PRESS ROOM
Aluminium and tin defy headwinds facing industrial metals
Friday 15th October '21
The industrial metals sector has recently faced pressure from an appreciating dollar and lukewarm Chinese economic data. Aluminium has been a notable bright spot in the sector lately as the metal continues to extend its strong run this year. With China cutting its aluminium production since the start of this year to reduce greenhouse gas emissions from its coal-intensive aluminium industry, the metal has been among the top performing commodities this year as a result. Similarly, tin’s falling inventory levels and persistently backwardated futures curve suggest the metal remains undersupplied.