Alcan Aluminum (AL-TSE) Message Board

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Gold/Mining/Energy : Alcan Aluminum (AL-TSE)

AL 63.86

0.0%

Oct 31 9:30 AM EST

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To: Step1 who wrote (16)	7/27/1998 1:08:00 AM
From: Step1	Read Replies (1) of 33

got this from the Economist... Sounds like a little patience is in order... >> "The price of aluminium on the London Metal Exchange has dipped below 1,300 $ a tonne, a four year low. At the same time as new sources of supply are coming on stream, Asia's economic crisis has weakened demand in the region. Aluminium is now piling up in warehouses in Japan, as recession has hit the country's construction and car industries. China used to ship 90% ot its exports to other Asian countries, but it is now expanding exports to Europe and America. It has scrapped export licences and may become a net aluminium exporter for the first time this year. Russia is also expected to step up exports to earn foreign exchange, though many of its smelters are running at a loss." <<

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