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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Noranda Aluminum drops 6.42% on October 1
Noranda Aluminum Holding (NOR) was one of the Russell 2000's biggest losers for October 1 as the stock slid 6.42% to $4.23, a loss of $0.29 per share. Starting at an opening price of $4.49 a share, the stock traded between $4.20 and $4.58 over the course of the trading day. Volume was 850,916...
Aluminium down 0.6% on overseas cues
Aluminium futures fell 0.58% to INR120.70 per kg today as speculators trimmed positions amid a weak trend at the London Metal Exchange. At the Multi Commodity Exchange, aluminium for delivery in November lost 70 paise, or 0.58%, to INR 120.70 per kg, with a business turnover of five lots. The metal...
Aluminum deficit to deepen fourfold as metals healthiest
Aluminum, the biggest gainer among base metals on the London Metal Exchange last quarter, will fall into a deficit almost four times larger than previously estimated as demand grows faster than expected, according to Standard Bank Plc. Global consumption will outstrip production by 806,000 metric...
China aluminum semis exports up 19.8% in August 2014
China exported 320,000 mt of aluminum semis in August, on par with July’s level, but up 19.8% YoY, customs data indicated. Falling SHFE/LME aluminum price ratio has encouraged Chinese processors to ramp up exports. Export volumes in September and October look set to hold near August’s high levels....
Press Metal upbeat about aluminium market
Press Metal Group Bhd’s (Press Metal) chief executive officer Datuk Paul Koon gave reassurance that it was business as usual for the group and the outlook of the aluminium market remains upbeat. RHB Research Institute Sdn Bhd (RHB Research) noted that as Press Metal’s share price plunged from an...
Senate democrats urge CFTC review of LME aluminum trading
The U.S. Commodity Futures Trading Commission should probe the London Metal Exchange to ensure aluminum trading and warehousing are free of manipulation, three Democratic senators said in a letter. The regulator must investigate whether LME rules sufficiently protect against conflicts of interest...
RHB Research maintains BUY on Press Metal
RHB Research has maintained its BUY call on Press Metal with a fair value of RM8.30, saing it likes the group for its world-class, low-cost smelter in the first quartile of a global cost curve, thanks to its competitive 25-year power purchase agreement (PPA), state-of-the-art smelting technology...
Tower Aluminium strong despite industry tailbacks
Even though the Nigerian aluminium industry is plagued with a number of problems, Tower Group is still strong in all ramifications and remains the leader in the sector, industry stakeholders have said. “Tower is the leader and is the only company in the industry that can wade through challenges in...
Aluminium marginally up on global cues
Aluminium futures traded a shade higher at Rs 118.55 per kg today as participants strengthened their positions, supported by an upward trend overseas. Further, rising demand in the domestic spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in...
Aluminium industry awaits policy amendments
According to Non-Ferrous Metal Industries Association (NFMIA) chairperson Bob Stone, the secondary aluminium industry has remained uncompetitive in the world market of beneficiated aluminium products, despite the directive of the preferential pricing on scrap metal, issued by the Department of...
China restarts smelters looking at high aluminium prices
The aluminium market which has been in surplus over the past few years is doing exceptionally well this year, with a climbing LME price and a healthy demand. Much of that has been achieved by global production cutbacks adopted by all the big names in the industry. Now with the aluminium prices at a...
Chalco refinery in Henan re-opens after red mud leakage repair
Last week the Chalco alumina refinery located in Henan had closed down due to a broken waste-pool. The refinery had a capacity of 1.6 million tonnes per annum and its closure had a definite effect on the already climbing alumina prices. On Tuesday, Shanghai Metal Market heard reports that 60,000...
Aluminium futures rise on global cues, spot demand
Aluminium prices went up by 0.30 per cent to INR 118.55 per kg in futures trade today as participants strengthened their positions, supported by an upward trend overseas. Further, pick up in demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for...
Nalco jumps on bargain hunting
National Aluminium Company rose 6.94% to INR 64.75 at 11:50 IST on BSE on bargain hunting after the stock fell 8.47% in the preceding three trading sessions to INR 60.55 on 16 September 2014, from a recent high of INR 66.15 on 11 September 2014. Meanwhile, the BSE Sensex was up 98.47 points, or...
Aluminium and other base metals trend higher in China - ASIA METALS
The news of People’s Bank of China (PBoC) providing CNY 100 billion of lending facility each to China’s five largest banks to boost liquidity has created ripples in the Asian trading sector. The prices of base metals continue to trend higher on Wednesday’s Asian trade after the news had broken out...
Indian aluminium sector grows following global cues
Indian aluminium industry is gaining strength in the past two weeks as the aluminium prices move forward and the international market is gaining ground, enough to make the Indian aluminium sector to start participating in the global aluminium market. Breaking out of the dismal average price-per-ton...
Aluminium futures weaken on global cues
Aluminium prices fell 0.61 per cent to INR 122.95 per kg in futures trading today, taking weak cues from global markets. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in current months shed 75 paise, or...
Dubai Aluminium approaches banks for rare corporate loan
Dubai Aluminium (Dubal) has held talks with banks about raising a loan to help fund its general operations, the first time the firm has commissioned such a facility in years, three banking sources told Reuters on Thursday. While it is a rarity for the company to raise money not tied to a specific...
