Tuesday, May 11, 2010

Alcoa (NYSE:AA), Century Aluminum (Nasdaq:CENX) Down on China Concerns

Alcoa (NYSE:AA) and Century Aluminum (Nasdaq:CENX) are down today as concerns over growing signals from China they are going to continue tighten fiscally has raw materials companies and investors concerned over the demand factor.

China has been raising interest rates can regulating their housing market in order to cool off the economy, which has become in danger of becoming a bubble that bursts.

Every commodity sector used for construction and building materials will be under pressure until the measures China takes, and their width and depth are more clear.

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