Aluminum Prices Plummet Despite Green Energy Hype

Via Metal Miner   After aluminum prices increased in the spring and early summer, bulls became exuberant, believing that “green” initiatives like EVs, renewables, and associated power transmission technology would push the metal price higher. However, contrary to their expectations, the LME price continued to fall steadily since early June, a trend mirrored on China’s SHFE. This decline leaves aluminum buyers unsure about future prices. In fact, many must now question what factors are really driving the market if demand from…