A bit quiet here today but to add to the last thread re: upcoming IPO's there is this.
global aluminum demand will grow 7% in 2012 and that demand will outstrip supply by about 600,000 tons.
The challenge for all aluminum companies will be reining in costs, especially with energy prices rising. The cost of producing aluminum is usually 36% energy, 31% alumina, 21% other raw materials and 5% labor.
"This is more about costs and power prices rising and the need to be profitable," says Jorge Vazquez, an analyst for Chicago-based Harbor Intelligence.
Starting to fall in place maybe...
VAN Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
