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home / news releases / SLVO - Industrial Metals Monthly: Aluminum Rally Foiled

SLVO - Industrial Metals Monthly: Aluminum Rally Foiled

Credit Suisse X-Links Silver Call ETN IOPV

2024-06-13 04:10:00 ET

Summary

  • Our monthly report looks at the performance of iron ore, copper, aluminium and other industrial metals.
  • In this month’s edition, we take a closer look at aluminium and discuss where we see prices heading in the second half of the year.
  • US monetary policy will also be important for the direction of aluminium prices. Elevated rates and a stronger dollar have been a drag on industrial metals over the past two years.

By Ewa Manthey

YTD metals performance %

Source: LME, SGX, ING Research

Aluminium rallies in May

Aluminium prices on the London Metal Exchange surged to the highest level in two years at the end of May. The increase was mostly driven by investment money moving back to commodities after a surge in copper prices....

For further details see:

Industrial Metals Monthly: Aluminum Rally Foiled
Stock Information
Company Name: Credit Suisse X-Links Silver Call ETN IOPV
Stock Symbol: SLVO
Market: NASDAQ
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