Back in the summer, life was good for the aluminum market. Prices were increasing, and the market looked healthy… Futures spreads were narrowing… Midwest premiums were rising… Still, I sent out a word of caution imploring readers to look past the commodity’s sunny disposition. Namely because the combination of rising global aluminum inventories – along with slowing growth worldwide and the strengthening of the U.S. dollar – indicated that the high prices were unsustainable at the time. Read more