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

Aluminum slump means 25pct of smelters losing money

Posted on 09 November 2011

The biggest decline in aluminum prices since the global recession means at least 25 percent of the world’s smelters may be unprofitable.
The metal fell 23 percent to $2,135.50 a metric ton on the London Metal Exchange since May 1 and energy costs gained 16 percent in the past month. Twenty-five percent of production loses money below $2,350 and 50 percent under $2,000, according to estimates by Bloomberg Industries……………………………………….Full Article: Source


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