Steel Guru
Global Aluminum Cutbacks May Equal 4% of Capacity, Goldman Says
Edited by : AL CIRCLE
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Global aluminum production cutbacks may equal 4 percent of capacity, resulting in 2 percent of aluminum output lost for 2012, Goldman Sachs Group Inc. said.
With production forecast to exceed demand by 800,000 metric tons, the “buffer for further disruptions and curtailments has disappeared,” Max Layton, an analyst at Goldman, said in a report dated today. Copper “appears to be close to balance” even after European demand dropped in the fourth quarter, he said.
With production forecast to exceed demand by 800,000 metric tons, the “buffer for further disruptions and curtailments has disappeared,” Max Layton, an analyst at Goldman, said in a report dated today. Copper “appears to be close to balance” even after European demand dropped in the fourth quarter, he said.
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