Aluminum Prices Dip
By Staff -- Purchasing, 11/15/2007 2:00:00 AM
Expected continuation of sluggish demand in North American markets in 2008 will result in primary ingot averaging $1.05/lb worldwide in 2008, forecasts global metal strategist Jon Bergtheil at J.P. Morgan & Co. offices in London. He expects the world average for 2007 to be $1.21, which is the average of the London Metal Exchange through late October. LME aluminum ingot averaged $1.16 in 2006.
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