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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Near-term demand outlook for non-ferrous metals is likely to remain subdued due to continuing global economic sluggishness, an ICRA report said. “With China being the leader in production and consumption of aluminium, copper and zinc, a moderation in Chinese industrial output over the last few...
Russia’s United Company RUSAL, the world’s top aluminium producer, said it expected orders to pick up towards the year-end due to a rebound in China. Tepid demand for aluminium in an oversupplied market has weighed on producers including Aluminum Corp of China Ltd. Prices have slumped 10 percent...
The global aluminum industry is forecast to reach an estimated US $160 billion in 2017 with a CAGR of 5.3% over the next five years (2012-2017). Increasing application, growing environmental concerns, and the move toward greater use of recyclable materials are driving growth in the worldwide...
Tajikistan, central Asia's biggest producer of primary aluminium, is likely to cut output to just over 270,000 tonnes this year from 277,584 tonnes in 2011, a source close to Tajikistan Aluminium Co's management said on Thursday. The state-owned aluminium smelter, known as TALCO, reduced output by...
The aluminum industry is in 'tough times' but its outlook is expected to improve next year as global economic recovery picks up, Aluminum Corp. of China Ltd. ACH -1.69% President Xiong Weiping said Thursday. "The aluminum industry should recover [next year] but is going through a difficult period,"...
Norsk Hydro ASA sees another tough year in aluminium markets, and with economic uncertainty and low metals prices any improvement in its results has to come from its own cost-cutting efforts. The Norwegian group swung to a net loss in the seasonally weak third quarter, weighed down by depressed...
Reuters reported that abundant stocks of aluminium and lukewarm demand in the global market may cap prices on the London Metal Exchange at about USD 1,950 per tonne on average next year from just above USD 2,000 expected this year. Mr Yang Xiaowu director of futures department at Aluminum...
Abundant stocks of aluminium and lukewarm demand in the global market may cap prices on the London Metal Exchange at about $1,950 per tonne on average next year from just above $2,000 expected this year, a senior Chinalco official said. Yang Xiaowu, director of futures department at Aluminum...
BR reported that Tajikistan's state owned aluminium smelter raised production by 0.2% YoY in the first 9 months of 2012. A source close to the management said that Tajikistan Aluminium Company produced 210,672 tonnes in the January to September period. TALCO has been ramping up production this year...
With the expectation of moderation in growth in India’s industrial production and real gross domestic product (GDP), demand for aluminium is likely to increase at an annual average growth rate of 6% during 2012-2014, says ICRA Management Consulting Services Ltd (IMaCS), a subsidiary of ICRA. IMaCS,...
One of Australia's leading economists says the nation's aluminium industry faces a tough fight for survival, but all hope is not lost. Westpac chief economist Bill Evans stole the show at the Golding Industry Conference yesterday with a fascinating look at the global economy and what the future...
LME aluminium would rebound to $2,030 per tonne, as it has come to a support at $2,004. The support is provided by the 100 percent Fibonacci projection level of a downward wave C. The completion of a five-wave cycle around this level also significantly increases the chance of a rebound to $2,030,...
Alcoa Inc., the largest U.S. aluminum producer, cut its forecast for global consumption of the metal by 1 percentage point on slowing Chinese demand, helping to trigger a decline in Asian stocks for a third day. Demand will climb by 6 percent this year, the New York- based company said yesterday in...
LME aluminium is expected to fall more to $2,004 per tonne, as it has broken below a support at $2,056. The support sits on the 61.8 percent Fibonacci projection level of a downward wave C, which is unfolding towards its 100 percent projection level at $2,004. The lower channel line of a falling...
The International Monetary Fund (IMF) further revised down its forecast for global economic growth for 2012 and 2013 on October 9. The IMF also warned that global economy will continue to deteriorate unless the euro zone debt crisis and the US fiscal tightening are under control. The EU finance...
Tajikistan's state-owned aluminium smelter, the largest in Central Asia, raised production by 0.2 percent year-on-year in the first nine months of 2012, a source close to the management said on Tuesday. Tajikistan Aluminium Company, or TALCO, produced 210,672 tonnes in the January-September period,...
LME aluminium would rise to $2,315 per tonne over the next three months, as a short-term uptrend from the Aug. 16 low of $1,827.25 has not completed. This trend will partially reverse a preceding downtrend that developed from the May 3, 2011, high of $2,803 to $1,827.25. Two waves labelled a and c...
As the GCC countries are among the world's largest consumers of metal products, such as iron, steel and aluminum, the expected production of aluminum may account for over 15 percent of the global production until 2020, if the planned aluminum projects are carried out by the GCC countries,...
