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    December 15, 2023

    CRU: Aluminum news roundup

    Written by Marziyeh Horeh

    The LME aluminum 3-month price is moving higher on the morning of Dec. 15 and was last seen trading at $2,258 /metric ton. This means the price is up 7% already since the new low for 2023 was reached on Wednesday at $2,109 /metric ton.

    The US Dollar reached its lowest level since early August after the US central bank signalled earlier this week that it could start cutting rates next year if inflation continues to fall. The comments followed the Fed’s decision last Wednesday to keep rates unchanged again at 5.25–5.5%, a 22-year high.

    Marziyeh Horeh

    Marziyeh Horeh is an aluminum analyst at CRU. She covers extrusions and the secondary market in North America. Prior to joining CRU in August 2023, Marziyeh was a post-doctoral fellow at Purdue University focusing on the economics of climate change and sustainability. Marziyeh holds a PhD in Natural Resource Economics from West Virginia University.

    Read more from Marziyeh Horeh

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