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China tackles aluminum market

Melissa Pistilli
Jan. 08, 2009 08:33AM PST
Market News

Aluminum Investing News reports aluminum price has fallen more than 50% since July last year. To kick off 2009, the aluminum market received some positive news as the metal climbed to a three-week high in Shanghai trading. The announcement of a  plan by the Chinese government to buy 290,000 metric tons of the metal to …

Aluminum Investing News reports aluminum price has fallen more than 50% since July last year.

To kick off 2009, the aluminum market received some positive news as the metal climbed to a three-week high in Shanghai trading. The announcement of a plan by the Chinese government to buy 290,000 metric tons of the metal to boost state reserves pushed the metal forward.

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