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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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...
South Korea aluminum semis exports soar 39.1% in H1
South Korea reported significant growth in aluminum semis exports during H1, in sharp contrast with falling sales in domestic market. The country exported 296,945 tonnes of aluminum semis in H1, up 39.1% year-on-year, according to the Korea National Statistical Office. Domestic sales, however, fell...
China’s Gargantuan aluminum exports poised to soar
China’s ballooning exports of aluminum will probably get even bigger because of the surprise yuan devaluation. The country is the world’s biggest producer of the metal, which is used in everything from beverage cans to airplanes. Many Chinese producers haven’t cut output even amid slumping prices,...
Fresh selling seen in aluminium, open interest up 1.96%
Aluminium settled down -0.2% at 100.35 even after Century Aluminium curtailed capacity at one of its four smelters. Prices also seen under pressure as the market focused on a growing supply glut due to surging exports from top producer China and high stocks. China's exports of primary aluminium...
Aluminium needs new driver to boost demand, observes BofAML
The global economy lacks an immediate driver that could boost global growth and aluminium demand, according to Bank of America Merrill Lynch. Digging a bit deeper on economic activity, China’s recent GDP report is a case point: while the country is stabilising, much of this was driven by relatively...
Goldman Sachs cuts aluminum outlook predicting glut through ’19
Goldman Sachs Group Inc. reduced its aluminum price forecasts by at least 21 percent from 2016 through 2018 because of a global surplus. The bank cuts its predictions to $1,525 a metric ton in 2016, to $1,625 in 2017 and to $1,700 in 2018 from $1,925, $2,100 and $2,200 as it projected a glut of...
Aluminum products exports by China decline from six-month high
Aluminum shipments from China, the world’s biggest producer, fell from the highest level this year amid a decline in global prices. Sales of unwrought aluminum and products slumped 20 percent to 360,000 metric tons in July from 448,980 tons in June, preliminary customs data showed Saturday. While...
Shutdown looms for Balco rolling mill at Korba
Vedanta-controlled Bharat Aluminium Company Limited (Balco) would shut down its rolling mill at Korba, Chhattisgarh, as the crises in the company reportedly deepened following recession in the sector. The rolling mill was commissioned in 1981-82. Besides the rolling mill, the company houses ingot...
Aluminum Corp of China stock getting oversold
In trading on Thursday, shares of Aluminum Corp of China Ltd. entered into oversold territory, changing hands as low as $8.44 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to...
NMDC and Nalco stocks look attractive after a year-long decline
After a sharp fall over the last one year, stocks of state-owned mining companies -NMDC and Nalco -look attractively valued for investors who prefer to buy companies with good dividend yields. Cash on the books of NMDC as on March 31, is almost half of its market cap, while in case of Nalco it is...
Aluminium hits six-year low on firmer dollar
Aluminium hit a six-year low on Wednesday while other base metals also slipped as the dollar strengthened on speculation that the United States was closer to raising interest rates, a view bolstered by strong economic data. But losses were held in check after data showed activity in the services...
Fresh selling seen in aluminium, open interest up 3.75%
Aluminium settled down -0.34% at 102.55 traded under pressure from a globally oversupplied market due to Chinese exports. Three-month Lme aluminium earlier touched a six-year low at $1,601.50 a tonne, a drop of more than 20 percent since early May. The metal used in transport and packaging ended at...
Aluminium prices not curbing Chinese output
Chinese aluminum producers aren't curbing their output despite the metal's slump to a six-year low, suggesting the price of one of the world's most heavily-traded metals still has far to go before finding a floor. Metals producers normally usher in supply cutbacks when prices fall as hard as they...
Aluminum Association updates on aluminum net shipments in North America
According to the Aluminum Association reports Aluminum net shipments (including exports) by domestic U.S. and Canadian facilities totaled an estimated 1,941 million pounds during June, up slightly (0.4 percent) over the June 2014 total of 1,933 million pounds. Shipments of aluminum mill products...
Aluminium hits six-year low as manufacturing weakens in China
Aluminum falls to a six-year low after manufacturing weakened in China, the largest metals user. A private Chinese factory gauge released on August 3 fell to a two-year low in July and an official index last week slipped to the lowest in five months, adding to a near-$4 trillion rout in Chinese...
India's aluminium beverage can market expected to reach INR 15 bn by 2017
India's beverage packaging industry reported a significant growth in 2014. Backed by rising disposable income among urban Indians and resulting need for increased convenience, consumption of beverages reached a new height previous year. Now, the main focus of the industry lies on sustainable...
Aluminium demand picks up in China with improved domestic macro-economy
Demand for aluminium has gradually picked up in China along with improved domestic macro-economy. Especially in domestic real estate market, the sales volume and selling price of apartment and house have rebounded. Domestic aluminium price has declined significantly. There is an expectation that...
Rusal sees 2015 aluminum output to be flat with 2014
Rusal has no intention of restarting aluminum smelters idled in 2013 and sees its aluminum output this year to be flat with 2014, it said in its quarterly report. The aluminum giant produced 908,000 tonnes of aluminum in Q2, up 0.8% quarter-on-quarter (QoQ) and 1.1% year-on-year. However, its...
