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Aluminum demand to grow at double-digit rates in 2011 - Brazil
01 JUL 20111MINS

Aluminum demand to grow at double-digit rates in 2011 - Brazil

Consumption of copper and aluminum in Brazil is expected to continue growing at double-digit rates in 2011, according to estimates from UK-based investment bank Barclays Capital. "Adding to the recent strength in metal demand is, in our view, the initial stage of a strong infrastructure investment...

Aluminum price to climb to USD 3000 per tonne next year - UC RUSAL
27 JUN 20111MINS

Aluminum price to climb to USD 3000 per tonne next year - UC RUSAL

Mr Vladislav Solovyov the deputy chief executive of Russia’s United Company RUSAL predicted that the international aluminum prices would climb to USD 2,700 per tonne to USD 3,000 per tonne next year driven by increasing demand from global market, the recovery of global economy and the rising prices...

    Analysts Predict Higher Prices for Aluminum
24 JUN 20112MINS

Analysts Predict Higher Prices for Aluminum

Analysts at Harbor Intelligence’s Annual ‘Aluminum Outlook Conference’ are predicting stable to higher aluminum prices on the year. Despite high inventories of aluminum in warehouses, the analysts agree that demand growth and a looming supply issues in China will move the price higher. A poll of...

Rusal Forecasts 2011 Aluminum Price at $2,600 to $2,800
23 JUN 20111MINS

Rusal Forecasts 2011 Aluminum Price at $2,600 to $2,800

United Co. Rusal, the world’s largest aluminum producer, said prices will average between $2,600 and $2,800 a metric ton this year. Rusal’s First Deputy Chief Executive Vladislav Soloviev announced the prices to reporters in Hong Kong today. The price for three-month delivery has averaged $2,575 a...

China Aluminum Demand Seen Expanding With Economy, Analyst Says
22 JUN 20111MINS

China Aluminum Demand Seen Expanding With Economy, Analyst Says

China’s aluminum consumption will probably grow at the same rate as the country’s economy, said Lilian Luca, a managing director at Beijing Axis, a commodity adviser. China’s gross domestic product may grow at an average 8 percent to 9 percent for the next 10 to 15 years, Luca, who is based in...

Stable-Higher Aluminum Expected From Participants, Delegates At Conference
22 JUN 20111MINS

Stable-Higher Aluminum Expected From Participants, Delegates At Conference

Analysts and delegates attending an aluminum conference in Chicago this week look for stable to higher prices and premiums next year. A series of speakers at Harbor Intelligence’s Annual Aluminum Outlook Conference spoke on topics such as improving demand helped by the auto and commercial aircraft...

    How to Forecast Aluminum Prices
22 JUN 20111MINS

How to Forecast Aluminum Prices

Perhaps it isn’t a surprise that at the first panel of Harbor Aluminum’s Outlook conference here in Chicago, China played a big role. But China didn’t overshadow the fundamental keystones to good intelligence and analysis that Jorge Vazquez and his team at Harbor provide, especially with the...

Aluminum producers buoyant on Russian demand outlook
20 JUN 20112MINS

Aluminum producers buoyant on Russian demand outlook

Over the last year aluminum prices have increased from USD 1800 to more than USD 2600 per tonne with major manufacturers seeing further upside ahead. The World Bureau of Metal Statistics said that in the Q1 of 2011, global demand for aluminum in the world amounted to 10.07 million tonnes, 360,000...

Alcoa Shines on Solid Aluminum Demand
17 JUN 20111MINS

Alcoa Shines on Solid Aluminum Demand

Alcoa’s (NYSE:AA) total alumina shipments rose from 14.6 million tons in 2006 to 16.5 million tons in 2010 with a blip in 2009 due to unfavorable economic conditions that led to a decline in the overall industrial output and demand for aluminum. Alcoa, which competes with mining giants like Rusal,...

    Demand growth for aluminium to be about 15pct - NALCO
16 JUN 20113MINS

Demand growth for aluminium to be about 15pct - NALCO

In an interview with ET Now, Mr BL Bagra CMD of NALCO talks about the aluminium demand and company's prospects. Excerpts: Q - How do you see the demand for aluminium in India for FY12 do you see it rising? A - The growth of demand in India is mainly triggered by the power transmission industry and...

Demand growth for aluminium to be in range of 13%-15%: NALCO
15 JUN 20112MINS

Demand growth for aluminium to be in range of 13%-15%: NALCO

In an interview with ET Now, BL Bagra, CMD, NALCO, talks about the aluminium demand and company's prospects. Excerpts: ET Now: How do you see the demand for aluminium in India for FY12 do you see it rising? BL Bagra: The growth of demand in India is mainly triggered by the power transmission...

UBS cuts price target on Alcoa
15 JUN 20111MINS

UBS cuts price target on Alcoa

UBS analyst Brian MacArthur has aggressively cut his price target on Alcoa Inc. (AA-N15.410.312.05%) ahead of the aluminum giant’s second-quarter results on July 11, citing - among other factors - higher raw material, maintenance and energy costs in upstream operations. He’s forecasting earnings...

UBS cuts price target on Alcoa
15 JUN 20111MINS

UBS cuts price target on Alcoa

UBS analyst Brian MacArthur has aggressively cut his price target on Alcoa Inc. (AA-N15.410.312.05%) ahead of the aluminum giant’s second-quarter results on July 11, citing - among other factors - higher raw material, maintenance and energy costs in upstream operations. He’s forecasting earnings...

    Post-Recession Outlook Positive for Aluminum, Say Mill Execs
08 JUN 20112MINS

Post-Recession Outlook Positive for Aluminum, Say Mill Execs

The U.S. aluminum market improved more last year than many had expected and this year may be even better, predicted Steven Demetriou, chairman and chief executive officer of Aleris International Inc., Beachwood, Ohio. Demetriou was part of a press roundtable at the Aluminum Association and Aluminum...

    Aluminum Demand To Rise 12% In 2011 Amid Industry Recoveries
08 JUN 20111MINS

Aluminum Demand To Rise 12% In 2011 Amid Industry Recoveries

A recovery in global auto and aerospace demand and continued strength in emerging markets should underpin a sharp rise in aluminum demand this year, an executive at the world's largest producer of the metal said Tuesday. Speaking at an industry conference, Kevin Anton, chief sustainability officer...

Harbor Intelligence aluminum prices still in correction
07 JUN 20111MINS

Harbor Intelligence aluminum prices still in correction

According to report of Harbor Intelligence, global leader in aluminum industry analysis and outlook, LME aluminum prices were still in the correction and the demand from global end users have been decreasing. Harbor Intelligence indicated that the aluminum would settle down at USD 2,400 per tonne...

Aluminum Corporation of China (ACH) Could Fall Through $20.43 Support Leve
07 JUN 20111MINS

Aluminum Corporation of China (ACH) Could Fall Through $20.43 Support Leve

According to report of Harbor Intelligence, global leader in aluminum industry analysis and outlook, LME aluminum prices were still in the correction and the demand from global end users have been decreasing. Harbor Intelligence indicated that the aluminum would settle down at USD 2,400 per tonne...

World's Biggest Aluminum Maker Sees Price at $2,700
03 JUN 20111MINS

World's Biggest Aluminum Maker Sees Price at $2,700

Aluminum will average $2,700 per ton for the year, the deputy chief executive of Rusal, the world’s largest aluminum company, told CNBC in an interview Friday. "I personally think there will be a $2,700 average for this year for aluminum," Maxim Sokov, deputy to Russian tycoon Oleg Deripaska at...