May 2012 | Base Metals
Further to fall: Aluminium - Market Analysis
Prices breached the $2,000/tonne level, but support was still evident in the region. Aluminium may have to fall further to trigger more production cutbacks.
Premiums move from strength to strength
Despite the weak market outlook and low benchmark prices, aluminium premiums remain at record highs and while financing deals remain economically viable and there are long queues at warehouses, the situation is unlikely to change. Indeed if anything, if low prices prompt more production cutbacks then the tightness may intensify. Last week we mentioned that Rio...
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