Aluminum is in global meltdown smelter
Reports estimate that the global aluminum consumption will plunge 7% in 2009, and sales may dip as much as 15% in global building markets and 18% to automotive customers. For full story, click here
Articles Tagged "decline"
Record high LME stocks overwhelm stimulus’ potential
Aluminium for delivery in three months on the London Metal Exchange fell to a low of $1,279 a tonne – the lowest level since November, 2001. Record high stocks were responsible for the overwhelming downward pressure. Aluminium LME warehouse inventories leapt by 13,125 tonnes to stand at 3.17 million tonnes, their highest ever.
Aluminum prices declined
Aluminum prices dipped to $1,452 a tonne from $1,468. For full story, click here
