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 aluminum exports at 3-year high on rising overseas prices
Aluminum shipments from China, the world’s largest producer and user, rose to the highest level in three years as higher prices overseas encouraged exports of the metal used in everything from aircrafts to window frames. China shipped 380,000 metric tons of unwrought aluminum and aluminum products...
Depressed Rare Earth market puts Nippon's project in Jamaica on hold
Dull demand and prices in the rare earths market have led Nippon Light Metal to take the decision to stop developing its red mud beneficiation-based project in Jamaica. The Japanese company will continue refining the process while waiting for more profitable market conditions. Japan-based Nippon...
Aluminium futures gain 0.24% on pick-up in demand
Aluminium prices edged up by 0.24% to INR 123.15 per kg in futures trade today as speculators enlarged positions due to pick-up in demand at the spot market. At the Multi Commodity Exchange, aluminium for delivery in August moved up marginally by 25 paise, or 0.24%, to INR 123.15 per kg in a...
Kaiser Aluminum CEO unloads $385,200 in stock
Kaiser Aluminum Corp. CEO Jack A. Hockema sold 5,000 shares of Kaiser Aluminum Corp. stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $77.04, for a total value of $385,200.00. Following the completion of the sale, the chief executive officer now directly...
Century Aluminum stock jumps 5.5%
Century Aluminum Co. was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock is now up 27.25% over the past...
China’s alumina imports to slow in H2 following 67.82% surge in H1
China’s alumina imports will slow for the remainder of the year following a 67.82% year-on-year surge in H1 as prices for imported alumina will follow primary aluminum up, Shanghai Metals Market foresees. Inbound shipments in June, though rocketing 307.75% from a year ago to 372,300 tonnes, did...
China’s aluminum imports slump to 14,700 tonnes in June on rising aluminum premiums
China’s aluminum imports fell to 14,700 tonnes in June on rising aluminum premiums, Shanghai Metals Market learned. The 20.02% year-on-year and 38.92% month-on-month slump was largely the consequence of continuously rising aluminum premiums in international market. Aluminum premiums hit more than $...
China’s aluminum semis exports grow less than expected to 280,000 tonnes in June
China’s aluminum semis exports did not grow as much as expected in June, Shanghai Metals Market learned. Outbound shipments rose only 2.9% from a year ago to 280,000 tonnes. Overseas buyers continued to push for lower prices, squeezing Chinese producer margins. Besides, many processors preferred to...
UC RUSAL finalizes refinancing of its debts
UC RUSAL, a leading global aluminium producer, is pleased to announce that the Company has obtained 100% credit approvals from all its lenders for the proposed amendments to the USD4.75 billion and USD400 million PXF facilities. In order to technically complete the refinancing, the Company intends...
Aluminium to swing to deficit in 2015 after output cuts
The aluminium market outside China is set to record its first deficit in nine years in 2015 following production cuts and an Indonesian ore export ban, a turning point that could be the start of a prolonged shortfall as demand recovers. After years of chronic oversupply, the market is beginning to...
LME aluminium to range from $1,989 to $2,043
LME aluminium is expected to consolidate in the range of $1,989-$2,043 for a few trading sessions before either resuming or reversing its uptrend. The range has been formed by the 100 percent and the 123.6 percent Fibonacci projection levels of an upward wave C that developed from the June 12 low...
Alumina Limited rating lowered to hold at Deutsche Bank
Alumina Limited was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a note issued to investors on Tuesday. They currently have a $1.45 target price on the stock. Alumina Limited opened at 1.605 on Tuesday. Alumina Limited has a 52 week low of A$0.935 and a 52 week high of...
Aluminum beating copper as supply-demand flips
Aluminum’s shift into a supply shortage means prices will climb to the highest versus copper since 2009, according to Natixis SA. The CHART OF THE DAY shows a metric ton of aluminum bought 0.29 tons of copper on July 22, the most since October 2011. The ratio will rise to 0.325 next year, the...
Cheap imports affect Aluworks’ market share
Aluworks Limited, the aluminium products manufacturer, says its market share has shrunk as cheap imported substitutes continue to undercut its business. Kwadwo Kwarteng, board chairman, told the B&FT in Accra on the sidelines of this year's annual general meeting that the company’s market share has...
Hulamin H1 results spring growth
Hulamin Limited’s plans to bank on its growing profitability as a recovery in its manufacturing figures continue. “Our manufacturing performance showed some improvement with recoveries increasing off a low base. Sales of rolled products are up by 9 per cent from the second half of last year which,...
TALCO cuts aluminium output by 47% during Jan-June
Tajikistan Aluminium Co (TALCO), central Asia's largest aluminium smelter, cut production by 47 percent in year-on-year terms in January-June to 61,100 tonnes due to low demand for the metal, a senior Tajik official said on Friday. "Lower aluminium output is caused by objective reasons which are...
Aluminum’s Medium-Term outlook depends on the LME warehouse appeal
The market is tighter at the moment than we initially expected which supports prices. However, at the end of July the LME rule change ban will be challenged and, if successful, will likely increase supply to the market noticeably as 2 million tons of inventory in Visslingen, Switzerland, and 1.3...
Alumina Limited lowered to hold at Deutsche Bank
Alumina Limited was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a note issued to investors. They currently have a $1.45 target price on the stock. Shares of Alumina Limited opened at 1.560 on Monday. Alumina Limited has a one year low of A$0.935 and a one year high of...
