13 March 2024 – European and Asian aluminium prices have risen significantly in recent weeks due to rising demand. And US investors are taking a slight rise in inflation in their stride. German DAX breaks new record.
Aluminium prices rise due to robust demand
Due to robust demand, LME aluminium prices have now risen by more than 5.2% since the end of January 2024. On the London Metal Exchange (LME), the price of three-month contract reached $2,270 per tonne, its highest level since 1 February. Aluminium prices are also continuing to rise in Asia, on the SHFE and the spot markets. By more than 3% in the same period.
US inflation data keeps investors calm
The slight rise in US inflation of 0.1% in February left investors on the US stock markets unimpressed yesterday. The Dow Jones index closed on Tuesday at 39.005 points (+0.6%) and the S&P 500 even rose by 1.1% to a new record high of 5.175 points.
German share index DAX above 18,000 points for the first time
At the start of trading today, the German share index DAX briefly broke the record level of 18,000 points and is currently moving sideways just below it.
Lates news
- Iron ore prices down – weak data or rather politics?
- US economy: CEOs show optimism
- Is Finnish stainless steel mill now also failing?
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Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
