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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China’s aluminum semis exports rise to 320,000 mt in October 2014
China exported 320,000 mt of aluminum semis in October, down 5.88% MoM, but up 23.08% YoY, customs data showed. Extrusion exports jumped 27.32% YoY to 65,000 mt in October, and rose 19.63% YoY to 606,000 mt during January-October. Foil exports soared 33.72% YoY to 77,000 mt in October, and grew...
Aluminium weakens by 0.7% on low demand
Aluminium prices fell 0.68% to INR 125 per kg in futures trading today as speculators reduced exposure amid weak demand in the spot market. Besides, a weak trend in base metals in global market influenced zinc prices. At the Multi Commodity Exchange, aluminium for delivery in December traded lower...
Aluminium moving from surplus to deficit
Aluminium prices have zoomed up this year. With a return of 19 per cent, year-to-date, aluminium finds its place in the top three best performers in the base metals complex . Indonesia’s ban of exports of unprocessed aluminium ores in January stoked prices. The country is the world’s largest...
Drop in crude oil prices affects aluminium prices
The falling oil prices have signaled a fall in aluminium prices as well, which has fallen the most in a week. Since aluminium is an energy intensive industry, the falling price of fuel significantly affects the cost of production, thereby affecting the price. Even though crude oil is not the...
Noranda Aluminum Holding (NOR) jumps 6.68% on November 26
Noranda Aluminum Holding (NOR) was among the biggest gainers on the Russell 2000 for Wednesday November 26 as the stock popped 6.68% to $4.15, representing a gain of $0.26 per share. Some 629,242 shares traded hands on 2,875 trades, compared with an average daily volume of 848,694 shares out of a...
Rising demand and tightening supply boosts aluminium
Aluminium settled up 0.31% at 129.30 with the rise in demand and decline in the growth of supply. The demand growth in the domestic market would definitely considerably affect the export of aluminum to foreign lands. According to the forecast the domestic demand for aluminum from China will...
Norsk Hydro : Hydro Capital Markets Day 2014: Lifting performance, creating value in tight markets
Tight global aluminium markets are expected to continue, translating into higher all-in metal prices and stronger earnings for aluminium producers. Norwegian aluminium company Norsk Hydro ASA is focusing its Capital Markets Day 2014 on creating value in a tightening aluminium market through its...
Hindalco: Novelis & increased production from new smelters may not sustain higher profitability
Hindalco is a stock that has remained popular with foreign investors, though metal prices continue to weaken globally. Over the past year, the stock has risen 40 per cent, compared with the 37 per cent rise in the Sensex. After the company's earnings beat estimates in the second quarter, many...
Kaiser Aluminium registered a high short interest at the market
Kaiser Aluminium is in a tight spot registering a high short interest at 17.59% of the floated shares. Each of its share is trading at $73.15 that is curiously 10.4% above the 53-week low and 10.4% lower that the 52-week high. However, there is good news in the near future as massive unwinding of...
Century Aluminum receives consensus rating of “Buy” from brokerages
Shares of Century Aluminum have earned an average rating of “Buy” from the eleven ratings firms that are currently covering the company, Stock Ratings News reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average...
China aluminium recovery not imminent despite consolidation
The Chinese aluminium industry is not expected to recover in the near term - even though the number of aluminium producers has fallen - because industry fundamentals are likely to remain weak for the foreseeable future. China's Ministry of Industry and Information Technology recently released lists...
The number of Chinese aluminium producers halved in a decade
The Henan Provincial Nonferrous Metals Guild said on Wednesday, that China’s total number of aluminium producers has nearly halved in decade falling from 120 to just 64. The 64 producers are operating across 32 aluminium enterprises, spread over sixteen Chinese provinces while the rest have been...
Alcoa target of unusually high options trading (AA)
Alcoa was the recipient of unusually large options trading on Tuesday. Investors acquired 30,462 call options on the stock, AnalystRatings.NET reports. This represents an increase of 142% compared to the average volume of 12,590 call options. A number of analysts have recently weighed in on AA...
Fresh buying seen in Aluminium, open interest up 8.29%
Aluminium settled up 0.36% at 126.3 as prices recovered later on better-than-expected New York Fed manufacturing data. Base metals prices consolidated overnight on mixed economic indicators. Japan's Q3 growth unexpectedly slid, and European Central Bank President Draghi stated they will push...
Noranda Aluminum holding now covered by BMO Capital Markets (NOR)
Research analysts at BMO Capital Markets began coverage on shares of Noranda Aluminum Holding in a report released on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock. A number of other firms have also recently commented on NOR. Analysts at Zacks upgraded shares...
Alcoa Inc gets more profit rate than estimated by analysts
The biggest producer of aluminum in US, Alcoa Inc. is reported to have earned an amount which has crossed the estimations and speculations of analysts by leaps. With a better performance than the expected for its aerospace and power units, the company has been able to make a good deal with supplies...
Klesch Group’s Aldel to restart production in 2015
The Dutch smelter named Aluminium Delfzijl (Aldel) owned by the Klesch Group had applied for bankruptcy 10 months ago but they are now planning to start production early next year. Klesch, the Swiss-based commodities company said that their decision was based on the improving global aluminium...
Aluminium prices fluctuate as China’s factory output growth slows down
The prices of aluminium and copper declined by INR 2 per kg on Thursday in the Indian non-ferrous market due to reduced industrial offtake and an overall weak global trend. According to traders, the reason for the weakened sentiment is the slide of aluminium in the global market as a result of the...
