aluminium prices have increased significantly from last year, nearly tripling and have increased over $900 per mton just in the last days. Current magnesium prices are around $3,600 per mton (in whse Rotterdam), rising from $3,200 per mton on Monday. Given that aluminium is a key alloying ingredient to autosheet, cansheet and common alloy; conversion prices are expected to shoulder the increases. I still hold AA to give it another pump time. $Alcoa(AA)$
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