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Aluminum surplus may widen by 36% in 2009

Posted on 28 November 2008

From Bloomberg: The global aluminum surplus is expected to rise 36 percent next year as supply increases and demand falls, Goldman Sachs JBWere Pty forecast.

Aluminum supply may exceed demand by 2.18 million metric tons, rising from an excess of 1.60 million tons this year, Goldman said. Further production cuts were “desperately needed in order to avoid a massive inventory-build,” analysts led by Malcolm Southwood wrote in the report yesterday….. Full Article: Source


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