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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China’s aluminum demand will grow 8 to 10 percent annually on average for the next five years on uses from beverage cans to cars, driving up prices over time, according to Novelis Inc., the world’s biggest user. “One would expect the demand in China and Asia to drive up the aluminum price, given...
Alcoa Inc. said on Tuesday it lowered by 1 percentage point its outlook for China's aluminum consumption growth in 2012, but kept its forecast for global demand growth at 7 percent. In 2011, global primary aluminum use grew by 10 percent. Alcoa now expects China's aluminum demand will grow by 11...
Alcoa Inc N> has raised its forecast for aerospace demand growth this year by 3 percentage points, Chief Executive Officer and Chairman Klaus Kleinfeld said in an interview on Tuesday. Speaking with CNBC, Kleinfeld also reiterated the U.S. aluminum producer's 2012 demand growth forecast for the...
UC Rusal, the world’s largest aluminium producer, said it expects China’s aluminium industry to move into a deficit in the next couple of years as the country begins to transfer industry to the western provinces. China would try to solve one of its key problems, high power costs, not by cutting...
Aluminum should continue to outpace other base metals in 2012-13, despite softer demand for the past two quarters, says BNP Paribas. The metal will also be affected by probable slower Chinese growth in 2012-13, not least due to the depressed housing market, the research report says. “Nevertheless,...
Aluminum stocks have been beaten down in recent weeks as signs of slower growth in China and Europe raised questions about the global economy and demand for their products, The Associated Press reports. Over the last month, the Global X Aluminum ETF (ALUM) has fallen roughly 7.36 percent. Five Star...
Aluminum stocks have been beaten down in recent weeks as signs of slower growth in China and Europe raised questions about the global economy and demand for their products. Over the last month, the Global X Aluminum ETF has fallen roughly 7.36%. Five Star Equities examines the outlook for companies...
The global aluminium market is developing in new directions -- new products and production technologies are on their way. New growth opportunities are being empowered by recent technological advancements, output reformations, and vivid regional shifts. Aluminium is expected to retain its high-scale...
Alumina may average $339 a metric ton this year, 12 percent less than in 2011, as world aluminum production slows, according to Australia’s Bureau of Resources and Energy Economics. Output in Australia may climb 12 percent 22.9 million tons in the year to June 30, 2013, as Rio Tinto Group’s...
The Eastern European aluminum industry had total revenues of $9.4 billion in 2010, representing a compound annual rate of change (CARC) of -4.2% for the period spanning 2006-2010. Industry production volumes increased with a compound annual growth rate (CAGR) of 0.1% between 2006 and 2010, to reach...
Full year figures for European output of alufoil in 2011 showed a modest decline in overall production levels, reflecting the cautious outlook throughout the European economic markets. However exports from Europe remained steady according to figures released by the European Aluminium Foil...
China's aluminum industry is likely to grow in 2012 at its slowest rate in more than three years, with consumption likely to rise 5%-10% year-on-year, the chairman of major aluminum producer Henan Shenhuo Group said Thursday. Speaking to Dow Jones Newswires on the sidelines of China's annual...
The 2012 (7th) Shanghai Copper & Aluminum Summit co-organized by SMM and Shanghai Nonferrous Metals Industry Association will be held from March 21-23 this year. The event brings together industry elites to share their views on development of China’s aluminum market. Speeches on development of...
LME aluminium will fall to $2,256.75 per tonne, as it has broken a support at $2,306.25. The break has confirmed the completion of a five-wave cycle on the preceding rise from the Feb. 17 low of $2,150 to $2,356. A further drop from the current level is highly anticipated because the bearish...
Aluminum prices have “officially entered into a technical bull mode” after prices closed above the 200-day moving average for two consecutive days and also met other key technical standards, said Harbor Intelligence in a research note. “Since 2003, when these conditions have been met, LME aluminum...
While the future of the European Union has come into question given the sovereign debt issues of the region, Deutsche Bank remains of the view Europe will stay united as financial stabilisation will eventually be achieved. Assuming this occurs Deutsche expects risks relating to the region may be...
Chinalco expects China's production of primary aluminium to rise 10.5% this year as capacity grows. Chinalco is the country's top aluminium producer through its company Chalco. The trading arm, China Aluminum International Trading Company, sees more new capacity coming on stream in the second half...
LME aluminium is expected to retrace into a range of $2,241-$2,259 per tonne, as it has completed a five-wave cycle. The five waves have made up a bigger wave (3), which will be partially reversed by a downward wave (4). A Fibonacci retracement on the rise from $2,165 to $2,288.50 indicates the...
