Aluminum's Little-known Squeeze: Global Inventories Are Evaporating Fast

Very Bullish

What Happened

Aluminum prices dipped slightly this week, but global inventories are depleting rapidly, with China's social inventory down 6.97% and LME inventory plunging to 241,400 tons, mostly Russian metal.

Bottom Line

The aluminum sector is poised for a bull run as tight inventories and supply delays create a perfect storm for price upside.

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