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...
Grow with
AL Circle
The leading Indian rating agency ICRA said on Tuesday that it expects the global aluminium deficit to widen this year on the back of Chinese production drop which may total up to 4 million tonne due environmental crackdowns. The agency said that base metal prices which are currently on an upward...
LME aluminium strengthened further as positions dropped sharply. The light metal contract rose to US2,164 per tonne on Wednesday, September 20, up from US$2,490 per tonne on Tuesday, September 19. The U.S. Federation decided to keep the interest rate unchanged, but sounded hawkish on rate hike...
Tajikistan is considering increasing the production of primary aluminium in 2017. The country’s exports of raw aluminium represent 30.4% of the total exports. Turkey is one of the main consumers of country’s aluminium. The country’s largest state-owned company Tajik Aluminium Company (TALСO) has...
Seeking support from the rising aluminium contracts traded at Shanghai Futures Exchange (SHFE), aluminium prices at London Metal Exchange rose from its current lows of US$2,072 per tonne to US$2,100.50 per tonne on Monday, September 11. Reuters’ technical analysis suggests that LME aluminium will...
AlCircle had the privilege to have an interview with Mr Oleg Mukhamedshin , Deputy CEO, Director for Strategy, Business Development and Financial Markets of Rusal, the world’s second largest aluminium producer. He spoke at length about Rusal’s current project and strategies and the global aluminium...
In a sign of the prevailing bearishness, LME aluminium dropped marginally from its earlier close of US$2,075 per tonne on Thursday, September 7, to US$2072 per tonne on Friday, September 8. According to the Shanghai Metals Market forecast, the light metal contract will drop further into the range...
LME aluminium prices are set for further correction. The light metal contract which closed at US$2,082 per tonne on Tuesday, September 5, came down by 0.6 per cent to close at US$2,069.50 per tonne after night trading on Wednesday, September 6. Reuters’ technical analysis suggests that LME...
LME aluminium seems to have temporarily reversed its uptrend though it is too early to predict a direction. The light metal contract dropped to US$2,082 per tonne after night trading on Tuesday, September 5, down 0.64 per cent from its earlier close of US$2,095.5 per tonne on September 4. Reuters’...
LME aluminium strengthens again. The light metal contract which closed at US$2,066.5 per tonne on Wednesday, August 30, edged higher to close at US$2,113.5 per tonne on Thursday, August 31. According to Shanghai Metals Market forecast, LME aluminium may continue to hover at highs in the short term...
LME aluminium seems to be somewhat losing its steam. The light metal which closed at US$2096.50 last Friday, August 25, dropped to US$2,092 per tonne on Tuesday, August 29. As per Shanghai Metals Market forecast, LME aluminium will continue to move widely around the 5-day and 10-day moving averages...
LME aluminium remained unchanged at US$2,096.50 per tonne till yesterday, August 28, as London Stock Exchange was closed due to summer bank holiday. On resuming trading today, the light metal contract is expected to fall in the range of US$2,060-2,085 per tonne. As per Shanghai Metals Market...
<p>LME aluminium inches higher again and is back to where it was a couple days before. The light metal contract after dropping to US$2,082.50 per tonne on Wednesday, August 23, rose back to US$2,105 per tonne on Thursday, August 24. However, this rise is unlikely to extend in the short term....
<p>On failing to break a key resistance at US$2,125 per tonne, LME aluminium retraced to US$2,080 per tonne level. The light metal contract closed at US$2,082.50 per tonne on Wednesday, August 23, coming down from its earlier high of US$2,104.50 per tonne a day before. According to Shanghai...
<p>After a temporary dip below US$2,100 per tonne mark, LME aluminium is back to where it was last week. Drawing support from positive market fundamentals the light metal edged higher to US$2,104.50 per tonne after night trading on Tuesday, August 22, from the earlier close at US$2,084.50 per tonne...
<p>The upward momentum in LME aluminium prices is likely to slow down this week. The bullish sentiment that prevailed last week with investors flooding in the market is settling down. LME aluminium which had closed at US$2,104 per tonne last Friday, August 18, came down to US$2,084 per tonne on...
<p>The uptrend in LME aluminium is continuing. The light metal shone bright sharing the sheen on other base metals and closed at US$2,075 per tonne on Wednesday, August 16, rising from its earlier close of US$2,056 per tonne on Tuesday, August 15. Shanghai Metals Market forecast says LME aluminium...
<p>LME aluminium after testing an upper-end support at US$2,046 per tonne surged to cross the US$2,050 per tonne mark and closed at US$2,056 per tonne on Tuesday, August 15. The light metal rose by 1.28 per cent from its earlier close at US$2,030 per tonne on August 14. According to Shanghai Metals...
<p>LME aluminium gave up some its recent gains and dipped slightly as the dollar bounced back and the market started digesting the news of Chinese aluminium capacity cuts. The light metal closed at US$2,030 per tonne on Monday, August 14, down from its earlier close of US$2,040.50 per tonne last...
