Aluminium producers brace for multiple headwinds in 2019
With a supply shock now ruled out due to the Rusal truce, aluminium prices are back to being determined by the risk of a slowdown in the global economy, especially China, where the outlook remains dull
The truce between the US and Russian aluminium company Rusal was initially expected to have a limited impact on the aluminium market. But it’s now threatening to lead to a large round of earnings cuts for producers of the metal. Aluminium prices dropped to a 16-month low last month.
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