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Aluminum worth after(prenominal)wards 1993 The spare-time activity graph is the historic price of aluminum quoted at LME. The info is quarterly averaged and downloaded from the IFS database of IMF. As you can see, the price after 1993 is almost above its diachronic average over 1965Q1~2007Q1, which is 1275 US/MT as the flock line in the graph. 3200 2800 2four hundred 2000 1600 1200 800 four hundred 1965 ALUMINUM 3200 2800 2four hundred 2000 1600 1200 800 400 1970 1975 1980 1985 1990 1995 2000 2005 This essentially reflects two things. First, the demand for aluminum is rebounded. Second, the value of US dollars is declining, in particular in the recent 5 years. 2800 ALUMINUM(L) 2400 USD(R) one hundred thirty 140 2000 120 1600 110 1200 100 800 90 400 1965 80 1970 1975 1980 1985 1990 1995 2000 2005 As shown in the above graph, the USD weighted index is typically negative correlated to the price of aluminum. The reason is barely that the price of aluminum is quoted by USD. Nevertheless, the aluminum is a mean(prenominal) good, so that its real price should be co-moving with the economic growing. The following graphs of gross domestic product growth rates put forward some evidence of this conjecture. The data is from the WDI dataset of World Bank. Clearly, the first breaker point over 1987~1989 is mainly due to the world expansion and, of course, part reflecting a weak USD.

However, the warrant peak now (and manifestly not ended) is sustained by the strong economic growth of EA&political action committee (East Asia and Pacific) countries, particularly of China . 2800 2400 2000 1600 1200 800 400 1965 280! 0 2400 2000 1600 3 1200 800 400 1970 1975 1980 1985 1990 1995 2000 2005 2 1 0 1965 3 2 1 0 1970 1975 1980 1985 1990 1995 2000 2005 7 6 5 4 7 6 5 4 ALUMINUM 7 6 5 4 3 2 1 0 1965 7 6 5 4 3 2 1 0 1970 1975 1980 1985 1990 1995 2000 2005 14 12 10 8 6 4 2 0 -2 1965 1970 1975 GDP__WORLD 14 12 10 8 6 4 2 0 -2 1980 1985 1990 1995 2000 2005 GDP__OECD GDP__EA&PAC What will be the story of aluminum price after 2007? Maybe the next two graphs of private...If you want to get a full essay, order it on our website: BestEssayCheap.com

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