The aluminum market is disregarding a basic principle of economics: Spot prices on the London Metal Exchange have surged 39% this year despite slipping demand and growing supply. For full story, click here
Continue reading "LME Aluminum Prices Surged"
Friday, August 7, 2009
Aluminium surged to the highest in 9 months in London and copper to the highest in 10 months as a world economic recovery spurs demand for industrial metals. Mr Gayle Berry an analyst at Barclays Capital in London stated: In Europe and the US, consumers are beginning to buy again. That is a big change [...]
Continue reading "Aluminum Climbed to Highest in 9 months as Economies Recover"
Thursday, August 6, 2009
Aluminium surged to the highest in 9 months in London and copper to the highest in 10 months as a world economic recovery spurs demand for industrial metals. For full story, click here
Continue reading "Aluminum Climbed to Highest in 9 Months as Economies Recover"
Tuesday, July 28, 2009
Aluminum surged for an 11th day, the longest advance in at least 22 years, on signs demand from manufacturers is recovering. Copper gained in London and New York to near the highest in nine months. For full story, click here
Continue reading "Aluminum Heads for Longest Gain in at Least 22 years on Demand"
Friday, June 12, 2009
Japan aluminum premium negotiations are still unresolved for many contracts, but are likely to settle at $75-$78 per metric ton over the cash London Metal Exchange price. For full story, click here
Continue reading "Japan 3Q Aluminum Premiums are likely at $75-$78/Ton"
Saturday, June 6, 2009
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
Continue reading "Aluminum heads for Biggest Weekly Gain in 21 years in London"
Wednesday, May 13, 2009
According to new data from the Aluminum Association, despite an uptick in London Metal Exchange aluminum prices, demand for North American aluminum mill products has still remained in the dumps. For full story, click here
Continue reading "US Aluminum demand is still feeling for bottom"
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Wednesday, August 12, 2009