The end of the summer slowdown may be near. The price of aluminum has made some moderate gains since falling from the year high in early May. Forecasts for the growing demand for aluminum are strongest in the aerospace and transportation sectors. Furthermore, China may become a net importer of the metal in the coming years.
Analysts are in agreement at Harbor Intelligence’s Annual Aluminum Outlook Conference predicting stable to higher prices on the year. Also, Coca-Cola accuses Goldman Sachs of manipulating aluminum prices.
The Globe and Mail reports that clay from the Gaspe region may play a crucial role in making aluminum.
Platts.com reports that trade interest appears to be waning even with Asia's new price launch for aluminum, copper and zinc.
Reuters.com reports that extreme weather in the Asia-Pacific region causing prices to rise for several commodities, including nickel, coal and aluminum
Bloomberg.com reports that in China, aluminum reserves have fallen
The Toronto Star.com reports that Aluminum price, during Q4 on the LME, rose 10%- and is continuing its' ascent into 2011.
Bloomberg.com reports that Aluminum was trading up today, fueled in part by a positive report on the US economic outlook
Steel Guru.com reports that there is expectation that in 2011, globally, Aluminum prices will increase
Bloomberg.com reports that Aluminum rose today.
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