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Aluminum falls to three-year low on stockpiles; copper rebounds

Posted on 13 November 2008

From Bloomberg: Aluminum fell to three-year low in London as bulging stockpiles heightened speculation that miners need more output cuts to match slowing demand led by China, the world’s biggest buyer. Copper rebounded from a three-year low.

Aluminum inventories in warehouses monitored by the London Metal Exchange have jumped 67 percent this year to the highest since 1995 and copper supplies are the highest since 2004. China’s aluminum demand may grow 2 percent or 3 percent next year, the slowest pace since 1997…… Full Article: Source


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