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...
Grow with
AL Circle
Aluminium wire market in Greece to 2018 – Market Size, Trends, and Forecasts
Aluminium Wire Market in Greece to 2018 – Market Size, Trends, and Forecasts is a new market research publication announced by Reportstack. This industry report offers the most up-to-date market data on the actual market situation, trends and future outlook for aluminium wire in Greece. The...
Base metals focus on warehouse issues
The base metals were mixed again yesterday with the aluminium price putting in the strongest performance with a 0.9 percent rise to $1,848, while the nickel price was the weakest with a 0.6 percent drop to $19,032. While other markets reacted positively to the ECB’s new measures, the base metals...
Press Metal aims for higher productivity from upstream division
Press Metal Bhd (Press Metal) is aiming for higher contribution from its upstream business in terms of higher production, driven by the completion of its Samalaju smelter plant and the recovery of its Mukah smelter plant. After facing many headwinds in 2013, mainly due to the state-wide power...
China aluminium foil market totalled 3.4Mn tonnes in 2013
As of late 2013, the capacity of aluminum foil in China, as the world´s largest producer of aluminum sheets, strips and foils, hit 3.4 million tons/a; the capacity of aluminum cold rolling sheet/strip and aluminum hot rolling strip both reached 12.5 million tons/a. In particular, "1+4" hot...
Significant cost savings identified by high purity alumina (HPA) integrated plant study
Australia Minerals and Mining Group Limited announces the successful completion of an integrated plant study (Study), which was based on the kaolin to high purity alumina (HPA) process flow sheet specifically researched and developed by AMMG. The Study was conducted by AMMG’s specialist engineering...
Century Aluminum upgraded to “Neutral” by Bank of America (CENX)
Century Aluminum was upgraded by Bank of America to a “neutral” rating in a research note issued on Monday. Shares of Century Aluminum opened at 13.65 on Monday. Century Aluminum has a 1-year low of $7.65 and a 1-year high of $14.80. The stock’s 50-day moving average is $13.79 and its 200-day...
Aluminium market rises on short covering, trading range 107.6-110
Aluminium settled up 0.88% at 109 as prices got supported as economic indicators from the US were upbeat. The People’s Bank of China and China Banking Regulatory Commission held a meeting last Friday to arrange RRR cuts for qualified rural banks, shoring up market confidence. The official China...
China Aluminum Cans Holdings Ltd gives the outlook for H1 2014
According to China Aluminium Can Holdings Ltd, the initial phase review of the management accounts for 4 months that ended on 30th April, 2014. It expects that a material reduction in total revenue and net profit for H1 2014 for the group in comparison to H1 2013. The expected reduction in the...
AMG Advanced Metallurgical Group N.V. to curtail global aluminum alloy capacity
AMG Advanced Metallurgical Group N.V. announces that it is curtailing its aluminum alloy capacity by 5,000 metric tons, or approximately 10% of global demand, to address current market conditions. As the largest global supplier of aluminum master alloys and grain refiners, AMG's decision to reduce...
Aluminium may trade 106.2-110 range, support at 107.1
Aluminium settled up 0.37% at 108.05 amid indications that supply of the metal is constrained. Aluminium was on track for its biggest monthly rise since February on the back of healthy demand, but further prices gains were limited due to high stocks levels. Aluminum prices may come under downward...
Mukah smelter up and running again
Press Metal Bhd’s aluminium smelting plant in Mukah, which was badly damaged by a statewide power outage last June, is now up and running again. Group chief executive officer Datuk Koon Poh Keong said the rebuilt facility, which went fully operational last month, was expected to contribute...
LME Aluminium likely to rally towards $2100/tonne: Nbang
LME Aluminium prices have been continuously trading in a falling wedge since last one and half years, and recently it witnessed a falling wedge breakout which indicates the short to medium term outlook for the metal remains positive. We can see a minimum three upper resistance and three lower...
China’s primary aluminium restarting capacity as prices rebound
The aluminium smelters in China are restarting a few idled capacities after aluminium prices rebounded in March after remaining low for five years. According to industry sources, the smelters are also taking advantage of low power costs given to them by a province located in Southwest. These...
Aluminium up 0.29% on global cues, spot demand
Aluminium prices went up by 0.29 per cent to INR 104.65 per kg in futures trade today as participants strengthened their positions, supported by an upward trend overseas. Further, strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery...
Vedanta Resources plc rating lowered to neutral at Goldman Sachs (VED)
Vedanta Resources plc was downgraded by investment analysts at Goldman Sachs to a “neutral” rating in a note issued to investors on Tuesday. They currently have a GBX 1,000 ($16.82) target price on the stock. Goldman Sachs’ target price would suggest a potential downside of 5.57% from the company’s...
Constellium NV given average recommendation of “Buy” by Brokerages
Constellium NV has earned a consensus rating of “Buy” from the twelve ratings firms that are currently covering the company, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy...
Aluminium futures slide 0.38 pc on weak demand
Aluminium prices declined by 0.38 per cent to INR 105.25 per kg in futures trade today as speculators reduced positions amid weak demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in May traded lower by 40 paise, or 0.38 per cent, to INR 105.25 per kg in a business...
Chinese aluminium prices poised to outperform LME futures: Clyde Russell
Aluminium futures in Shanghai may perform better than their London counterparts in the next few months as the outlook brightens for what has been one of China's most chronically oversupplied commodities. Shanghai futures lost 6.4 percent in yuan terms and 15.3 percent in U.S. dollar terms from the...
