MARKET TALK: Aluminum To Slip On Slow Demand, Supply Hike

Aluminum prices likely still have more significant downside risk, as supply expansions exacerbate the moderation in demand, says Goldman Sachs. Notes that high prices and improved availability of alumina have motivated the restart of previously idled smelter capacity, generating near-term surpluses in the metal. London Metal Exchange aluminum trades at $2,719 a metric ton, steady overnight but down 4% since the start of the year.