首页|Abare: Aluminum prices expected unch in '02, to recover In '03
Abare: Aluminum prices expected unch in '02, to recover In '03
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NSTL
Aluminium prices are expected to remain unchanged in calendar 2002 from 2001 before recovering in 2003, the Australian Bureau of Agricultural and Resource Economics said. The government forecasting agency projects the average aluminium price in 2002 to be 1,440 US dollars a metric ton, compared with 1,443 US dollars/ton in 2001. The latest forecast is slightly higher than the previous Abare forecast of 1,435 US dollars/ton issued in March. These prices refer to the cash price on the London Metal Exchange. Abare projects aluminum prices will shake off the falls seen so far in the second half of 2002, with a pick-up in the global economic activity in the latter half of the year to lead to a faster growth in demand than production.
NSTL
