Metals News
Goldman Sachs: Aluminum is A Good Bet
industry news
01:28PM
Jul 4,2012
Source:SMM

Jul. 4 - Aluminum is "attractive at these levels" with 20 percent of China's production losing money, Goldman Sachs Group Inc said.

Up to 30 percent of aluminum output outside of China is "loss-making", Goldman Sachs said in a report.

"An expected pick-up in consumption would likely tighten the aluminum balance. This tightening, together with anticipated upside in oil prices, and upside risk surrounding potential Indonesian bauxite export quotas, leave us bullish from here."
 

Goldman Sachs
China aluminum
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data