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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Aluminium on London Metal Exchange will hold firm at USD 1,640-1,670/mt today, SMM forecasts. SHFE 1606 aluminium will challenge resistance at RMB 13,000/mt and move at RMB 12,750-13,050/mt on market bullishness. In China’s spot aluminium market, spot discounts of RMB 0-40/mt are expected over SHFE...
Aluminium prices rose for a while in the March quarter but gave up most of those gains towards the end of the quarter. Here comes more gloomy news. Aluminium producer Alcoa Inc. said global demand for aluminium will grow by 5 per cent this year, instead of the 6 per cent it had forecast in January....
Aluminium is likely to get costlier in the coming days due to the expected freeze on oil output to be clamped by the Organization of Petroleum Exporting Countries at its meeting with non-OPEC members on April 17. The output freeze will spur price increase because energy accounts for about 30 per...
The global aluminium wire rods market is slated to grow at a CAGR of around 2 per cent during 2015-2019, revealed data released in a recently published market analysis. The increased investments in infrastructure are driving the growth of this market. Developing economies such as India are heavily...
According to a latest market research study, the global aluminium extrusion market is expected to exceed 22 million metric tonnes by 2019, growing at a CAGR of almost 7 per cent during the forecast period. According to Chandrakumar Badala Jaganathan, a noted analyst for metals and minerals...
China's persistent metals glut has lately been putting pressure on shares of Alcoa (AA), as dismal forecasts Wednesday contributed to the New York-based aluminium manufacturer's decline in share price of more than 5 per cent. "China's campaign to cut industrial overcapacity could be derailed by...
The aerospace industry growth trajectory reflects a strong aircraft demand in the foreseeable future. This will drive demand for aluminium alloys over the long term. The worldwide commercial passenger and cargo aircraft fleet, as well as the annual number of passengers, are forecast to double over...
The aluminium price outlook still looks bright in the first half of this year, not dimmed by growing aluminium capacity in China, SMM predicted at the recent 2016 Copper & Aluminium Summit in Shanghai. China’s aluminium capacity will expand to 42 million-tpy in 2016 from 39 million-tpy in 2015, SMM...
According to a recently published market research report, the global high purity alumina (HPA) market is projected to reach USD 5.09 Billion by 2020, at a CAGR of 20.1 per cent from 2015 to 2020. The increasing applicability of high purity alumina among varied end-user applications, such as LEDs,...
About 41 per cent of the 34 Chinese aluminium smelters surveyed by SMM expect aluminium prices to rise this week. Those optimists see SHFE 1605 aluminium rising above RMB 11,500/mt and LME aluminium advancing above all moving averages, citing positive factors. First, China’s aluminium output fell...
LME aluminium is expected to drop to $1,531 per tonne, following the completion of a three-wave cycle from the Nov. 23, 2015 low of $1,432.50. Labelled c, the final wave of the cycle could be divided into five small waves. Such a division is a strong signal that the cycle has ended. The fifth wave...
Russia's Rusal Plc plans to start its new Boguchansk aluminium smelter in the first half of 2016, the company said on Wednesday, after reporting a 53 percent slide in its fourth-quarter core profit. Rusal, the world's largest aluminium producer, has been hit by weak metal prices and the start of...
Goldman Sachs expects the outlook for global aluminium prices to deteriorate over the next 12 months as China exports more semi-manufactured metal. "(The) aluminium market continues to face the greatest bearish fundamental shock in a generation, and perhaps, in its history," it said in a research...
Alumina Ltd, a 40 per cent business partner of Alcoa World Alumina and Chemicals (AWAC), is seemingly optimistic about alumina market scenario in 2016. The Australian mining company predicted, alumina prices will improve globally this year and says it can withstand any kind of volatility. Alumina...
India major aluminium scrap commodities prices remained stable on Tuesday, February 23, while aluminium futures prices at Multi Commodity Exchange weakened after Norsk Hydro cuts aluminium demand growth forecasts. The major aluminium scrap commodities stayed stable on Scrap Register Price Index as...
Non-ferrous metal prices plummeted in 2015 due to global slowdown and massive overcapacity, especially in China. Tailing these global trends, aluminium prices in India are estimated to decline by 15-17 per cent in the current fiscal. Consequently, the operating margin of aluminium sector is...
About 71% of the 28 Chinese aluminium smelters surveyed by SMM are bullish over aluminium prices this week. These optimists expect SHFE 1604 aluminium to rise to RMB 11,350-11,500/mt and LME aluminium to rise above USD 1,580/mt, citing a series of positive factors. 1. Longs have been prevailing in...
Norsk Hydro, one of the world's largest aluminium producers, cut its 2016 forecast for aluminium global demand, including China, to 3-4 per cent from 4-5 per cent previously, as it reported quarterly earnings that beat forecasts on Wednesday. Prices of aluminium - used in the aerospace,...
