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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Smelters and bankers predict the end for aluminium surplus
This year is predicted to be the one, when the world can churn out excess aluminium than it can use, as economic recovery begins to stoke demand while some producers cut output after years of falling metal prices. This is what is predicted by few aluminium bankers and smelters, going against the...
Refractory market saw a slight decline in 2013: iAbrasive
iAbrasive, an international marketplace for the online purchase and sales of abrasives products only, gives a report showing that refractory market has seen a slight decline in 2013. According to the analyses, the price of refractory materials shows a downward trend in 2013 due to the changes in...
Aluminum overcapacity in China weighing down prices: Fitch Ratings
Rising capacity at aluminum plants in China, which account for almost half of world output, will weigh down prices this year in a market that’s already over-supplied, according to Fitch Ratings Ltd. Capacity may increase to 34.2 million metric tons from 30.3 million tons in 2013 and 26 million tons...
Russia's Sberbank in negotiation with Rusal on debt restructuring
Russian state lender Sberbank is negotiating with loss-making aluminium group Rusal on a debt restructuring deal to help the company weather low aluminium prices, two banking sources told Reuters on Friday. United Company Rusal, the world's biggest producer of the metal used in transport and...
Hulamin foresees growth on succesful talks with BHP
If successfully concluded, current negotiations between aluminium group Hulamin and BHP Billiton offer the tantalising prospect of comparatively stable earnings growth for Hulamin over the foreseeable future. Such growth should see a reversal of fortunes for Hulamin shareholders who looked on as...
Chevrolet can gain U.S. share in the pickup market : GM executives
General Motors executives say Chevrolet can take market share from Ford in the pickup market despite the planned introduction late this year of a redesigned F-150. Dealers who attended Chevy’s make meeting here on Sunday said GM executives believe Ford’s heavy use of aluminum could raise the cost...
Century Aluminum benefits from industry changes
Century Aluminum Co. is the US based aluminium company which though not as big as Alcoa is expected to see some great action at the stock market given the overall upward trend in the industry. Century Aluminum too benefits from industry changes The recent change in regulations by some of the major...
Aluminium producers must limit supply to help aluminium market: Rusal CEO
According to Oleg Deripaska, the CEO of Rusal, the largest aluminium company in the world, discipline among aluminium producers and restrictions in supply to the market can save the aluminium market from the current financial crisis. "Now we realize only discipline on the supply side… will help us...
Aluminium Bahrain B.S.C.CEO visits customers in Asia
Aluminium Bahrain B.S.C. (Alba)'s Chief Executive Officer, Tim Murray recently visited customers in Asia as part of Alba's drive to improve customer satisfaction as well as expand its customer base across the region. Mr. Murray met with Alba's customers, trade partners as well as employees in the...
LME aluminium to revisit high of $1,825.25
LME aluminium is expected to revisit its Jan. 17 high of $1,825.25 per tonne, as it has completed a correction from this level. The correction could be considered as a pullback towards the neckline of an inverted head-and-shoulders that formed between Jan. 6 and Jan. 15. The quick recovery of the...
JPMorgan upgrades Century Aluminum to "Overweight"
JPMorgan upgraded Century Aluminum from Underweight to Overweight with a price target of $13.00 (from $6.00). "We are increasing estimates, raising our price target to $13, and upgrading CENX to Overweight from Underweight to reflect the impact of tightening aluminum markets and rising Midwest...
World supplies of aluminium to shrink in 2014, 2015
Analysts predict a tightening surplus in the aluminium market. The surplus this year is seen at 568,400 tons compared to an oversupply of 591,747 predicted in a previous poll. Cash aluminium prices are seen averaging $1,840 a ton this year, according to 31 analysts, down from previous forecasts of...
Alcoa surges on hopes for global aluminium sector
After Alcoa stocks have been upgraded by JPMorgan in November to ‘overweight’ on the prospect of a tight global aluminium market in near future, the shares of Alcoa have been moving at their fastest speed. New York- based analyst Michael Gambardella has pulled up the earnings forecast for the year...
LME aluminium is expected to gain more to $1,839 per tonne
LME aluminium is expected to gain further to $1,839 per tonne, as it has broken above resistance at $1,818. The resistance was established by the 76.4 percent Fibonacci retracement on the fall from the Dec. 30, 2013 high of $1,839 to the Jan. 9 low of $1,751, there will be no other resistance until...
Alumina Limited gets a 'Buy' Rating
Investment house Deutsche Bank has rated Bauxite and aluminium investor Alumina Limited as a ‘Buy’, following the release of more than expected fourth quarter results, a report in Australian Financial Review says. Alumina Limited owns a 40% share of Alcoa World Alumina & Chemicals (AWAC), the...
Die casters furnish testimony to Senate
North American Die Casting Association (Nadca) has submitted formal testimony to the Senate Banking subcommittee on Financial Institutions and Consumer Protection, which is looking into the ownership of metals, particularly aluminum, by warehouses and financial institutions. "This is an important...
Aluminium futures rise on spot demand, global cues
Aluminium prices went up by 0.32 per cent to INR 108.15 per kg in futures trade today as participants enlarged their positions, supported by a firming trend overseas. Further, strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in...
LME aluminium signals mixed
Signals are mixed for LME aluminium, as it is not clear if the rebound from the Jan. 9 low of $1,751 will extend. The extension will be confirmed when aluminium climbs above a resistance at $1,785, the 38.2 percent Fibonacci retracement on the fall from the Dec. 30, 2013 high of $1,839 $1,751. Both...
