May 2012 | Aluminium Weekly Market Tracker
Aluminium prices found support above $2,000/tonne: Market Summary and Analysis
Chinese aluminium demand should still increase by 9.8% in 2012 despite economic troubles.
Aluminium prices found support above $2,000/tonne – given the concerns over Greece we feel the fact prices held support suggests the market is wary of production cutbacks.We expect Chinese demand to pack a strong punch in 2012 with an increase of 9.8% anticipated. While for any other region this growth would be hailed as impressive, this would actually be the second slowest increase in Chinese aluminium demand during the past decade, with only 2009 showing slower growth. Century Aluminum is considering restarting of the expansion projects in its Helguvik smelter in Iceland. Construction of Helguvik began in...
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