Emerging Markets Driving Aluminum Demand
A study released by the Bedford Report suggests that the rise in aluminum prices is driven by demand from emerging markets.
A study released by the Bedford Report suggests that the rise in aluminum prices is driven by demand from emerging markets.
Aluminum producer’s cutbacks have done little to stabilize the metal’s free fall. In London, the price of aluminum fell to $1,321 per tonne from $1,345. In New York, it was selling for 59 cents per pound. Six months ago, the metal’s going rate was $1.50 per pound.
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