20+% gain. Amazing. I only watch Al and Cu to see the future of the economy. But this is crazy.
Overnight?
Look at all the big US producers and users that were opposed to the tariffs, now they have to hedge forward.
There is an interesting history here if you compare older reports to current. https://www.usgs.gov/centers/nmic/aluminum-statistics-and-information.
There is no longer a “big US producer”. In 1990 our primary production was 4 million tonnes, in 2017 it was 750,000. World production went from 19 to 60 million tonnes in that period. I suspect the difference is even bigger today, for example the last primary aluminum smelter in WA closed last month.
I like bottle beer.....AA is my favorite.
No Sh!t Tom. Now that you've made it public I suspect there will be a dramatic shortage of brown bottles similar to the toilet paper shortage a few months ago.
BTW, is Kay making you drink your AA's inside the boat now with all the smoke in the air, or do you still relax on your patio?