Thanks to metalprices.com for the charts.

Aluminum – It is hard to be bullish with all of the inventory sitting in the market and significant production either offline or being held at the drawing board phase. However, there are a number of factors which are coming into play which will shortly turn the tide to the bullish camp. Demand dynamics are changing within the commodity sector and as inventories begin to fall from high levels investors will rush to embrace Aluminum.

Tin – Supply problems in Indonesia provide a dynamic that is not evident in the other metals. As seen in the charts, Tin has been on a bull run since the Indonesian government cracked down on Tin exports. Unfortunately, there are few pure Tin plays outside of Indonesia for investors as Tin is typically a byproduct of other minerals.

Nickel – High inventories are giving me pause. Prices have had a nice rally off the 2009 lows but at the 25000 level a significant amount of stainless capacity becomes profitable in China and comes online. Any move up above 25000 is likely to be met with production ramp ups and increased supply coming into the market.

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