LME aluminum price to rise in 2013: Davenport

Sep 13, 2012 | 02:46 PM | Daniel Fitzgerald

Tags  London Metal Exchange, aluminum price, LME cash price, aluminum consumption, Tim Hayes, Nick Adams, Davenport, Daniel Fitzgerald

NEW YORK — Davenport & Co. expects the London Metal Exchange aluminum cash price to average $1.08 per pound in 2013 and continue increasing, while warehouse stock financing will maintain profitable through 2014.

Davenport analyst Tim Hayes said Wednesday at the ISRI Commodities Roundtable Forum in Chicago that the company expects the LME aluminum cash price average to finish at 93 cents per pound for 2012 before climbing next year.....

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