Aluminum Prices should bottom in Q1 and rally toward $2,600 by year end
This is the most respected authority on Aluminum prices.
"LME 3M aluminum prices fell 4.3% m/m in December, remains in $2,000-2,100 (90-95 cent/lb) range. Prices fell during the first three weeks of December mainly as a result of a stronger US dollar, heavy speculative short selling and some weakness in physical demand mainly out from Europe. Evidence continues to suggest that the bulk of the 18% price decline since September has been driven by record speculative short selling that has come as a result of weak global and Chinese manufacturing data.Prices are still in a downward trend, but should bottom any time in Q1".
It is always feast or famine in the metals business and the crooks in London LME are now buying up all they can of AA, RT and BHP before they start covering their short bets on the physical aluminum inventory.