Wall Street banks and investors are joining commodity traders in stockpiling aluminum, an unconventional way to make money at a time when returns on bonds are historically low. The pandemic hit the aluminum market hard by triggering a downturn in the auto and aerospace industries, two big buyers of the metal. A surfeit of metal pushed benchmark aluminum prices down 12% this year, to $1,589 a metric ton on the London Metal Exchange.

Source: Wall Street Journal June 12, 2020 09:03 UTC