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Why Have Aluminum Prices Declined Over The Past Year?
- China Aluminium Network
- Post Time: 2016/5/10
- Click Amount: 442
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Aluminum is a metal which has extensive industrial applications particularly in the commercial construction, automotive, aerospace, and packaging sectors. As a result, consumption of aluminum is tied to industrial growth. Weak demand for the metal as a result of subdued economic growth in China, which accounts for around half of the world's aluminum consumption, and contraction in Chinese manufacturing activity (as indicated by Manufacturing PMI data - a composite measure of economic activity in the manufacturing sector: a PMI reading above 50 indicates growth in activity, whereas a figure below 50 indicates a contraction) has resulted in a steady decline in aluminum prices over the past year or so.
questions about Alcoa? See the links below.
What Is The Impact Of Alcoa's Enhanced Aerospace Focus On Revenue Growth From Aerospace End Markets?
Notes:
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