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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LME aluminum prices soared in the first half of this month, while SHFE 1212 aluminum contract prices rose much slower. Last week, LME aluminum prices extended losses, down nearly 4%, whereas the most active SHFE aluminum contract proved resilient, down a mere 1%. The most-traded SHFE aluminum...
The London Metal Exchange aluminum cash price to average $1.08 per pound in 2013 and continues increasing, while warehouse stock financing will maintain profitable through 2014, according to Davenport & Co. Davenport analyst Tim Hayes said Wednesday at the ISRI Commodities Roundtable Forum in...
The Organising Committee of the Arab International Aluminium Conference (ARABAL 2012), which will be held in Doha from 20th to 22nd of November 2012, said that this year’s edition of the conference will include a discussion panel on the aluminium industry in China. The discussion will focus on the...
United Co. Rusal expects the price of aluminum to rise to $2,200-$2,300 a ton before the end of the year, the company's Chief Financial Officer Evgeny Kornilov told Interfax Thursday. He said he hoped that the rise in prices in September is "the beginning of a reversal of the situation" in the...
AmResearch Sdn Bhd has maintained its 'Buy' call on Press Metal Bhd with a lowered fair value of RM2.42, to account for a softer first half of 2012 for the global aluminium market as macro cycles remained fluid. Against this backdrop, the research house said it expected Press Metal's upcoming...
Russia's RUSAL, the world's top aluminium producer, reported sharply lower profits for the second quarter on Monday, battered by high inventories and low prices, and trimmed its outlook for global aluminium consumption. Despite a 72 percent drop in recurring net profit from a year ago, tight cost...
India's aluminium exports could rise 5 percent in the current fiscal year to 325,000 tonnes, despite a slowdown in global demand, a senior industry official said, as falling prices have led rival global producers to cut production. Declining aluminium prices have forced major players such as Alcoa...
Alumina Limited has cut its forecast output for alumina amid sustained low demand and prices, which pushed it to a net loss of $US14.6 million for the six months to June, equal to a loss of 0.6 US cents per share. The company has cut forecasts to 15.5 million tonnes from the annualized production...
Global demand for Aluminium is set to increase in the medium term, in spite of the uncertainties in the international financial markets. Expectations in the industry are optimistic. The recovering demand from all major application markets is felt also by the world’s largest industry trade fair...
With in the S&P GSCI Enhanced Commodity Index, industrial metals returned -4.7 per cent through early June 2012. Whilst not exactly exciting, the space at least held up stronger than energy, which was down 11.1 per cent. Widespread deleveraging and a move to net speculative short positioning in...
Norwegian aluminium producer Norsk Hydro sees further gloom on the aluminium market with weak results expected in the third quarter, its top executive said on Tuesday. "With the LME price we see today, and the uncertainty in the macro economy going forward, we expect that the third quarter will be...
Aluminium producer Norsk Hydro trimmed its market forecast for this year due to weak European demand and said it was working on a cost cutting plan as it reported a smaller-than-expected drop in second-quarter core earnings. "We are now finalising programs across Hydro which in total will yield...
Reuters reported that Standard Bank lowered its outlook for average prices for aluminium, copper and nickel in 2012, while raising the estimate for zinc. The bank cut its 2012 aluminium forecast to USD 2,110 per tonne on average from USD 2,140 per tonne and its 2013 forecast by USD 55 to an average...
Goldman Sachs is constructive on aluminum over the next three months, seeing upside potential to $2,200 a metric ton, thus favors purchasing September London Metal Exchange calls with strikes up to $2,150. According to Goldman, “Over the past month, aluminum has come under pressure following the...
Standard & Poor's Ratings Services has lowered its price assumptions for nickel and aluminum for the rest of this year, noting that "most metals prices are unlikely to fall much further under our base-case scenario for 2012." "Our revised assumptions take into account the notable decline in spot...
Standard & Poor's Ratings Services has lowered its price assumption for aluminum to $0.90/lb ($1,980/mt) for the rest of 2012, from $0.95/lb ($2,090/mt) in January, the company said last Thursday in a report. S&P attributed the move to an 11% decline in aluminum spot price since January, which it...
Aluminium prices may rise by up to 10% in 2-3 months to USD 2,000 per tonne due to subdued supply in the international market, Nalco Chairman B L Bagra said today. "The price of Aluminium should recover from the present level of USD 1,850 a tonne. In the next 2-3 months, it should cross USD 2,000...
Investment bank Dahlman Rose said Tuesday it had lowered its price target on major US aluminum producer Alcoa to $13 from $14.65/share to reflect lower 2013 LME aluminum price estimates. Dahlman lowered its LME aluminum price estimate for 2012 to $0.91/lb from $1/lb and for 2013 to $1/lb from...
