Goldman Sachs has cut its forecast for high primary aluminium prices between now and 2013 by more than 6% on concerns about rising Chinese production and expectations of weak economic growth in developed economies. The bank lowered its forecast for aluminium prices in 2011 to $1.16 per Ib ($2,557 pertonne) from $1.18, dropped its 2012 estimate to $1.18 per Ib ($2,601 per tonne) from $1.28 per Ib and reduced its 2013 prediction to $1.22 per Ib ($2,866 pertonne)from $1.30 per Ib.
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