US industrial policy needs to be systematic, not just ad hoc – Part 2
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 2 Impact #5 of ad hoc industrial policy: Failing to use all required tools Industrial policy is often caricatured as just tariffs and subsidies. Mis-framed debates that evaluate the merits of tariffs in...
US industrial policy needs to be systematic, not just ad hoc – Part 1
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 1 After decades during which the very concept was taboo and the reality swept under the rug, the US has now rediscovered industrial policy. But this rediscovery remains incomplete, as too much of it is...
Grow with
AL Circle
Aluminium futures weaken on global cues
Aluminium futures today traded 0.42 per cent lower at INR 106.75 per kg as speculators reduced their positions amid weak global cues. Furthermore, subdued demand in the domestic spot market also weighed. At Multi Commodity Exchange, aluminium for delivery in September eased 45 paise, or 0.42 per...
Redesigned Aluminum Statistical Review highlights demand growth for 5th straight year
The Aluminum Association released the latest edition of the Aluminum Statistical Review for 2014 on September 17, 2015 . The 2015 edition of the Review, which features a new design and statistics through 2014 in the North American market, includes information on every cycle of the aluminum...
Challenging market to affect Hindalco's performance: KM Birla
The challenging conditions in the commodities market, particularly the aluminium sector, will impact Hindalco's performance in the short term, said Hindalco Chairman Kumar Mangalam Birla. Birla, also the Chairman of the Aditya Birla Group, said improved aluminium fundamentals and large-scale...
Booming aerospace materials market will buoy demand for aluminium alloys
The aerospace materials market is expected to reach $23.8 billion in 2022, reveals data from a recently published report. The main drivers for the growth of the global aerospace market are change in technology, increased aircraft size, and high replacement rate. Buoyed by this steady growth, demand...
ISRI Scrap Yearbook 2015 provides insight into the recycling industry
The Institute of Scrap Recycling Industries (ISRI) recently released its fourth annual ISRI Scrap Yearbook, providing the most comprehensive information and statistical look at U.S. scrap recycling, as well as a detailed look at the global nature of recycling, how it has evolved and operates, and...
Aluminium up by 0.3% as spot demand hardens
Aluminium prices edged up by 0.28% to INR 107.25 per kg in futures trade today as participants enlarged positions amid a firming trend overseas. Besides, strong demand in spot markets influenced metal prices. At Multi Commodity Exchange, aluminium for delivery in the current month inched up 30...
Aluminium expected to trade higher in mid-September
Base metals nickel and aluminium are likely to experience a price hike by the middle of September due to various positive global cues, observed a market research group. The white metal will get a price boost on production upgrade from a giant Russian bauxite producer, the analysts forecast. “ We...
Supply glut not China slowdown is behind tumbling aluminum prices, says Rusal’s Deputy CEO
Some have blamed China’s economic slowdown for slump in global aluminum prices , which have fallen to the lowest since July 2009. However, that is most unlikely, opined Rusal’s Deputy CEO Oleg Mukhamedshin. Mukhamedshi argued that supply glut is the true culprit behind lower aluminum prices. In...
Aluminium futures weaken on global cues
LME aluminium may seek a support in a zone of $1,611-$1,618 per tonne, before rising again. The zone has been formed by the 150 percent and the 161.8 percent Fibonacci projection levels of an uptrend from the Aug. 26 low of $1,525.50, based on the rise from the Aug. 24 low of $1,506 to the Aug. 25...
Vedanta Aluminium goes on workforce reduction, cost cuts
Mining giant Vedanta Resources has resorted to "aggressive cost reduction" and "workforce reduction" in its aluminium segment amid subdued and volatile market conditions globally.The Anil Agarwal-led mining conglomerate said sharp rise in Chinese exports has led to a short-term market saturation...
Hindalco said to refinance INR 14,700 crore of loans
Hindalco Industries Ltd, the Indian aluminium producer backed by billionaire Kumar Mangalam Birla, refinanced about INR14,700 crore ($2.2 billion) of debt. Shares extended gains. The Mumbai-based company got the average maturity of its local-currency project loans extended by 10 years, two of the...
Aluminium futures weaken on sluggish demand
Aluminium fell 0.14 per cent to INR 106.60 per kg in futures trade today after traders reduced their exposure due to sluggish demand at the domestic spot market amid drop in China exports. At Multi Commodity Exchange (MCX), aluminium for delivery in September eased 15 paise or 0.14 per cent to INR...
Nalco may be taken out of disinvestment calendar
Government of India may take out state-owned aluminium major Nalco from the disinvestment calendar for the current fiscal over fears that a volatile capital market coupled with sluggish commodity prices may sharply erode the Centre’s earnings from the proposed 10 per cent stake sale in the company....
SMM aluminium market morning review
LME aluminum hovered narrowly around the 40-day moving average after opening at USD 1,616/mt on Monday. The light metal fell below the 5-day moving average to USD 1,595/mt later in the day before ending down USD 12/mt at USD 1,598/mt. Trading volumes were down 2,353 lots to 6,948 lots, and...
Aluminium rises by 0.3% on global cues
Tracking firmness in base metals overseas coupled with strong demand at domestic spot markets, aluminium prices edged up 0.33% to INR 107.75 per kg in futures trade today as participants enlarged positions. Marketmen said apart from increased domestic demand, a firming global trend ahead Chinese...
Russia aluminum exports soar in Jan-July on weaker Rouble
Russia’s aluminum exports soared during the first months of this year, driven mainly by sharp depreciation of rouble against the US dollar. The country exported 2.03 million tonnes of aluminum January-July, up 21% from a year ago, as per data from the Russian Federal Customs Service.
SMM aluminum market morning review
US non-farm payrolls missed forecasts, but jobless rate hit over 7-year low. LME aluminum fell back after opening higher at USD 1,630/mt last Friday. The light metal ended down USD 15/mt or 0.92% at USD 1,610/mt. Trading volumes were down 5,374 lots to 9,301 lots, and positions were up 3,003 to...
China consolidation could trim metal oversupply
China is planning a reshuffle of state-owned industrial assets, according to the Financial Times. The next logical step will be to shutter unviable units of their consolidated operations. If that happens, China will be doing the metals industry a big favour in the long run. The newspaper report...
