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Chinese aluminum consumption forecast to climb 12pct YoY
20 DEC 20101MINS

Chinese aluminum consumption forecast to climb 12pct YoY

...It is reported that United Company Rusal estimates an 8%YoY growth in the worldwide consumption of aluminum in 2011 to 43.8 million tons as demand from the European Union, US and Japan recover...

Rio Tinto cautious on aluminium outlook
20 DEC 20101MINS

Rio Tinto cautious on aluminium outlook

...The aluminium division of Rio Tinto will push ahead with modernization and Brownfield projects aimed at boosting cost competitiveness. Rio Tinto Alcan remains positive about the long term outlook for the sector despite some medium term caution...

Hulamin expects lower earnings
16 DEC 20101MINS

Hulamin expects lower earnings

...Aluminium producer Hulamin [JSE:HLM] said on Wednesday that it expects headline earnings per share of between 19 cents and 23 cents for the year ending December 2010, from 37 cents previously...

Major aluminum market developments in November
16 DEC 20101MINS

Major aluminum market developments in November

...Reuters reported that the global aluminium market will be in supply surplus again next year as demand growth will slow from this year while production continues to rise...

World Aluminium Prices Expected To Average Higher In 2011: ABARE
15 DEC 20101MINS

World Aluminium Prices Expected To Average Higher In 2011: ABARE

...World Aluminium prices are expected to average higher in 2011 as per the report from Australian Bureau Of Agricultural Resource And Economics (ABARE). The report mentions that the demand for Aluminium will be coming from developing economies...

Yunhai Metals Expects 2010 Earnings To Surge 510%
10 DEC 20101MINS

Yunhai Metals Expects 2010 Earnings To Surge 510%

...Nanjing Yunhai Special Metals (002182) expects 2010 net profit attributable to shareholders to surge by between 460 percent and 510 percent year-on-year to 28-31 million yuan, reports Securities Daily, citing a company filing...

Aluminium prices may rise 11% by end of fiscal
03 DEC 20101MINS

Aluminium prices may rise 11% by end of fiscal

...Despite higher inventory level of aluminium at the London Metal Exchange (LME), prices of aluminium are set to rise to $2,400-$2,500 a tonne by March 2011 on the back of good demand from various sectors like aviation, transportation, electronics among others...

Aluminium Prices To Show Resilience Going Forward, Dips Should Be Bought
03 DEC 20101MINS

Aluminium Prices To Show Resilience Going Forward, Dips Should Be Bought

...Aluminium prices in the last one-month have shown the perfect rounding bottom pattern. The prices on major exchanges were trading with strong gains till the first half of November from where it dipped from the tensions of Korea and declines of EURO against the Dollar. The markets took negative...

India's aluminium production to reach 5 MT by 2015: Handique
02 DEC 20101MINS

India's aluminium production to reach 5 MT by 2015: Handique

...The government today said aluminium production in the country is expected to touch 5 million tonnes per annum (MTPA) by 2015 from the present 1.3 MTPA on back of capacity expansion programme by metal producers...

Aluminium Recycling forecast to grow by 75pct in the next decade
22 NOV 20101MINS

Aluminium Recycling forecast to grow by 75pct in the next decade

...Worldal reported that industry forecasts point toward 75% growth in aluminium recycling in the next decade. Mr Roland Scharf Bergmann head of Hydro's Recycling unit attributes the growth to a change in mindset and perceptions in our society...

Analysis - Short-term gain, long-term pain for aluminium prices
22 NOV 20101MINS

Analysis - Short-term gain, long-term pain for aluminium prices

...Aluminium will climb to $2,700 a tonne next year, as improving demand, exchange traded products (ETPs) and falling output in top producer China, buoy prices...

Aluminium Recycling Forecast to Grow by 75 Per Cent in the Next Decade
19 NOV 20101MINS

Aluminium Recycling Forecast to Grow by 75 Per Cent in the Next Decade

...Industry forecasts point toward 75 percent growth in aluminium recycling in the next decade. Roland Scharf-Bergmann, head of Hydro's Recycling unit, attributes the growth to a change in mindset and perceptions in our society...