Return of positive risk sentiment The rebound in LME aluminium prices fits with the improved macroeconomic backdrop. In addition, the light metal’s micro-dynamics have been price-supportive too. In the week to January 10, total aluminium stocks in LME-approved warehouses...
Events over the past two months have generally been supportive of risk sentiment while trade tensions between the US and China continue to ease. With the phase one trade deal set to be signed on January 15, both countries have also agreed to restart semi-annual talks aimed at resolving economic disputes, a process which was previously abandoned at the start of the trade conflict.
LME aluminium stocks fell amid persistent outflows
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