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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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...
Spot aluminium stockpiles continue to fall in China; export orders up
Spot aluminium stockpiles continued to fall in China as a lower Shanghai-London price ratio increased export orders for the metal products, according to a survey by Shanghai Metals Market. Stockpiles of the lightweight metal on a spot basis in China’s four major trading regions – Shanghai, Wuxi,...
Tajikistan’s Q1 aluminium output dwindles on metal’s low price
Tajikistan Aluminium Company (TALCO), Central Asia's largest aluminium smelter, cut output by 39.5 percent in annual terms to 36,000 tonnes in January-March, the Economy and Trade Ministry said on Tuesday. The fall in output in the first quarter is largely in line with TALCO's pessimistic outlook...
Aluminium’s day dawns as iron ore dims
RIO Tinto’s much-maligned aluminium business could be a surprise saving grace for the miner as iron ore prices soften, with the company’s cost-cutting drive set to produce strong cashflows and boost the chance of big returns to shareholders. The turnaround in aluminium, which Deutsche Bank is...
Glencore, Goldman warehouses have longest aluminium queues-LME report
Wait times to get metal out of warehouse firms owned by trade house Glencore and bank Goldman Sachs stretch up to two years, according the London Metal Exchange's (LME) first report detailing backlogs at its global network of depots. Lengthy logjams at warehouses monitored by the LME, the world's...
Aluminium may show slight gain in the prices short covering
3 month forward LME Aluminum prices ended the day at $1766.50 mostly unchanged from its previous close. We saw slight intraday volatility in the prices while by end of the day market remained steady. We had no news from the fundamental front, Aluminum stocks at LME declined in a single day by 9700...
Aluminium up 0.4% on firming overseas trend
Aluminium prices today rose by 0.38% to INR 104.85 per kg in futures trade as speculators enlarged positions amid a firming trend overseas. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in May rose by 40 paise, or...
Century Aluminum Coverage Initiated by Analysts at CRT Capital (CENX)
Analysts at CRT Capital initiated coverage on shares of Century Aluminum in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock. Shares of Century Aluminum opened at 13.82 on Wednesday. Century Aluminum has a 52-week...
Aluminum may witness trading steady near $1775
We saw a good amount of nearly 0.75% decline in the Aluminum prices on Wednesday to settle the three month contract at $1769/MT. Likewise, at the domestic market, May future ended lower at INR 104.40/kg. Also, daily inventory declined at LME but the reaction on the prices were negligible. We saw a...
CME may have tough time attracting interest in aluminum contract
If the first day of trading is any indication, CME Group may have a tough slog drumming up interest for its North American aluminum futures contract. CME launched the contract to allow aluminum producers and consumers to lock in prices ahead of time and give investors an opportunity to speculate on...
Aluminium up 0.2% on firming overseas trend
Aluminium prices today rose by 0.28% to INR 106.50 per kg in futures trade as speculators enlarged positions amid a firming trend overseas. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in May rose by 30 paise, or...
Romanian aluminum producer Alro slashes sales target for this year by 6% on lower prices
Romanian company Alro Slatina, the largest aluminum producer in Central and Eastern Europe (excluding CIS), adjusted its sales budget for this year by 6 percent, to USD 605 million, according to data posted on its website. The company previously estimated sales of USD 642 million. The main reason...
Aluminium production reaches all time high,prices can face pressure
LME Aluminium averaged at $ 1812.75 per tonne, up 6.4 % in the month ending 30 April 2014. However prices are expected to face pressure due to rise in production to all time highs. The rise has come at the time when the production of Aluminium reached record levels. The viability in terms of...
Research and Markets publishes guide to set up aluminium powder plant
Research and Markets has published “Prefeasibility Report on an Aluminium Powder Manufacturing Plant”, a guide to setting up an aluminium powder manufacturing plant. The study covers all the necessary aspects of the aluminium powder plant including commercial and technical. It ranges from macro...
LME Aluminium may witness losses trading at $1837 up by 0.14%
We had a bearish view on Aluminum last day with the anticipation that the commodity may take price correction in the form of profit booking on the long positions. Also, a rebound in the inventory supported the metal to retreat from the highs. 3 month forward LME Aluminum ended the day at $1826.75...
Noranda Aluminum Holding Corp. sees significant decline in short interest (NOR)
Noranda Aluminum Holding Corp. saw a large decline in short interest in March. As of March 31st, there was short interest totalling 1,154,419 shares, a decline of 38.5% from the March 14th total of 1,876,653 shares, AnalystRatings.NET reports. Based on an average daily volume of 1,036,880 shares,...
Vimetco narrows FY pretax loss
Vimetco narrowed its FY pretax loss to $0.16m, from a loss of $0.19m. Revenue was $2.2m, from $2.3m. The total production of electrolytic aluminium decreased to 869,000 tonnes, from 925,000 tonnes in 2012, and the production of processed products increased at 189,000 tonnes, up from 171,000 tonnes...
Aluminium marginally up in futures trade
Aluminium futures rose marginally by 0.14 per cent to INR 110.55 per kg today as speculators enlarged exposures on pick-up in spot demand and a firming trend in base metals overseas. At the Multi Commodity Exchange, aluminium prices for delivery in April traded higher 15 paise, or 0.14 per cent, at...
