Aluminum Climbed to Highest in 9 months as Economies Recover
Aluminium surged to the highest in 9 months in London and copper to the highest in 10 months as a world economic recovery spurs demand for industrial metals.
Mr Gayle Berry an analyst at Barclays Capital in London stated:
In Europe and the US, consumers are beginning to buy again. That is a big change from just a few months ago, when there was no physical market activity in aluminium. He said that we are not seeing as much metal flowing into warehouses as before. Physical markets are pretty tight.
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Fri, Aug 7, 2009
Post by Mike Rodger, Aluminum Reporter