July 2012 | Base Metals
Lower cost curve may mean prices trade lower: Aluminium - Market Analysis
We still believe that aluminium prices may have to fall further to trigger smelter cutbacks, but for now prices may attempt to build a base.
There is little room for complacency
The fundamentals on aluminium remain bearish, global production continues to rise with output in May 5.8% higher than in April and 2.5% higher than in December. Given the economic outlook and the high levels of stocks both on and off exchange, there is just too much aluminium around. For now the surplus...
ACCESS RESTRICTED
You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.
SUBSCRIBE
Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.
Subscribe