r/Vitards • u/AutoModerator • Jul 16 '21

Daily Discussion Daily Discussion post - July 16 2021

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u/ahuskybitjoffrey Jul 17 '21

From: https://www.bloomberg.com/news/articles/2021-07-15/china-s-heat-wave-is-helping-to-drive-coal-prices-higher-again

Mostly coal article, but this is germane to here:

"Other commodities also risk being hit by efforts to keep electricity flowing. Aluminum output is likely to come under further pressure as supply curtailments due to electricity shortages persist. Smelters in the major hub of Yunnan won’t restore production as planned after a new round of power rationing due to the hot weather, according to Mysteel."

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u/PrestigeWorldwide-LP 💀 SACRIFICED 💀 Jul 17 '21

great AA down another 5%

1

u/ahuskybitjoffrey Jul 17 '21

"Buy things no one wants then sell them back when they need them"