Summary:

Following a brief dip at the end of May, London Metal Exchange (LME) aluminium prices have recovered strongly moving into June. The cash bid and offer prices rose 0.92% day-on-day to settle at $3,769.5 per tonne, while near-term and longer-dated contracts continue to see gains. This price volatility and upward trajectory are heavily driven by consistently declining LME global warehouse stocks and firm industrial demand.

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