Commodity trader Trafigura has built significant long positions in London Metal Exchange (LME) aluminium futures, adding to pressure in a market facing its tightest supply conditions in decades. The purchases are understood to aim to secure physical aluminium, as exchange inventories have fallen to their lowest level since 1990. LME aluminium stocks currently stand at 226,350 tonnes. At the same time, the premium for contracts due for delivery in the near term over those with later delivery dates has reached its highest level in decades. Several large long positions are also in place ahead of the November contract's expiry. Although these positions are not at record levels, they are substantial compared with the metal available in LME warehouses. Explore the production, demand and...
The London Metal Exchange (LME) aluminium price chart reported sharp declines on the November 12 trading session after a temporary surge at the November 11 close. While cash plunged over 2 per cent, both near-term and longer-dated contracts posted over 1 per cent dip over the previous session. The LME aluminium cash bid as well as offer prices contracted 2.11 per cent day-on-day on November 12. The bid shifted from USD 3,223 per tonne to USD 3,155 per tonne. The offer price dipped from USD 3,223.5 per tonne to USD 3,155.5 per tonne. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid and offer prices on November 12 reported a 1.04 per cent...
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Jul 20, 2009 ... Two tonnes of alumina are normally needed to make one tonne of primary aluminium in China, the world's top producer of the metal. ...
Jul 20, 2009 ... LONDON, July 20 (Reuters) - Global daily average primary aluminium output excluding China fell to 63300 tonnes in June from 63600 tonnes in ...
Jun 10, 2009 ... Alcoa Inc., the biggest U.S. aluminum producer, gained 1.8 percent to ... one of 16 primary dealers required to bid at government auctions. ...
Jun 23, 2009 ... bristling with 48 burnished- aluminum ducts that together house 192 separate laser ... In fact, NIF's primary mission is to shed light on ...
Jul 12, 2009 ... Alcoa, a producer of primary aluminium and supplier of aluminium products for the automotive industry, posted a significant decline in sales ...
Jul 8, 2008 ... MONTEREY, CA, Jul 08 (MARKET WIRE) -- Century Aluminum Company (NASDAQ: CENX) announced today an agreement with Glencore to unwind all of ...
Apr 8, 2009 ... Mr Bin Kalban said that ???Dubal has evolved into a global player with a smelter of capacity of 960000 tonnes primary aluminium per year.??? ...
Jun 29, 2009 ... Novelis supplies premium aluminum sheet and foil products to automotive, ... ( C ) Ingot products include primary ingot in Brazil, ...
Jul 3, 2009 ... Jordan bylaw · Matoush intercepts · Lake Maitland Mega boost · Primary uranium confirmed at Marenica · East resource nearly doubles Four ...
Jun 21, 2009 ... Inbound shipments of primary aluminum , refined zinc and lead in May all retreated from record levels in March or April, customs data showed. ...
Jul 4, 2009 ... taking the form of garish, primary -coloured and box-fresh ... a caterpillar jammed through the rungs of an aluminium stepladder, ...
Jul 8, 2009 ... one of the 17 primary dealers required to bid at Treasury auctions. ... Alcoa Inc., the largest aluminum producer in the U.S., ...
Mar 16, 2009 ... A number of manufacturers are using 356 secondary aluminum mixed with primary aluminum to help lower costs, while still maintaining a ...
May 22, 2009 ... Imports of primary aluminum surged to 362400 tons, about four times the volume in March. China's urban fixed-asset investment climbed 30.5 ...
Jul 8, 2009 ... in New York at primary dealer Jefferies Group Inc., in a note to clients. ... Alcoa Inc., the largest aluminum producer in the U.S., ...
Jul 10, 2009 ... Matoush intercepts · Lake Maitland Mega boost · Primary uranium confirmed at Marenica · East resource nearly doubles Four Mile ...
Jul 5, 2009 ... which take Mondrian's primary -colour abstraction as their ... in which Gormley uses 12 kilometres of aluminium tubing to create a ???three ...
Jul 8, 2009 ... according to Barclays Plc, another primary dealer. ... and workforce reductions helped the largest U.S. aluminum producer save money. ...
