Aluminium prices often align with industrial metals like copper and zinc due to shared demand in construction and manufacturing.
There’s some connection to nickel, as it’s used in aluminium alloys but weaker links to lead and tin.
Unlike industrial metals, gold, and silver have little correlation with aluminium since they’re driven by investor sentiment.
Steel can sometimes move in the opposite direction as aluminium since they compete in industries like automotive and construction.
External factors like energy costs, China’s economy, and supply chain disruptions also influence aluminium prices and their correlation with other metals.
