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
43% of the 42 Chinese aluminium smelters surveyed by SMM are bullish toward this week’s aluminium prices. Another 33% expect prices to stabilize, while the rest 24% paint a gloomy picture. The optimists expect LME aluminium to rise above USD 1,500/mt and SHFE 1602 aluminium to climb above RMB...
Aluminium Bahrain B.S.C. (Alba), one of the world’s leading aluminium smelters, continues to look forward as the company prepares for future growth according to a statement issued by the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa. The statement was made...
Norsk Hydro, one of the world's largest aluminium producers, launched new cost cuts on Thursday to combat a sharp decline in prices triggered by an oversupply of metal from China. By the end of 2019, the company aims to reduce its annual costs by 2.9 billion Norwegian crowns ($335.70 million), of...
Centrum Broking expects aluminium prices to recover next year as over supply in the world market tapers off with China and global aluminium majors cutting back on production in the last few months. The brokerage said the recovery in prices will be based on actual fundamentals rather than...
LME aluminium will extend upward momentum into next week, SMM expects. SHFE aluminium will rise further to 10,400-10,800 yuan per tonne on more short-covering triggered by output out news. And this will push LME aluminium up to 1,500-1,550 per tonne. A firm US dollar amid high expectations for US...
The world aluminium foil packaging market is expected to continue showing stable growth over 2015-2025. China will account for approximately 45% of the global demand and developing countries are expected to account for a bigger market share over the next ten years as their economies develop...
Aluminium consumption in China is expected to weaken further in 2016, Shanghai Metals Market foresees. “Utilization rates at major domestic aluminium processing enterprises are down on a yearly basis in 2015, such as aluminium plate/sheet, strip, aluminium extrusion , cast aluminium alloy ,...
Russian aluminium giant Rusal plans to decide in mid-December which aluminium smelters to suspend as a part of its plans to potentially cut up to 200,000 tonnes of production, Chief Executive Vladislav Soloviev told reporters on Tuesday. Rusal, the world's top aluminium producer, is looking to cut...
Bahrain-based Gulf Aluminium Rolling Mill Company (Garmco) recently held its second Annual Subsidiaries Meeting which took place at the group’s headquarters in the kingdom. Garmco is an international aluminium rolling mill and one of the largest downstream aluminium facilities in the Middle East....
Aluminium prices inched higher last week boosted by Alcoa‘s production declines. Physical premiums too improved slightly driven by the recent short-term price movements. However, there is even more to look at for those investing in firms like Alcoa, Rio Tinto Group and Norsk Hydro – notably, the...
Lightweight metals leader Alcoa reported progress on the company’s performance against three-year financial targets and its continuing transformation as it prepares to separate into two industry-leading, publicly-traded companies. As the company prepares for the separation, both the Value-Add...
Lightweight metals leader Alcoa reported progress on the company’s performance against three-year financial targets and its continuing transformation as it prepares to separate into two industry-leading, publicly-traded companies. The company delivered the update at its 2015 Investor Day event in...
Aluminium on London metal Exchange (LME) may break resistance at $1,515 per tonne and rise towards the resistance range of $1,532-$1,548, as indicated by its wave pattern and a Fibonacci projection analysis. Resistance is provided by the 114.6 percent Fibonacci projection level of a downtrend from...
Base metal prices on the SHFE are expected to continue their declines on October 27, with SHFE aluminum to lead price losses, Shanghai Metals Market foresees. “A considerable increase in short positions on the SHFE aluminum has sent its price to new record lows, and this will also weigh down other...
LME aluminium may hover around a support at $1,532 per tonne, or rebound to a resistance at $1,548, as indicated by its wave pattern and a Fibonacci projection analysis. The support and the resistance are identified respectively as the 100 percent and the 86.4 percent Fibonacci projection levels of...
China's primary aluminum surplus will fall in 2016 as some higher-cost smelters shut down, though new additions of lower-cost capacity will result in growing production and capacity, CRU Group's aluminum manager Paul Williams said on Tuesday. China will produce 1.8 million more tonnes of aluminum...
Alcoa shares dropped in extended trading on Thursday last week after it missed third-quarter earnings and revenue forecasts and slashed its outlook on key Chinese end markets. Earnings sank 77% to 7 cents per share, as revenue dropped 11% to $5.57 billion. Consensus was for EPS of 13 cents on...
U.S.-based Novelis expects a 3 percent rise in rolled aluminium product demand in Europe in 2016, despite the knock-on impact of sluggish growth in China, its European head said. This would be down slightly from the 4 percent increase in aluminium product growth expected in 2015, Erwin Mayr, Europe...
