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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Aluminium – potential huge spike may be imminent on increased shorting

Posted on 18 October 2011

Aluminium prices have been battered by investors and shorts in the metal have increased. LME Aluminium has fallen from around $2900/tonne to below $2000/tonne this year.
And the CEO of Alcoa, Klaus Klienfeld is blaming the short sellers. “They are betting against aluminium as a proxy for betting against the global economy”………………………………………Full Article: Source


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This post was written by:

VRS - who has written 36970 posts on Opalesque Commodities Briefing.


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