Aluminum Prices Face Downward Pressure Amid Oversupply Concerns

Via Metal Miner Overall, the Aluminum Monthly Metals Index (MMI) rose 4.09% from May to June. Aluminum prices outperformed all other base metals throughout May, with a 5.28% rise. Prices found a peak at their highest level since June 2022 on May 29 before losing all of May’s gains during the first three weeks of June. Aluminum Prices Follow Copper Prices Lower Months ago, fears of copper shortages sparked renewed interest in the market. This had knock-on effects across the base metal category, triggering roughly three months of uptrends.…