17 AUGUST 2011steelguru
Major aluminum market developments in July
Edited by : AL CIRCLE
1 min read
Reuters reported that aluminum prices made gains in July only to fall sharply in early August as global demand concerns weighed, and while further falls are possible near term, the threat to supply from higher cost producers may lend support.
Mr Nick Moore global head of commodity strategy at RBS Global Banking and Market said that "Prices where they are mean around 10% of the aluminum industry is losing money on a cash cost basis. High cost producers in China and Europe are now being impinged."
Mr Nick Moore global head of commodity strategy at RBS Global Banking and Market said that "Prices where they are mean around 10% of the aluminum industry is losing money on a cash cost basis. High cost producers in China and Europe are now being impinged."
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