Aluminium tariffs, not Trump’s alcohol ban, are the bigger threat to BC brewers
The escalating US-Canada trade conflict is putting pressure on the US alcohol industry from two directions. The BC wine and beer industry is facing fresh uncertainty as the US President Donald Trump proposed to block most Canadian alcoholic beverage imports from September 29, 2026. While British...
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...
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Aluminum Association updates on downstream market in US and Canada
Preliminary estimates indicate that aluminum demand in the United States and Canada (shipments by domestic producers plus imports) totaled an estimated 13,063 million pounds through June 2015, up 2.9 percent over the same period last year. Demand for semi-fabricated (mill) products totaled 9,349...
Aluminium market under long liquidation, open interest drops 6.96%
Aluminium settled down -0.34% at 101.10 lost more ground on Monday with both markets dropping to the lowest levels since 2009 on concerns over slowing economic growth in China, the world's top consumer of industrial metals. Aluminium gave up 1.5 percent to $1,524.50 a tonne, its weakest since June...
LME aluminium may end bounce around $1,547
Aluminium may end its current bounce at London Metal Exchange (LME) around a resistance at $1,547 per tonne, as suggested by a Fibonacci projection analysis. The resistance is provided by the 161.8 percent Fibonacci projection level of a downward wave C, which developed from the July 15 high of...
Chinese aluminium smelters to close more capacity on low prices
Loss-making aluminium smelters in China could idle another two to three million tonnes of annual capacity in coming months as metal prices trough at 6 1/2 year-lows. The closures would trim a production surplus in the world's top aluminium producer and consumer, as well as support domestic prices,...
WBMS: primary aluminum market in deficit during Jan - June 2015
The latest report published by the World Bureau of Metal Statistics (WBMS) indicates that global primary aluminum market has recorded a deficit during the initial six months of the year. As per the report, the market turned into a deficit of 380,000 tons when matched with the deficit of 716,000...
China aluminium extrusion operating rate slump to continue in Aug
Operating rates at Chinese aluminum extruders will extend July’s declines in August due to sluggish property and export market, Shanghai Metals Market foresees. The average rate will be 54% for aluminum extruders, with 58% in industrial aluminum extrusion segment and 54% in construction aluminum...
High Purity Alumina Market - APEC to exhibit the fastest growth by 2014 - 2020
Extensive market research has revealed that Asia Pacific is the largest market of high-purity alumina (HPA) attributed mainly to the high concentration of allied industries such as semiconductor and electronics equipment manufacturing industries in China, Taiwan and South Korea. It is then followed...
Aluminium market under long liquidation, open interest drops 9.92%
Aluminium settled down -0.49% at 100.75 tracking weakness from LME aluminum which opened at USD 1,567/mt on Tuesday. LME aluminum touched an intraday high of USD 1,573.5/mt, but was then dragged down by a strong dollar to USD 1,549.5/mt. Finally, the light metal ended at USD 1,551/mt. Also pressure...
Noranda Aluminum drops by -4.97%
Noranda Aluminum Holding Corporation has lost 4.97% during the past week and dropped 17.98% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 5.61%. Noranda Aluminum Holding Corporation has underperformed the index by 16.61% in the...
Fresh selling seen in aluminium, open interest up 4.38%
Aluminium settled down -0.25% at 101.25 as prices of major traded-metals tumbled to multi-year lows since last month as weak Chinese manufacturing data added to the brew of excess supply and a strong dollar that has put pressure on several commodities. China’s consumption of industrial metals...
Aluminium futures gain 0.49% on MCX on global cues
Aluminium gained 0.49 per cent to INR 103.40 per kg in futures trade after speculators widened positions amid positive cues from global markets. Besides, increased demand at domestic spot markets influenced prices. At the Multi Commodity Exchange, aluminium for delivery in August rose 50 paise, or...
Aluminum sag to six-year lows on China demand concern
Aluminum dropped to the lowest since 2009 as demand concerns mounted on the outlook for slower growth in China, the world’s biggest user. Stocks in Shanghai tumbled the most in three weeks as Chinese investors lowered expectations for further monetary stimulus after data showed home-price gains are...
Century Aluminum looks to control costs as aluminum prices crash
Century Aluminum has announced several cost reduction initiatives during its 2Q15 earnings call. Several mining companies, including Freeport-McMoRan, have announced such initiatives. As commodity prices from aluminum to copper are testing their multi-year lows, cutting down on every possible cost...
South Korea aluminium rolled products sales increase in January-July 2015
South Korea's aluminum rolled products sales increased in January-July, an increase of 0.8% year on year. Meanwhile, the country's aluminum cold rolled export sales increased by 20% year on year, despite domestic sales fell further. Novelis, the largest manufacturer in South Korea, said the...
Project Titan cost-improvement programme on track
Aluminium Bahrain B.S.C. (Alba), one of the world’s leading aluminium smelters, is on schedule with its cost-improvement programme - Project Titan. Project Titan, launched in February 2014, is a 2-year programme that aims at reducing Alba’s cash cost by $150/mt. At the end of June 2015, the...
LME aluminum to fall to $ 1,550-1,580 this week, foresees SMM
LME aluminum will fall to $ 1,550-1,580 per tonne this week, Shanghai Metals Market foresees. Expectations are running that that Chinese aluminum semis will flood into overseas market after Chinese yuan depreciated. This, combined with strong resistance at moving averages, will pressure LME...
China Zhongwang resumes trading after rebutting short-selling allegations
China Zhongwang Holdings Limited, the world’s second largest industrial aluminium extrusion product developer and manufacturer, issued a clarification announcement and applied for resumption of trading today. The company provided solid evidence to rebut against the false allegations made in a short...
Muted global trend drives aluminium down 0.6% on MCX
Aluminium prices fell 0.64 per cent to INR 101.65 per kg on Multi Commodity Exchange (MCX) on Thursday after traders reduced their exposure amid weak global cues. Besides, sluggish demand in the domestic spot market weighed. At MCX, aluminium for delivery this month eased 65 paise, or 0.64 per...
