
Industrial metals showed a quite divergent performance today: $Albemarle(ALB.US) fell over three percentage points, $US Antimony(UAMY.US) dropped even more sharply, over six percentage points, while $CHINAHONGQIAO(01378.HK) barely moved. Lithium prices are still bottoming out, putting pressure on $Albemarle(ALB.US), which follows lithium. Antimony, a minor metal, has a thin market, so volatility is high with any slight disturbance. $CHINAHONGQIAO(01378.HK) mainly produces electrolytic aluminum and also copper. Aluminum prices have been relatively stable recently, helping it to hold up. Even though they are all non-ferrous metals, the drivers behind lithium and antimony falling while aluminum stabilizes are completely on different price levels.
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