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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LME aluminium is expected to peak in a range of $1,866-$1,885 per tonne, as indicated by its wave pattern and a Fibonacci projection analysis. The metal is riding on the final wave of a five-wave cycle rising from the March 19 low of $1,704.25. These five waves have made up a bigger wave c, which...
Is Alumina Ltd (AWC) about to shake investor apathy? China's aluminium production industry is becoming more rational and CIMB considers this will benefit the pricing of alumina. CIMB's analysis suggests there's now much less chance that alumina prices will ease over the medium term. The broker...
Aluminium prices could averatge $1880 per ton in 2015, rising to an average of $2075 per ton in 2015, according to Natixis in the Q1,2014 metals review. After years of chronic surplus, the global aluminium industry is going through a period of substantial change. In Russia and the west, producers...
Japan Aluminium Alloy Refiners Association announced the outlook for the fiscal year 2014 for demands on secondary aluminium alloy products ingots and secondary aluminium ingots as well as primary aluminium alloy ingots for casting and die casting. According to this, FY2014 demands on secondary...
China’s aluminium product exports are expected to climb in 2014 as semis producers are gaining a cost advantage from more depressed domestic prices of the metal, Shanghai Metals Market said at its 9th Copper & Aluminium Summit. Chinese exports of aluminium plates and strips may rise by 9.5%...
The Committee of Geology and Subsurface Resources Management under Ministry of Industry & New Technologies estimates that forecast reserves of bauxites are 809 million tons. "The forecast reserves of bauxites in Kazakhstan are estimated at 809 million tons. The reserves are mainly concentrated in...
Germany's aluminium industry is optimistic about prospects in 2014 after raising output in 2013, the country's aluminium industry association GDA said on Tuesday. "The improved order situation at the end of 2013 and the stable position at the beginning of 2014 speak in favour of an improvement in...
The monthly Aluminum MMI® registered a value of 89 in March, on par with February’s value. The 3-month LME price closed the month of February at $1,765 per metric ton; a small bounce from the record lows registered at the beginning of the month. Most analysts are optimistic with the future role of...
Aluminum's 3-month forward prices at the LME recovered sharply yesterday by $50 and settled at $1770. We believe that there has been no major change in the fundamentals overnight, just a mere recovery that took place in the entire complex after concerns over Russian action against Ukraine settled...
LME aluminium is expected to retrace into a range of $1,743-$1,752 per tonne, as it failed to break a resistance at $1,771. The resistance has been established at the 76.4 percent Fibonacci retracement on the fall from the Feb. 26 high of $1,788.50 to the March 3 low of $1,715. It has apparently...
Russian giant Rusal sees global aluminum demand to grow by 6% this year over 2013. According to RUSAL, China and other Asian economies are expected to grow strongly and the developed markets including the US and Europe should continue to show a healthy growth. Aided by strong growth within Asia,...
LME aluminium is expected to fall to $1,743 per tonne, driven by a downward wave c. This is the third wave of a flat which started at the Feb. 19 high of $1,788. It could be roughly equal to the preceding two waves in length, ending around $1,743, the 38.2 percent Fibonacci retracement on the rise...
Rio Tinto, International mining giant, the ultimate owner of the Tiwai Pt smelter near Bluff, said the outlook for aluminium was positive despite a 9% fall in spot prices over the year 2013. The aluminium division of Rio- Rio Tinto Alcan, reported last week underlying earnings of around US$557...
Svein Richard Brandtzaeg , Chief executive of Norsk Hydro, said to Reuters that aluminium’s overall price, including delivery premium paid to producers, is expected to rise in the year 2014 as demand of the metal growth outpaces production. "Demand will exceed production, so there is reason to...
Japanese trading house Sumitomo Corp., which has stakes in smelters from Brazil to Australia, forecast aluminium will face a deficit next year for the first time ever since 2006 as lower prices accelerate output cuts. “Global demand will outpace supply by 37,000 metric tonnes in 2015 from a surplus...
This could be the year the world at last stops churning out much more aluminium than it can use, as economic recovery begins to stoke demand while some producers cut output after years of falling metal prices. At least that is what a few aluminium smelters and bankers are predicting, going against...
Aluminium touched its weakest levels in more than four years on Wednesday on persistent worries of overproduction while copper dropped for a sixth session ahead of the week-long Lunar New Year holiday in Asia. Three-month aluminium on the London Metal Exchange touched a low of $1,735.25 a tonne,...
The global aluminium market looks very well supplied. On the surface, JP Morgan projects primary demand will be 53.1m tonnes in 2014, implying the stock-to-use coverage on the London Metals exchange is 14 weeks or more. Nevertheless, a closer look at the fundamentals reveals a sharp divergence in...
