Aluminum demand seen in line for fall
Apr 07, 2014 | 06:06 PM
| Michael Cowden
CHICAGO Production cuts and a U.K. High Court ruling preventing reforms to London Metal Exchange warehouse policies could drive aluminum prices and regional premiums for the light metal higher, analysts said.
However, while good for producers in the short term, higher prices could hurt future aluminum demand as the light metal increasingly competes with steel in the automotive sector, one analyst noted.
Higher prices and regional premiums come as the LME said in an April 7 notice that it was "taking legal advice" to find the "quickest effective route" to slash waits for metal at warehouses with bloated inventories despite the High Courts ruling placing previously proposed reforms on hold (amm.com, March 27).....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.