this could just be a warming up, page-9

I did short BKN yes - I have a quick losing trade pretty much every day - today it was SAI, tomorrow something else, and make good profits from the positions I keep for more extended periods. AWC is looking like a loser now for longs - I would have sold yesterday if I was long AWC, and if committed I would buy back in when it stopped going down. I'll not be short anymore if it stops going down.

http://www.kitcometals.com/charts/aluminum_historical.html

Auminium prices. Haven't recovered much from the depths of the GFC. Look at the LME stock on the five year chart.

The main reason for the price increases we have had are possibly due to the increase in the cost of electricity generation, as coal and oil prices went up post the GFC lows. Possibly it has been profitless for aluminium smelters. Why would there be any short term change? If I am right AWC might go below $1 again, and HC posts will all be negative.

Make your own mind up. This was only worth 1.235 to CITIC for strategic and likely political reasons. Has to be a shortage of supply of Aluminium at some stage - but might be a long way away, also it is possible that electricity generation costs might go down at some stage.

DYOR