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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Aluminum is "attractive at these levels" with 20 percent of China's production losing money, Goldman Sachs Group Inc said. Up to 30 percent of aluminum output outside of China is "loss-making", Goldman Sachs said in a report. "An expected pick-up in consumption would likely tighten the aluminum...
MCX Aluminum may note gains tracking firmness in international exchange. Supporting prices is firmness in copper prices and falling stocks at LME. Stocks at LME rose by 2,050 tons yesterday after declining by 16650 tons last week. Meanwhile cancel warrants ratio jumped to 37.5% signaling demand in...
New market research report on Aluminum Industry in India throws light on Market Opportunities and Entry Strategies. India was the seventh-largest aluminum producer in the world in 2010. The per capita consumption of aluminum in India is very low compared to the consumption in developed markets....
Garey Rittenhouse, PSC Metals’ VP of Non-Ferrous Trading has put up a presentation on aluminum scrap prices at the Harbor Aluminum Outlook conference. “Dependency between ferrous and non-ferrous scrap is very real,” Rittenhouse said, pointing out that when ferrous scrap markets see price...
Demand for aluminium in the auto industry is expected to more than double by 2025 as manufacturers seek lightweight alternatives to steel in an effort to meet ever tightening fuel efficiency regulations. Reuters reports that more and more auto makers are beginning the transition away from heavy...
Research and Markets has announced the addition of a report to their offering: “Aluminum Industry in China - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016: Market Profile” China is the largest producer and consumer of aluminum in the world. China's aluminum consumption...
“There’s nothing new under the sun — history is a good way of analyzing the future.” With that, Jorge Vazquez began wrapping up this year’s Harbor Aluminum Outlook conference with his final forecast of the price of aluminum for the year. (If you’d like the exact numbers, check out Harbor’s value...
BHP Billiton may have to write $2 billion off the value of its aluminium assets as the global economy struggles, industry experts say. And more writedowns could follow if there is no let-up in the poor conditions buffeting the sector, they say. According to research published by Bank of America...
Presentations at the Harbor Aluminum Outlook conference tend to lean towards technical forecasts for aluminum price, inventory levels, and production costs for aluminum. However, equally important are glances at the bigger macroeconomic picture. And this year, the European debt crisis takes center...
At last year’s Harbor Aluminum Outlook Conference, Jorge Vazquez and his team of highly qualified, hard working data and trend crunchers over at Harbor came together to offer a rather optimistic forecast for aluminum prices in 2012. The conclusions they came to, based on “technical indicators,...
U.S. investment bank Goldman Sachs on Monday lowered its 3-month price targets for base metals, citing weaker than expected consumption and a stronger U.S. dollar against the euro. Recent trips across North America confirmed a near complete lack of conviction in the very short-term outlook for...
The short to medium term risk reward for aluminium is attractive from current price levels, Goldman Sachs said in a research note Monday. Although the investment bank has lowered its near-term three-months aluminium forecast to $2,200/mt from $2,400/mt, its current base case remains solid on the...
The aluminum industry on the Indian subcontinent is a highly concentrated sector with five prominent players catering to the majority of the country’s aluminum production. The country has been witnessing growing demand for aluminum in the domestic market accounting for an enviable growth in the...
The aluminum industry on the Indian subcontinent is a highly concentrated sector with five prominent players catering to the majority of the country’s aluminum production. The country has been witnessing growing demand for aluminum in the domestic market, accounting for an enviable growth in the...
Rusal could cut up to 600kt of capacity due to the continued economic downturn, it said. Publishing its Q1 financial results the Russian company said it is currently considering cutting between 300kt-600kt of high-cost smelting capacity starting from H2 2012. The cut represents 4 to 6% of overall...
Novelis, the US unit of India's largest aluminum producer Hindalco Industries Ltd , posted a quarterly loss, hurt by lower average aluminum prices and sales. However, the company expects a rise in demand for aluminum-rolled products in Asia, driven primarily by China, over the next five years. The...
State-owned National Aluminium Company (Nalco) has a "comfortable" coal inventory at an average of 18-19 days and should be able to manage the upcoming monsoon season, BL Bagra, CMD and Director (Finance) told CNBC-TV18. Monsoon is typically a slack period for metal companies in general. The PSU...
Three key regions of the world; North America, Europe and China, are displaying three fairly different outlooks for traders of nonferrous scrap metal. The North American market, especially the United States, is in fairly decent shape. Manufacturing has steadily improved, and movement and prices for...
