August 2012 | Base Metals
Important support levels were breached last week: Aluminium - Market Analysis
Stocks may still be held off-market and, in turn, that is keeping premiums high, but the breach of important support levels last week suggests the fundamentals are getting heavier.
Novelis forecasts aluminium prices to remain at current levels for the next 12 months
In the recent quarterly release Novelis announced that it expects aluminium prices to remain at the current levels due to an excess of supply. The company stated that the closure announcements undertaken by the smelters in order to balance...
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