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Aluminium growth prospect stronger than copper: CRU
07 OCT 20111MINS

Aluminium growth prospect stronger than copper: CRU

Aluminium may be where your money should be as it has a much better prospect than copper, says CRU, the commodities research specialists. He added that Chinese stockpiling had boosted copper prices for a long time but Copper consumption is threatened by three factors- declining Chinese consumption,...

Above average' growth predicted for global aluminium demand
30 SEPT 20111MINS

Above average' growth predicted for global aluminium demand

The aluminium industry is emerging as one of the strongest markets this year as the commodity shows gains in prominence in the recovering transportation and construction industries. The global aluminium market is a steadily growing market in the wake of the recession and is expected to follow a...

ALUMINA SCENARIO
30 SEPT 20112MINS

ALUMINA SCENARIO

NALCO CMD Shri B.L. Bagra,mentioned the following points about Alumina at the 30th Annual General Meeting, held at Corporate Office on 29th September 2011. The global aluminium industry in 2010 was affected by diverse multifaceted economic, political, structural and fundamental factors that had a...

LME aluminium bearish target of USD 2295 per tonne unchanged
22 SEPT 20111MINS

LME aluminium bearish target of USD 2295 per tonne unchanged

A bearish target at USD 2,295 per tonne is unchanged for LME aluminium as a downward wave C is unfolding. This wave is expected to travel the same length as the wave A, to eventually arrive at USD 2,261, a 100% Fibonacci projection level, while a realistic target for Wednesday is USD 2,295, the...

Australia revises mining production outlook
20 SEPT 20111MINS

Australia revises mining production outlook

The latest forecasts for production and exports of key Australian mineral resources Bauxite and Alumina released by the Australian Bureau of Agricultural and Resource Economics and Sciences on Tuesday are unchanged compared to old forcasts. The figure for Bauxite is 68.2 and Alumina is 20.705...

SMM Aluminum Price Forecast (Sept. 19-23)
19 SEPT 20112MINS

SMM Aluminum Price Forecast (Sept. 19-23)

Following China’s Mid-Autumn Festival holiday, SHFE 1111 aluminum contract prices rebounded after falling initially to RMB 17,250/mt, but still faced strong pressure at RMB 17,400/mt due to a lack of long momentum. Market sentiment was sluggish following the holiday due to European debt woes, and...

Aluminum in Australia - Latest Market Research Report
16 SEPT 20111MINS

Aluminum in Australia - Latest Market Research Report

Reportstack, the provider of premium market research reports has announced the addition of 'Aluminum in Australia' market report to its offering. Aluminum in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2006-10, and...

European Metal Trade and Recycling Federation Reports On Aluminium
16 SEPT 20111MINS

European Metal Trade and Recycling Federation Reports On Aluminium

Suddenly, in April a significant decrease in the offers has been noticed in the Benelux and in the rest of Europe. Were they preliminary signs of a worldwide economic recession? The offers and demands for nonferrous items were significantly weaker during the summer holiday. On top of that, it was...

Positive prospects for Aluminium
15 SEPT 20111MINS

Positive prospects for Aluminium

For the aluminum metal,companies have a very positive view mid- to long-term as far as its global demand prospects are concerned. The market for aluminum outside of China “may take a small beating” from the global economic slowdown, according to the company.It is expected that companies will...

Mytilineos sees bright future in alumina in next 5 years
15 SEPT 20111MINS

Mytilineos sees bright future in alumina in next 5 years

Mytilineos Holdings SA, a Greek metals and energy group, may produce 83 percent more alumina, a raw material used in aluminum production, over the next five years, said Evangelos Mytilineos, the company’s chief executive officer. Production should climb from 820,000 metric tons a year to 1.1...

Aerospace, home appliance, and consumer goods sectors create opportunities
14 SEPT 20111MINS

Aerospace, home appliance, and consumer goods sectors create opportunities

Alcoa expects global aluminum demand to grow because of increasing population and urbanization around the world, particularly in China.They have seen many opportunities in China's aerospace, automotive, home appliance, consumer electronics, commercial transportation, and power generation...

Rusal Expects Price of Aluminum to Rise on Demand, Tribune Says
14 SEPT 20111MINS

Rusal Expects Price of Aluminum to Rise on Demand, Tribune Says

United Co. Rusal, the largest aluminum producer, expects the price of the metal to rise to as much as $2,600 a metric ton in the next few months, supported by transport-based demand,deputy chief executive officer Vladislav Soloviev said in interview with La Tribune. Aluminum’s decline to $2,300 a...

SMM Aluminum Price Forecast (Sept. 13-16)
13 SEPT 20112MINS

SMM Aluminum Price Forecast (Sept. 13-16)

SHFE 1111 aluminum contract prices fell at first but rebounded later in the week, with mainstream prices moving between RMB 17,200-17,450/mt and facing strong pressure from the 30-day moving average. Power shortages in southwest China are becoming more severe in September, and aluminum producers in...

Novelis: Aluminium demand may double over next 4 years
13 SEPT 20111MINS

Novelis: Aluminium demand may double over next 4 years

Global demand for aluminum will grow by 25% per year over the next four years, according to the forecast by Novelis Inc. The demand for this metal will increase significantly due to automobile manufacturers, that are already using more aluminum in producing motor cars because of a combination of...

ALUMINUM SEEN AVERAGING $2,650/TON IN 2012 - GFMS
12 SEPT 20111MINS

ALUMINUM SEEN AVERAGING $2,650/TON IN 2012 - GFMS

Aluminum prices should average $2,650 a metric ton in 2012, up 5% from expectations for this year, an analyst at research consultancy GFMS said Friday. GFMS, which was acquired by Thomson Reuters Corp. (TRI) last month, projects an average price of $2,525/ton for 2011, its Managing Director Neil...

UPDATE: Aluminum Rolled Products Demand At 30 Million Tons By 2020 - Novelis
12 SEPT 20111MINS

UPDATE: Aluminum Rolled Products Demand At 30 Million Tons By 2020 - Novelis

Global demand for aluminum rolled products will rise by over 11 million metric tons to 30 millions tons by 2020, a senior executive at Novelis said Friday. Tadeu Nardocci, president of Novelis Europe, told a Metal Bulletin conference in Paris that demand will reach 25 million tons by 2015, driven...

Constellium says no orders fall but eyes 2012 demand
09 SEPT 20111MINS

Constellium says no orders fall but eyes 2012 demand

French aluminium products maker Constellium has not seen an order drop from the increasingly uncertain economic climate, but it expects zero to negative growth in some of its business segments for the remainder of the year, and there are question marks over 2012, its chief executive said on...

Morgan Stanley downgrades Hindalco; cuts price target by half
09 SEPT 20111MINS

Morgan Stanley downgrades Hindalco; cuts price target by half

Morgan Stanley has downgraded Hindalco Industries to 'underweight' from 'overweight' and slashed its price target by nearly half to 126 rupees from 236 rupees as it expects near-term roadblocks for the Indian aluminum industry, relating to coal and bauxite availability. The lack of any sign of a...