Aluminum Producers Underwater
After aluminum’s recent slump, many smelters are unprofitable- a reality that may lead to forced shutdowns.
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Tag Archive | "junior aluminum stocks"
Tough times ahead for aluminum industry
Friday, May 15, 2009
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.
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Arbitrage opportunity increases China’s aluminum imports
Wednesday, March 25, 2009
Aluminum’s fundamentals remain dire, despite the upswing in Chinese Imports. Imports in the country are rising due to an arbitrage opportunity as Shanghai Futures Exchange aluminum is selling at a premium of $400-$500 per tonne on the London Metal Exchange.
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Aluminum producer’s squeezed
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.
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Asides
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Monday, June 14, 2010