As per Mr Jorge Vazquez the analyst in Harbor Intelligence, aluminum price is predicted to jump to above USD 3,000 per tonne by May 2010 due to strong recovery in aluminum demands especially from automobile and building sectors. For full story, click here
Ormet Corp, an independent U.S. producer of primary aluminum, is deciding whether to cut aluminum output at its Hannibal, Ohio, smelter and the extent to which its employees would be affected, it said in a press release. For full story, click here
Reliance Steel and Aluminum has closed yesterday at $35.03. So far the stock has hit a 52-week low of $12.58 and 52-week high of $75.00. Reliance Steel and Aluminum stock has been showing support around 32.94 and resistance in the 36.12 range. For full story, click here
Reliance Steel and Aluminum closed yesterday at $39.27. So far the stock has hit a 52-week low of $12.58 and 52-week high of $78.44. Reliance Steel and Aluminum stock has been showing support around 37.70 and resistance in the 40.92 range. For full story, click here
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As with most investments there are risks and rewards associated with commodity investing, often in lock-step. Many investors hire experts to manage their money rather than doing the investigation required to increase the chances for success. But...
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