| The shiny world of metals that includes aluminium, copper and tin is facing a meltdown. The metal price boom — that peaked in 2008 — has been waning since the global financial crisis. From early this year, the price fall has been intensifying. Among the metals hit hard by the commodity price correction is aluminium. The price of the metal at the London Metal Exchange (LME), which hovered below $1,700 a tonne in early 2014, crossed $2,000 a tonne last August.
But it could not hold these levels for long. Since the start of 2015, LME prices have fallen by 12 per cent from $1,800 to below $1,600 a tonne. One reason for this is slackening of demand. Higher supply, especially from China, is also hurting. Besides, the changes in warehouse rules at the LME have helped reduce physical delivery delays...............................................Full Article: Source
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