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LME aluminum should fluctuate between USD 2,030-2,070/mt on 25th Feb: SMM Morning Review
25 FEB 20131MINS

LME aluminum should fluctuate between USD 2,030-2,070/mt on 25th Feb: SMM Morning Review

The European Commission predicted last Friday that the euro zone’s economy will shrink 0.3% in 2013, down from its earlier forecast. The ongoing general election in Italy will add uncertainties to the European economy. As a result, the US dollar rose against the euro, causing LME aluminum prices to...

UK secondary aluminium ingot prices rise on continental pressure
24 FEB 20132MINS

UK secondary aluminium ingot prices rise on continental pressure

UK secondary aluminium ingot prices rose on Wednesday February 20, under pressure from the tight scrap market and European ingot prices, after the stronger euro saw export prices rise above domestic UK levels. The euro was trading at about 1.145 to the sterling on Wednesday, after peaking above...

Barclays shows concern over weak numbers for Aluminium demand
24 FEB 20132MINS

Barclays shows concern over weak numbers for Aluminium demand

On the demand side, the most recent numbers have been uninspiring for Aluminium, said Barclays in a report. In Europe, Japan and the US, data displayed sequential weakness in shipment levels into year-end, although an up -tick in regional premia in January, alongside some positive auto data in the...

Crunch meeting set over future of Anglesey Aluminium
21 FEB 20132MINS

Crunch meeting set over future of Anglesey Aluminium

A crunch meeting on the future of Anglesey Aluminium’s remaining workforce was cancelled last week, but is due to take place this Friday. But some of the remaining workers are already leaving, with the actual decision to close down the aluminium re-smelting line, still not been made by the company....

European secondary scrap prices are increasing constantly
20 FEB 20132MINS

European secondary scrap prices are increasing constantly

European secondary aluminium ingot prices rose on Friday February 15, though producer margins remained under severe pressure as scrap prices also increased. “The scrap issue is really tough, and some companies are having financial difficulties,” a producer said. “The margins are so low that...

Short term delivery requests affecting aluminium foil manufacturers, says EAFA
19 FEB 20131MINS

Short term delivery requests affecting aluminium foil manufacturers, says EAFA

Short term delivery requests are continuing to affect production and planning of European manufacturers, according to the European Aluminium Foil Association (EAFA). The year ended with total production of aluminium foil products up 2.1% at 818,400t compared to 2011 levels of 801,600t and...

Aluminium Foil Deliveries in Europe positive in 2012, optimistic outlook for 2013
13 FEB 20132MINS

Aluminium Foil Deliveries in Europe positive in 2012, optimistic outlook for 2013

The moderate increase in demand and deliveries for aluminium foil products from European manufacturers, seen during the first three quarters of 2012, was maintained in Q4. The year ended with total production up 2.1% at 818,400t (2011: 801,600t) according to the European Aluminium Foil Association...

Talks over future of jobs at Anglesey Aluminium
13 FEB 20132MINS

Talks over future of jobs at Anglesey Aluminium

A crunch meeting will take place today to discuss the future of the last remaining 80 jobs at Anglesey Aluminium. A spokeswoman for the firm confirmed the business is currently consulting with workers and unions over the losses. Holyhead Mayor Cllr Jean Williams said: “This is a shock. We can’t...

Mulk Holdings inaugurated Phase 1 of its $20m factory in Serbia
11 FEB 20132MINS

Mulk Holdings inaugurated Phase 1 of its $20m factory in Serbia

Sharjah-based diversified conglomerate Mulk Holdings has recently inaugurated the Phase 1 of its Dhs73m ($20m) factory in Serbia, marking a major investment by a UAE-based company in Europe. The initial production capacity of 3,000,000 square metres marks an investment of Dhs20m at a 10-acre site...

A good recycling performance for aluminium closures
08 FEB 20132MINS

A good recycling performance for aluminium closures

Aluminium can be recycled over and over without any loss of quality. This is also true for aluminium closures used for wine, spirits, water and olive oil. Throughout Europe on average 40 per cent of aluminium closures are currently recycled. The advantage of aluminium closures is that they can be...

European banks begin trading swaps designed to protect aluminium users
08 FEB 20134MINS

European banks begin trading swaps designed to protect aluminium users

Banks in Europe have begun trading swaps designed to protect industrial users of aluminium - who already have to pay steep premiums above the London Metal Exchange (LME) cash price to get hold of metal - from yet bigger surcharges. Banking and industry sources say customer enquiries on using the...

Novelis criticizes LME for monthly Aluminum Price Index Drop
07 FEB 20132MINS

Novelis criticizes LME for monthly Aluminum Price Index Drop

The monthly Aluminum registered a value of 98 in February, a decrease of 1 percent from 99 in January. The aluminum price index fell on the back of softer China pricing for primary aluminum and billet and for European semi-finished products. “We continue to have an interesting situation with...

European 1050 Aluminum Price Down
07 FEB 20131MINS

European 1050 Aluminum Price Down

After falling 5.3 percent, European 1050 aluminum landed below $3,000 per metric ton, making it the biggest mover on the weekly Construction MMI. Meanwhile, Chinese aluminum bar prices held steady from the previous week. The Chinese low price of 62% Australian iron ore fines rose 0.9 percent over...

LME aluminum prices closed at USD 2,102/mt on 6th Feb: SMM Morning Review
07 FEB 20131MINS

LME aluminum prices closed at USD 2,102/mt on 6th Feb: SMM Morning Review

Risky events in Europe, including the corruption scandal of Spanish prime minister and the rising support for Italian former prime minister Berlusconi fueled market concerns overnight, driving the US dollar index to grow and LME aluminum prices to fall below USD 2,100/mt during the European trading...

LME aluminum prices moved up to the 5-day moving average to close at USD 2,118/mt on 5th Feb: SMM Morning Review
06 FEB 20131MINS

LME aluminum prices moved up to the 5-day moving average to close at USD 2,118/mt on 5th Feb: SMM Morning Review

The political issue in Italy and Spain weighed down base metals on Tuesday. However, as the eurozone service PMI for January improved and the IBD consumer confidence index for February also increased, LME aluminum prices moved up to the 5-day moving average during European trading session and...

European prices fall big on the week
04 FEB 20131MINS

European prices fall big on the week

European 5083 plate finished as the week’s biggest mover on the weekly Aluminum MMI® after dropping 5.5 percent. European 1050 aluminum weakened by 5.3 percent. Korean 3003 coil premium over 1050 sheet traded sideways last week. Korean 5052 coil premium over 1050 sheet prices held steady from the...

New design solution for the aluminium tube
31 JAN 20131MINS

New design solution for the aluminium tube

The YOUR TUBE AWARD competition, held for the very first time in 2012, presents new, attractive design solutions for the aluminium tube: In a six-month submission phase the Aluminium Tube Committee of the European Tube Manufacturers Association (ETMA) looked out for outstanding and innovative...

Japan's aluminum alloy import from China drops but from Europe surges in 2012
30 JAN 20132MINS

Japan's aluminum alloy import from China drops but from Europe surges in 2012

Japan's imports of aluminum alloy from China fell last year, while European countries like Spain and Italy were seen sending more of the product into Japan, customs data released Wednesday showed. Japan imported 367,279 mt of aluminum alloy from China in 2012, down 19% from 446,134 mt imported in...