Aluminium forecast

UC Rusal has forecast that aluminium prices will reach $1,900 per tonne this week, and $2,000 per tonne in the next few months, it said on Monday June 9. Aluminium has not traded above $1,900 per tonne since a very brief foray above that level in August last year, and last traded above $2,000 per tonne in the first quarter of last year. Three-month aluminium settled at $1,837/838 per tonne in the official session on the London Metal Exchange on Friday. "A combination of physical factors as well as constructive pricing factors causes Rusal to assert that aluminium is entering a new bullish phase that