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Aluminium output cut urged to stabilise sharp drop in prices

Posted on 12 January 2009

From Business24-7.ae: Experts have called for major production cuts amidst a sharp drop in international aluminium prices even as smelters across the GCC are pondering over their outputs for 2009.

Slumping demand over the past few months has pushed aluminium prices down by more than half – from a record high of $3,380 (Dh12,414) a tonne on July 10 to about $1,500. Lower prices are behind massive outputs in the industry, particularly in China….. Full Article: Source


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