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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Rusal to keep aluminium output flat
Russian aluminium giant Rusal plans to keep output largely flat for three years because healthy stock levels will ensure the market is supplied despite market deficits, a top executive said on Wednesday. Robust aluminium prices have prompted some Chinese smelters to abandon production cutbacks and...
Aluminium prices fall echoing global market trends
Taking weak cues from global markets, aluminium prices fell 0.29% to INR 121.15 per kg in futures trade on Wednesday as speculators trimmed positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in...
Century Aluminum Company (CENX) jumps 6.14% on October 21
Century Aluminum Company ($CENX) was among the biggest gainers on the Russell 2000 for October 21 as the stock popped 6.14% to $26.11, representing a gain of $1.51 per share. Some 1,996,078 shares traded hands on 13,496 trades, compared with an average daily volume of 1,429,274 shares out of a...
Aluminum erased declines in London as equity markets rallied
According to a recent report, China’s economy has grown by 7.3 percent in the third quarter when compared to last year. This expansion, although beats Bloomberg’s survey of 7.2, is still the slowest growth pace since 2009. The U.S equity futures showed an advance of 0.6 percent while the Stoxx...
Aluminium prices may face newer challenges
The Director of metals research and strategy at Citigroup Inc. David Wilson stated recently that the unwinding of financial deals is likely to curb the upward climb for aluminium prices in the coming year. According to Citigroup estimates, nearly 20% of the world’s aluminium supply amounting to...
Aluminium down by 0.9% on global cue
Aluminium prices fell 0.88% to INR 117.70 per kg in futures trade today as speculators offloaded their positions amid weak cues from global markets. Further, sluggish demand in the domestic spot markets weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in October...
Aluminum jumps most in 17 months to pace metal rally
Aluminum rose the most in 17 months to pace a rally in industrial metals amid speculation that global central banks are prepared to implement more stimulus measures to boost economic growth. China plans to inject lenders with funds, the Wall Street Journal reported, and the European Central Bank...
New aluminum statistical review shows demand growth for fourth straight year
The Aluminum Association released the latest edition of the Aluminum Statistical Review for 2013 on October 15. The 2014 edition of the Review, which features statistics through 2013 in the North American market, includes information on every cycle of the aluminum production process from primary...
Angel reports a decline in aluminium prices with faltering Chinese demand
Considering the falling demand of aluminium in China, the largest consumer, prices might dip in future according to Angel’s monthly report. The closing of smelters and the consecutive tightening of supply had led to the highest price of aluminium in recent years. However the anticipated deficit is...
2 Billion Beverage cans per year facility to enter trials in May 2015; market prospects bright
Zhejiang Jihong Packaging Co. is scheduled to begin trials on $1 billion, 2 billion units/yr beverage can facility in Zhejiang in late May 2015, local media reported on October 11. The beverage can manufacturer has placed orders for advanced production lines from abroad that are capable of...
A356 aluminum alloy processing fees in China to fall further in Oct.
Processing fees for A356 aluminum alloy in China are expected to fall further on weak demand in October, Shanghai Metals Market foresees. Demand for A356 aluminum alloy – the main ingredient in wheel rim manufacturing – will be dampened by marked slowdown in automobile production and sales in...
Century Aluminum receives consensus recommendation of “Buy” from Brokerages
Century Aluminum has been given an average recommendation of “Buy” by the ten analysts that are covering the stock, AnalystRatings.Net reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month...
Alcoa reports a rise in end markets
According to Alcoa yearly report their projected aerospace sales growth is a healthy 8 to 9 percent thanks to growing demands in both large commercial aircraft and regional jets. They have even revised their global automotive production growth for 2014 from a previous estimation of 1-4 percent to...
Aluminum Association updates on North American aluminium market
Aluminum net shipments (including exports) by domestic U.S. and Canadian facilities totaled an estimated 2,062 million pounds during August, up 3.9 percent over the August 2013 total of 1,985 million pounds. Shipments of aluminum mill products increased 3.1 percent over the previous year to 1,301...
Alcoa’s strategic approach brings success in aluminium production
Alcoa reports a good performance in the upstream sector as well with strategic planning. They have cut down their production by 28 percent or 1.2 million metric tons since 2007 to increase the competition in the global aluminium market. In the third quarter, the company has successfully closed the...
Noranda Aluminum Holding (NOR) jumps 9.67% on October 8
Noranda Aluminum Holding (NOR) was among the biggest gainers on the Russell 2000 for October 8 as the stock popped 9.67% to $4.65, representing a gain of $0.41 per share. Some 843,274 shares traded hands on 4,292 trades, with a total float of 68,852,804. The stock opened at $4.25 and traded with an...
Alcoa sees smaller aluminum market deficit on China smelter restarts
Alcoa Inc has decreased its estimate for the global aluminum market deficit this year due to smelter restarts in China, the world's No. 1 producer, a senior executive said on Wednesday on a conference call to discuss third-quarter earnings. The U.S. aluminum producer expects demand to outpace...
Court of Appeal upholds London Metal Exchange appeal against High Court ruling
UC RUSAL, a leading global aluminium producer, notes that the Court of Appeal has upheld the London Metal Exchange’s appeal against the High Court judgment of Mr Justice Phillips. Today’s ruling by the Court of Appeal overturns the judgment of Mr Justice Phillips who ruled that the LME’s original...
