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...
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Activity in the aluminum market is similar to nearly a month ago: prices and premiums rallied, the contango narrowed, and China looks more oversupplied with ingot. The LME cash price closed last week at $2,017/mt. It’s up over 20% from in early February which was a four-and-a-half-year low....
Aluminum shipments from China, the world’s largest producer and user, rose to the highest level in three years as higher prices overseas encouraged exports of the metal used in everything from aircrafts to window frames. China shipped 380,000 metric tons of unwrought aluminum and aluminum products...
China’s aluminum imports fell to 14,700 tonnes in June on rising aluminum premiums, Shanghai Metals Market learned. The 20.02% year-on-year and 38.92% month-on-month slump was largely the consequence of continuously rising aluminum premiums in international market. Aluminum premiums hit more than $...
Rexam Plc, the world's No. 2 drinks can maker by revenue, posted a 2 percent decline in underlying pretax profit for the first half of the year, hit by high aluminium premiums in Europe and a strong pound. Underlying pretax profit fell to 166 million pounds ($280 million) for the six months ended...
Press Metal Bhd’s (Press Metal) growth is set to gain stronger traction as London Metal Exchange (LME) aluminium prices consolidate and premiums hit record high. The aluminium company has also been viewed as ‘all geared’ to enjoy the fruit of years of aggressive investments in its world-class low...
The Aluminum cash-to-three-month contango on the LME remained pretty steady in the $40 to $50 range between July of last year and April, but since then there has been a marked surge in volatility that has left consumers puzzled as to what will happen next. First, physical delivery premiums soared...
Aluminum producer Norsk Hydro AS A's Chief Executive Svein Richard Brandtzaeg said that premiums for the physical delivery of aluminum had risen to record levels this year amid a tighter market, a rise that could continue for the rest of the year. "There's been a surplus situation for many years,...
Press Metal Bhd (Press Metal) will be a direct beneficiary of rising aluminium prices and premiums. AmResearch Sdn Bhd (AmResearch) noted that aluminium prices have reached a 17-month high due to low inventories, high demand and the cut in global capacity. On Monday, the London Metal Exchange (LME)...
The blue chip company, which produces 61 billion cans a year and counts Red Bull, Coca-Cola and PepsiCo among its customers, fell 16p to 520½p as Deutsche Bank cut its buy rating to hold. The broker believes Rexam’s earnings will have been given a boost from a strong performance in Latin America...
Aluminum premiums paid on top of prices on the London Metal Exchange are seen slumping 28 percent by year-end in the U.S. as wait times shorten for warehouse supplies, according to Lawrence Capital Management. The charge in the Midwest added to supplies for immediate delivery is forecast to drop to...
Aluminium settled down -0.22% at 114.15 slipped on Friday but still posted their biggest weekly rise in more than nine months, having earlier hit a four-month peak as U.S. jobs data boosted the demand outlook for industrial metals. Earlier this week prices gained as global aluminium producers have...
Global aluminium producers have done well to curtail output and also successfully ward off the challenge posed by the proposed rule change for London Metal Exchange (LME)-linked warehouses. In the June quarter, aluminium prices on an average have risen 5.3% over the preceding quarter. And a Reuters...
Aluminium producer Alcoa will in future warn investors about the risks proposed warehousing rules could pose to its business, saying they could affect its finances and the premiums it charges, according to correspondence with regulators. In a reply to queries from the US Securities and Exchange...
Japan's aluminium premiums for July-September shipments were mostly set at a record high $400-$408 per tonne, up 8-12 percent from the previous quarter, on higher overseas rates and solid local demand, sources directly involved in the talks said. Japan is Asia's biggest importer of the metal and...
Premiums paid to secure aluminum are poised to exceed $500 a metric ton as soon as the coming quarter on stronger demand and limited supplies, according to United Co. Rusal (486), implying a jump of at least 20 percent. At least 75 percent of stockpiles in London Metal Exchange warehouses are tied...
The top producers of aluminium have offered the Japanese buyers record premium of about $405-410 per ton for the period July-September’s shipments of primary metals, up by 9% from last quarter, said four sources who were involved in the quarterly pricing talks. Japan is the biggest importer of...
The cost at which physical aluminium is available in European spot market made a record rise this week as less supply forced the users to struggle for the metal, said traders on Tuesday. Premiums, paid over LME cash prices, have been trading at $380- $400 per ton in this week for duty-paid...
After prices of aluminium falling over 5+% in May, it witnessed a slight positive change towards 15th May, 2014. Since Friday last, prices of aluminium are seen trading at $1787, a rise by 0.87% from the last week’s close while the highest for the week was $1810. It was anticipated that prices...
