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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (821)	9/28/2001 12:59:34 AM
From: russet	Read Replies (1) \| Respond to of 1643

Brian Lewis The Province Thursday, September 27, 2001 Alcan Inc. TSE (AL) Close: $45.50 Change: -$1.75 It's not just airlines and aircraft manufacturers who are getting hammered on stocks markets these days in the aftermath of the Sept. 11 terrorist attacks in the U.S. -- aluminum producers such as Montreal-based Alcan are also feeling the impact since they're a major supplier to the aviation industry. However, that's only part of the problem because global aluminum prices are still low. In fact, the Wall Street Journal says they hit a 27-month low of $1,336US per ton earlier this week and that aluminum producers are also contending with higher-than-normal inventories. Investors pushed Alcan shares down a further 3.7 per cent yesterday on 953,200 trades. Since Aug. 24, Alcan shares have given up $12.90 in value. They reached their 52-week high of $73.88 late last spring and are now just a few dollars off the 52-week low of $41.95. © Copyright 2001 The Province