Resource Market Weekly Recap
Spot aluminum premiums have climbed to their highest price in nearly five years, in the face of mounting warehouse stockpiles. The amount of aluminum stored in warehouses has climbed to a 32-year high.
Articles Tagged "spot aluminum"
A Rosier Outlook for Japan’s Economy
Aluminum Investing News reports aluminum demand has improved in Japan. Aluminum stockpiles in Japan dropped by 15 per cent in June from a month earlier to the lowest level since July last year. Inventories in Yokohama, Nagoya and Osaka ports fell to 207,600 metric tonnes at the end of last month compared with 243,300 tonens [...]
Tough times ahead for aluminum industry
Aluminum Investing News reports aluminum industry faces tough times in the coming months. Despite the recent recovery in LME aluminum prices; demand for the stainless steel component remains in the dumps. Without any idea of when demand may stage a comeback, aluminum miners are bracing for more tough times. For complete story, click this link. [...]
Aluminum producer’s squeezed
Aluminum Investing News reports aluminum prices remain low while its producers’ cutbacks have made no effect on its price. Aluminum’s low price, in conjunction with the lack of equity to keep operations running is squandering producer’s stock value. Alcoa Shares fell to a 52-week low on Thursday on the New York Stock Exchange, down 97 [...]
