Is May a Good Month for Aluminum Buy In?
This quarter could be a good mark off for aluminum for producers such as UC RUSAL (0486.HK) (RUAL.PA), Aluminum Corp of China (Chalco) (601600.SS) (2600.HK) and Alcoa (AA.N) who sees this time as a buying opportunity.
Wei Xiaoshuang, analyst at CM-CCS Securities was quoted saying:
“Chalco definitely will be profitable this year and some low-cost, small aluminium makers such as Shandong Nanshan Aluminium (600219.SS) will see an even bigger improvement.”
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Thu, May 13, 2010
Post by Mike Rodger, Aluminum Reporter