By SIMON CONSTABLE
The cure for aluminum's low prices seems to be those low prices themselves. That's standard free-market economic theory, and it appears to be playing out in the real world. After years of overproduction of aluminum and steady price declines, producers are starting to manufacture less of the metal, which is used in everything from packaging to auto parts to airplanes. That could bring prices back above $2,000 a metric ton.
Benchmark futures, traded on the London Metal Exchange, are down about 34% from their May 2011 peak of $2,774 a metric ton, and recently traded around $1,820. See original story here.
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