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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Japan's domestic shipments of diecast aluminum alloy are expected to rise to about 43,000 mt in May as the weak yen shrinks imports from China, market sources said Tuesday. Domestic shipments were last seen around this level in March 2010, when they stood at 43,903 mt. Japanese secondary aluminum...
Aluminium group AMAG Austria Metall forecast on Tuesday its earnings may slip in 2013, backing away from its outlook in March for flat profit. "All in all, we expect another successful year from an operational perspective although the factors of influence mentioned above could lead to slightly...
CRU, independent commodity industry analysts and management consultants in the global metals, mining and fertilizer industries, has launched their Aluminium Casthouse Shapes Market Outlook, a resource for forthcoming developments in the industry. CRU's Aluminium Casthouse Shapes Market Outlook...
Shipments of rolled-aluminum products by Japanese fabricators to domestic and overseas markets decreased at a slower pace in March, supported by demand from beverage-can makers, according to an industry group. Volume fell 1.5 percent to 171,163 metric tons last month from a year earlier, the Japan...
Aluminium held on to 1873 support again yesterday & is hovering above 1902 resistance. If we can push through 1910 we could retest 1926/28. A break higher looks unlikely today but if seen could take us to 1953/58. Below 1885 support we should see 1873 trade then a break of the week’s low so far at...
Norsk Hydro, one of the world's biggest aluminium makers, beat first-quarter earnings forecasts due to higher prices, sales and cost cutting and predicted demand for the metal would return to levels that match supply this year. Hydro said on Wednesday its underlying operating profit rose to 1.08...
Aluminium last week pierced the 3 year trend line at 1827 but bounced quickly from 1818 & we expected this to mark the low for the 2 month sell off. We have seen some weakness at the start of this week as expected to 1873 & below here today good support at 1860. However we cannot rule out a break...
Aluminium last week pierced the 3 year trend line at 1827 but bounced quickly from 1818 & we expected this to mark the low for the 2 month sell off. We could see some weakness at the start of this week to 1873 then good support at 1860. However we cannot rule out a break lower to 1850/41 & possibly...
A top executive of the world's No1 aluminum producer, United Co Rusal, warned yesterday that the price of the metal may fall further unless production is cut as current stocks could last for another three years. The global inventory stands at five to six million tonnes, Rusal deputy chief executive...
Aluminium broke support at 1887/86 & although we did expect lower prices the break of 1862 lows so quickly was a surprise. There is no sign of a bounce at this stage so continued weakness could take us as far as 1847/44 then 1837/36. It is not worth fighting this down trend so we cannot rule out a...
Aluminium broke support at 1894/93 as feared to test & hold the next level of 1887/86. Failure here today however keeps the pressure on for 1877/76. We could start to look over sold in the short term here & with the daily chart showing more positive signals this could be a good buying opportunity...
Aluminium failed below our target of 1929 & pulled back below 1914/13 risking a test of good support at 1894/93. A bounce from here should struggle at 1913/14 but a push through 1917 could allow another test of 1926/29 resistance. Above here at 1935/36 we should run out of steam so may be worth...
Alcoa Inc., the largest US aluminium producer, has not changed its forecasted growth in demand in 2013 after reporting its first quarter earnings. That should be some comfort to investors in companies making non-ferrous metals, especially aluminium, as fears that the euro zone’s continuing problems...
Rusal official says more aluminum-production cuts are needed to cut record-high inventories. Rusal estimates 1.5 million metric tons of supply should be cut. A 3% reduction in global output could bring LME stocks to pre-2008 levels in two or three years, according to Rusal official. About 1.5...
The GCC is expected to account for 13 per cent of the world’s total aluminium production by the end of 2013, with total output estimated to reach five million tonnes per year by 2014. Aluminium Bahrain, Dubai Aluminium, Emirates Aluminium, Qatar Aluminium, and Sohar in Oman collectively produced...
Higher production in China is worrying stakeholders as the demand for Aluminium is lackluster. The expansion of production units in China in the western region is due to lower power costs in the region. The other regions in China are still struggling due to higher power and raw material costs and...
According to the Aluminum Corporation of China’s annual report, China’s primary aluminum output will likely increase to 24.1 million mt in 2013. Chalco notes that most aluminum producers in China suffered losses last year due to aluminum overcapacity and depressing aluminum prices . Many aluminum...
Price of aluminum for three-month delivery on the London Metal Exchange, on Wednesday (20/3) at 15:20 pm, up 0.13% to U.S. $ 1,939.00 per ton, compared to the price the day before. However, during the week commencing aluminum prices are still falling around 1.37%. Within a week, the price of...
