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A curious tug of war continues in the Aluminum industry. It remains focused on likely demand destruction due to recessionary forces, generally blamed on central banks’ rapid raising of interest rates. Some might remember how natural gas prices started rising last year. Most of ...
For the last two decades, China’s infrastructure spending has been the engine of demand growth for steel, copper, and aluminum prices. Setting aside the record infrastructure bond sales already completed, the projected above-quota infrastructure bond sales, the development bank...
Rising energy costs are not a regional issue. Despite the global market enjoying a modest surplus, exchange inventories remain very low, and the market for physical metal remains tight. Investors in the futures markets remain focused on the recessionary impact of high energy price...
This “inflation” is just the cover for the harmful redistribution of last year’s global supply shock (not money printing dollars). The global economy is clearly hitting the wall of the supply shock and reacting just as markets and curves have been pricing for well...
Aluminum demand has outstripped supply causing falling inventory levels, and many assume prices are due to rise, except they’re not. If inventory continues to fall that must mean demand outstrips supply. Continued high physical delivery premiums stand out as the likely tren...
Alcoa (NYSE:AA) -4.9% in Friday's trading to a new YTD low, as aluminum prices plummet to their lowest in nearly six months, as concerns over the prospect of weak economic growth hit metals demand. Three-month aluminum on the London Metal Exchange (LMAHDS03:COM) recently traded -2.8% to $2,68...
Aluminum prices will plunge 20% toward $2,300/ton by December as demand slows and supplies rise in warehouses around the world, Harbor Intelligence said Thursday at its annual industry conference, according to a Bloomberg report. Alcoa (NYSE:AA) -7.4%, challenging YTD lows; also, (NASDAQ:CENX...
JJU is an ETN backed by Barclays and focuses on an index of aluminum futures contracts. Low inventories and supply-side challenges have picked up this year. The demand side narrative has slowed down as well. For further details see: JJU: Short-Term Headwinds Dampening Th...
The EU has announced an end to the temporary suspension of anti-dumping duties on rolled aluminum products into the block. The suspension was set to expire in July. Still, it’s indicative of the fact that when countries impose import duties, it often fails to penalize the p...
Analysts at Fitch expect slowing Chinese economic growth to weigh on prices of industrial metals in the near term before anticipating some revival in this year's H2, Mining.com reported on Friday. Fitch flags China's COVID lockdowns, weak economic data and devaluation of the yuan - combined w...
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iPathA Series B Bloomberg Aluminum Subindex Total Return ETN Company Name:
JJU Stock Symbol:
NYSE Market:
Aluminum is a silvery white metal with a myriad of useful properties that make it a necessary component in many of our everyday products. Given that, aluminum investing can offer exposure to growth in a number of market segments. The base metal is non-toxic, corrosion resi...
Aluminum is a silvery white metal with a list of positive properties that make it a useful and necessary component in many of the objects we use in our daily lives. It is non-toxic and corrosion resistant, it has high thermal conductivity and it is the most abundant metal in the Earth’...
Barclays Bank PLC (“Barclays” or the “Issuer”) announced a temporary reduction of the minimum early redemption size of certain series of ETNs as specified in the table below (together, the “ETNs”). Currently holders of the ETNs are required to redeem...