18.09.2014 - Can aluminium prices sustain their rally?
This year has seen a revival in aluminium prices along with prices for a number of other base metals, such as zinc and nickel. Whereas the strength in zinc and nickel prices has been mainly supply - driven, the picture for aluminium is more nuanced. Aluminium is the second most produced metal in the world and is used in a wide range of applications, from construction and cars to packaging. The industry has been suffering from oversupply since 2007, mainly due to large capacity increases in China and the Middle East. Prices have been falling since 2011, leading to shutdown of smelters...........................................Full Article: Source
Print