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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Aluminium recovers from a six-month low to boost the Chinese economy
The ever slowing Chinese economy can find respite in the recovering aluminium prices that have rebounded from its six-month low prices with the prospects of a positive spur in the economic growth of the world’s biggest consumer of the metal. On Sunday the aluminium prices in London had dipped to...
Aluminium weakness, market under long liquidation: Kedia
Aluminium settled down -0.21% at 117.25 due to rise in dollar as major economic indicators from the US were mixed. US final GDP growth for Q3, published on Tuesday, came in at 5.0%, well above expectations and the biggest rise in 11 years. This demonstrates rapid growth in the US economy and has...
Capital floods into China’s flat-rolling aluminum sector
Investments have been declining in China’s loss-making aluminum smelting industry, while profitable aluminum flat-rolling sector has been attracting a flood of capital, money.163.com reported yesterday. Losses in the country’s aluminum smelting industry widened 4.2 billion yuan ($680 million) to...
Primary Aluminum market turns into deficit during January - October
The latest report published by the World Bureau of Metal Statistics (WBMS) indicates that global primary aluminum market has recorded a deficit during the initial ten months of the year. As per the report, the market turned into a deficit of 542,000 tons when matched with the surplus of 570,000...
Aluminum rises from six-month low before U.S. durable goods, GDP
Aluminum snapped three days of losses before U.S. data projected to show goods orders expanded and the world’s largest economy grew more than initially estimated in the third quarter. The metal gained as much as 0.5 percent after closing yesterday at the lowest since June. Orders for goods meant to...
Aluminium rises on global cues, spot demand
Buoyed by firming trend overseas and rising spot demand, aluminium futures prices rose by 0.25 per cent to INR 118.45 per kg today as traders created fresh positions. At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 30 paise, or 0.25 per cent, to INR 118.45 per...
Noranda Aluminum Holding (NOR) jumps 5.49% on December 17
Noranda Aluminum Holding ($NOR) was among the biggest gainers on the Russell 2000 for Wednesday December 17 as the stock popped 5.49% to $3.46, representing a gain of $0.18 per share. Some 1.13 million shares traded hands on 4,092 trades, compared with an average daily volume of 843,333 shares out...
Alloy wire and cable to benefit from China’s “Golden Era” of HUV development
China will enter a “golden era” of HUV development in coming five years, which will allow the country’s wire and cable market to grow at 8-9% annual pace, CNMN reported on December 16. The boom in power transmission systems will be driven by increasing investment in smart power grid, ongoing power...
Hindalco Industries shares slump over 5.6 per cent
Shares of Hindalco Industries today plunged over 5.6 per cent amid fresh concerns related to the case of Talabira II coal block allocation to the company. Hindalco's stock tumbled 5.67 per cent to settle at INR 144.70 on the BSE. In the intra-day trade, it had lost 7.49 per cent to a low of INR...
The LME queues are reducing across all registered warehouses
The backlog to remove aluminum from Detroit, the most acutely impacted location, shrank by 30 days to 641 days, while the wait to remove other metals stuck behind the wall of aluminum fell from 111 to 93 days. The reduction in waiting times was even sharper at the Dutch port of Vlissingen, a drop...
Aluminium market will balance out in 2015 say experts
Aluminium experts discussed that the aluminium market will balance out in 2015 during the metals market outlook review meeting held on 16th December by Chalco. The meeting was attended by eminent names in the aluminium industry which includes institutions like Commodity Research Unit (CRU), Beijing...
China’s weakening economy affects aluminium prices
As the industrial data from China, the world’s biggest aluminium consumer continues to be poor, aluminium prices are seen to dip further down on Tuesday hitting its lowest levels in two months. China is constantly sending out signs signaling its weakening economy and the recent decline in its...
Dominant holder highlights problems in aluminium market
For years buyers of aluminium have put the metal in warehouses, borrowed against it, and waited for prices to rise. It was an obvious trade. Now the metal is finally starting to leave warehouses, but much is still held up in long queues. That has opened up space for large trading bets that have...
Aluminium weakens by 0.1% on low spot demand
Aluminium prices traded marginally down by 0.08% to INR 121.25 per kg in futures trading today as speculators reduced exposure amid sluggish demand from consuming industries in the spot market. At the Multi Commodity Exchange, aluminium for delivery in December shed 10 paise, or 0.08% to INR 121.25...
Press Metal shares dipped due to weak aluminium prices
Press Metal shares fell on Tuesday to a low of RM2.91 as weaker demand pulled down aluminium prices. The share fell to RM2.95, down by 11 sen at 11.43 am while the turnover prices for 656,300 shares ranged between RM2.91 to RM3.04. FBM KLCI fell by 0.33% or 5.73 points to 1,735.11 while turnover...
Aluminium up by 0.6% on firming overseas trend
Aluminium prices edged higher by 0.58% to INR 122.35 per kg in futures trade today as speculators enlarged positions amid a firming trend overseas. Further, increased demand at domestic spot markets also influenced the prices. At the Multi Commodity Exchange, aluminium for delivery in December...
Aluminium futures rise on global cues, spot demand
Aluminium prices edged up by 0.61 per cent to INR 122.95 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 the Multi Commodity Exchange, aluminium for delivery in January 2015 inched up...
Kaiser Aluminum Corp. CEO sells 5,000 shares of stock
Kaiser Aluminum Corp. CEO Jack A. Hockema unloaded 5,000 shares of the stock on the open market in a transaction dated Monday, December 1st. The stock was sold at an average price of $73.13, for a total value of $365,650.00. Following the transaction, the chief executive officer now directly owns...
