2015 is shaping up to be a year which ends more on a whimper than a bang as far as LME prices are concerned. Prices are currently trading at sub $1,500/t levels and have been there for pretty much most of November. On a slightly positive note, we are now starting to see some movement towards production adjustment, particularly in North America and China. However, the market remains wary over the exact amount of metal that is being taken out of the market amid the still continued build in new capacity, especially in China. Consequently, LME prices remain desensitised to any developments on production curtailments. We continue to project a well supplied market over the next two years with prices remaining at bargain basement levels.
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Global aluminium short-term outlook November 2015 PDF - 659.49 KB 34 Pages, 14 Tables, 18 Figures
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Commodity market report | Nov 2015
Global aluminium short-term outlook November 2015
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