Aluminum prices can’t keep momentum after bounce
Dec 09, 2008 | 11:57 AM
| Tom Jennemann
Aluminum pricing could not continue Monday's bounce, which appears to have been short-lived, according to market observers.
Three-month aluminum on the London Metal Exchange posted an official price of $1,519.50 a tonne Tuesday, virtually unchanged from Monday after trading as low as $1,478 per tonne earlier in the day.
Stocks of aluminum in LME-approved warehouses gained another 1,600 tonnes to 1,877,425 tonnes as of Tuesday morning, the highest level since November 1994.....
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