this could just be a warming up, page-5

Pretty amusing isnt it MM
They have all been short over an extended period and now the downgrades fly in an effort to protect the propriety trading divisions....
Alumina fundamentals are the key here, margins are moving upstream it has been a slow grind but we are gradually moving away from the percentage pricing model pegged to aluminum prices....China may be long Aluminium production but they certainly dont have the Bauxite/Alumina