Aluminum Seen Riding for Fall as Chinese Speculators Pile In
- Shanghai prices have detached from fundamentals, analysts say
- Rebound to 10-month high seen unwinding production cutbacks
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After steel comes aluminum.
Futures traders in China have flocked to the lightweight metal used in beer cans and car parts, stoking a rally and setting the market up for a potential slump in the second half as smelters fire up new or idled smelters.