Aluminum seen easing when new supply causes surplus

Newswire

By Carole Vaporean NASHVILLE, April 23 (Reuters) - Aluminum prices are expected to fall later this year when new smelter supply gets added to the market, but growing demand for the shiny metal should limit declines and result in only a small surplus, said analysts ahead of the Aluminum Association's spring meeting. "While the supply/demand balance at the moment looks tight, the market for aluminum will move into gradual surplus this year. So, I'm expecting prices will move down," said ...

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