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Steel Guru.com reports that among other things, the weak US dollar is driving up the price of Aluminum.
Steel Guru.com reports that among other things, the weak US dollar is driving up the price of Aluminum.
The story is quoted as saying:
Aluminum prices have been up most of the month fuelled by a weak US dollar and the recent declaration by the Federal Reserve of its intention to buy USD 600 billion of Treasuries. Emerging markets have been a huge source of revenue as economies in China, Brazil and Russia markets have become richer leading to higher levels of building. One of the fundamental reasons for the turnaround in the aluminum industry has been the continued production discipline demonstrated by China.
