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 smelters under significant pressures: Goldman Sachs
Chinese smelters are under “unprecedented” pressures, as about half of them are losing money due to ailing aluminium prices, Goldman Sachs said in its latest research note. "Following the recent Chinese domestic price declines, we estimate that 50%, or 11-12 million tonnes of Chinese output, is...
Aluminum wire & cable exports in China increased 65% YoY in Feb
According to a report from Shanghai Metals Market Aluminum wire and cable exports in China increased in February because of the slow domestic market and immediate payment by overseas buyers. Outbound shipments of wire and cables went up 65% year-on-year to 6,982 tonnes in February. Out of that...
Aluminium futures up 0.20 per cent on firming overseas trend
Aluminium prices edged higher by 0.20 per cent to INR 102.10 per kg in futures trade today as speculators enlarged positions amid a firming trend overseas. Besides, increased demand at domestic spot markets also influenced the prices. At the Multi Commodity Exchange, aluminium for delivery in March...
Aluminum up on LME; Chinese production cuts hit market
It was reported early this month that aluminum smelters in China are cutting production which could significantly improve the outlook for producers of the metal worldwide. China’s aluminum smelters are likely to shut about 2 million tons of operating capacity in the coming months as they try to...
LME aluminum prices are seen trading at $1748, selling recommended
On Tuesday, aluminum’s 3 month forward prices ended the day on a positive note, higher by 1.24% at $1752 while March futures prices at the MCX settled at Rs 103.35, up by mere Rs 0.40 due to the rupee’s appreciation. We could see the metal advancing higher supported by lower inventory numbers...
Alufoil markets stable in 2013 as outlook for growth improves
Full year results for the European aluminium foil sector, released by EAFA, the European Aluminium Foil Association, show a stable, but largely flat market in the past twelve months, while the outlook for 2014 is viewed optimistically, with a general recovery in demand expected to gather pace both...
Estimated aluminum demand in US and Canada declines 2.9% Y/Y in January
Aluminum demand in the United States and Canada (shipments by domestic producers plus imports) totaled an estimated 2,018 million pounds during January 2014, down 2.9 percent from a year ago. Demand for semi-fabricated (mill) products totaled 1,350 million pounds, declining 1.5 percent. Apparent...
Aluminium futures down on weak global cues
Taking weak cues from global markets, aluminium eased by 0.24 per cent, to INR 104.30 per kg in futures trading today as speculators offloaded their positions. Besides, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for...
Rusal in talks with lenders to delay their debt repayment
Rusal is presently in talks with their lenders to delay a repayment of part of its $10bn debt pile next month in the latest sign of distress in struggling industrial sector in Russia. Russia’s metal sector is struggling under a slow economy’s burden as well as weak commodity market and imposition...
Credit crunch and low aluminium prices forcing China smelters to halt alumina imports
An oversupplied market with extra pressure from tighter credit and falling aluminium prices are forcing Chinese aluminium producers to stop taking any current shipments and cut sport import of alumina, sources said. A cut in the alumina shipments to top alumina buyer of the world will help...
Aluminium down 0.6% on global cues
Taking weak cues from global markets, aluminium prices fell 0.61% to INR 106.05 per kg in futures trading today as speculators offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery...
Noranda major shareholder Holdings Lp Noranda sales 4,794,970 Shares
Noranda Aluminum Holding Corp. major shareholder Holdings Lp Noranda sold 4,794,970 shares of the stock on the open market in a transaction dated Monday, March 17th. The stock was sold at an average price of $4.50, for a total transaction of $21,577,365.00. The transaction was disclosed in a...
For Alcoa and others, new CME aluminum contract must reflect accurate pricing
The London Metal Exchange has faced more than a year of criticism for its aluminum contract. Blamed for everything that’s wrong with the aluminum market, the LME finally got a competitor who will also try to win the hearts and minds of metal buyers in the CME Group, which announced yesterday that...
Aluminium down 0.3% on global cues
Aluminium prices fell by 0.33% to INR 105.45 per kg in futures trading today as speculators offloaded their positions on weak cues from global markets. At the Multi Commodity Exchange, aluminium for delivery in April declined by 35 paise, or 0.33%, to INR 105.45 per kg in business turnover of 180...
Noranda Aluminum continues weakness after SPO offering
The stock of Noranda Aluminum Holding Corporation has been under constant pressure to show its price potential since it has reported its secondary common stock offerings price on 12th March. The offer they are going to share is around 10 million shares of common stock had almost raised the investor...
CME Group to launch aluminium futures contract in May to compete with LME
CME Group Inc will launch in May a physically deliverable aluminium futures contract in North America to compete with LME’s $54 billion market. The group came up with the plan after LME implemented the sweeping reforms to its metals warehousing system after a years-long crisis that has undermined...
Aluminium up 0.2% on global trends
Aluminium prices today rose marginally by 0.24% in futures trade mostly in line with a firming trend in the global markets. Further, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in March rose by 25 paise, or 0.24%, to INR...
Chinese alumina prices slip amid weak demand
Alumina prices were down in China this week as the weakness in the aluminium market tamed demand for raw materials. Chinese port prices for alumina were around 2,570-2,590 yuan ($418-422) per tonne fot in Lianyungang of Jiangsu province, compared with 2,570-2,600 yuan per tonne last week. Alumina...
