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Aluminum's Short Squeeze Is Political

Tuesday, May 8, 2018   (0 Comments)
Posted by: Annie Nguyen
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Aluminum's Short Squeeze Is Political

Government actions are driving the rally; the underlying economics point to weakness.

By David Fickling

April 19, 2018, 2:53 AM CDT

By rights, the surge in aluminum prices on the London Metal Exchange this month should be great news for Chinese producers.

With U.S. sanctions on United Co. Rusal taking about 6 percent of the world's supply off the market and throwing the global aluminum supply chain into disarray...

https://www.bloomberg.com/gadfly/articles/2018-04-19/aluminum-s-short-squeeze-can-turn-on-a-political-whim


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