Portway Capital Foresee Aluminium Gains as Coal Prices Spiral

Released on: August 14, 2008, 11:53 pm

Press Release Author: Michael Brown

Industry: Financial

Press Release Summary: Portway Capital are enjoying a prosperous year-to-date,
particularly in the commodities sector, and it promises to get better as their
decision to buy heavily into Aluminium looks to have payed off .

Press Release Body: Rumors have persisted for over eighteen months now that Portway
Capital have been steadily amassing a strong position in the commodity, on the basis
that the energy-intensive production of the metal will come to represent an
intolerable cost burden as the global supply deficit for coal, the carbon-based fuel
source used in the extraction of aluminium from its unrefined ore.

The global coal shortage is no secret today, and when message boards were previously
rife with rumors linking Portway Capital to heavy buying of aluminium, 'statements'
universally cited an inside report from 2007 stating the demand for coal worldwide
will outstrip supply by 25 million to 35 million tonnes, with that number expected
to grow steadily through 2010.

More recently, Portway Capital have received further good news in the form of an
announcement from Chinese Authorities that the country\'s top 20 aluminum producers
announced a collective agreement recently to curb aluminum production by 5%-10%. It
is understood that the combined production cuts may total 400,000 tons this year.
This, combined with several recent supply dispruptions, due mainly to sporadic
weather and the China Earthquake, must surely give the shareholders of Portway
Capital reason for optimism.


Web Site: http://www.portwaycapital.com

Contact Details: Michael Brown
news@pr-newsnow.info

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