Alcoa Inc. had an awesome video marketing department back in 1977. Just click on the above to see for yourself!
The angle of the video is that Alcoa Can’t Wait to conserve energy, save resources, keep recycling, etc. But we bet the aluminum producer also can’t wait to see LME prices rise above $2,000 per ton again.
According to our daily aluminum index, that hasn’t nearly happened yet.
On the LME, the aluminum 3-month price declined 0.1 percent to $1,876 per metric ton. The primary aluminum cash price saw little price change on Thursday on the LME at $1,826 per metric ton. Following two days of increases, the cash price of primary Indian aluminum dropped by 2.5 percent on Thursday, August 29.
Chinese aluminum closed mixed yesterday. The price of Chinese aluminum billet fell 0.3 percent on Thursday after three straight days with no change. The cash price of Chinese aluminum saw a 0.3 percent decline. The price of Chinese aluminum scrap showed little movement on Thursday. The price of Chinese aluminum bar continues hovering in place for the fifth day in a row.