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 Bahrain (Alba), the Gulf nation’s leading aluminum smelter, is set to exceed its annual production growth targets, an announcement that came at the company’s third quarter meeting in a statement from Alba’s Chairman Daij Bin Salman Bin Daij Al Khalifa; that announcement comes as the...
Alcoa Inc., the largest U.S. aluminium producer, maintained its forecast for global consumption of the metal. Demand is set to climb by 6.5 percent this year, New York-based Alcoa said in its third-quarter earnings statement. That matched the company’s prediction in July. Analysts at Morgan Stanley...
India’s primary aluminium output will hit 2.5 million tonnes in fiscal 2015-2016, observed Nalco’s managing director T K Chand. India’s demand for the light metal grew significantly in 2014 due to increasing investment by the central government in power transmission, a trend that is likely to...
The latest available data suggests the rising supply situation is likely to further inflate the global aluminum stock levels. The stock levels are most likely to exceed 20 million mt in 2019, the research note said. According to the analysts, the rapid pace of growth in the metal supply poses big...
LME aluminium is expected to retest a resistance at $1,573 per tonne, with a good chance of breaking above this level and rising more towards a range of $1,580-$1,588. The resistance is provided by the 38.2 percent Fibonacci projection level of an upward wave c, the third wave of a three-wave cycle...
Production of primary aluminium is likely to touch 2.4 - 2.5 million tonne (mt) in 2015-16 up from the level of 2.04 mt in 2014 -15, led mainly by improved demand from transport and electrical sectors. "With increasing investment by the central government in power transmission during 2014, India...
The growth of global demand for aluminium foil is estimated to rise by more than 4% CAGR until 2019, according to the data released by CRU International in a recently published report. The additional worldwide demand will add up to one million tons by the end of that period. The economic growth in...
China’s aluminum semis exports will rebound slightly in September after 6.25% year-on-year decline in August, SMM predicts. The rally will driven by the pullback in SHFE/LME aluminum price ratio and yuan’s devaluation, SMM’s aluminum research team said. Outbound shipments were just 300,000 tonnes...
In a recently published market research report, it is projected the global market for aluminium will grow at a CAGR (compound annual growth rate) of 5.65% from 2015 to 2020, to reach USD 147.13 billion by 2020. As per the report, rising demand for aluminium in emerging economies will be the main...
Global demand for aluminum will rise by 24 million tonnes to 78 million tonnes annually by 2025, said Alfredo Barrios, Rio Tinto's Chief Executive for aluminum, at an industry conference in Vancouver on September 22, Tuesday, though market fundamentals will continue to force further capacity...
Base metals nickel and aluminium are likely to experience a price hike by the middle of September due to various positive global cues, observed a market research group. The white metal will get a price boost on production upgrade from a giant Russian bauxite producer, the analysts forecast. “ We...
In a recently published report, aluminium and aluminium alloy has been together termed as the future of China automotive lightweight material (metals) industry. The key findings of the report are: - China's consumption of automotive aluminium alloy hit 300,000 tons in 2014. The supply and demand of...
Centrum Broking said it expects aluminium prices to recover sharply to $2000 per tonne by first half of 2016 from $1700 per tonne price currently, citing expected supply cuts due to large unviable capacity at present prices and steady demand. The brokerage said 30-40 per cent of aluminium capacity...
SCI International cut its forecast for China’s automotive aluminum consumption in 2015 to 210,000-220,000 tonnes from 250,000 tonnes predicted early this year. Harsh domestic aluminum market is behind SCI International’s forecast cut. China’s automobile sector consumed 194,000 tonnes of aluminum in...
With China, the world’s largest consumer of major commodities including aluminium, unveiling stimulus, prices of aluminium are slated to rise next year, says Hindalco Industries Ltd, India’s second biggest aluminium producing company. Satish Pai, Hindalco’s deputy managing director said in an...
Aluminium settled up 0.33% at 107.15 trying to rebound as the Chinese government bolsters support for the economy. While last week prices dropped to a six-year low amid speculation that an expanding glut and weak demand will weigh on the Chinese market. Still outlook remain weak as Standard &...
Aluminium may end its current bounce at London Metal Exchange (LME) around a resistance at $1,547 per tonne, as suggested by a Fibonacci projection analysis. The resistance is provided by the 161.8 percent Fibonacci projection level of a downward wave C, which developed from the July 15 high of...
Japanese trading firm Sumitomo Corp has cut its forecast of London Metal Exchange (LME) aluminium prices to $1,800 in the October-December quarter from its January estimate of $2,000 due to rising exports from China and a stronger U.S. dollar. It also lowered its estimate of Japan's aluminium...
