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Key takeaways from the latest Base Metals Market Tracker

From fastmarkets.com

Aluminium has been the hardest hit base metal over the past week, after relentless selling pressure took it to fresh multiyear lows while its LME peers generally consolidate or try to rebound. Aluminium is seeing far less in the way of supply restraint or disruptions than the other metals. But this market is technically oversold and overdue a rebound now. Unless producers can contribute to rebalancing the market, rallies will only be selling opportunities. Copper was the worst performer of base metals complex in the first quarter of the year, realizing a loss of 20% - in fact its poorest performance since the third ... (full story)

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  • Category: Fundamental Analysis