| 18.06.2012 - Aluminum continue to struggle around $1,950/ton’ |
| Aluminum continues to struggle around $1,950 a metric ton support, said Edward Meir, commodities consultant with INTL FCStone. Meir continued that, “Some of this may be due to the lack of fresh production cutbacks despite prices below $2,000. This is especially true of China, where year-to-date production is up some 10% through May and now likely running ahead of demand given the slowdown in the Chinese economy.”..............................................Full Article: Source |