26 AUGUST 2011foxbusiness
Hindalco: Expect Aluminum Prices To Remain Range-Bound In Short Term
Edited by : AL CIRCLE
1 min read
Global aluminum prices are expected to remain range-bound in the near term as global inventories are at record levels, Hindalco Industries Ltd. (500440.BY) said in its annual report Friday.
"Aluminum inventories across the globe are near all-time high. But most of these inventories are reportedly bound in financing deals and are not expected to flood the market," it added.
"Aluminum inventories across the globe are near all-time high. But most of these inventories are reportedly bound in financing deals and are not expected to flood the market," it added.
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