Weekly Fundamentals – Aluminum Soared in Trump’s Trade Complaint While Silver Rose on Heightened Geopolitical Tensions
The best performer in the commodity market last week was natural gas. EIA's report showed that the US exported more natural gas than it imported in three of the first five months this year. This signals a reversal of the net imports trend over the past 6 decades. In the metal complex, aluminum shone with the 3-month LME contract breaching above US$2000/oz for the first time since 4Q14.