When we first recommended Tesla (TSLA) in May 2013, we heard Elon Musk mention that the extensive use of aluminium was a critical decision for the success of the Model S. Now it seems that Ford’s F-150 pickup truck, the “best selling vehicle in North America by a large margin,” will soon be offered in aluminium as well.
LME Aluminum Hits 18-month High on U.S. Data
Ese Erheriene, 8/29/14
LONDON–Aluminum hit an 18-month high for the third session this week at the close of London Metal Exchange trade Friday, reaching levels not seen since 2013, as signs of stronger U.S. economic growth could help boost demand.
The base metal closed up at $2,095 a metric ton at the PM kerb close, surpassing the highs of $2,083 on Tuesday and $2,086 on Wednesday. In February 2013, aluminum peaked at $2,168.
“The story of this week is aluminum,” said Stephen Briggs, an analyst at BNP Paribas.
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