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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Norsk Hydro expects aluminium demand to remain strong, despite the current economic gloom. Its CEO Svein Richard Brandtzæg told a capital markets day that aluminium fundamentals remain promising due to the metal’s many positive qualities, including its light weight and recyclability. He said world...
Base metals continued to trade southwards on Wednesday amid strengthening US dollar and mounting European debt crisis contagion fears still dogged out in the market. Eurozone finance ministers agreed to leverage EFSF by introducing two options, sovereign bond partial risk protection and a...
Norsk Hydro ASA sees growth in global aluminium demand slowing next year as a result of economic turbulence that is creating a weak market and pushing many industry players into the red. Hydro, one of the world's top aluminium producers, said it saw demand for primary aluminium outside China rising...
China's annual capacity of primary aluminium may rise by 60 percent in coming four years as smelters build new facilities in resource-rich western and northern provinces, a director at the state-backed China Nonferrous Metals Industry Association said on Wednesday. Hu Changping said capacity would...
The short term outlook remains challenging as the industry experiences higher input costs and lower LME prices which are currently well below the industry's marginal cost of production. At current prices, Rio Tinto Alcan's underlying earnings are expected to be around break even in the second half...
LME aluminum will rebound to $2,043 per tonne, as a wave (3)-3 has completed. A Fibonacci retracement analysis on the fall from $2,130 to $1,990 reveals a target at $2,043, the 38.2 percent level, which could be the ultimate high the current wave (3)-4 could reach. Support is at $1,990, a break...
“Aluminium supplies will struggle to meet surging global demand over the next decade, leading to price rises, according to the head of Alcoa, the world’s largest producer of the metal. Over the past 20 years, aluminium demand grew an average 3.4 per cent a year, made up of 15 per cent annual growth...
Less volatile prices and supply certainty are just two factors that will make aluminium stand apart from other industrial metals including copper in the next decade, a senior analyst at consultancy CRU Group said on Wednesday. "We are predicting at least a decade now of aluminium being the...
LME aluminum will fall to $2,097 per tonne, a low touched on Nov. 10, as pointed by the lower channel line of a falling channel. There are two small five-wave cycles on the fall from the Nov. 14 high of $2,197, indicating the metal is riding on a powerful wave (3) which will become a key driver in...
Expected price of aluminum at FOREX following the results of 2011, according to broker FOREX Club’s forecast version, has been announced. The forecast for the 4th quarter says that year-end price of aluminum may rise up to $2,550 to be by 8.5% higher against the third quarter’s figure. In the...
Aluminum output may drop in the first half of next year as producers increase idled plants to as much as 15 percent of global capacity, said United Co. Rusal, the world's largest supplier. China, Europe and the U.S. may shut down plants, Rusal First Deputy Chief Executive Officer Vladislav Soloviev...
China aims to produce 24 million metric tons of aluminum per year by the end of 2015, the National Business Daily reported Tuesday, citing a senior official from the semi-official China Nonferrous Metals Industry Association. Beijing also plans to bring 75% of the country's aluminum capacity under...
The Polish aluminum industry had total revenues of $105.3 million in 2010, representing a compound annual rate of change (CARC) of -9.3% for the period spanning 2006-2010. Industry production volumes decreased with a CARC of -5.1% between 2006 and 2010, to reach a total of 46.9 thousand tons in...
China aims to produce 24 million metric tons of aluminum per year by the end of 2015, the National Business Daily reported Tuesday, citing a senior official from the semi-official China Nonferrous Metals Industry Association. Beijing also plans to bring 75% of the country's aluminum capacity under...
Aluminum prices have the best chances of rising in 2012, among all six base metals traded on the London Metal Exchange, as the metal is "a nation-building material and an emerging middle class material [in auto and consumer-packaging sectors]," Paul Robinson, group manager of nonferrous metals at...
China's consumption and supply of aluminium other metals increased substantially in 2010 due to base effects as the world's second largest economy returned to growth above 9%.We expect strong growth in both supply and demand across these sectors as China continues to feed its near insatiable hunger...
Norway's Norsk Hydro warned uncertain macro conditions could soften demand for aluminum as it posted a smaller-than-expected rise in third-quarter earnings on Thursday. The firm stuck to its view that global demand for aluminum would rise by 7 percent in 2011, but said markets had weakened and that...
Harbor Intelligence says global aluminum output is at record highs, but still sees a “challenging” outlook. Based on International Aluminum Institute data, global primary aluminum production grew in September to an annualized rate of 45.05 million tons, up 11.7% from a year ago with China...
