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August 2018 | Base Metals


Aluminium: Testing $2,000 per tonne


Even though exchange stocks continue to fall, which is a bullish undercurrent since it is the low demand season, aluminium prices remain under pressure amid trade uncertainties and dollar strength, which continue to drag on broader risk sentiment. Aluminium is approaching previous support around $2,000 per tonne, although we believe this should hold for the moment.

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