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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Aluminium down 0.3% on global cues
Aluminium prices fell by 0.35% to INR 113.80 per kg in futures trading today, largely in tune with a weakening trend in the global markets on demand concern. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for...
Emerging stocks drop for second day as Ukraine tensions escalate
Emerging-market stocks fell for a second day and currencies weakened as Sinopec Shanghai (338) Petrochemical Co. led a drop for material companies while tensions in Ukraine escalated. Sinopec Shanghai tumbled the most in two weeks in Hong Kong after saying it expects a loss in the first quarter....
Alcoa cut to junk by fitch as aluminum glut hampers earnings
Alcoa Inc., the largest U.S. aluminum producer, was cut to junk by a second ratings company as a global oversupply of the metal hampers profitability. Fitch Ratings cut Alcoa’s credit grade one level below investment grade to BB+ from BBB-, it said yesterday in a statement. It sees Alcoa’s total...
RHB Research maintains Buy on Press Metal
RHB Research has maintained its Buy call on Press Metal with a fair value of RM4.11, it said on Monday. RHB Researh said while both the group’s smelters are now in full production mode, it expects the group earnings to surge 87.7%/29% in FY14/FY15. It said aluminium prices jumped 10.5% in the last...
Hindalco Industries hits 52-week high as Alcoa earnings beat estimates
Hindalco Industries advanced 4.23% to INR 142.95 at 10:45 IST on BSE after Alcoa Inc reported quarterly earnings that beat analysts' expectations on Tuesday, 8 April 2014. Meanwhile, the S&P BSE Sensex was up 96.02 points or 0.43% at 22,439.47. The stock market was closed on Tuesday, 8 April 2014...
LME aluminium to peak in $1,866-$1,885 range
LME aluminium is expected to peak in a range of $1,866-$1,885 per tonne, as indicated by its wave pattern and a Fibonacci projection analysis. The metal is riding on the final wave of a five-wave cycle rising from the March 19 low of $1,704.25. These five waves have made up a bigger wave c, which...
Aluminium futures softens by 0.68 pc on sluggish demand
Aluminium prices softened by 0.68 per cent to INR 109.65 per kg in futures market today as speculators reduced their positions, driven by sluggish demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in May declined by 75 paise, or 0.68 per cent to INR 109.65 per kg in...
European Tube Industry Continues to expand
The manufacturers of aluminium, plastic and laminate tubes belonging to the European Tube Manufacturers Association (ETMA) managed once more to achieve growth of one per cent even in the economically difficult year of 2013. The output of ETMA members in 2013 totalled almost 10.5 billion tubes, thus...
Aluminium futures rise on global cues, spot demand
Aluminium prices edged up by 0.18 per cent to INR 109.80 per kg in futures trade today as participants enlarged their positions, supported by a firming overseas trend. Further, strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in...
Aluminium may witness down and short covering
Aluminum edged down after the initial consolidation in the month of March on back of worries about spreading bank-ruptcies in China, after a solar panel-maker defaulted on a bond payment, sending prices to 9 months low. The looming bankruptcy of a Chinese devel-oper owing billions of yuan to...
Aluminium futures weaken on global cues
Aluminium prices fell 0.56 per cent to INR 105.65 per kg in futures trading today as speculators reduced their positions amid weak global cues. Besides, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in April...
Alcoa expands Brazil rolling mill to capture growing demand for specialty packaging in Latin America
Alcoa announced a $40 million investment (100 million BRL) in its Itapissuma, Brazil, rolling mill to increase production of specialty foils for aseptic and flexible packages. Demand for specialty packaging in Brazil is expected to rise seven percent annually over the next three years due to...
Indian Aluminium trades at lower level on global cues
Aluminium prices fell 0.19 per cent to INR 103 per kg in futures trading today as speculators reduced exposure amid weak global trend. At the Multi Commodity Exchange, aluminium for delivery in March declined by 20 paise, or 0.19 per cent, to INR 103 per kg in business turnover of 17 lots....
Secondary alloys firm in USA despite fall in scrap prices
Secondary aluminium alloys were mostly stable on March 27 as sources said the market held strong despite notable drops in some aluminium scrap grades, including twitch, a nonferrous auto shred and a key component in alloy output. Twitch prices fell to 81 to 82 cents per lb from 82 to 84 cents,...
LME Aluminum is seen trading at $1755
Aluminum: Monday’s review report is an excerpt from our weekly metals report. As of Friday close aluminum’s 3 month rolling forward contract ended the week at $1758, up by more than $20+ from its previous week’s close. At the MCX platform, the April futures contract ended the week at 104 from its...
Aluminum shipments by Japan may reach 4-year high on weak Yen
Shipments of rolled-aluminum products by Japanese fabricators to domestic and overseas markets may increase to the highest level in four years as a weaker yen boosts exports, an industry group said. Shipments for the year beginning April 1 are expected to climb to 2 million metric tons, the largest...
Rusal shelves plans for aluminum smelter in Siberia
The aluminum industry plans to cut output again this year as producers seek to reduce excess capacity amid falling prices. United Co. Rusal PLC on Friday shelved plans to build a high-tech smelter in Siberia that would have created 3,000 jobs and been one of the company's key assets in the region....
Kaiser Aluminum Corp. director unloads $72,010 in stock
Kaiser Aluminum Corp. Director David A. Foster sold 1,000 shares of the stock on the open market in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $72.01, for a total value of $72,010.00. Following the completion of the transaction, the director now directly owns...
