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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This year is predicted to be the one, when the world can churn out excess aluminium than it can use, as economic recovery begins to stoke demand while some producers cut output after years of falling metal prices. This is what is predicted by few aluminium bankers and smelters, going against the...
According to Fitch Ratings, for the next 2 years, Chinese aluminium prices will remain low as new cost advantageous plants are in line. Chinese companies have spent less on the structures of these new plants as they are located mostly in China’s western part where they can take advantage of cheaper...
Aluminum prices had plunged by 0.8% at LME platform and settled at $1783/MT as a result of a stronger dollar. The dollar strengthened due to the increasing Global growth forecast by IMF from 3.6% to 3.7% and it weighed negatively on aluminum. Though the inventory picture of aluminum depicts...
According to Oleg Deripaska, the CEO of Rusal, the largest aluminium company in the world, discipline among aluminium producers and restrictions in supply to the market can save the aluminium market from the current financial crisis. "Now we realize only discipline on the supply side… will help us...
LME aluminium is expected to revisit its Jan. 17 high of $1,825.25 per tonne, as it has completed a correction from this level. The correction could be considered as a pullback towards the neckline of an inverted head-and-shoulders that formed between Jan. 6 and Jan. 15. The quick recovery of the...
Analysts predict a tightening surplus in the aluminium market. The surplus this year is seen at 568,400 tons compared to an oversupply of 591,747 predicted in a previous poll. Cash aluminium prices are seen averaging $1,840 a ton this year, according to 31 analysts, down from previous forecasts of...
After Alcoa stocks have been upgraded by JPMorgan in November to ‘overweight’ on the prospect of a tight global aluminium market in near future, the shares of Alcoa have been moving at their fastest speed. New York- based analyst Michael Gambardella has pulled up the earnings forecast for the year...
Global demand for aluminum (including primary and secondary/recycled) is forecast to expand 5.9 percent per annum through 2017 to 86.5 million metric tons. China will pace growth and increase its share of global demand from 43 percent in 2012 to 48 percent in 2017, as per the latest Freedonia...
LME aluminium is expected to gain further to $1,839 per tonne, as it has broken above resistance at $1,818. The resistance was established by the 76.4 percent Fibonacci retracement on the fall from the Dec. 30, 2013 high of $1,839 to the Jan. 9 low of $1,751, there will be no other resistance until...
The multinational banking and financial services firm Barclays has projected that supply deficit in aluminium market to reach 1.1 million mt in 2014, almost 51% higher when compared with the 2013 deficit of 726,000 mt. In its latest released Metals Magnifier report, Barclays states that the Chinese...
Alcoa Inc. is very optimistic about the demand for aluminium in the year 2014, according to its initial forecast released with its results. It expects that demand for white metal will increase by 7% this year, keeping a match with the growth of last year. Though the forecast says China’s demand...
LME aluminium may hover above a support at $1,796 for one trading session or rebound moderately to $1,805 per tonne before falling towards $1,780. The support is provided by the 61.8 percent Fibonacci projection level of a downward wave c, the third wave of a three-wave cycle that developed from...
LME aluminium may drop into a range of $1,639-$1,657 per tonne in three months, driven by a downward wave (c). This is the third wave of a bigger wave C that developed from the March 2, 2012 high of $2,361.50. A Fibonacci projection analysis reveals that the wave (c) has travelled below a support...
"Previously, I turned cautious on Kaiser Aluminum (KALU) because the aerospace inventory overhang was a bigger problem than the company initially expected (see Kaiser Aluminum & The Aerospace Inventory Overhang). Since that article, Kaiser Aluminum's management team has appeared at three investor...
Japanese trading house Marubeni Corp expects London Metal Exchange (LME) aluminium prices to gradually rise next year to as high as $2,300 a tonne in the fourth quarter, on the back of strong demand in Asia and active financial deals. "We have more bullish views for 2014 than some financial...
So much for supply side of our Aluminum Outlook 2014 honestly, supply will likely continue to outstrip real demand for some years to come, never mind just in 2014 – but we couldn’t touch on demand in the aluminum market without including the stock and finance trade. It is this activity more than...
One of the toughest markets to read direction for has been aluminum and next year, consumers will not be pleased to hear, it does not look much better. In most other markets, massive over-supply would result in prices falling to the point where marginal suppliers throw in the towel and supply...
Analysts predict that China's alumina output may reach 44.5 million tonnes in 2013, 18 percent higher than the last year; the capacity may reach 60 million tonnes, increased by 10%. According to the current situation, with the increase of domestic output, the import of alumina will decline. In the...
