09 AUGUST 2011steelguru
Rio Tinto updates aluminum production on H1 2011
Edited by : AL CIRCLE
1 min read
The H1 2011 spot aluminum price averaged USD 2,551 per tonne an increase of 20% on H1 2010. The aluminum market was characterized by strong demand and high regional market premiums. The physical market was tightened due to reduced scrap availability aggressive warehouse incentives and financial deals resulting in long lead times to withdraw metal from LME warehouses. Other factors included higher oil prices impacting freight costs, stronger aluminum demand in some end use markets such as transportation and smelter closures in some regions.
Previous article
Rio Tinto updates aluminum production on H1 2011
Next articleBHP Billiton apply for leave to appeal against judgment handed down by South Gauteng HC
Grow with
AL Circle
