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>The slide in LME aluminium price continues. The lightmetal which closed at US$1,929 per tonne on Monday, April 10, dipped by 1.11 per cent to close at US$1,907.50 per tonne after night trading on Tuesday, April 11. The price fall is in line with Reuters' analysis which said that LME aluminium...
<p>According to a Platts’ report, Australia is expected to produce 82.7 million tonnes of bauxite in FY 2016-2017 (July-June), up 1.22% YOY, as confirmed by the Department of Industry, Innovation and Science on Friday. Upcoming projects in the state of Queensland are expected to raise...
<p>Rating agency ICRA projected that the long- term demand for base metal would continue to be positive in India. The government’s investment on infrastructure projects for the smart city plan would drive the demand for base metals such as aluminium, copper and zinc.</p> <p><img...
<p>Goldman Sachs has updated its commodities price forecasts and that’s led to higher price targets for South32 (S32.AU) and Alumina (AWC.AU).</p> <p>Unused aluminium spools for work in the oil industry pile-up in a shop yard in the Permian Basin oil field.</p> <p><img style="vertical-align:...
<p>The rising momentum in LME aluminium has taken the contract to US$1,931 per tonne on Wednesday, the highest since mid-May 2015. The spike of 0.66 per cent from its previous close is the highest LME aluminium has registered in last one week. The strong uptrend in the light metal is expected to...
<p>LME aluminium is back to where it was a week ago. At US$1,918 per tonne after Tuesday's night trading, the contract has inched higher from its previous close of US$1,916 per tonne on Monday but remains at the same level where it was seven days back. The news about the US President Donald Trump...
<p>According to the aluminium sector report from Antaike, state-run metals consultancy firm in Beijing, published on Thursday, China is expected to add 6.65 million tonnes per year of new alumina capacity in 2017, mostly in North China, Central China and Northwest China.</p>...
<p>The continuous rise in LME aluminium prices came to a halt as the falling crude oil prices in Asia weighed on the lightmetal contract traded globally. Aluminium prices on the bourse dropped 0.41 per cent from its previous close of US$1,918 per tonne on Tuesday, March 21 to US$1,1910 per tonne on...
<p>As reported by Platts, China’s MIIT projected a surge in the China’s production of nonferrous metals such as copper, aluminium, lead and zinc by 4.8% YoY in 2017. The rise is equal to 55.37 million tonnes. This announcement was made by the Ministry of Industry and Information...
<p>LME aluminium has cleared a support at US$1,916. The contract inched higher during Monday's night trading hours closing at US$1,908 per tonne, up 0.36 per cent from the previous close of US$1,901 per tonne. Reuters observes LME aluminium is now up for a fall to US$1,891 per tonne- the next...
<p>According to a report of India Ratings and Research, the base metal sector is likely to register a surplus market on account of new capacity ramp-up amid weak demand for the next financial year. In India, the production capacity of aluminium is expected to be more or less double in FY18.</p>...
<p>The downtrend in LME aluminium prices continued till Monday's trading hours until the contract found support at 40-day moving average of US$1,857 per tonne. The closing price on Tuesday, US$1,858 per tonne, was 0.53 per cent higher than the previous day's closing at US$1,868 per tonne. Reuters...
<p>Press Metal Bhd’s results for FY 2016 have beaten analysts’ forecast by reporting a nearly threefold increase of profit before tax (PBT) from RM232 million to RM689.4 million. Analysts are positive on the group’s prospects for first quarter of 2017 (1Q17).</p> <p><img...
<p>LME aluminium staged a reversal after falling on Wednesday on news of the FOMC meeting that hinted at a possible Fed rate hike. The contract closed at US$1,882.50 per tonne after night trading on Thursday, February 23. The Federal Reserve has hinted at multiple short-term interest rate increases...
<p>LME aluminium dropped during Wednesday's night trading after remaining unchanged for two consecutive days. The contract closed at US$1,873 per tonne yesterday, down 0.26 per cent from the previous closing of US$1,878 per tonne on Tuesday. According to the Federal Open Market Committee (FOMC)...
<p>LME aluminium reversed its 2-day downtrend to rise 0.67 per cent from Friday's closing at US$1,865.5 per tonne to end at US$1878 per tonne after night trading on Monday, February 20. Shanghai Metals Market (SMM) forecasts the contract will rise further at US$1,890-1,916 per tonne on Tuesday,...
<p>LME aluminium is continuing its uptrend. Even as the US dollar firmed up following the successful summit meeting between Japan's Prime Minister Shinzo Abe and Donald Trump the lightmetal traded on LME has shown little signs of decline. The contract after opening lower on Monday, February 13,...
<p>Aluminium imports account for more than 40% of annual domestic consumption of four million tonnes. It includes both primary (ingots, billets and wire rods) and downstream aluminium products (tubes, wires and cables). Wires form a large portion of the total aluminium product import by India...
