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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Alumina Limited released its full year 2017 results on Thursday, 22 February 2018. The company reported a statutory net profit after tax of US$339.8 million for the full-year 2017 in comparison to a net loss of US$30.2 million in 2016. Excluding special items net profit after tax would be US$363.1...
Benchmark aluminium price on London Metal Exchange dropped 0.58 per cent as inventory rose due to surging Chinese export. The light metal contract closed at US$2,129.50 per tonne on Monday, February 12, down from US$2,142 per tonne last Friday, February 9. Shanghai Metals Market forecasts that LME...
An optimistic forecast of import based on global trade data suggests that Middle East will import 1.4 per cent more alumina in 2018 than last year. The key Middle East countries which have been taken into consideration are- the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar, Egypt and...
LME aluminium remained almost unchanged over the weekend as dollar showed signs of reversal from its current lows. The light metal contract rose marginally from US$2,237.5 per tonne on Thursday, January 25 to close at US$2,238 per tonne on Friday, January 26. With the US dollar still staying in the...
After registering some gains at the start of the New Year, LME aluminium is on a downward trend driven by dollar’s uptrend and higher Chinese inventory. The support of the 10-day moving averages became weaker for LME aluminium and Shanghai Metals Market expects the light metal contract to trade at...
The demand for aluminium tubes and pipes is estimated to increase in foreseeable future because of continuous expenditure in sectors such as construction, building, transportation and others. Denmark’s aluminium tubes and pipes export, which was down last year, is expected to rise in 2017.Most of...
The Star reported that leader Universal Aluminium Sdn Bhd is aiming high to develop and position itself as one of the top five aluminium rod producers in the world within the next five years. Mr Alex Lim Weng Soon MD said the ongoing and new power-related infrastructure projects globally would push...
In absence of inventory support, which has been increasing of late and rising aluminium exports from China, LME aluminium failed to stay above the US2,000 per tonne mark. After rising to US$2,004 per tonne on Tuesday, December 12, the light metal contract again dropped to US$1,997 per tonne on...
A00 ingot prices in China are constantly falling after the winter cut started in November. Experiencing few significant drops since the last week of November, average A00 ingot price today stands at RMB 13,920/t. As updated by Shanghai Metals Market, the primary ingot price registered a drop of...
The month of November was marked by lower LME aluminium prices and on the whole aluminum prices decreased by 5.6% during this month. Aluminum prices rallied since August 2017 and broke the resistance levels. However, despite the price declines in November, the early days of December is showing some...
LME aluminium edged higher on Monday, November 4, after closing at US$2,046.50 per tonne on Friday, December 1. The light metal contract ended at US$2,052.50 per tonne yesterday. Analysts revised up their aluminium price forecast in Citi Annual Commodities Market Outlook 2018. They say LME...
LME aluminium slid further down. With the price support from two of aluminium’s key raw materials coal and alumina weakening, the light metal is unable to reverse the downtrend, even when aluminium stocks in LME warehouses are declining. On the other hand, demand growth has slowed down. All these...
Global aluminium producers are likely to experience solid financial recoveries in the year ahead, following years of financial austerity, as prices remain elevated, global research firm BMI said on Tuesday. This would result in targeted acquisitions of specific, value-added aluminium producers and...
Ge Honglin, chairman of Aluminum Corp of China or Chinalco, China’s biggest state-run aluminium producer said that consumption of aluminium is set to increase by 9-10 per cent in 2017 on the back of strong downstream demand. Aluminium demand is expected to grow faster than the country’s gross...
Alcoa Corp. sees Chinese cuts in aluminum production returning the global market to “relative balance” as the Asian nation’s supply-side reforms begin to bite. The largest U.S. aluminum producer reduced its global surplus forecast for the lightweight metal this year as China appears to be holding...
According to the latest Resources and Energy Quarterly for September 2017 by Australian Government's Department of Industry, Innovation and Science, World aluminium production increased by 5.8 per cent YoY in the first eight months of 2017, to over 40 million tonnes. Production growth was driven by...
Altech Chemicals’ managing director, Iggy Tan said global high purity alumina demand is expected to reach 86,831 tonnes per annum by 2024 growing from 25,315 tonnes per annum in 2016. The market will grow at a CAGR of 17 per cent driven by LED and lithium-ion battery segment growth. Global demand...
According to a recent study by Grand View Research Inc., the global activated alumina market is projected to reach US$1.32 billion by 2025 growing at a CAGR of 5.4 per cent. Growing demand from key end-user industries such as, Water Treatment, Oil & Gas will drive the growth in the market. A robust...
