Aluminum Falls From Record After Surge on China Supply Concern

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Aluminum Falls From Record After Surge on China Supply Concern

Post by yunowu on Mon Jul 07, 2008 9:11 pm

``Investors are becoming increasingly bullish on aluminum because of expected power issues around the world,'' Yang Bo, a trader at Minmetals Starfutures Co., said today by phone from Shenzhen. Still, ``Shanghai prices are quite reluctant to chase the London gains due to lackluster demand, and this may curb further gains in London.''...

http://www.bloomberg.com/apps/news?pid=20601089&sid=a2mXwJCr7e78&refer=china

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Power worry fuels aluminum rise to 2-year high

Post by yunowu on Mon Jul 07, 2008 9:17 pm

LONDON (Reuters) - aluminum jumped to its highest in more than two years on Monday as investors bet on higher prices of the energy-intensive metal amid escalating worries over power problems in China, the world's largest producer.
The metal used widely in packaging, transport and power rallied to $3,256 a tonne, the highest since May 11, 2006 when it touched a record high of $3,310 a tonne...

http://asia.news.yahoo.com/080707/3/3lu3l.html

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Aluminum sets record high, lead leaps 12 percent

Post by yunowu on Thu Jul 10, 2008 12:07 pm

LONDON (Reuters) - Aluminum jumped to a record high on Thursday on output cuts in top producer China, while lead surged more than 12 percent as the market fretted over lower inventories....
http://www.reuters.com/article/marketsNews/idINL1010897320080710?rpc=611

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Re: Aluminum Falls From Record After Surge on China Supply Concern

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