Market Segment
September 15, 2023
CRU Aluminum: All Eyes on Auto Talks Ahead of Congressional Budget Battle
Written by Stephen Williamson
The LME aluminum 3-month price was broadly stable on the morning of Sept. 15 and was last seen trading near $2,208 per tonne.
The US dollar edged up, anticipating the key US inflation report, while the euro was seen under renewed pressure this week. The market remains cautious ahead of an expected European Central Bank rate hike. Fuel prices were the underlying culprit in the US August inflation report as gas prices rose to meet summer travel demand and the excessive heat in parts of the US.
