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MARKET TALK: LME Aluminum Steady, Eyes Guinea Strike Talk

Thursday, Feb 01, 2007
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LME aluminum prices are steady with talk that Guinea could face another national strike next week "spooking the market," a broker notes. "Aluminum's tight and another strike could create some further short-covering," he adds. Guinea is a key bauxite producer, a key ingredient in the production of alumina which in turns makes aluminum. LME aluminum trades last at $2,717/ton, up from $2,695/ton Wednesday.

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