March 8, 2019
LME 3M aluminum prices closed marginally lower, down 0.1% or $2 per mton to a new two-week low of $1,864 per mton. Prices tested levels as low as $1,857 per mton as the European Central Bank unveiled new monetary stimulus and further slashed economic growth projections for the Eurozone. Failure to remain above $1,830 per mton could unleash fresh selling toward $1,770 per mton.
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