Aluminum Producers Try Hard to Keep Prices Low
As LME aluminum prices have risen by 18% since early March, a timely announcement by Hydro Aluminium of Norway came out this week to quell any fears among aluminum consumers that capacity cutbacks would eventually bring the market into supply/demand balance and push up prices to levels seen last year. Qatalum, a $5.6 billion smelter joint venture between Qatar and Norway’s Norsk Hydro is due to come on stream in the 4th quarter and begin deliveries in the early New Year according to Reuters. T
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