The global aluminium extrusion market is entering a sustained growth phase, driven by construction, transportation, renewable energy and advanced manufacturing. This overview covers market structure, segmentation, cost drivers and the strategic trends expected to shape the industry through 2035....
MCX aluminium prices are entering the second half of August with supply-side risks once again becoming a key market driver. ICICI Direct expects the August aluminium futures contract to find support near INR 344 per kg and move towards INR 356 per kg. Aluminium has been through a sharp...
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“Press Metal Aluminium Holdings Bhd is expected to post stronger earnings in the next two years as aluminium prices are likely to strengthen on better demand,” according to UOB Kay Hian Research. The research firm has increased its earnings forecasts for Press Metal for the financial years ending...
Fitch Solutions Country Risk and Industry Research says: “New projects coming on line in key producers Guinea, Indonesia and Australia, as well as a ramp-up in Indian and Indonesian production, will drive rapid production growth of bauxite in 2021.” The bauxite mining sector of Australia...
Aluminium is forecasted to become the most liquid commodity in the third quarter of 2020 along with the increase that developed in the majority of other commodities. Ibrahim Suabi, Director, TRFX Garuda Futures stated that among other metal commodities, aluminium has a consistent strengthening...
Aluminium demand is likely to rebound in the second half of 2020 as China’s economy has begun to revive leading to the global recovery from the COVID-19 pandemic. But the overcapacity may continue to pose challenges to the industry, pointed out Alcoa CFO William F. (Bill) Oplinger in early June....
Kaiser Aluminium the American aluminium producer slashes its 2020 revenue forecast from the airline industry. The aluminium company has dropped its forecast for revenue from the commercial airline industry this year as a sharp decline in air travel due to the COVID-19 pandemic and a slip down...
Not even a month or two went by this year, the aluminium industry started facing a brand new challenge in the form of COVID19, followed by some of the severe impacts at its prices, demand, and consumption in the year last due to the US-China trade tensions, US aluminium import tariffs, and the...
Owing to weaker aluminium prices due to the COVID19 pandemic, Press Metal Aluminium Holdings Bhd has reportedly revised its forecasts for financial years 2020-22. For FY20, the company has cut its net profit forecasts by 29 per cent to RM 415.5, and for FY21 and FY22, 12 per cent and 13 per cent to...
Azerbaijan, a country positioned at the junction point of south-western Asia with south-eastern Europe, north of Iran and south of Russia. It shipped $19.6 billion worth of goods around the globe in 2019. The US dollar amount reflects a -55.3% decline since 2015 and a -0.9% increase from 2018 to...
Norway is ranked as the fourth largest aluminium exporter in the world and has occupied a 5.8% share of a worldwide export market that is worth $41.7 billion annually. Norway’s total aluminium export from 2017-19 was recorded at 4.55 million tonnes. The export forecast for 2020 has been at 1.3...
The economic downturn in many regions of the world, particularly in China, combined with trade issues raised by the US, resulted in significant slow-down in aluminium demand in 2019. Contrary to our expectations at the beginning of the year, the demand growth was barely 0.5% in 2019, owing to weak...
After recapitulating the aluminium industry market in the year gone by, now it is the time to speculate how the earlier investments, policy changes, and price trend is going to transpire the market this year. This is the reason why AlCircle has recently launched a report “Global Aluminium Industry...
The Canadian aluminium industry is in for a slump year as the demand for the metal is projected downswing. Mr Jean Simard, CEO and President, Aluminium Association of Canada communicated that global overproduction of the metal combined with a general economic slowdown around the world, and the...
The automotive industry is the Czech Republic's largest industry and the other key sectors in the region include machinery, iron and steel production, metallurgy, chemical production, electronics, transport equipment, textiles, glass, ceramics, defence and pharmaceuticals. The importation of the...
AlCircle has come up with a new report “Global Aluminium Industry Outlook 2020” two weeks after the launch of Aluminium Industry Recap 2019. The year 2019 saw economic downturn in many regions of the world, particularly in China, combined trade issues raised by the US, resulted in significant...
Alcoa, the American primary aluminium smelter, forecasts growing demand for aluminium in 2020 after a downtick in 2019 that accorded to its $1.1 billion loss for the year. The global aluminium demand is projected to grow between1.4-2.4%, improving from a 0.2-0.4% decline in 2019 by Alcoa. The...
Shanghai Metals Market expects China’s primary aluminium production to be rebounded banking on new or recommenced smelting projects, while consumption to gather some pace with anticipated recovery in the automobile industry and building and construction sector. In 2020, China’s primary aluminium...
Primary aluminium production in China stood at 35.43 million tonnes in 2019, a drop of 1.84% year-on-year, showed Shanghai Metals Market survey. The consumption declined by 1.4% YoY to stand at 36.11 million tonnes. Inventories stood at 686,000 tonnes. In December, primary aluminium output totalled...
Shanghai Metals Market predicts Chinese aluminium scrap prices to fall after resuming from the Chinese New Year Holiday in late January, as fresh import quotas are expected to ease supply shortages and ensure demand in the first quarter of 2020. On Monday, December 23, China’s environmental...
