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A 10-year metals slump could be almost over

alcoa aluminum worker inspect

As China works to reduce pollution and energy costs, aluminum manufacturers have the opportunity to end a decade-long slump.

A report from Morgan Stanely suggests that new environmental policy and financial conditions could dramatically cut aluminum production in China, providing opportunities for metals and mining companies elsewhere in the world.

Researchers at Morgan Stanley estimate that stocks in metals manufacturers Alcoa, Nanshaan, Chalco, Norsk Hydro, South32, Hindalco, and Vedanta are overweight and carry a 23% average upside potential.

A reduction in China’s aluminum production would be welcome among metals and mining producers, since this would open a door for companies around the read more >>>

Source:: BusinessInsider.Com

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