India Infoline reported that the US production of Aluminium declined to 202000 tonnes in the Q3 ending September 2012. The production of Aluminium was marginally lower compared to 216000 tonnes in Q2 this year.
United States Geological Survey said that the total Aluminium production was down by 22000 tonnes to 631000 tonnes between Q1 and Q3 of 2012. The production was down from 653000 tonnes in between January to September 2011.
LME Aluminium three month forward was trading at USD 2002 per tonne compared to USD 2015 per tonne on November 27th 2012. Indian metal futures will remain open for the evening session only due to Gurunanak Jayanti. MCX Aluminium settled at INR 111.1 per kilogram up 0.22%.
Source:
http://www.steelguru.com/metals_news/US_production_of_aluminium_declines_in_Q3/293867.html
