Network Metals LLC

We saw this on Reuters today: “Analysts estimate the production of one million cars in the United States would need about 150,000 tons of aluminum, while 1.5 million cars would need 225,000 tons. Booming car sales in top aluminum consumer China form part of the equation: car sales in China rose an annual 47.7 percent to 872,900 units in June as government stimulus boosted demand.” This means that in order for just half of the current LME stocks to be consumed, the Global Auto industry would have to produce an additional 15 million cars! So please stop believing the world of analysts that say the increase in auto production is spurring the price of aluminum. Prices for metals are now being driven by speculation and a weak dollar- not demand.