Russian Aluminum Accounts For 80% Of LME Stockpiles ...Middle East

Via AG Metal Miner Aluminum prices continued to slide throughout June but appeared to find a bottom in early July. Prices started to form relief patterns in the short term, rising following bearish price action over recent months. Meanwhile, cooling inflation data saw market sentiment improve. The U.S. dollar index, which has an inverse correlation to metal prices, dropped below the 100 mark for the first time since April 2022 amid expectations of no further rate hikes from the Fed. Although prices have yet to form any bullish structures at this…

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