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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Sterlite Industries India Limited announced the production of Vedanta Aluminium. During Q1, Lanjigarh refinery produced 218,000 tonnes of alumina with bauxite from BALCO and third party purchases. Aluminium production at Jharsuguda was 11% higher at 124,000 tonnes as compared with corresponding...
JPMorgan Chase increased their price target on shares of Century Aluminum Company (NASDAQ: CENX) from $6.00 to $7.00 in a research note issued on Wednesday. The analysts wrote, “Century continues to successfully turn around its two domestic smelters and for the second quarter in a row, we lift our...
Singapore aluminum premiums are holding steady at high levels amid thin trading as consumers limit their purchasing activity due to slow seasonal demand for end products. Premiums to London Metal Exchange three-month aluminum prices are stable around $170 a metric ton, level for the last two weeks,...
The cost paid to secure aluminium supplies in Europe has soared to record highs, with the metal still being used chiefly as a financing tool of choice for investors, leaving manufacturers and smaller merchants scrambling for stocks. Aluminium premiums - money paid over and above the benchmark...
State-owned National Aluminium Company (Nalco) expects to continue to rake in a premium over benchmark London Metal Exchange (LME) prices of aluminium by catering to demand from deficit regions. “We have contracted to sell a batch of up to 8,000 tonne of alumunium in Europe till February at a...
For aluminum market observers, 2012 has brought some interesting dynamics. Take for example prices – LME prices have hit a two-year low, while Midwest premiums have hit a high. Meanwhile China prices remain comparatively high. At the same time, lead times from LME warehouses continue to grow and...
Vedanta Resources said it has sold 3,000 tonnes of aluminium ingots at a premium of $220 a tonne over the London Metal Exchange (LME) price in the Asian market. India's state-run National Aluminium Company (Nalco) has also sold 8,000 tonnes of aluminium ingots at a premium of $202.80 per tonne...
London-listed mining group Vedanta Resources today said it has sold 3,000 tonnes of aluminium ingots at a premium of USD 220 a tonne over the London Metal Exchange Price in the Asian market. "Vedanta Group, India's largest Aluminium producer, has recently sold 3,000 metric tonne of Aluminium Ingots...
Japanese aluminium buyers, the world's biggest importers of the metal, locked up third-quarter supply deals mostly at a physical premium of $200-$210 per tonne, a record high, after global smelters cut output, four sources directly involved in the talks said. The premiums for July-September, which...
Asian aluminum premiums are expected to continue on their recent upward trajectory during the third quarter of the year due to supply constraints, market participants said Thursday. London Metal Exchange prices are below production costs for many smelters, making further cutbacks likely, and large...
US buyers could be forgiven for wondering what on earth is going on with aluminum prices. The LME quotation at $1950 per metric ton for cash and not much more for 3-month delivery is deeply in the global cost curve for aluminum smelters, suggesting a market in dire oversupply — a position supported...
Most Japanese aluminum premiums for the third quarter have been settled sharply higher than second-quarter levels due to tightening supply in the Asian market, suppliers told Dow Jones Newswires Monday. Suppliers and consumers have agreed on premiums between 200 U.S. dollars a metric ton and...
The discrepancy between low London Metal Exchange aluminum prices and record premiums for the metal will be among some of the topics discussed at a major metals conference taking place in Chicago next week. Consulting firm Harbor Intelligence is sponsoring its annual aluminum outlook conference in...
Aluminium yesterday traded with the positive node and settled 0.18% up at 108.45 but earlier in the data we have seen market falling to day's low of 106.60 as United States April factory orders unexpectedly and sharply fell. The debt crisis has been developing in several European countries. As the...
Midwest aluminum spot premiums rose to new highs this week, hitting 11 cents per pound as the contango on the London Metal Exchange continues to encourage traders to finance metal in warehouses, keeping supply tight. "The sky’s the limit," one trader told AMM, quipping that the Midwest premium was...
Aluminum buyers in Japan, Asia’s largest importer, agreed to pay a record premium to producers next quarter after global smelters cut output, according to five officials with direct knowledge of the talks. Premiums for the three months starting in July will be $200 to $210 a metric ton over the...
Aluminium edged up by 0.3% or Rs 0.35 at Rs 110.15 per kg with an intraday high at Rs 110.3 per kg and low at Rs 109.35 per kg on Monday, 28th May. Bargain hunting with 3.4% drop in its open interest to 2193 lots and the improvement in the risk appetite in the global markets favored the sentiment....
Premiums for imported primary aluminum products in the third quarter have settled at $200-210/mt plus LME cash CIF Japan last week, four Japanese market participants involved in the negotiations said Monday. One deal for over 500 mt/month of minimum 99.7%-grade primary aluminum ingot was confirmed...
