Output cuts driving aluminum price rise: analyst

Aug 18, 2014 | 04:13 PM | Nathan Laliberte

Tags  aluminum, Adam Longson, China, Morgan Stanley Research, Brazil, production curtailments, aluminum prices, London Metal Exchange LME

NEW YORK — Global production curtailments are driving a recent spike in domestic and international aluminum prices, according to Morgan Stanley Research analyst Adam Longson.

Aluminum last week replaced zinc as the top-performing metal in the second half of 2014, Longson said in an Aug. 18 report. "We think sustained non-China production curtailment is the primary factor behind the strength, illustrated by declining exchange inventories and steepening near-term backwardation." ....

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