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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Hindalco Industries Ltd’s aluminium business is expectd to witness challenges in the near term on the back of weak prices of the metal in the global market, Chairman Kumar Mangalam Birla said in the 2012-13 annual report. Also, the interest burden from its expansion projects will have a bearing on...
Austria Metall AG (AMAG) forecast a fall in core profit of up to 13 percent this year as aluminium prices fall and reported a 10 percent drop in the second quarter, though this was not as severe as expected. AMAG, which is 54 percent owned by a consortium of B&C Industrieholding, Oberbank and the...
LME aluminium is expected to rebound to $1,797 per tonne, as it has completed a five-wave cycle. The cycle fell from the July 22 high of $1,863. A Fibonacci retracement analysis reveals a target at $1,797, the 23.6 percent level, a break above which will lead to a further gain to $1,810, the 38.2...
LME aluminium is expected to fall more to $1,783 per tonne, as it has pierced below a support at $1,798. The support is provided by the 61.8 percent Fibonacci retracement on the rise from the June 27 low of $1,758 to $1,863, and the next support will be at $1,783, the 76.4 percent retracement. A...
Aerospace aluminum plate demand is expected to surge in coming years as aircraft manufacturers make more and bigger planes and aluminum-lithium alloys gain traction in the market, according to a recent analyst report on the sector. The potential growth should significantly boost prices, increase...
Norsk Hydro, one of the world's biggest aluminium makers, said it expected solid demand growth and weak prices this year as it reported a smaller-than-expected drop in April-June core earnings. Its primary metals unit outperformed expectations in the quarter, compensating for increasing losses in...
Alcoa Inc remains optimistic that global demand for aluminum will grow 7 percent this year, driven largely by demand from the aerospace and commercial transportation sectors, the largest aluminum producer in the United States said on Monday. The company also reported a larger-than-expected profit...
Alcoa stock took a dive Wednesday after JPMorgan downgraded the barometer for market sentiment and made deep cuts to earnings estimates. Shares of Alcoa, which kicks off the second-quarter earnings season on Monday, fell 1% to $7.72. JPMorgan lowered its rating to Neutral from Overweight and...
RHB Research Institute Sdn Bhd has cut its current year profit forecast for PRESS METAL BHD by 14.8%. This is in anticipation of a six-month operation halt which is expected to have a negative impact on the aluminium-processing entity’s earnings. The profit downgrade follows the recent...
The global aluminium industry is forecast to reach an estimated US$160billion in 2017 with a CAGR of 5.3% over the next five years (2012-2017), says Research and Market agency. Increasing application, growing environmental concerns, and the move toward greater use of recyclable materials are...
Aluminium Bahrain B.S.C. continues to focus on meeting its growth targets despite tough LME market prices, according to a statement issued by the Chairman of Alba's Board of Directors, Mahmood Hashim Al Kooheji. The statement was made following the second quarterly meeting for the year 2013 held on...
Aluminium prices at India’s Multi Commodities Exchange (MCX) was trading up by 1.88%. The June Contract is now trading around INR 109.30-111.05 per kg levels. Aluminium gained as sentiment on the metal remained upbeat amid easing concerns over China’s economic outlook. Positive forecast on UK...
Investors should take a cautious approach to the aluminum sector at a time of weak prices and persistent oversupply, BMO Research says, describing recently-announced output cuts at major producer Chalco as “not enough” to balance the China market. “Overproduction and high inventory levels continue...
Aluminum prices are likely to remain capped as production will outstrip supply, even if demand grows as expected, said an aluminum research firm on Tuesday. Primary production out of China, India and the Middle East lead both the demand and supply growth, said Jorge Vazquez, Managing Director of...
US aluminum extrusion demand is expected to rise slightly this year, despite a slow start to the year, according to Jeff Henderson, Director of Marketing and Business Development for Sapa North America. The market has gotten off "to a slower start," he said, citing Aluminum Association data that...
The Organization for Economic Co-operation and Development (OECD) on Wednesday trimmed its growth estimate for the world economy, saying global GDP will expand 3.1% in 2013, instead of 3.4% estimated earlier. It also lowered the US growth outlook for 2013 to 1.9% from 2% and cut its forecast for...
National aluminium company expects around 20 percent volume growth in FY14. During the year gone by, the firm's alumina refinery produced 1.802 million tonnes of alumina hydrate, which is an all-time high, against the previous best of 16.87 lakh tonne achieved in preceding year. According to...
Global aluminium market surplus in 2013 is expected to be at 1 mn ton from 1.2 mn ton previously estimated as Chinese market has moved into a modest deficit in Q2, driven by production cuts amounting to as much as 1Mty capacity by mid-May, stated London based Barclays in its recent market analysis....
