04 DECEMBER 2014Shanghai Metal Market
Aluminum hikes up in the US as demand surges
Edited by : AL CIRCLE
1 min read
After declining at the lowest point yesterday since the month of July in the year 2013, aluminum has again regained its posture by increasing its value to 0.3 percent. According to the reports which were published in the month of November, the annual consumption of the automobile industry has been noted as 17.2 million tonnes. The records from the month of October shows that the consumption of aluminum from the construction industry has increased by about 1.1 percent.
A Senior Fund Manager at the Astmax Asset Management Inc, located in Tokyo, Testu Emori, stated that the US based sale of aluminum based automobiles is very much impressive in number. He also added that the consumption of aluminum in the construction industry is also positive, and this could bring up tremendous effect on the market of the base metal.
In, London Metal Exchange, the aluminum stored in the warehouse awaiting for delivery has increased 0.3 percent, and has reached 1,983.85 dollars per tonne.
A Senior Fund Manager at the Astmax Asset Management Inc, located in Tokyo, Testu Emori, stated that the US based sale of aluminum based automobiles is very much impressive in number. He also added that the consumption of aluminum in the construction industry is also positive, and this could bring up tremendous effect on the market of the base metal.
In, London Metal Exchange, the aluminum stored in the warehouse awaiting for delivery has increased 0.3 percent, and has reached 1,983.85 dollars per tonne.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Aluminium futures rise on global cues, spot demand
Next articleIncreasing demand in auto and construction sector putting pressure on aluminium
Grow with
AL Circle
