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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China’s economy is expected to continue picking up speed next year, with metals demand helped by state-led urbanisation projects. Recent economic data has reinforced hopes for a sustained recovery, with factory output in August hitting a 17-month high, retail sales growing at their fastest pace...
The news hasn’t been good this week for aluminum manufacturer Alcoa Inc. It’s stock price is tumbling, a Duetsche Bank analyst downgraded the stock to sell and forecasters were predicting aluminum prices would fall 12 percent or more over the next two years. All this on the heels of Alcoa being...
Domestic consumption of aluminium products in Brazil will grow 4.1% year-on-year in 2013, beating previous estimates of a 3.7% growth, according to Brazil’s aluminium association Abal. A higher GDP growth forecast would have given further boost to our estimates, Luis Carlos Loureiro Filho, Abal’s...
China’s aluminium prices are likely to fall in the fourth quarter, as supply is expected to rise amid sliding demand. Some analysts have predicted that the prices will fall to an all-time low. Traditionally, the fourth quarter has been a weak season for aluminium consumption, as cold weather in...
National Aluminium Company (Nalco) whose bottomline took a hit in the April-June quarter of this fiscal due to weak aluminium prices in the global market expects prices to recover in the last quarter as a glut in supply is likely to trigger capacity cut in China and Russia. “In fourth quarter...
APAC emerges as the greatest potential market during the forecast period. The growing markets of China and India are expected to continue witnessing growth in the aluminum industry. Higher demand from key consuming end user markets, such as construction, automotive, consumer durables, and packaging...
LME aluminium may drop into a range of $1,639-$1,657 per tonne in three months, as indicated by its wave pattern and a Fibonacci ratio analysis. The uptrend from the Feb. 24, 2009 low of $1,279 to the May 3, 2011 high of $2,803 has been reversed more than 61.8 percent, as revealed by a Fibonacci...
Aluminum consumption this year will be 7 percent higher than in 2012, and the industry can look forward to stable growth for the next decade, United Co. Rusal chief executive officer Oleg Deripaska said Sept. 11 in a televised interview at the World Economic Forum in Dalian, China. Deripaska...
LME aluminium remains steady on a downtrend and is expected to revisit its Sept. 4 low of $1,785. Wave pattern shows that aluminium is riding on a wave 5, the fifth wave of a five-wave cycle that started at the Aug. 19 high of $1,949. It is expected to travel below the preceding wave 3 trough at...
The outlook for aluminium has stabilized, with consumption improving, according to the head of the world's biggest aluminium company, Oleg Deripaska. Deripaska, chief executive of Russian producer Rusal, predicted more stable economic growth around the world over the next 5-10 years, and...
LME aluminium may have completed a rebound from the Sept. 5 low of $1,785.25 per tonne, or the first round of this rebound, and is expected to drop to $$1,800. The rebound is against a five-wave cycle starting from the Aug. 22 high of $1,920 and ending at the Sept. 4 low of $1,785. A Fibonacci...
Rising 3-month LME aluminum prices and European semis pricing, which improved against a more optimistic manufacturing performance by many of the countries within the EU, drove MetalMiner’s monthly Aluminum MMI up 1.1% for September. Long-time aluminum industry observers know that September serves...
Sao Paulo-based aluminum extrusion producer Sapa Aluminium Brasil forecasts moderate growth for the Brazilian market this year, CFO Roberto Silva told BNamericas. "The extruded aluminum market is heavily influenced by investments in local economies. Sapa Aluminum forecasts for this year moderate...
Ormet Corp. expects aluminum prices to rise as it returns to full capacity at its Hannibal, Ohio, smelter in the coming years, according to details previously redacted from a business plan filed with Ohio regulators. The bankrupt Hannibal, Ohio-based aluminum producer said in the plan that it...
Press Metal Bhd (Press Metal) is expected to start seeing signs of recovery from the fourth quarter of the financial year 2013 (4QFY13) onwards as its Samalaju smelter is expected to stabilise from October while part of its pots in Mukah may be back in operation at the later part of the year,...
"World aluminum consumption will grow 6 percent this year and through 2015, according to United Co. Rusal, the world’s largest producer of the metal. Global aluminum consumption will reach 50 million metric tons in 2013, the Moscow-based company said in its first-half results statement today....
LME aluminium is expected to retrace to $1,918 per tonne, as it faces a resistance at $1,943. The resistance is provided by the 161.8 percent Fibonacci projection level of an upward wave C which started at the Aug. 7 low of $1,773.25. The bearish divergence on the hourly RSI indicates the wave C...
Aluminum prices have extended to the downside and in doing so the trend has turned from a sideways rangebound market to a downward one, the Aluminum Analysis and Forecast Q2 2013 report said. Given the market has been in a supply surplus since 2007 and stocks have built up accordingly, the report...
