Market Segment
December 16, 2022
CRU Aluminum: Prices Lifted by Softer US Inflation Report
Written by Stephen Williamson
The LME aluminum three-month price has found a higher trading range and has settled in near the $2,450/metric-ton mark this week. The price rallied by over $60/metric ton after lower-than-expected US inflation data was seen in the market as a positive sign that inflation is cooling. Yet as the week closed out on Dec. 16, 2022, the LME was again testing the lower $2,400/metric-ton mark as equities tumbled and the global economic environment remains uncertain in the short term. Volatility remains the only clear, known factor.
