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fredag, september 23, 2011

Aluminum Accelerated by Automotive Production‏


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 Aluminum prices have come down sharply since April, when the price for aluminum on the LME was at a high just below $2,800 per tonne. Today, the LME price for aluminum was quoted at $2,303 per tonne. Factors weighing down the price can be attributed to a surplus of the metal worldwide and concerns of a global economic slowdown.

Going forward, the outlook for aluminum is more positive than the price may suggest. Some of the world’s largest aluminum producers are confident that 2012 will see robust demand growth, and several have even invested millions in upgrading production capacity. The main growth markets for the metal are the BRIC countries, which should come as no surprise to market onlookers. However, due to rising standards in the automotive and aerospace sectors, demand growth in Western economies is expected to rise as well.

BRIC countries = Brasilien, Ryssland, Indien och Kina
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