27 JULY 2010AL CIRCLE
Chinese aluminium production hits a fresh all-time high in June
Edited by : AL CIRCLE
1 min read
...The world’s biggest aluminium producers have already written the aluminium price recovery script. LME three-month aluminium is currently languishing around the $2,000-per tonne level, weighed down by a mountain of surplus metal in the form of LME stocks. But fear not! The price is going to recover to $2,400-2,700 next year, according to Oleg Deripaska, head of the world’s largest producer UC RUSAL. The logic is simple enough. If prices don’t recover, higher-cost smelter capacity will close...
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