FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The ongoing broad-based rally in industrial metals has pushed the price of Aluminum to its highest level since 2014, while Zinc has touched the highest level since 2007 and Lead have reached the highest level since 2011. Rally this week has pushed the price of lead past $2000 per ton, a level not seen since September 2014.
Aluminium is riding on speculations that current nationalism would drive greater demand for metals as a part of infrastructure build. A supply crunch is also contributing to the rise along with China’s decision to review scrap imports. Though currently, China is reviewing scrap imports of copper, there is an ongoing speculation that the probe might extend to other metals. In addition to that, President Trump stressed this week that he intends to keep his promise of $1 trillion infrastructure spending.
It can be seen in the chart that Aluminium has entered an important resistance zone that has been in place since 2012. It ranges from $2070 to $2160 Aluminum has been rising steadily (up 46 percent) and we expect the rally to continue further. However, it is more likely that in the short term Aluminium would be testing this key resistance zone.
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