Dollar key to ingot strength in Europe exec

Nov 27, 2007 | 02:20 PM |

London Metal Exchange aluminum prices will increase in the long term, although that is dependant on a recovery of the U.S. dollar, according to Thomas Reuther, managing director of Trimet Aluminium AG, Essen, Germany.

Reuther attributed the expected hike in LME aluminum to rising capital costs for aluminum smelters, soaring energy and freight costs and further increases in aluminum use, which he said will lead to a shortage of the light metal by 2010.....

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