Aluminum ingot demand cloudy
Jan 03, 2013 | 05:15 PM
| Suzy Waite
Tags
Aluminum,
P1020,
Midwest premium,
fiscal cliff,
London Metal Exchange,
Suzy Waite
NEW YORK — Aluminum P1020 market players remain mixed over how the resolution of the fiscal cliff standoff will impact markets in 2013.
Although global markets reacted favorably to Congress avoiding falling off the cliff—the London Metal Exchange three-month aluminum price bumped up 3.6 percent to $2,145.50 per tonne Thursday from $2,071.50 on Dec. 31—sources are skeptical this trend will continue, maintaining that issues such as spending and the debt ceiling still need to be resolved.....
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