us moolap comparison, page-59

Sinbin

The facts are as I state them

MHM has confused me, and others by annoucing 3 entities .

On a comparism price for al 80 from a major chinese corporation


Aluminum Corporation of China Limited indicated on March 1st that the company predicted that the aluminum oxide prices would be at USD 350 per tonne to USD 430 per tonne this year in global market in addition that in China’s market would be at CNY 2,700 per tonne to CNY 3,300 per tonne.

Besides, CHALCO estimated that global aluminum oxide production in 2011 would reach 87.75 million tonnes up by 6.7% YoY also China’s aluminum oxide production in 2011 would hike by 14.7% YoY to hit 33.2 million tonnes.

Meanwhile, the company predicted the global consumption of aluminum oxide would increase by 8.4% YoY to 88.40 million tonne in 2011 China’s consumption would soar by 17.8% to 37.10 million tonnes. At the same time the 3 month delivery prices of aluminum at LME would have chanced to rise to USD 2,300 per tonne to USD 2,900 per tonne.

(Sourced from Yieh.com