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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Ukraine tensions affects aluminium and copper
As tensions rise in Ukraine, both aluminium and copper are feeling the affect on price. Though LME copper prices fell 1.3 percent to close at $6,934, aluminium prices were held back by tightness in near-term supplies. The aluminium for three month delivery has dropped to $2,080, down by 0.3% as...
Global cues push aluminium down by 0.32%
The futures for aluminium dropped to INR 125.35 per kg on Wednesday as the speculators reduced their expectations taking a cue from the global markets. The domestic spot markets too have seen a dip in demand which in turn have affected the metal prices. In a business turnover of 1,392, the...
Continuing strength in aluminum prices to benefit Alcoa
It has been a remarkable year for aluminum. The metal, which plunged about 17% last year due to feeble demand, has gained more than 15% this year as production cuts from the likes of Alcoa Inc., Rusal and Rio Tinto have helped in bringing the market back to equilibrium. Aluminum prices have finally...
Ess Dee Aluminium slips to a 52-week low at INR 379
Ess Dee Aluminium that opened at INR 472 slipped by 8% to INR 434, down to almost 20% lesser at INR 379, marking a bad phase of four days, and also hitting the 52-week low on the National Stock Exchange (NSE). The company had already reported disappointing results at the end of the June quarter...
Aluminium up 0.28% up on firm global trends
Aluminium prices rose marginally by 0.28 per cent in futures trade today in line with a firming trend in the global markets. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in current month rose by 35 paise, or 0.28...
Aluminum extends rally to highest since 2013 on supply deficit
Aluminum climbed in London to the highest in almost 18 months after a report showed global production trailing consumption. The output shortfall in the first six months of 2014 was 393,000 metric tons, compared with a 1.057 million-ton surplus in all of 2013, the World Bureau of Metal Statistics...
Aluminium Prices on a high while Copper dips
A suspected short-term shortage of aluminium has caused the price rise witnessed on Tuesday while an expected additional supply of copper has dipped its prices in the market. A 1% rise has been noticed on the London Metal Exchange in benchmark aluminum pushing the price to a closing of $ 2,039 a...
Spot demand and overseas predictions spike aluminum value
Strong spot demands and firming overseas trend have edged the aluminium price to INR 123.40 per kg, up by 45 paise, in future trade on Wednesday. This 0.37% rise in prices was noticed for aluminium slated for August delivery at the Multi Commodity Exchange. For a business turnover of 205 lots, the...
Aluminium falls by 0.1% on global cues
Aluminium slipped to INR 122 per kg in futures trade today as participants reduced their exposures amidst weak global cues. Besides, sluggish demand in the domestic spot markets also weighed on the metal's price. At the Multi Commodity Exchange, aluminium for delivery in August eased by 10 paise,...
Port of Oswego says increase in aluminum shipments puts it on pace for record season
The Port of Oswego says its working toward a record year, thanks to an increase in shipments of aluminum coming in through the St. Lawrence Seaway for use at Oswego's Novelis aluminum plant. Port Director Zelko Kirincich says it's been a great year, and that the facility is expecting to receive...
Supply-demand dynamics brighten aluminium
The aluminium market is perking up, with the average price per tonne on the London Metal Exchange rising to over $2,000 now from $1,693 in February 2014. While the primary reason for this is high physical delivery premium, the supply-demand dynamics are also brightening. This is due to a long...
China Aluminium at record production in July
China reported record production of aluminium in July. Primary aluminium production went up 1.2 percent in comparison to June. This has hit a second consecutive record as smelters restarted idled capacity after the demand started improving and LME started going up. Aluminium production in China...
Nomura says aluminum rally is overdone
Alcoa shares trended down Thursday after one analyst said the worldwide aluminum market has slipped into an oversupply that will persist into 2015. Alcoa shares are up more than 50 percent year to date, hit a high of $17.22 last month, but has been in retreat in recent days. Nomura's Curt Woodworth...
Global Bauxite and Alumina market review 2014
Research and Marke has announced the addition of the "Bauxite and Alumina Market Review" report to their offering. The report presents a thorough study of bauxite and alumina, covering both global and regional markets and aims to give a proper picture of the market, as well as its trends,...
Noranda Aluminum up 7.2%, shares break through resistance
Noranda Aluminum is one of today's best performing low-priced stocks, up 7.2% to $4.46 on 1.0x average daily volume. Thus far today, Noranda Aluminum has traded 641,000 shares, versus average volume of 640,000 shares per day. The stock has outperformed the Dow (7.2% to the Dow's 0.5%) and...
Romanian aluminum producer Alro posts EUR 18 mln loss in the first half
Romanian aluminum producer Alro S.A. recorded an adjusted net loss of RON 80 million (almost EUR 18 million) in the first six months of the year, over four times higher than the RON 17 million loss posted in the same period in 2013, according to the company’s financial results. The turnover also...
Bullish trend persistent for aluminium
The present bullish trend in aluminium and a tight supply situation is indicating towards a positive outlook for aluminium and a turning point after a long time. The metal has been trading at a seventeen-month high around $2,000 per ton in the current weeks and achieved a 20% rise in July since...
Aluminum rises on stable China inflation data
Aluminum neared an 18-month high on Monday aided by relatively low inflation data in China. The metal closed at US$2,032/t in London, up US$14.50 from the previous day and its highest since February 2013 after official figures showed China's annual inflation rate was 2.3% in July. "This gives the...
