In a further indication of a tightening North American aluminum market, Novelis Inc. has increased prices for some products offered through its Web sales program as a result of a spike in demand caused by low inventory levels. For full story, click here
Aluminum stockpiles have risen consistently this year amid the downturn in the auto sector; however recent evidence that the economy is improving combined with confidence in Chinese purchases have lifted aluminum demand.
For aluminum, the record high inventories is one thing that the markets are cautious of. At 4.2 million tonne, aluminum inventory stand at record highs. For full story, click here
Aluminum surged in London, heading for the biggest weekly gain in 21 years, as inventory figures signaled a possible strengthening in demand. For full story, click here
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