09.10.2012 - Excess supply holding back Aluminum prices
The global aluminum market remains oversupplied, creating pressure for prices, said Citi Research in a commodity research note. The firm is forecasting a price of 93 cents a pound for the fourth quarter of this year. “The aluminum market boasts one of the higher demand growth rates amongst the major commodities but the capacity and supply curve somehow manages to remain one step ahead of demand, driving a growing surplus,” Citi Research added...............................................Full Article: Source
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