Aluminum Seen Falling Another 11% as China Boosts Supply: ChartBy
Aluminum prices, down more than 40 percent from a 2011 peak, are set to lose another 11 percent-plus over the next four years as China continues to expand supply. That’s the conclusion of researcher Harbor Intelligence, which predicts China will produce about 39 million metric tons by 2020, a more than 75 percent increase from 2010. It’s a scenario that casts a shadow over what’s left of the U.S. smelting industry.
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