ALUMINUM INDUSTRY – – LOWER LONG-TERM “NORMAL” PRICE ESTIMATE TO $1.20 AFTER 2017 FROM $1.27 AFTER 2014 DUE TO “SHALE GAS” SURPLUS THAT LOWERS THE MARGINAL COST CURVE + BUILDING EXCESS STOCKS 1/22/2012

ALUMINUM INDUSTRY – – LOWER LONG-TERM “NORMAL” PRICE ESTIMATE
TO $1.20 AFTER 2017 FROM $1.27 AFTER 2014 DUE TO “SHALE GAS” SURPLUS
THAT LOWERS THE MARGINAL COST CURVE + BUILDING EXCESS STOCKS 1/22/2012