Summary: Following a peak earlier this month, LME aluminium cash prices have seen a 3.9% correction, dropping to approximately $2,995–$2,996 per tonne. This is attributed to the “Lunar New Year” slowdown in China and strong US labor data strengthening the dollar. However, analysts maintain a bullish long-term outlook due to persistent supply-chain bottlenecks and a 40% projected demand increase by 2030.

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https://news.metal.com