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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Rusal expects global aluminium market to swing into deficit in 2016 from 2015’s surplus, according to its recently released 2015 annual report. The global aluminium giant sees global aluminium market in 1.2 million tonne deficit in 2016, reversing from 600,000 tonne surplus in 2015. Rusal sold more...
Gladstone alumina refineries QAL and Yarwun are expected to refine more product this year despite low prices and an already over-supplied market. According to the Resources and Energy Outlook report from Department of Industry, Innovation and Science too much alumina in the market in 2015 pushed...
According to a leading investment banking, securities and investment management firm, aluminium prices may fall more than 10 per cent by year’s end amid ongoing weakness in Chinese demand that is unlikely to show any recovery in 2016. The firm cut its aluminium forecast to $1 350 a ton from $1 550...
Crude oil production cuts will continue cheering commodities market up. Expectations for US rate hike will weaken on poor US economic data. The ECB is expected to maintain loose monetary policy. LME aluminium is expected to rise to USD 1,510-1,540/mt on Thursday. SHFE 1604 aluminium should follow...
LME aluminium is expected to consolidate this week, SMM expects. Firm US dollar, depressed global stock market and falling commodity prices will keep LME aluminium in check between $1,470-1,500/mt. SHFE 1603 aluminium should move at 10,700-10,900 yuan per tonne, supported by tight supply in...
New predictions pick the Tiwai Point aluminium smelter in Southland is likely to stay open, but possibly in a scaled-down form.The predictions come from utilities analyst Nevill Gluyas at research and broking firm First New Zealand Capital. There have been suggestions for years that the smelter...
Costs are falling in the rolled products industry, due to both lower LME prices and weak energy prices. Using CRU's Aluminium Rolling Cost (ARC) model, we have shown that costs fell in 2014 and 2015, with 2016 costs likely to continue their downward movement. However, from 2017 onwards we expect...
According to a recently published market research report, the global high purity alumina (HPA) market was valued at US$ 1.2 billion (bn) in 2014 and is projected to grow at a compound annual growth rate (CAGR) of 6.9% during the forecast period to reach US$ 3.6 bn by the end of 2021. HPA is a...
Alcoa Inc.’s upbeat forecast for global aluminium supply and demand in 2016 is bullish. The world’s third largest aluminium company had said in November that it expects a deficit (demand exceeds supply) to the extent of 360,000 tonnes. Along with its fourth quarter results, the company on Tuesday...
With the sudden rise in aluminium prices just last week, miners across the world are rejoicing, including in Australia where the outlook is expected to improve. According to a report from the International Business Times, an increase in US consumer spending has boosted investors’ hopes of a...
The growth of China’s primary aluminium output slowed for three years in a row in 2015, SMM expects. SMM attributes the slowdown to partly due to the Chinese government’s control over investment in energy-intensive industries, including aluminium. In addition, low-cost aluminium capacity replaced...
The global commodity free fall and aluminium price slump played havoc with Indian metal companies in 2015, pushing many to the brink of operational losses and capacity shutdowns. The new year will be crucial to see which way the prices move. Metal manufacturers including those comprising the...
With an interest-rate increase from the U.S. Federal Reserve out of the way, battered metals investors are returning their focus to China, where plans to trim a supply glut (read aluminium oversupply) have sparked hopes for a rebound in prices in 2016. Price of aluminium is trading up 6%, from...
LME aluminium is expected to retest a support at $1,420 per tonne over the next three months, a break below which could cause a loss to the next support at $1,255. These supports are identified respectively as the 61.8 percent and the 76.4 percent Fibonacci projection levels of a downward wave (c),...
Excess aluminium capacity continued to put downward pressure on prices in 2015. Prices are not expected to recover in 2016 as continued additions to capacity, particularly in China, contribute to a build-up of stocks, according to a report by Australian Dept of Industry Innovation and Science....
China’s aluminum consumption is expected to surge 34% in the 13th Five-Year Plan period (2016-20), on anticipated demand growth by the transport industry, a source with China Nonferrous Metals Industry Association said Wednesday. CNIA forecast China’s aluminum demand to reach a maximum 44 million...
State-backed China Securities Journal reported, the vice-president of one of the country's leading industry associations has prediced that aluminium consumption in China will peak in 2020 as new industrial uses drive growth. Chinese aluminium consumption will peak at 44 million tonnes (mt) a year,...
World aluminium major Norsk Hydro estimates that in 2016 without China, the world will have a 1.5 million to 2 million metric ton aluminum deficit, compared with a surplus of as much 1 million when including the world’s second-biggest economy. The plunge in price of primary aluminium has caused...
