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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Optimism that a recovery in profits at Rio Tinto Group’s aluminium division will counter a slump in iron-ore prices and underpin increased investor returns looks misplaced. When the world’s second-largest mining company reported a 9% dip in underlying profit last month, CEO Sam Walsh touted a...
Qatar Aluminium Chairman, Abdulrahman Ahmed Al-Shaibi said in a Doha conference on Tuesday Automobile customers accounts for around 60% of the company’s products. The rising demand for automotive aluminium is pulling the overall demand for aluminium which is rising nearly 6% a year. The company...
The data released by the International Aluminum Institute (IAI) for the month of January this year indicates that the daily output of global primary aluminum output remained flat. The output averaged at 67,800 mt per day during the month, remaining unchanged from the previous month. However, Jan...
The aluminium market may be headed for a profitable 2015, with an estimated rise of 6.5% in global demand, based on the observations and forecasts expressed in Rusal’s Quarterly Report for the year ending in December 2014. The company reported a rise in demand in the global market to 55.2 million...
UC RUSAL, a leading global aluminium producer, notes that official LME aluminium stocks fell below 4 million tonnes on 11 February for the first time since May 2009. RUSAL notes that LME aluminium stocks keep declining and maintain a steady decrease of around 7 thousand tonnes per day. This...
The aluminium market faces the prospect of a growing surge of supply from China this year that could disrupt expectations of a global deficit. A divergence in prices between China and the rest of the world could spur exports and limit aluminium’s price gains this year, analysts say. A falling...
China’s state-owned aluminium producer, Aluminium Corp of China (Chalco), is expecting a loss of 16.4 billion yuan ($2.6 billion) for 2014 due to low aluminium prices and impairment charges. Impairment charges are seen in many areas like a 5.5 billion yuan impairment charge in Chalco’s earnings...
While the world is locked in debate about the state of aluminium globally, some 33 analysts believe that the average price of the metal will stay around $1,965 a tonne this year, 1.8% lower than the forecast made earlier but the downward revision is the smallest within the base metals this quarter....
At a time when other commodities are slumping, aluminum is making a comeback as automakers under pressure to build more fuel-efficient cars increase their use of the lightweight metal. While copper prices are down 14 percent this year and iron has slipped 7.7 percent, aluminum has gained 0.1...
Global primary aluminium demand is expected to grow at a compound annual growth rate (CAGR) of 7.6 per cent from 2014 to 2017 with Asia and the Americas generating the greatest share of demand, said a top official. UAE-based Emirates Global Aluminium (EGA) exported 56 per cent of its production in...
On Monday, William Oplinger, the Chief Financial Officer of Alcoa Inc. said that the company has used an aluminium price which also includes the benchmark futures and also the regional premiums which are comparable to present level for its forecast for 2015 of $500 million. However, while...
Shanghai Metal Market forecasts that the overproduction in China coupled with the potential fall in the alumina prices could drag the spot aluminium price down to 12,000 yuan ($1,957) in Q1 2015. The relentless Chinese aluminium output is likely to soar in Q1 while the consumption will not be as...
Alcoa declared its Q4 2014 results on Monday revealing a leap in the profits ending the year on a positive note amidst a major transformation in the company portfolio. The company is shifting its focus from the upstream aluminium market to the downstream value-add market, with a special focus on...
Spot aluminum in China could crash through 12,000 yuan ($1,957) per tonne in Q1 2015, pressured by worsening supply glut and potential fall in alumina prices, Shanghai Metals Market foresees. China’s monthly aluminum output is expected to continue rising in Q1. Aluminum consumption, however, might...
Predicting the market conditions for the new year is always a tricky business and it becomes even more so when it is in regard to a volatile market like aluminium which has seen such ups and downs in the previous year itself. Yet industry experts are making tentative predictions about what may...
Oversupply in China’s aluminum market is expected to escalate in Q1 2015 on massive new capacities and falling demand, CNMN reported on January 2. Most new capacities came on stream in H2 2014. Nearly 3 million-tpy aluminum capacities in Xinjiang and at Shandong Weiqiao Group began to enter...
Market analysts are assuming, in 2015 the aluminium prices will build on the gains made in the past 12 months with the large-scale production cuts worldwide and the growing demand for the metal, pushing the market into a deficit after many years. The aluminium prices have been on a roller-coaster...
London Metal Exchange (LME) aluminium prices are forecast to rise gradually in the latter half of next year possibly to as high as $2,300 a tonne as smelter shutdowns and output cuts squeeze supply, Japanese trading house Marubeni Corp said. "We expect the LME prices to move higher next year as the...
