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RJZ - Aluminum Prices Collapse 20% In Just Two Weeks -- So What's Next?
AB Svensk Ekportkredit ELEMENTS Linked to the Rogers International Commodity Index - Metals Total Return Structured Product
The higher power content of primary aluminum has driven a plunge in prices that have caught many by surprise and still has the potential to go further.
The aluminum price has been undermined by falling coal prices in China following efforts by regulators to curb excessive speculation, hoarding and profiteering from what remains a tight domestic thermal coal market.
For the time being, most aluminum consumers are rightly holding off from making any more than spot purchases as they wait to see how the current dynamic plays out.