1. Aluminum stocks jump
- “The rally across commodities has gotten ahead of fundamentals with the exception of metals,” Goldman Sachs said in a note.
- Investors owe a great deal of thanks to the Federal Reserve, which has been pumping trillions of dollars into financial markets.
- “A rising (monetary) tide lifts all boats,” Commerzbank said in a note. The bank went on to add that this “would also apply to base metals, almost all of which are up on the back of another massive expansion of liquidity by the US Federal Reserve and the US government’s planned infrastructural programme.”
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