13.10.2010 - China’s appetite to keep aluminum prices up
From Commodityonline.com: China is all set to drive the aluminium market once again with its imports set to go up around 25 times in the next four years. According to Harbor Intelligence, global leader in aluminium market forecast, said conditions like accelerating demand in China, stronger seasonality, a weakening US dollar, confidence in bullish territory and falling aluminum inventories will ensure a big bull run in aluminium market. Prices should reach $2,400 per mton (110 cent/lb) before year end, it said. For next year, prices should average $2,527 per mton (115 cent/lb) and increase as high as $2,700 per mton (125 cent/lb) at some point in the first half of the year..............................................Full Article: Source
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