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Cost for producing Aluminum falls with 25% - Possible fall for the price of the metal
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Loading...Aluminum, the best performing metal on the London Metal Exchange this year, may be about to decline.
The cost of alumina, the raw material used in its manufacture, has plunged by 25 percent this year in
China on excess supply, which could foreshadow a drop in the price of the refined metal,
according to Liu Xiaolei, an analyst at researcher SMM Information & Technology Co. in Shanghai.
Rising inventories of aluminum in sheds tracked by the Shanghai Futures Exchange will
also weigh on prices, although government plans to cut capacity may provide support, Liu said.
China is the largest producer and user.
Source: Bloomberg Pro Terminal
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