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...
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UC RUSAL announces its results for the year ended 31 December 2014
Key highlights • Positive trends in the aluminium market observed during the year ended 31 December 2014 with recovering London Metals Exchange (“LME”) aluminium prices and growing premiums, coupled with weakening local currency had significant positive effect on the profitability and financial...
North American Aluminum Demand Grows 5.0 Percent in 2014
The aluminum industry in the United States and Canada saw year-over-year demand growth of 5.0 percent through the end of 2014. This according to preliminary data released today in the Aluminum Association’s monthly “Situation Report.” The estimated 25.5 billion pounds of aluminum shipped by North...
Rio Tinto to invest in Canada aluminium smelters when market improves
Rio Tinto Alcan’s CEO Alfredo Barrios announced on Wednesday their plans to expand smelting capacities in Canada once the aluminium gains strength. Barrios says, since the aluminium prices have fallen since last year, the market situation is not conducive for further investment at the moment. He...
Brazil aluminum output dropped 26% in 2014
According to latest trade statistics, the primary aluminum production by Brazil during the entire year 2014 declined sharply. The country’s primary aluminum output dropped 26.2% during the year to 962,000 tonnes. This is when compared with the output of 1.3 million tonnes during 2013. During the...
Romanian aluminum producer Alro Slatina widens losses in 2014
Romanian aluminum producer Alro ended 2014 with adjusted net losses of RON 141 million (EUR 31.7 million). The losses were 64% higher compared to 2013, according to the company’s preliminary results. The company’s turnover registered a slight year-on-year increase in 2014, to RON 2 billion (EUR 450...
Indian aluminium companies export more as home market slows down
Hindalco Industries and Vedanta Resources, India's two largest aluminium producers, have stepped up exports amid increasing capacity and poor domestic demand. Exports of primary aluminium from the country surged 65% in the first half of the current fiscal, according to the Centre for Monitoring...
Press Metal on track to be a global player
Press Metal Bhd, which is on track to become the largest aluminium smelter in the region by the end of the year, recorded a profit of RM42mil on the back of a record turnover of RM1.1bil in the final quarter of its operations in 2014. With its smelting plants in Mukah and Bintulu in Sarawak running...
Aluminium overtakes copper for No.2 spot at Rio Tinto
Rio Tinto has been struggling for years to recover from the $38 billion purchase that elevated it to the world's biggest aluminium company but also brought it to the verge of bankruptcy. Now signs of price improvements for aluminium and related alumina and bauxite, amid slowing supplies out of...
Aleris withdraws IPO citing uncertain economic conditions
The aluminum processor Aleris Corp., based in Cleveland, has withdrawn its $500 million initial public offering (IPO), citing uncertain economic conditions. According to Reuters, the decision to rescind the offer comes three years after the Aleris had earlier sought to sell shares in the company....
Aluminium futures weaken on global cues
Amid a weak trend in base metals at the London Metal Exchange, aluminium prices fell by 0.56 per cent to INR115.20 per kg in futures trading today as speculators trimmed positions. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity...
China supply could limit aluminium gains
The aluminium market faces the prospect of a growing surge of supply from China this year that could disrupt expectations of a global deficit. A divergence in prices between China and the rest of the world could spur exports and limit aluminium’s price gains this year, analysts say. A falling...
Rusal to keep idled plants shut regardless of aluminum price
United Co. Rusal, the world’s largest aluminum producer, will keep 700,000 metric tons of output it idled in 2013 and 2014 permanently shut, helping to buoy prices of the metal. “We cut production to 3.6 million tons last year and we are not planning to reopen the mothballed capacity, regardless of...
Aluminium sheds by 0.4% on global cues
Aluminium prices traded marginally down by 0.39% to INR114.90 per kg in futures trading today as speculators reduced exposure amid a weak trend overseas and sluggish demand from consuming industries in the spot market. At the Multi Commodity Exchange, aluminium for delivery in February shed 45...
UC Rusal announces fourth quarter and full year 2014 operating results
UC RUSAL, a leading global aluminium producer, announces its operating results for the fourth quarter and full year 2014. Key highlights • Total aluminium production amounted to 3,601 thousand tonnes in FY14 (-7% YoY) and 915 thousand tonnes in 4Q14 (+1% QoQ). • Share of value-added products...
Chinese alumina market continues to be slow
The Chinese market for alumina remains slow as the trading remained lukewarm with expectations of better demand in the coming weeks. The domestic spot prices for alumina hovered around 2,650-2,730 yuan per tonne as on Friday January 23, while the three-month aluminium contract on the Shanghai...
Analysts predict a 54,500-tonne aluminium deficit in 2015
While the world is locked in debate about the state of aluminium globally, some 33 analysts believe that the average price of the metal will stay around $1,965 a tonne this year, 1.8% lower than the forecast made earlier but the downward revision is the smallest within the base metals this quarter....
Surge in Chinese exports may threaten aluminium prices
Global aluminium fundamentals would have been in a much better state had the Chinese industry exercised the same kind of production discipline as was seen in other regions, especially Europe and America. Of the global aluminium production of 53.746 million tonnes (mt) in 2014, China alone accounted...
China’s refined aluminum imports shrink to lowest since 2008
Chinese refined aluminum imports in December fell to a six-year low as domestic production surged. Inbound shipments of primary aluminum shrank to 1,857 tons in December, a tumble from 76,060 tons the previous year, according to data from the General Administration of Customs on Friday. The monthly...
