Soon boosting Ford’s stock will fall to Mark Fields. The new CEO said today that when he takes over for Alan Mulally, the company’s new aluminum-bodied F-150 truck will be key to making the automaker’s stock rise.
The Indian aluminum cash price saw the biggest decline of the day, dropping 1.2 percent to close at INR 108.45 ($1.80) per kilogram on Thursday, May 1. On the LME, the cash price of primary aluminum fell 0.6 percent to $1,769 per metric ton. The aluminum 3-month price saw a 0.5 percent decline on the LME to $1,812 per metric ton.
Chinese aluminum prices were flat for the day. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 12,250 ($1,957) per metric ton. The price of Chinese aluminum billet saw little movement at CNY 13,590 ($2,171) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,269) per metric ton. The cash price of Chinese aluminum saw little change in its price yesterday at CNY 13,290 ($2,123) per metric ton.