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    CRU

    June 13, 2021

    CRU: LME Aluminum is Off 8% from its May Peak

    Written by CRU Americas

    By CRU Principal Aluminum Analyst Guillaume Osouf

    The LME aluminum price has been going through a period of consolidation since it reached its last significant peak at $2,603 /t on May 10. A similar situation was observed between December 2020 and February 2021 before the rally resumed even stronger. Can we expect the same to happen again? To answer this, we need to first look at the reasons why aluminum has been trading lower in the past weeks.

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