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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As chief executive of Rusal, the world’s biggest aluminium producer, he has a ringside view of what is going on in the commodity markets and the turmoils of his own sector. Last month mining giant Rio Tinto waved goodbye to its chief executive Tom Albanese, as it wrote another $10bn (£6.4bn) to...
The Aluminum Corporation of China (Chalco) Wednesday predicted huge losses for 2012 due to the sluggish domestic aluminum market, but projected that its coal projects in China and abroad will bring profits in 2013. In 2012, the price of aluminum dropped by some 7 percent year-on-year. Chalco also...
Qatalum CEO Tom Petter Johansen outlined the Qatari aluminium smelter's perspective on the trends in the global aluminium industry and forecast usage growth in the country and elsewhere in the GCC (Gulf Co-operation Council) at a symposium held at the Qatar Science Technology Park (QSTP) recently....
Consumption of aluminium is set to rise between now and 2020, according to a recent market report. According to Roskill Information Services, global production of aluminium has grown by an average of 6.6% between 2002 and 2011 and by 18.4% in China. Consumption growth over the same period was 5.9%....
Aluminium prices should improve slightly this year, despite an expected surplus of the metal and the likelihood of overproduction in the years ahead, Deutsche Bank said in its quarterly commodities review. Aluminium posted a spot return of about zero last year, the bank said. The aluminium market...
Rio Tinto's latest write-down of its aluminium assets supports our view that weak pricing and net market surpluses are likely to continue for at least the next two years, pressuring producer profitability, Fitch Ratings says. The charge of between $10bn and $11bn is not a surprise given the state...
After declining for two straight days, LME Aluminium forwards are trading up $ 2051 per tonne from $ 2040 per tonne at Tuesday's settlement. The markets have come off their highs but still managing to stay in green on the back of bargain buying. LME Aluminium declined from $ 2116 per tonne levels...
Alcoa — the largest US aluminium producer — sees global demand growth for the commodity recovering to 7% this year as China’s economic rebound drives demand for cans, transport and office buildings. Aerospace demand would increase by as much as 10% as aircraft makers faced record backlogs, the...
Norwegian aluminium maker Norsk Hydro maintained its outlook for primary aluminium demand this year, even as rival Alcoa released a bullish projection a day earlier, its top executive said on Wednesday. "We haven't changed our position for the future growth of aluminium," Chief Executive Richard...
Spending on China’s power grid, a major consumer of copper and aluminium is forecast to rise at a faster pace in 2013. The State Grid Corporation of China has increased its 2020 target to 94 500km of UHV lines laid compared with 78 000km in the previous target an increase of 21% Barclays said in a...
Shares in Australian company Alumina have risen after aluminium giant and joint venture partner Alcoa beat sales expectations and forecast a rise in demand in 2013. Alcoa kicked off the US earnings season posting net income of $US242 million ($231.5m), compared to a $US193m net loss from the same...
Asian stock markets rose Wednesday after the fourth-quarter earnings season got off to a positive start in the U.S. with aluminum giant Alcoa forecasting higher demand for 2013. Demand for aluminum has been hurt by the weak global economy, but Alcoa predicted a 7 percent increase in demand this...
Alcoa Inc, the largest aluminum producer in the United States, is cautiously optimistic demand for the metal will continue to grow in 2013, helped in part by strong sales to aerospace and construction customers. Executives offered a positive outlook on Tuesday for 2013, but kept a cautious tone as...
America's largest aluminum producer, Alcoa, as the usual way fired the starting shot for the U.S. reporting period on Tuesday evening, predicts that the global demand for aluminum will increase by 7 percent in 2013. The forecast is based on an economic recovery in China will drive demand for cans,...
The record glut in aluminum will be no bar to rising prices because of delays in getting metal from warehouses, even as Barclays Plc advises investors to sell and Morgan Stanley says it has the worst outlook of any commodity. Stockpiles will expand for at least the next four quarters, reaching a...
Apple’s recent announcement to give manufacturing companies in the US some production of its Mac computers has received plenty of media attention as well as excellent analysis of the rationale companies give for re-shoring. MetalMiner recently spoke with Steve Jackson, business development manager...
Alcoa Inc. (AA), the largest U.S. aluminum producer, may have its credit rating cut to junk by Moody’s Investors Service Inc. after the price of the metal slumped. Moody’s placed Alcoa’s Baa3 senior unsecured rating, the lowest investment-grade level, under review for downgrade, the ratings company...
Norwegian aluminum producer Norsk Hydro is forecasting global aluminum demand to grow 2-4% in 2013, excluding China, after the 2% expansion verified in 2012, mostly due to international market recovery and the current process of capacity cuts and inventories reduction. Big players in the industry...
