Aluminum Market Resources

> Aluminum Intelligence: We are in a short term correction phase within a structural led long term upward trend

Conclusion: Aluminum prices are in a long term upward move given strong structural demand growth mainly from China, strong structural speculative demand, near record low inventory levels in terms of weeks of consumption, escalating output and capex costs ...

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> Weekly Analysis: We still see reasons to expect temporal and limited further falls in prices

We see increasing reasons to expect prices to fall further but temporarily toward our target zone of $2,800-2,700 per mton (127-123 cent/lb). If that is the case, we judge that locking in `08-`09 requirements will seem reasonable as it will imply locking ...

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> HARBOR Aluminum Commentary: Prices practically unchanged as aluminum output in China is not significantly affected by earthquake

Nevertheless, gains in aluminum were limited as traders reported that just around 170,000 tpy of aluminum capacity was tentatively......