LME aluminium price eases 0.3% on September 10; stocks remain stable at 244,525/t
The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
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...
Grow with
AL Circle
Rexam jumps on 'fantastic' opportunity for beverage cans in India
The beverage can remains a ‘novel’ form of packaging in India, according to manufacturer Rexam. But having seen a 72% increase in sales volume in 2014, the company predicts the packaging will become much more popular. The beverage can currently represents just 1% of the Indian beverage packaging...
Aluminium outlook appears neutral according to Fibonacci projection
LME aluminium looks neutral in a range of $1,780-$1,805 a tonne, and an escape will point a direction. The range has been formed by the 23.6 per cent and the 61.8 per cent Fibonacci projection levels of an upward wave C, the third wave of a presumed three-wave cycle developed from March 12 low of...
Aluminium up by 0.5% on pick-up in demand
Aluminium futures edged higher by 0.50% to INR 111.40 per kg today as speculators enlarged positions amid pick-up in demand at spot markets. Besides, a firming trend in base metals pack at London Metal Exchange supported the upside. At Multi Commodity Exchange, aluminium for delivery in March rose...
Update: Orbite updates market on public offering and announces postponement of shareholders meeting
Orbite Aluminae Inc. announces that as a consequence of recent market activity and conditions, it will not be proceeding with the public offering of convertible debentures disclosed in its press release dated March 23, 2015. Also, as circumstances have evolved since the calling of the special...
Orbite announces proposed public offering of units
Orbite Aluminae Inc. is pleased to announce that it proposes to offer for sale a minimum of 8,500 units of the Company (each, a "Unit") and a maximum of 15,500 Units at a price of $1,000 per Unit for minimum gross proceeds of $8,500,000 and maximum gross proceeds of $15,500,000 (the "Offering")....
Aluminium marginally up on global cues
Aluminium futures traded a shade higher at INR 111.70 per kg today as speculators enlarged exposures on pick-up in spot demand. However, the metal's weakness overseas capped the gains. At the Multi Commodity Exchange, aluminium for delivery in March traded higher by 15 paise, or 0.13%, at INR...
Ess Dee Aluminium gains 19% at BSE
Ess Dee Aluminium has bounced back strongly in intra-day deals on the back of strong volume after registering a fresh 52-week low in early trade on the BSE. The stock hit a fresh 52-week low at Rs. 125.50 - down 8 per cent in early deals. The stock, however, soon recouped losses and bounced back...
Aluminium market under long liquidation, open interest drops 11.43%
Aluminium settled down -1.74% at 110.05 as pressure seen after the report that Chinese buyers of primary aluminium are reluctant to book imports for the second quarter as they hold limited cash and as falling premiums prompt them to postpone purchases. While China is the world's top producer of...
LME wants more electronic trading, deals with aluminum warehousing fallout
The London Metal Exchange wants to grow its electronic trading marketplace. Executives at the world’s biggest and oldest market for industrial metals believe they can grow it quite rapidly if the right conditions are put in place. Paul MacGregor, the exchange’s head of sales, said at an LME event...
Uncertainties surrounding Hindalco affecting its market performance
Hindalco stocks were seen to slide on Monday by as much as 6 percent in an otherwise dull trading session ending the day at INR 126.90 on the BSE, still down by 3.4 percent. Reasons for the weak performance in the market is attributed to the uncertainty surrounding the company, with coal blocks...
Aluminium industry bags more coal mines indicating rising demand for the metal in India
In the recent Indian coal auctions, aluminium bagged more coal mines than steel as a result of aggressive bidding from aluminium producers pointing to a rising domestic demand for the metal. While aluminium is an energy intensive metal to produce, steel needs to coal as a reduction agent to form...
Japan aluminium stocks climb for 11th month, hit record
Aluminium stocks held at three major Japanese ports climbed for an eleventh month to hit a record high at the end of February due to robust imports. Aluminium stocks held at Yokohama, Nagoya and Osaka grew 0.8 percent in February from a month earlier to 453,400 tonnes, Marubeni Corp said on...
Aluminium likely to flood markets as hoarding metal stops being beneficial
A deluge of aluminum, held as collateral in financing deals, could be released back onto global markets as surging Chinese exports of the metal cause surcharges for physical material to extend their dramatic slide. Premiums - which lurched lower for the first time last month after years of hitting...
China shows the slowest aluminium production growth since 2009
Chinese aluminium production in the first two month of 2015 showed a growth of 6.8% compared to last year and has been the slowest start to a year since 2009. Bloomberg had forecasted the growth this year would be around 7.7%. The latest data was released by the National Bureau of Statistics on...
First call rating update on Century Aluminum Company
Century Aluminum Company First Call has rated the counter a Hold. The rating recommendation was disclosed in the First Call research information. Century Aluminum Company stock has received a short term price target of $ 22.17 from 6 Analyst. The share price can be expected to fluctuate from the...
Chinese overproduction continues to be a threat to the western aluminium producers
According to a recent research, the unexpected advancement in the Chinese aluminium industry has caused noticeable damage to western firms like Rio Tinto. Rio had acquired the Canadian giant Alcan in 2007 and justified the purchase by the expectation that China would soon stop producing, shutting...
Aluminum Association updates on US aluminum scrap market
The U.S. aluminum industry purchased an estimated 759 million pounds of aluminum scrap during December 2014, according to aluminum recycling statistics published by the U.S. Geological Survey, Department of Interior, up 7.7 percent over the December 2013 total of 705 million. USGS estimates that...
China aluminum semis exports fall 22.45% MoM in January 2015
China exported 380,000 mt of aluminum semis in January, up 42% YoY, but down 110,000 mt or 22.45% MoM, customs data showed. A 63.19% MoM plunge in extrusion exports dragged down overall aluminum semis exports. Extrusion exports increased 6.37% YoY to 67,000 mt, though. Foil exports gained 10.52%...
