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According to the Metal Bulletin, commercial bank analysts pointed out that the average price of aluminum on December 17-23, 2012 was at US$2,121/tonne. However, aluminum prices will continue to increase, and are currently maintained at US$2007/tonne to US$2012/tonne and US$2055/tonne, and will later increase to US$2,200/tonne and US$2,204/tonne. The aluminum price of US$ 2007/ton will result in the price of winged metal falling to US$ 1,931/t.
It is reported that global aluminum production increased by 2.5% from January to November 2012. During the same period, the output of winged metals in the global market was 41.272 million tons. In November 2012, the global aluminum production output reached 127,700 tons, an increase of 0.4% over the previous period.
According to statistics from the International Aluminum Association, the global aluminum reserves increased by 98,000 tons in October 2012 to 2.332 million tons. During the same period, the global reserves of winged metals decreased by 11,000 tons.
Aluminum prices will increase to 2200 US dollars / ton