resumption of Middle Eastern supply due to a US-Iran peace deal. Record exports from China and improved shipping routes have eased earlier supply concerns, flipping the market into a contango structure.
Not investment advice. For informational purposes only.