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.
The U.S. and the EU have both launched World Trade Organization complaints against China on the grounds that Beijing unfairly helps domestic makers of steel and aluminum, by blocking overseas exports of raw materials.
Vimetco, the Netherlands-based global aluminum producer, declared that it could take as long as 15 months before the world aluminum industry starts to benefit from the numerous stimulus packages designed to kick-start ailing economies. For full story, click here
Aluminum Corp. Of China jumped atleast 8 percent after the former statistics bureau head said Premier Wen Jiabao will announce a new “stimulus package” tomorrow in his annual address to the nation’s legislature. For full story, click here
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