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Goldman is lowering its 12-month aluminum price forecast to $2,400/ton, from a prior $2,650/ton,...

Goldman is lowering its 12-month aluminum price forecast to $2,400/ton, from a prior $2,650/ton, though the new target still represents a healthy increase from aluminum's current price of less than $1,900/ton. The firm expects production cutbacks from Chinese companies, some of whom are losing money, to bolster prices. Aluminum makers such as AA, NOR, CENX, ACH, and KALU have had a rough year.
Comments (1)
  • bananaoneover
    , contributor
    Comments (2) | Send Message
     
    They will all go lower. a'ok.
    31 Dec 2011, 12:12 PM Reply Like
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