Aluminum sector’s failure to launch

Aluminum Investing News reports aluminum companies are still struggling despite some positive news from the global markets.

In its latest Industry report, the aluminum association showed demand for North American aluminum mill products in January rose 4.0 per cent from December but tumbled 26.4 per cent from January 2007. Shipments slid to an estimated 1,443.4 million lbs from 1,961.7 million lbs in January 2007, but increased from the 1,388.2 million lbs shipped in December. In its breakdown of U.S. and Canadian mill products, the association said demand for aluminum sheet and plate lost 21.2 per cent to 642.5 million lbs in January from 815.8 million lbs in January 2007, but went up 1.6 per cent from 632.3 million lbs in December.

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