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Alumina Trade to Shift to Spot Price in Three Years, Rusal Says
Feb. 15, 2011 12:17PM PST
Market NewsBloomberg reports Alumina will be traded mostly in the cash market within three years not long- term contracts, adding to price gains for the material.
Bloomberg reports Alumina will be traded mostly in the cash market within three years not long- term contracts, adding to price gains for the material.
The market news is quoted as saying:
Alumina’s price would increase at a faster rate than Rusal forecasts for the lightweight metal. Rusal expects aluminum to “sustain above $2,500” this year, the company said today in a statement.
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