Despite the recent recovery in LME aluminum prices; demand for the stainless steel component remains in the dumps. Without any idea of when demand may stage a comeback, aluminum miners are bracing for more tough times.
Continue reading "Tough times ahead for aluminum industry"
Tuesday, March 31, 2009
Reports reveal that the stoppage of Zaporizhia Aluminum Combine the country’s only aluminum smelter, would cause serious financial losses for the Ukrainian economy. For full story, click here
Continue reading "Stoppage of sole aluminum smelter will harm Ukrainian economy"
Tuesday, March 10, 2009
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.
Continue reading "Aluminum producer’s squeezed"
Monday, March 2, 2009
Prospects for Alcoa, the aluminum producer that ranks No. 1 in the U.S. and No. 3 in the world, depend on improvement in the global economy. For full story, click here
Continue reading "Alcoa’s prospects closely tied to economy"
For upcoming aluminum investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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The Aluminum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Friday, May 15, 2009