Aluminum Prices to Rebound Soon

  • Friday, February 07, 2014
  • Source:-

  • Keywords:Al, Aluminum metal, price, LME
[Fellow]-

[Ferro-Alloys.com] Market participants pointed out that production of aluminum has greatly reduced and the global economy is expected to recover; therefore, the outlook of aluminum prices is expected to rebound soon.

Moreover, Rusal, the world's biggest aluminum producer, predicted that the global aluminum price may be around US$2,000/ton this year, US$2,250/ton in 2015 and US$2,400/ton in 2016.

The LME's aluminum prices hit a 4 and half year low of $1,700/ton. The prices of aluminum fell with base metals due to the poor performance of manufacturing data of China and the U.S.

 

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