Better outlook for aluminium

Higher prices on the world markets for metals and a stable US dollar exchange rate, have improved the outlook for the aluminium industry, Bergens Tidende reports. The price for aluminium has increased from less than USD 1500 per ton in March last year to USD 2300 per ton this year. However, it is still well below the top price of USD 3300 per ton a year ago. Still, the major aluminium suppliers now see the possibility of re-opening closed-down production capacity. Communication director Hallvor Molland of the Norwegian aluminium producer is optimistic, but says more than a period of higher prices is needed, before celebration is in order. Hydro is a global supplier of aluminium and aluminium products, and the third-largest integrated aluminium supplier in the world.