Metals & mining (diversified) industry
Article Abstract:
Prices for aluminum decreased in 1998 due to low demand, the weak economic conditions in Asia and higher inventories, but Reynolds Metals Co and Alcoa had strong earnings for the year in spite of this. Copper industry stocks have reached their lowest timeliness ratings for a decade as copper prices in late 1998 were 20% less than the year before, and the economic environment for copper is not good, either. Investors should avoid both copper and aluminum stocks in 1999.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
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Metals & mining (diversified) industry
Article Abstract:
Aluminum demand has had an annual 5% increase since the early 1990s, and capacity is forecast to remain about the same. However, the industry is untimely in the late 1990s due to the Asian financial crisis. The copper industry is also untimely in the late 1990s and is unfavorably ranked, with weak demand and increased supplies. With a few exceptions investors should avoid stocks in either the aluminum and copper industries in the 1990s.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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