-
Aluminium deficit persists despite easing Middle East tensions
The signing of a preliminary Memorandum of Understanding (MoU) between the US and Iran last week, alongside the extension of the ceasefire, has eased concerns over further disruptions to aluminium supply and key shipping routes in the Middle East. However, while the agreement lowers the risk of additional supply losses, it does not materially change our outlook for the aluminium market. We continue to expect the global aluminium market to remain in deficit this year. Supply disruptions linked to the conflict have already removed an estimated 3 million tonnes of production from the market. As a result, we continue to ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From dailyforex.com|4 hr agoThe continued strength of the US dollar may renew selling pressure on gold as the new trading week begins. Ahead of the start of trading, skirmishes between the United States and ...
From kitco.com|4 hr agoThe Federal Reserve’s new tightening bias has created significant hurdles for the gold market, forcing one bank to curb its bullish enthusiasm for the time being. When gold ...
From @zerohedge|5 hr ago|10 comments*VANCE ON IRAN: FEEL GREAT ABOUT PROGRESS WE'VE MADE *VANCE: SET UP MECHANISM TO MAKE SURE HORMUZ STAYS OPEN US VP Vance: Saw about 15m bbl of oil come out of Hormuz. Iranians allowing inspectors in for first time in while - Vance
-
- Newer Stories
From @FirstSquawk|3 hr ago|8 commentsTRUMP: LARGE VOLUMES OF OIL CONTINUE TO FLOW THROUGH THE STRAIT OF HORMUZ. Trump on the Economy: We have the opposite of a depression, oil prices are way down Trump: We have total control of the Strait. TRUMP: AS LONG AS IRAN SHOWS RESPECT TOWARD THE U.S., THERE WILL BE NO PROBLEMS BETWEEN THE TWO COUNTRIES.
From goldsilver.com|2 hr 55 min agoGold is trading at $4,193 this Monday — recovering from last week’s $4,150 low. The US and Iran agreed on a 60-day peace roadmap in Switzerland, sending oil roughly 2% lower. ...
From @FirstSquawk|2 hr 4 min agofed's goolsbee defends his dissent, says inflation remains well above target and moving in the wrong direction; adds the labor market is stable, services inflation is concerning, and more evidence is needed that price pressures are temporary.
- Story Stats
- Jun 22, 2:44pm | 3 hr ago Posted byFundamental Analysis31
- Instruments:
