ALUMINUM PRICES SKY ROCKET

This information came across to us yesterday:

LME Aluminum prices are rocketing higher, as soaring energy prices in Europe are resulting in smelter curtailments. Also - Morgan Stanley came out with a statement today that they thought aluminum would run at a 1M ton deficit this year – (revised from 700,000 ton deficit). LME Aluminum prices hit their highest level since October.

Aluminum is trading about $0.20 higher per pound.

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