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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The marginal cost of production will be a key determinant for aluminium prices for the next three years, RBC Capital Markets said in a research note Tuesday. As part of its first-quarter outlook, the Canadian investment bank believed that due to high inventory levels and low capacity utilization...
UBS AG said aluminum will average $1.01 a pound this year and $1.15 a pound next year, with demand growing faster than supply next year. Copper’s average will fall from $3.60 a pound this year to $3.20 a pound next year when supply and demand will be in balance after a shortage this year, Peter...
Aluminum, the second best-performing metal on the London Metal Exchange this year, may extend a rally to $2,295 per ton in the next few weeks, according to technical analysis by Commerzbank AG. “Aluminum has maintained its break higher and continues to correct higher,” Karen Jones, a Commerzbank...
North American secondary aluminum demand will grow over the next few years as diecasters are expected to need more of this product for automotive parts, Gary Borner, vice president of secondary aluminum producer Spectro Alloys, said Tuesday. Diecasting shipments are forecast to grow by 8% and...
While news out of Alcoa initially sounded pessimistic earlier this month, it appears there are some opportunities in the coming year for aluminum production. Alcoa recently announced it was curtailing production and shutting down a facility in Tennessee. The price of aluminum had dropped because...
Japanese metal trading company, Mitsubishi Corporation Unimetals, currently forecasted primary aluminium price at London Metal Exchange would fluctuate in a range at USD 1,800 to USD 2,700 per tonne in CY2012. The company estimated LME aluminium price would maintain weak tone in the first six...
Aluminum use in each vehicle in North America is expected to grow to 400 lbs in 2015 from 343 lbs in 2012, Brad Soultz, vice president and general manager of Novelis, said Monday at the Platts Aluminum Symposium in Fort Lauderdale, Florida, on behalf of the Aluminum Transportation Group. It is...
US aluminum extruder Sapa expects North American aluminum extrusion growth of 5-7% this year, primarily driven by "overall economic conditions," according to Jeffrey Henderson, vice-president of marketing for Sapa North America. Speaking Monday at the Platts Aluminum Symposium in Fort Lauderdale,...
Even though the world’s largest aluminum maker, Alcoa, posted quarterly losses for the first time in two years, global markets welcomed the results and moved higher. Indian markets too followed suit and are trading in the green. For the fourth quarter the company posted a loss of $193 million or...
One of the world's top aluminium producers has forecast that prices will rebound later this year as suppliers cut output, mothballing some smelting plants because of the low price of aluminium, which will result in reduced global supply. Laurent Schmitt CEO of Aluminium Bahrain BSC, the second...
Aluminum jumped to a five-week high in London after Alcoa Inc., the largest U.S. producer, forecast a global production deficit. Alcoa said yesterday that global demand will exceed supply this year by 600,000 metric tons. The New York-based company reported a fourth-quarter net loss of $191...
Aluminium Bahrain BSC the second largest producer of the metal in the Middle East, forecast that prices will recover this year as some suppliers cut output. Mr Laurent Schmitt CEO in a statement said that “Less competitive smelters will have to reduce their production capacity or even shut down in...
Alcoa Inc.’s results may at first alarm investors in aluminium firms. It reported a loss of $193 million (Rs. 1,007 crore today), the first since 2009, due to weaker demand, lower prices and rising costs. Restructuring costs contributed a large chunk, arising from the company’s decision to shut...
Global aluminum production cutbacks may equal 4 percent of capacity, resulting in 2 percent of aluminum output lost for 2012, Goldman Sachs Group Inc. said. With production forecast to exceed demand by 800,000 metric tons, the “buffer for further disruptions and curtailments has disappeared,” Max...
Aluminium Bahrain BSC, the second- largest producer of the metal in the Middle East, forecast that prices will recover this year as some suppliers cut output. “Less-competitive smelters will have to reduce their production capacity or even shut down” in the first half of 2012 because of low...
Swiftness of recovery in demand during CY10 significantly reduced the gap between global production and consumption of aluminium. The earlier fall in global metal demand, which prompted many companies to idle their capacities; gave an opportunity to the same players to restart their operations...
Shares in Australia's Alumina have shot up after its joint venture partner Alcoa gave a positive outlook for aluminium demand. Melbourne-based Alumina's main asset is its 40 per cent stake in Alcoa World Alumina and Chemicals (AWAC), with Alcoa holding the other 60 per cent. Alcoa, the world's...
Alcoa Inc (AA.N) Chairman and Chief Executive Klaus Kleinfeld expects the global aluminum market to turn into a deficit this year, as biggest consumer China closes inefficient capacity even though demand remains robust. At a conservative estimate, the global deficit will be some 600,000 tons, he...
