Pent-up demand, supply shocks, low stocks pushed aluminum, copper and coal prices to all-time highs, but new report suggests supercycle talk is premature.
New report shows private funds raising money for investment in metals and mining came up empty in Q3 and so far this year commitments total a paltry $100m.
The United States was once the world’s biggest producer of primary aluminum. But by the time Trump took office, production had dwindled to the level last seen in 1951.