The Wall Street Journal
Goldman Sees More Cuts in China Aluminum Output
Edited by : AL CIRCLE
1 min read
The decline in aluminum prices has already led to production cutbacks in China and will likely lead to more, providing a mildly bullish boost to the metal, Goldman Sachs said.
The bank on Tuesday lowered its 12-month aluminum price forecast by 9.4% to $2,400 a metric ton from $2,650/ton previously, and kept its three-month outlook unchanged at $2,300/ton.
Those are still well above current prices. The price of aluminum, used in the automotive, aerospace and construction industries, has tumbled along with other commodity prices in recent weeks and is trading at 2011 lows ...
The bank on Tuesday lowered its 12-month aluminum price forecast by 9.4% to $2,400 a metric ton from $2,650/ton previously, and kept its three-month outlook unchanged at $2,300/ton.
Those are still well above current prices. The price of aluminum, used in the automotive, aerospace and construction industries, has tumbled along with other commodity prices in recent weeks and is trading at 2011 lows ...
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