Aluminum Corporation of China has closed yesterday at $24.71. So far the stock has hit a 52-week low of $7.22 and 52-week high of $30.19. The proprietary Key Risk Ranking for ACH has declined from a 2 KEY Considerable Relative Risk to a 1 KEY High Relative Risk. For full story, click here
Reliance Steel and Aluminum closed yesterday at $35.25. So far the stock has hit a 52-week low of $12.58 and 52-week high of $78.44. Reliance Steel and Aluminum stock has been showing support around 31.40 and resistance in the 37.60 range. For full story, click here
Aluminum futures bounced from a seven-year low due to sharp rebound in U.S. equities Tuesday, but grim U.S. economic data kept sentiment sour. For more information, click here
Aluminum prices are near five-year lows as orders drop from automakers, builders and appliance manufacturers. For full story, click here
The price of aluminum has slumped some 50 percent since peaking at $3,380 per tonne last July as the global economic downturn has hit demand for the metal. To kick off 2009, the aluminum market received some positive news as the metal climbed to a three-week high in Shanghai trading.
London aluminium dropped to a five-year low on Tuesday as worries about slow demand overcame support from a soft dollar and plans to boost China’s economy. For full story, click here
Aluminium touched a 3-year low, before tracking equities higher, while a poor demand outlook for metals continued to dampen sentiment. For full story, click here
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