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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here