, Columnist
Aluminum's Shine Won't Last
Deep Chinese cuts are far from certain, and the LME isn't running out of the metal.
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The most boring industrial metal has been looking a bit more exciting of late.
Aluminum's dispersed supply chain and huge exchange inventories have meant that for the most part, the price doesn't do much. While copper, zinc and nickel have whipsawed on strikes, deliberate shutdowns and political turmoil, the lightweight metal has plodded along between $1,500 and $2,000 a metric ton for the best part of five years.