Market pessimistic on aluminum’s comeback potential

Aluminum Investing News reports aluminum prices have been on the low side due to reduced demand from automakers, builders and appliance manufacturers.

The global recession, collapsing consumer and corporate confidence and plunging demand for industrial metals have combined to drop the aluminum prices on the LME to their lowest monthly rate since April 2003. Aluminum inventories are rising and could depress prices even further unless producers shut more capacity to wipe out the growing surplus.

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