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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<p>LME aluminium is heading towards a volatile phase. With uncertainty brewing in the oil market due to souring political relationships among countries in the Middle East and North Africa (MENA), the light metal commodity is likely to experience a bumpy ride ahead. Saudi Arabia, Bahrain, Egypt and...
<p>The new research report published by Technavio forecasts firm growth prospects to global aluminum scrap recycling market over the next four years. The report predicts compounded annual growth rate (CAGR) of 7.59% during 2017 to 2021. The global recycling market of aluminum scrap is predicted to...
<p>LME aluminium reversed the temporary drop and regained its upward momentum as the US dollar index weakened further after the release of not-so-inspiring Fed’s May policy meeting minutes. The light metal traded globally closed at US$1,944 per tonne on Wednesday, May 24, rising 0.93 per cent...
<p>LME aluminium has picked up the pace. The light metal which was trending low a week ago has gained momentum on news that the OPEC countries may extend their oil output cut agreement. LME aluminium rose 0.25 per cent from its previous close of US$1938 per tonne to close at US$1,943 per tonne on...
<p>LME aluminium ended last week on a high. The light metal traded globally jumped to US$1,938 per tonne on Friday, May 19, the highest in the month so far. The 1.73 per cent rise in LME aluminium price from the previous close of US$1,905 per tonne can be partly attributed to the weak US dollar...
<p>LME aluminium gave up its recent gains and dropped to US$1,905 per tonne Thursday, May 18, from its previous peak at US$1,928 per tonne on May 17. The light metal traded globally finds a strong support at US$1,900 per tonne. Shanghai Metals Market (SMM) forecast says LME aluminium price...
<p>Russian tycoon Oleg Deripaska's En+, a company focused on energy and aluminium is expected to attract investors because of the growing global deficit in the aluminium market and improving outlook for Russian securities, as said by Chief Executive of the company Maxim Sokov to Reuters.</p> <p...
<p>LME aluminium finally broke above the resistance zone of US$1,890-1,892 per tonne and closed higher at US$1,899.50 per tonne after night trading on Monday, May 15. Shanghai Metals Market forecasts that the light metal traded globally will keep moving in the range of US$1,890-1,914 per tonne on...
<p>Total aluminium exports by Russia increased both in volume and value during the first quarter of 2017, showed data released by The General Customs of Russia. Aluminium ingot exports (alloyed as well as non-alloyed) grew from 852,300 tonnes in the first quarter of 2016 to 859,400 tonnes in first...
<p>India will see maximum people flying with commercial air carriers in 2017 surpassing the biggest ones till now including UK, Germany, Japan and Indonesia, International Air Transport Association (IATA) data shows. This will provide the much needed traction to the annual delivery of commercial...
<p>Global market analysis and investment banking firms seem to be somewhat divided over aluminium price outlook for 2017. While Goldman Sachs in its recent study put average aluminium price at US$2,000 per tonne (for coming six months) and US$2,100 per tonne (for twelve months), CRU stated that it...
<p>LME aluminium prices have finally gained some strength after falling for four days at a stretch. The light metal traded globally closed at US$1,916 per tonne on Wednesday, May 3, up 0.36 per cent from its previous close of US$1,909 per tonne on Tuesday, May 2. Shanghai Metals Market (SMM)...
<p>Chairman of Aluminium producer Hulamin Mafika Mkwanazi has positive prospects for the company’s 2017 financial year. </p> <p><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/hulamin.jpg" alt="News" width="517" height="226" /></p> <p>He expects a...
<p>The World Bank has hiked its yearly forecast for base metals prices. It expects the base metals prices to log a 16 per cent annual growth rate, compared to the 11 per cent expected in January this year. Strong demand for the metals in China alongside higher disruption rate at mines in Chile,...
<p>China's aluminium output in 2017 will grow at 10.3 per cent rate compared to production in 2016, the China Non-Ferrous Metals Industry Association (CNIA) reported.</p> <p>The CNIA data shows there will be a surplus of 230,000 tonnes of aluminium in China market this year unlike in the global...
<p>LME aluminium prices remained fairly unchanged over the weekend. The lightmetal contract closed the week at US$1,932.50 per tonne on Friday, April 21, marginally down by 0.02 per cent from its previous close of US$1,933 per tonne. The US dollar index, which fell on Friday supporting LME...
<p>India’s leading aluminium producer National Aluminium Company (NALCO) has seen a strong response to their offer for sale (OFS) with the non-retail segment seeing a subscription of 1.84 times and the government has decided to retain full over subscription under the greenshoe option.</p>...
<p>LME aluminium finally staged a strong reversal on Thursday's night trading and closed at US$1,933 per tonne, rising 1.95 per cent from its previous close of US$1,895.50 per tonne on Wednesday, April 19. As Reuters finds it, LME aluminium faces a resistance at US$1,955 per tonne and may retrace...
