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 alumina market which has been in structural overcapacity since 2007 will stay this way for the foreseeable future, Trafigura’s head of non-ferrous and bulk commodities Simon Collins said in the trading company’s first publically available report. A general lack of volatility restricted trading...
Norsk Hydro has decided to “increase capital expenditure by almost 40 percent next year to modernise equipment in expectation of accelerating global demand over the next decade,” reports Reuters. “The company’s optimism was tinted with caution, however, as it introduced the latest in a string of...
Norsk Hydro, one of the world's largest producers of aluminium, will increase capital expenditure by almost 40 percent next year to modernise equipment in expectation of accelerating global demand over the next decade. The company's optimism was tinted with caution, however, as it introduced the...
In 2012, the world's PLT output hit 67.6 million, with the popularity rate of aluminum wheel as high as 66%. The estimate suggests that the world's PLT output in 2013 will register 68.9 million with the penetration rate of aluminum wheel soaring to 67%. In 2012, OEM aluminum wheel shipment...
Output of aluminum outside China will trail demand by 2.4 million metric tons in 2017, eroding stockpiles and reversing a decline in prices, said United Co. Rusal, the largest producer of the metal. “We already see the aluminum market falling into deficit due to curtailments and strong...
The aluminum market has finally turned a corner after years of being in surplus, according to Barclays Capital. "The pace of supply rationing ex-China is enough to drive a small but nonetheless significant global market deficit in 2014," Barclays analyst Nicholas Snowdon wrote in a note. For the...
LME aluminium may develop the final drop to $1,760 per tonne, before reversing its downtrend, as indicated by its wave pattern and two trendlines. Wave pattern shows that the metal is riding on the final wave of a five-wave cycle, and this wave could be ending around $1,760, as indicated by the...
Malaysia's biggest aluminium maker, Press Metal Bhd, expects output to rise 36% to 410,000 tonnes next year after restarting one of its two plants, a company executive said today. A subsidiary of Kuala Lumpur-listed Press Metal in June reported the sudden shutdown of its 110,000 tonnes-per-year...
LME aluminium has found a support at $1,806 per tonne and may rebound to $1,841. The support is provided by the 76.4 percent Fibonacci retracement on the rise from the Sept. 17 low of $1,775.50 to the Oct. 29 high of $1,905.75. It has been proved effective as the downtrend stopped to extend. The...
LME aluminium may end its current moderate rebound around a resistance at $1,825 and then drop towards $1,790 per tonne. The rebound has been triggered by a support at $1,806, the 76.4 percent Fibonacci retracement on the rise from the Sept. 17 low of $1,775.50 to the Oct. 29 high of $1,905.75....
AMAG Austria Metall AG expects tough conditions again in 2014 as aluminium prices stay under pressure, it said on Tuesday, while reporting third-quarter core profit that beat market expectations. "The current level of uncertainty means it is still too early to make any definitive statements with...
Aluminium companies should use a slow 2014 to upgrade, expand and hire new staff to gear up for boom times in the following years, an economist has said. Next year will be “off” compared with 2013 as demand slackens from the middle of 2014 into the first quarter of 2015, Alan Beaulieu, president of...
Jiangsu Alcha Aluminium Co Ltd announced that it expects its net profit for fiscal year (FY) 2013 to be RMB -55 million to RMB -60 million, compared to the net profit of FY 2012 (RMB -69,254,900). The Company cited the decreased processing cost per product and reversed price of aluminium in...
Chinese aluminium output is likely to hit a record 24 million tonnes this year, a research director at the country's top producer of the metal said on Wednesday, suggesting production may ramp up towards year-end. China's growth in aluminium output means it has had little need for imports from...
LME aluminium is expected to consolidate in a range of $1,840-$1,860 per tonne, as indicated by its wave pattern and two trendlines. The drop from the Oct. 22 high of $1,891.25 is labelled as a wave c, the final wave of a three-wave cycle that developed from the Oct. 11 high of $1,890. Five small...
Norsk Hydro, one of the world's biggest aluminium makers, said its July-September core earnings rose more than expected thanks to solid performance at its primary aluminium and power production divisions. At the same time, Hydro adjusted its 2013 forecast for global primary aluminium demand growth,...
Goldman Sachs cut its price targets for aluminum to $1,800, $1,750 and $1,750 per metric ton on a three-, six- and 12-month horizon. The bank previously looked for $1,850, $1,900 and $2,000, respectively. “Driving these aluminum forecast revisions is the lack of a sufficient supply response to low...
LME aluminium may climb into a range of $1,866-$1,878 per tonne, driven by a wave c. This is the third wave of a three-wave cycle that developed from the Sept. 17 low of $1,775.50. It may eventually travel to $1,898, its 100 percent Fibonacci projection level. However, there is a resistance zone of...
