SHANGHAI, Jan 22 (SMM) - Historical data show a dip in LME aluminium prices following US government shutdowns from 1990.
From October 5-9, 1990, LME aluminium fell 2.3%, or $43/mt, that week when President George Herbert Walker Bush vowed to deny any sustainable bills excluding deficit cut scheme, which leads to four-day shutdown of the government. LME aluminium fell 2.3%, or $43/mt, that week.
LME aluminium dipped 0.1%, or $2/mt, in the week of November 13-19, 1995 when the government shut down for five days.
From December 16, 1995-January 6, 1996, President Bill Clinton denied a budget bill that resulted in a 21-day shutdown of the government. LME aluminium dropped 4.2%, by $72/mt to $1,639/mt, in that period.
From October 1-16, 2013, the US government failed to pass a budget bill due to differing views on the Affordable Care Act, which led to a 16-day shutdown of the government. LME aluminium fell 1.14%, or $21/mt, on October 1.
For editorial queries, please contact Daisy Tseng at daisy@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
