21.10.2011 - Aluminium may face downside pressure as banks liquidate financing deals
Aluminium prices face a dampening prospect as the global economic slowdown could force banks to liquidate their metal holdings in a bid to fund other purposes. Bank financing deals are believed to have tied up 70% of more than 4.5 million tonnes of aluminium held at LME approved warehouses. In a bank financing deal, banks buy aluminium, sells it forward and stores it in a warehouse for long periods..............................................Full Article: Source
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