Major aluminium producers have offered Japanese buyers premiums of USD 310-325 per tonne for primary aluminium shipments in the October-December quarter. The bar is 18-22 per cent lower than the USD 395 per tonne premium agreed for the current July-September quarter. The premium paid by Japanese...
Canada will raise tariffs on US steel and aluminium to 50 per cent from September 8 as part of a CAD 27.6 billion (USD 19.88 billion) retaliatory package, while Ottawa introduces CAD 7.5 billion (USD 5.4 billion) in support for workers and businesses affected by the trade dispute. Canada will...
Grow with
AL Circle
China imported 17,500 mt of primary aluminum in April, down from a year ago, but up 65.09% MoM, customs data showed. The SHFE/LME aluminum price ratio climbed from 7.1 in early March to 7.5 in April, favoring aluminum imports. In addition, overseas aluminum premiums continued falling, with premiums...
Aluminum producers are expected to be under increasing pressure as the aluminum ‘all-in’ price (London Metal Exchange cash price + premium) has fallen over the last few months on the back of lower global premia, while the LME aluminum cash price has largely remained unchanged. LME cash price has...
The Naita land owning unit of Lekutu, Bua to date received a total premium of $200,000 from bauxite mining works on their land. Lekutu landowner Tevita Raiova said the premiums covered the roads, land lease and bauxite ore extracted from their land. Mr Raiova confirmed they were yet to receive...
CSR's building products arm reported an 18 per cent rise in revenue to $1.2 billion and a 31 per cent rise in earnings before interest and tax to $121 million. The struggling Viridian glass division returned to profitability with EBIT of $3.1 million compared with last year's EBIT loss of $14.9...
The nonferrous market in Europe may be finding some solid footing, which could be good news for the overall health of most nonferrous metals markets there. One sticking point continues to be China, which continues to send mixed signals on its economy. For aluminium, after a modest price rally, the...
Japan’s spot aluminum import premiums held at $240-250/mt plus London Metal Exchange cash, CIF Japan, Monday, in thin trade as market participants closely monitored the LME price moves. Twelve Japanese buyers and three overseas sellers contacted Monday reported no deal, offer or bid, and Platts...
Noranda, along with its results, also declared that its Board of Directors has declared a regular quarterly dividend of $0.01 per share which will be paid on June 10, 2015 to shareholders of record as of May 18, 2015. The Board intends to maintain this dividend in all the future quarters on a...
More available aluminium means the surcharges that U.S. consumers pay are narrowing into line with costs paid in Asia and Europe, and the regional gap could be closed by the end of the year. Strong U.S. demand for aluminium used in transport and packaging, long queues to get material out of London...
U.S. aluminum premiums have plunged by as much as 20 percent in the past week, reaching their lowest in more than a year as imports flood into the last remaining bright spot in a worsening global market. Premiums paid for physical delivery on top of the London Metal Exchange benchmark have sunk to...
Beverage can maker Rexam PLC on Tuesday said it is trading in line with expectations, with can volumes higher in the first quarter, boosted by a good performance in Europe but offset by softer conditions in the Middle East and North American markets and a slowdown in South America, though the group...
Despite surging new home building, tumbling aluminium premiums have cast doubts over CSR's earnings prospects ahead of the building products group's full-year result next month. As the Australian economy struggles to find growth to replace dwindling mining investment, new home building has been a...
China’s government would remove export taxes on bars and rods of primary aluminium and aluminium-alloy from May 1, 2015, according to China daily. Kenanga Research said this would have a negligible impact on Chinese exports and aluminium premiums in Europe and US in the near term. It explained that...
Car frames, soda cans and bicycles are becoming less expensive to produce as manufacturers pay the smallest premiums in almost three years to secure aluminum. The surcharge added to the cost of metal for immediate delivery on the London Metal Exchange will probably fall as much as 46 percent in the...
Surcharges for physical aluminium in Europe have spiralled down by nearly half, good news for industrial consumers such as beer can makers which had bitterly complained about warehouse backlogs of up to two years for delivery of the metal. The unraveling of financing deals at warehouses, together...
South Korea's Public Procurement Service (PPS) paid a premium of $223 per tonne in its latest aluminium tender, almost a third less than a month ago, highlighting an accelerating collapse in global premiums as supply swells. PPS's purchase of 2,000 tonnes of Australian aluminium for shipment by...
China imported 6,607 mt of primary aluminum in February, plummeting 88.44% YoY, but up 26.66% MoM, customs data showed. The SHFE/LME aluminum price ratio rose to 7.4 from 6.7 in late 2014 as stockpiling by Chalco and other smelters allowed SHFE aluminum to stay firm. Besides, flooding of Chinese...
The French Bank Natixis in its latest research report forecasts LME Aluminium price to average around $1,840 per mt in 2015. The prices are likely to move higher in 2016 to average around $2,000 per mt. In its metals review for H1 2015, Natixis forecasts a tug of war between positive and negative...
Japan's aluminum premiums for April-June shipments were mostly set at $380 per metric ton, down for the first time in six quarters on higher inventories and slumping spot premiums, six sources directly involved in the talks said. Japan is Asia's biggest importer of the metal and the premiums for...
