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 Chinese aluminum market will move into surplus in 2013 as new smelters in the country's western provinces come on stream, Janet Kong, managing director of China International Capital Corp., said Wednesday. China will see a deficit of around 500,000 metric tons in 2011 and another deficit in...
LME Aluminum is expected to retrace into a range of $2,161-$2,175 per tonne, as a rebound from the Oct. 20 low of $2,077.75 could have completed. The rebound slowed after it approached a resistance at $2,230, the 38.2 percent Fibonacci retracement on the fall from $2,476 to $2,077.75, and the wave...
Prospects for the aluminium industry have worsened in the short term, with prices and margins weakening on fears of a global economic slowdown. Yet in the long term and the right environment, aluminium — used in a range of products from beverage cans to roofing — can be a good business. Natixis...
Aluminum inventories monitored by SHFE surged by 40,000 mt following China’s National Day holiday due to the approaching delivery date and weak consumption, taking inventories which fell to a record low since February 2008 before the holiday to above 100,000 mt. SHFE three-month aluminum contract...
Australian packaging group Amcor stood by its forecast for "substantially" higher earnings this year,expecting cost savings tied to its Alcan and Ball plastics acquisitions to outweigh rising raw materials costs. "Although economic conditions remain uncertain, the momentum of cost synergies already...
Aluminum producer Alcoa may have fallen short of analysts’ expectations when it reported its third-quarter earnings, but CEO Klaus Kleinfeld is positive about the company and where it’s going. “Aluminum fundamentals are great,” Kleinfeld told Cramer. “We had 13 percent growth of demand last year....
Aluminum Bahrain sales volume for the Q3 surged 8.4% to 220,608 tonnes compared to 203,474 tonnes last year beating the company’s own forecast. Mr Laurent Schmitt CEO of Alba said that the production figures for the Q3 hit 222,552 tonnes up 5% compared to 211,854 tonnes last year. In addition, the...
Our latest materials report The Aluminium Market Analysis, Financials and Forecasting 2011-2016 analyses this dynamic commodity and reveals prevailing trends and anticipates the progression in the global aluminium industry over the next five years. The report also surveys recent market trends among...
Rio Tinto's aluminium output rose 4% in the third quarter against a return of cost pressures in the industry. The miner's share of aluminium production reached 962,000 tonnes, up 4% quarter-on-quarter and 2% higher year-on-year, driven by a resumption of normal production at Laterriere after a...
Alcoa Inc expects global demand for aluminum to hold up into the Q4 despite a falling metal price and fears the global economy may slip back into recession. Mr Klaus Kleinfeld CEO of Alcoa said that Alcoa remains a confident company in a very nervous world. He thought the world was almost worrying...
Aluminum demand may climb by 8 percent to 10 percent annually over the next three to five years on buying from Asia, led by China, and as more of the metal is used in cars and cans, according to Novelis Inc. “We are seeing some demand increases in automobiles and we continue to see year over year...
Alcoa Inc. (AA) Chief Executive Officer Klaus Kleinfeld said the company has raised its Chinese aluminum demand forecast to 17 percent for this year. Chinese demand will exceed supply by 800,000 metric tons, he said today during the company’s third-quarter earnings conference call.
MCX Aluminum may trade with positive bias tracking international exchange. Prices may continue to seek support from falling stocks at exchange warehouses. Stocks at LME fell 18600 tonnes last week. Support for Aluminum October contract is seen at Rs.107 while resistance of Rs.110.5.
Prices for aluminum will bounce back from the current level to between $2,400 and $2,500 a metric ton by the end of the year, deputy head of Russia's aluminum giant United Co. Rusal (0486.HK) said Friday. Speaking to journalists on the sidelines of an investment conference Oleg Mukhamedshin, equity...
Long investors exited the market before China’s National Day holiday due to weak macro economic conditions, and SHFE aluminum prices fluctuated widely last week due to strong short selling pressures. SHFE three-month aluminum contract prices fell below RMB 16,000/mt for the first time in 2011 on...
Harbor Intelligence Tuesday downgraded its outlook for aluminum prices in 2011 and 2012, saying that prices have fallen out of a medium-term upward trend partly as a result of a "significant spike" in fear over a contraction in global manufacturing and the euro-zone debt crisis. The aluminum...
Aluminum will have the strongest demand growth among industrial metals right until the end of 2015, Bloomberg reports. In the next four years, aluminum demand will grow by about 7.6% per year, while in 2015, an oversupply will be replaced by a deficit.
LME aluminum is expected to consolidate in a range of USD 2,130 per tonne to USD 2,203 per tonne for one trading session as it is riding on a wave (4). A Fibonacci retracement on the wave (3) fall from USD 2,438 to USD 2,130 reveals a target for a weak wave (4) at USD 2,203, the 23.6% level while a...
