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Higher inventories levels and slag demand will not be helping Aluminium going forward. The prices have shown promising rise in last one-two days but the fundamental picture is still not positive.
Total world reported Aluminium inventories appreciated in July as per International Aluminium Institute. The latest trend suggested that the Aluminium inventories were at 2398000 tonnes in July 2010, up 6.8% from the month of June when the inventories were at 2246000 tonnes.
Aluminium inventories in Asia increased by 5.3% to 377000 tonnes i...
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