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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Aluminum prices in China are expected to take a hit in Q2 as the supply/demand imbalance will deteriorate, Shanghai Metals Market foresees. On the supply side, operational aluminum capacity in China hit 30.95 million tonnes at the end of April, up some 900,000 tonnes from the end of last year, SMM...
Rolled aluminium products maker Novelis expects a 4 percent rise in demand in Europe this year and is considering further expansion of its European recycling, the European head of the U.S.-based company said on Wednesday. "Demand for rolled aluminium plate is good to very good," Novelis Europe...
Goldman Sachs Group predicts a not so rosy future for aluminium as aluminium prices are expected to fall along with production cuts after record production levels from the world’s biggest producer. China too continues to add to the world’s aluminium production making surplus a major concern. The...
Rusal, the world’s largest aluminium company, predicts that China’s overproducing trend in aluminium may finally come to an end. China saw a boom in exports by 49% in the first quarter but because the price arbitrage has become a lot less attractive, the exports are likely to fall soon according...
May 12 Rio Tinto Alcan, the mining giant's aluminium business, expects a global deficit in the aluminum market in 2015 despite good figures in the first quarter, the company's chief executive said on Tuesday. Speaking at the CRU Aluminium industry conference in Dubai CEO Alf Barios said he expected...
LME aluminium may fall to a support at $1,892 per tonne, as it has peaked around a resistance at $1,930. The resistance and the support are identified respectively as the 161.8 percent and the 123.6 percent Fibonacci projection levels of an upward wave C, the third wave of a three-wave cycle that...
Romanian aluminum producer Alro Slatina posted last year a EUR 24.6 million loss, for a turnover of EUR 452 million. For 2015, the company estimates a profit of USD 63.6 million (EUR 57.8 million). It also forecasts revenues of USD 663.6 million (EUR 603 million) and has planned investments of USD...
China exported 360,000 tonnes of unwrought aluminum and aluminum semis in March, down 14.3% February, customs data showed. SMM attributes the surprising decline to sharply falling overseas aluminum premiums and rising SHFE/LME aluminum price ratio, which hurt token exports of aluminum semis....
International industry players expect aluminium industry market worldwide to double within the next 10 years. Optimistic on growth prospects, participants at the ALUMINIUM MIDDLE EAST 2015, which concluded today, said with projects worth billions of dollars in the pipeline, the Middle East is among...
Despite the drop in the price of aluminium this year, Emirates Global Aluminium (EGA) foresees its production will be stable at 2.4 million tonnes a year for the next three years. Walid Al Attar, EGA’s chief marketing officer, told Bloomberg News in Dubai that its output last year was 2.3 million...
Bank of America Merrill Lynch has cut its this year price forecast for aluminium to $1,800 a ton and remained unchanged for 2016. Bank of America Merrill Lynch previously mentioned that gold prices to average $1,818 a ton this year and $1,850 a ton for next year. Aluminium has been among the best...
The recent Alcoa results show the company is making a great shift from upstream operations to downstream sector and achieving positive results as a consequence. Alcoa has made positive growth projections for the year 2015 across the different sections of the downstream business including aerospace,...
LME aluminium looks neutral in a range of $1,780-$1,805 a tonne, and an escape will point a direction. The range has been formed by the 23.6 per cent and the 61.8 per cent Fibonacci projection levels of an upward wave C, the third wave of a presumed three-wave cycle developed from March 12 low of...
The French Bank Natixis in its latest research report forecasts LME Aluminium price to average around $1,840 per mt in 2015. The prices are likely to move higher in 2016 to average around $2,000 per mt. In its metals review for H1 2015, Natixis forecasts a tug of war between positive and negative...
Japan's aluminium product demand, including for exports, is expected to grow 1.8 percent in the financial year starting April 1, backed by rising demand for cans for coffee beverages and a rebound in construction market, an industry body said on Friday. "Japanese economy is improving thanks to...
Russia's United Company Rusal Plc reported a more than six-fold rise in fourth-quarter earnings due to a slump in the rouble against the dollar and stronger aluminium prices, and forecast a deficit in aluminium supply in 2015 outside China. The world's biggest aluminium producer warned, however,...
According to the data released by National Bureau of Statistics, China's aluminum product output for the first two months grown by 21% compared from the same period of 2014 to 6.9 million tons. It is estimated that in 2015, global output of aluminum products will exceed demand by 460,000 tons, and...
The German aluminium industry clearly outpaced economic growth as a whole last year and it is also expecting the economic trend to be stable in 2015. Aluminium producers (+ 3.7 per cent), manufacturers of semi-finished products (+ 2.2 per cent), aluminium casters (+ 12.1 per cent) and converters (+...
