Market transparency in the international aluminium industry

Dennis E. Morrison

Natural Resources Forum, 1993, vol. 17, issue 2, 143-150

Abstract: Transparency requires many buyers and sellers with transactions executed at arms length in an open environment. The paper highlights the influence on transparency of the ownership and production structure; price formation; and the nature of the product. The world aluminium industry is analysed in light of the above in view of the emergence of terminal markets for aluminium. The disjuncture between the interests of physical traders and those speculating futures contracts is analysed in terms of the latter's effect on investment. Finally, the benefits and difficulties associated with terminal markets are explored, trends in the aluminium industry reviewed, and a framework within which to cope with aluminium as a commodity is proposed.

Date: 1993
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1477-8947.1993.tb00169.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:natres:v:17:y:1993:i:2:p:143-150

Access Statistics for this article

More articles in Natural Resources Forum from Blackwell Publishing
Bibliographic data for series maintained by Wiley Content Delivery ().