Russian Supply Glut Forces LME Aluminum Prices Lower ...Middle East

  By Nichole Bastin via AGMetalminer.com Aluminum prices continued to slowly edge downward, but remained within an overall sideways trend. After prices fell 1.31% throughout April, they dropped an additional 2.22% during the first week of May. But despite the softness, aluminum prices have not yet formed lower lows, so an established downtrend is still not confirmed at this time. Altogether, the Aluminum Monthly Metals Index (MMI) moved sideways, with a modest 0.71% decline from April to May. Russian Aluminum Now Makes Up Majority of LME Stocks…

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