Aluminum prices continue to climb
By Tom Stundza -- Purchasing, 5/16/2008 1:05:00 PM
Prices for aluminum are climbing, and to find the reason you have to look beyond U. S. shores. Global aluminum demand has been surging because of increased manufacturing and housing construction in Brazil, Indian, China and Russia at the same time that power shortages caused in part by droughts have cramped supply. Another factor is the rising cost of electricity, which makes smelting more expensive. Meanwhile, Chinese demand growth was 38% last year. Analysts see overall global demand growing 10% this year.
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