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LME Aluminium may rebound to $2000/ton on falling inventory

Posted on 11 June 2014

Aluminium prices which had hit a four-and-a half year low in February at London Metal Exchange (LME) but recovered 14% from those lows. According to United Company Rusal Plc, world’s leading aluminium producer, prices may peak to $2000 per ton in the coming months due to bullish physical and technical factors.
Angel Commodities noted in a monthly report that Chinese aluminum smelters are restarting some idled capacity after prices of the metal rebounded from five year lows hit in March, also taking advantage of lower power costs. ……………………………………….Full Article: Source


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