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
The present bullish trend in aluminium and a tight supply situation is indicating towards a positive outlook for aluminium and a turning point after a long time. The metal has been trading at a seventeen-month high around $2,000 per ton in the current weeks and achieved a 20% rise in July since...
Poland's leading aluminium products maker Kety on Thursday raised its full-year net profit forecast by 34 percent to 170 million zlotys ($54 million) reflecting a rebounding Polish economy. "Due to the high progress in executing the forecast after 6 months of 2014 and stable outlook for the second...
LME aluminium is expected to consolidate in the range of $1,989-$2,043 for a few trading sessions before either resuming or reversing its uptrend. The range has been formed by the 100 percent and the 123.6 percent Fibonacci projection levels of an upward wave C that developed from the June 12 low...
Tajikistan Aluminium Co (TALCO), central Asia's largest aluminium smelter, cut production by 47 percent in year-on-year terms in January-June to 61,100 tonnes due to low demand for the metal, a senior Tajik official said on Friday. "Lower aluminium output is caused by objective reasons which are...
The market is tighter at the moment than we initially expected which supports prices. However, at the end of July the LME rule change ban will be challenged and, if successful, will likely increase supply to the market noticeably as 2 million tons of inventory in Visslingen, Switzerland, and 1.3...
Rising Chinese output is likely to act as a brake on aluminium's 15 percent rally since May, even as the global outlook for the industrial metal improves. It's no secret that much of Chinese aluminium smelting capacity operates at a loss and is reliant on subsidies from local and regional...
Pittsburgh-headquartered aluminum major Alcoa forecasts the global aluminum demand to increase by 7% in 2014. The firm also has raised its deficit forecast for the year from earlier 730,000 tonnes. According to the company, the aluminum supply shortfall is likely to touch 930,000 tonnes this year....
LME aluminium is expected to approach a resistance at $1,999 per tonne again, to complete a wave c. This is the third wave of a three-wave cycle that developed from the June 12 low of $1,836, it may travel the same distance as the preceding wave a, to arrive at $1,999, a 100 percent projection...
LME aluminium is expected to rise to $1,999 per tonne, as it has broken above a resistance at $1,961. The resistance was provided by the 76.4 percent Fibonacci projection level of an upward wave c that developed from the June 12 low of $1,836. The next resistance will be at 1,999, the 100 percent...
Where government controls and environmental pressures have failed, good old market economics may finally be picking up sway. Of course, it isn’t quite that simple. Some of the credit must go to federal pressure on state governments to reign in subsidies and support, but it would seem if a Reuters...
The expected Chinese aluminum surplus in 2014 is likely to get reduced, according to most recent analysis. The robust demand from transport sector and the closure of more facilities may reduce the aluminum surplus from earlier projected 1 million tonnes to less than 500,000 tonnes. According to...
Aluminium producer Alcoa last night reported a jump in earnings on strong metals pricing and lower costs as it confirmed its outlook for 7% aluminium demand growth in 2014. Alcoa, the first major US company to report second-quarter earnings, said net income for the period ending June 30 was $138m,...
A bearish target at $1,898 per tonne remains unchanged for LME aluminium as the correction from the July 3 high of $1,938.50 has not completed. The correction was triggered by resistance at $1,931, the 76.4 percent Fibonacci projection level of an upward wave C that developed from the May 21 low of...
Revenue for the Nonferrous Metal Recycling industry is forecast to grow strongly over the five years to 2014, rising at an annualized rate of 12.1% to $19.0 billion, said IBISWorld Industry. “As research continues to demonstrate the energy efficiencies and cost benefits of using recycled metals in...
2Q 2014 Highlights • Net income of $138 million, or $0.12 per share; excluding special items, net income of $216 million, or $0.18 per share, up sequentially and year-over-year • Revenue of $5.8 billion, up 7 percent sequentially, steady from the prior year period • Engineered Products and...
Rising demand and the closure of some 2 million tonnes of aluminium capacity are likely to shrink an expected surplus of the metal in China this year. That would help reinvigorate aluminium prices in the world's top consumer and producer of the commodity, underpinning a global benchmark that has...
Doha Primary aluminium smelters in GCC are competitive on global cost curve and companies such as Qatar Alumunium (Qatalum), have an excellent competitive position enabling it to remain profitable even in the current challenging market conditions, a report by London-based CRU has said. CRU is in...
LME aluminium is expected to retrace to $1,898, as it has failed to break a resistance at $1,931 per tonne. The resistance is provided by the 76.4 percent Fibonacci projection level of an upward wave C that developed from the May 21 low of $1,754.75. It has joined hands with another similar...
