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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Spot aluminium stockpiles in China crossed 1 million tons
Spot aluminium stockpiles crossed1 million tons in China as no signs of recovery were seen in consumption of downstream, a survey by the Shanghai Metals Market said. On a spot basis aluminium stockplies in the 4 major trading regions of China – Nanhai, Shanghai, Wuxi and Hangzhou – rose by 79,000...
China's aluminium imports fall 13% in February
China’s imports of unwrought aluminium and semi-finished imports fell by 13% month-on-month in February on ample domestic supply and a negative arbitrage. Imports totalled 95,000 tonnes for the month, double the amount unloaded at Chinese ports in February 2012, according to local media. "Import...
Shares of Century Aluminum has risen above previous 52-week high
Century Aluminum traded today at a new 52-week high of $12.64. Approximately 102,000 shares have changed hands today, as compared to an average 30-day volume of 740,000 shares. Century Aluminum defies analysts with a current price ($12.63) 15.5% above its average consensus price target of $10.67....
Russia's Rusal enters a $5 billion debt refinance deal with Sberbank
Rusal, the Russian aluminium giant, has entered into a deal with Sberbank to refinance their debt of $5 billion with the largest lender of the country, Oleg Mukhamedshin, Rusal Deputy Chief Executive said on Thursday. Rusal, hit by aluminium’s weak prices as well as heavy levels of debt of around...
Aluminum prices may again turn lower
Aluminum's 3-month forward prices at the LME recovered sharply yesterday by $50 and settled at $1770. We believe that there has been no major change in the fundamentals overnight, just a mere recovery that took place in the entire complex after concerns over Russian action against Ukraine settled...
Low aluminium price forces Chinese smelters to cut output
Chinese aluminium smelters are expected to close down nearly 2 million tons of operating capacity in the ensuing months in order to handle the losses occurring due to falling prices and declining support from government: industry sources said. The capacity cuts will control the oversupply in the...
LME aluminium to retrace into $1,743-$1,752 range
LME aluminium is expected to retrace into a range of $1,743-$1,752 per tonne, as it failed to break a resistance at $1,771. The resistance has been established at the 76.4 percent Fibonacci retracement on the fall from the Feb. 26 high of $1,788.50 to the March 3 low of $1,715. It has apparently...
Selling Recommended for aluminium
Aluminum was the worst performer in the Friday's trading session both globally and locally despite the US consumer confidence increased marginally and the pending home sales also showing marginal improvement even though the data was lower than the market expectations. However the stocks front...
Kaiser Aluminum director sells 8,500 shares of stock
Kaiser Aluminum Corp. Director Leeuwen Thomas Melton Van unloaded 8,500 shares of Kaiser Aluminum Corp. stock on the open market in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $70.27, for a total transaction of $597,295.00. Following the...
Aluminium down 0.3% on global cues
Taking weak cues from global markets, aluminium prices fell marginally to INR 108.25 per kg in futures trading today as speculators offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal's prices. At the Multi Commodity Exchange, aluminium for...
Constellium and Alcoa to Benefit From Rapidly Growing Aluminum Sheet Demand
As Original Equipment Manufacturers (OEMs) turn to aluminum from steel to further improve fuel efficiency and meet standards, automotive aluminum sheet industry is expected to register one of the fastest growth in the metals sector over the next several years. Industry experts and consultant...
Century Aluminum PT raised to $13.00 at Barclays
Century Aluminum Co. logoAnalysts at Barclays raised their price target on shares of Century Aluminum from $11.00 to $13.00 in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ target...
Kaiser Aluminum: managed with mettle
With backlogs at Boeing and Airbus Group at record levels, the boom in commercial-airplane manufacturing is expected to continue for some time. That's good news for Kaiser Aluminum, a maker of lightweight aluminum plate used in commercial planes. Kaiser, based in Foothill Ranch, Calif., is a...
Ormet is looking to sell smelter
Several months after shuttering its local plant and almost one full year since it filed for bankruptcy, Ormet Corp. has announced the smelter plant and surrounding property - including land on which natural gas currently is being produced - is up for sale. The company, in noting the plant's assets...
Russia's VEB wants to take part in aluminium state stock -report
Vnesheconombank, or VEB, the state development bank of Russia, is planning to participate in government state stock of aluminium creation, reported the news agency Interfax news agency. Russia's aluminium giant Rusal is presently in a loss making stage. It has supported the creation of such fund...
World Primary Aluminium surplus in 2013 at 1.102 million tonnes as per WBMS
The World Bureau of Metal Statistics came out with the report on metals. The report showed that the calculated market surplus for primary aluminium for January to December 2013 was 1.102 million tonnes, which follows a surplus of 349000 tonnes recorded for the whole of 2012. Demand for primary...
Rusal witnesses lowest aluminium output in 8 years as smelters shut
United Co. Rusal, the largest aluminium producer in the world, plans to cut down output to a minimum in the coming eight years as it will be shutting down inefficient smelters. It is expected production will be around 3.5 million metric tons in 2014, the company said on Tuesday to the Hong Kong...
Century Aluminum gets an average recommendation of “Hold” by industry analysts
Century Aluminum has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the company, AnalystRatingsNetwork.com reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have...
