May 2012 | Base Metals
Lower prices may prompt supply cuts before long: Aluminium - Market Analysis
Prices have extended to the downside and now last December’s lows are back in focus. As these levels are approached, the market should be ready for further production cutback announcements.
Aluminium stocks fall in China, Japan and on the LME
LME aluminium stocks remained below the 5 million tonne level last week, with stocks down 30,400 tonnes on the week. The outflow continues to gather pace following the introduction of larger load-out rates at the start of April. Aluminium leaving warehouses averaged 14,581 tpd last week compared with 12,075...
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