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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The increasing use of aluminium in the automobile industry and continued rationed production has led Morgan Stanley to predict a higher aluminium price for the next year, up by 8 percent. In a recent report, Joel Crane suggested that in 2015 the industrial metal will rise to $2,072/mt, while the...
Aluminum, the biggest gainer among base metals on the London Metal Exchange last quarter, will fall into a deficit almost four times larger than previously estimated as demand grows faster than expected, according to Standard Bank Plc. Global consumption will outstrip production by 806,000 metric...
Aluminum climbed for the first time in six days as stockpiles declined to the lowest in 33 months and United Co. Rusal Plc, the biggest producer, forecast that demand will exceed supply next year. The metal in London rose as much as 0.3 percent. Global supply may lag behind demand by as much as 1.3...
Russia's United Company Rusal forecasts a global aluminium deficit of 1.3 million tonnes in 2015, which will keep the spot price premium for the metal high, an executive at the world's biggest producer of the metal said on Tuesday. Despite this, more than half of the production capacity which is...
Just a month before the upcoming ICSOBA Conference in Zhengzhou, China, AlCircle had the opportunity to speak to Dr. Frank R. Feret – President, ICSOBA; who is also an Independent Consultant for Feret Analytical Consulting, Quebec, Canada. He is an expert in providing insight into the...
Group Mytilineou, is likely to see a great semester ahead in 2014 as indicated by the group’s annual investor presentation. As the company continues deleverage faster, the government can expect a healthy balance in the coming months. Moreover, the decline of euro against the dollar will have a...
A rising trend is expected to be continuing for the rest of the year due to growing demand and supply tightness, Shanghai Metals Market foresees. The commissioning of new capacity in Q3 or Q4, delayed by falling prices early this year, and idled capacity resumption will grow demand for alumina, SMM...
LME aluminium is due for a good correction as a five-wave cycle from the May 21 low of $1,754.75 may peak around a resistance at $2,129. The resistance is at the 161.8 percent Fibonacci projection level of an upward wave C that developed from $1,754.75. Aluminium has approached this level but...
Aluminum is one of the best performing commodities this year, with the price jumping 16% during 2014 as stockpiles fall and demand increases. In August the metal gained for a seventh straight month, which is its longest ever streak of advances. Aluminum added 0.7% to US$2,096.50 a ton on the London...
Rusal, the world’s leader in the aluminium sector has cut back their production by 10.8% in the first six months of the year, according to a report released on Wednesday at the Hong Kong Stock Exchange. The company has experienced a great improvement in their financial results in the second quarter...
LME aluminium is expected to rise to $2,129 per tonne, as it has cleared a resistance at $2,074. The resistance was at the 138.2 percent Fibonacci projection level of an upward wave C that developed from the May 21 low of $1,754.75. The next resistance will be at $2,129, the 161.8 percent level....
Novelis, based out of Atlanta, is the largest supplier of aluminum sheet to the auto industry, counting Ford, Audi and Jaguar among its clients. It's owned by Mumbai, India-based metals company Hindalco, the world's largest producer of aluminum sheet, and company reps see the aluminum market and...
According to the Shanghai Metals forecast, the aluminium supplies on China’s four prime regions – Shanghai, Wuxi, Nanhai and Hangzhou will start increasing again in September as the idled and new capacity will be put back on stream by revived smelters. Some of the smelters that were idled in the...
LME aluminium may rise more to $2,129 per tonne, as indicated by a Fibonacci projection analysis. The analysis reveals that the metal has briefly pieced above a resistance at $2,074, the 138.2 percent Fibonacci projection level of an upward wave C that developed from the May 21 low of $1,754.75....
In 2007, the height of the global commodities boom, Aditya Birla Group Chairman Kumar Mangalam Birla and Tom Albanese, chief executive of Vedanta Resources chief executive and former chief executive of Rio Tinto, made landmark purchases of aluminium assets. Ignoring the advice of his colleagues at...
Research and Marke has announced the addition of the "Bauxite and Alumina Market Review" report to their offering. The report presents a thorough study of bauxite and alumina, covering both global and regional markets and aims to give a proper picture of the market, as well as its trends,...
The Quarterly Analysis and Forecast report on Aluminum published by FastMarkets and Sucden Financial forecasts elevated prices and premiums during the third quarter of the current year primarily on account of restricted supply of the metal. According to the report, the downward trend in Aluminum...
The global aluminum market will swing into a deficit this year for the first time since 2006 as cuts in output deepen and demand from automakers grow, according to trading house Sumitomo Corp. Global consumption will outpace supply by 61,000 metric tons in 2014, flipping from a surplus of 580,000...
