To be sure, customer demand remains robust. The cost to ship aluminum remains at historically elevated levels, indicating ocean freight, trucking and other handling into the North American region remains higher than the rest of the globe. Still, the worries about slowdowns, inflation and ongoing supply chain snags remain. Norsk Hydro ASA, one of the world’s largest aluminum producers, said demand may be softening. Aluminum for delivery in three months fell 2.2% to $2,756.50 a ton at 3:56 p.m. on the London Metal Exchange.

Source: The North Africa Journal June 09, 2022 16:57 UTC