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 Bahrain breaks all time record on sales
Aluminium Bahrain B.S.C (Alba) was able to deliver an unparalleled performance in 2013 - sales figures for the year rose by 3.3% year-on-year (YoY) to 919,722 metric tonnes (mt) ahead of the company's own forecast for the period while production figures were up by 2.5% YoY to reach 912,700 mt...
Aluminium supply deficit to rise by more than 50% in 2014, says Barclays
The multinational banking and financial services firm Barclays has projected that supply deficit in aluminium market to reach 1.1 million mt in 2014, almost 51% higher when compared with the 2013 deficit of 726,000 mt. In its latest released Metals Magnifier report, Barclays states that the Chinese...
Hindalco falls post peer Alcoa letdown on earnings
Shares in Hindalco Industries fall 1.2 percent after its global peer Alcoa Inc, the largest US aluminium producer, reported a massive quarterly loss on Thursday and gave a stagnant outlook on global aluminium demand. Excluding the impairment charge of USD 1.7 billion on smelter acquisitions and...
MCX Aluminium falls, market under long-liquidation
The rise in premiums highlights the London Metal Exchange's (LME) limited ability to cool a market where low interest rates continue to whet appetites for locking up aluminium as a form of investment. January 08, 2014 12:19 MUMBAI: Aluminium settled down -0.32% at 109.30 despite that Aluminium...
Aluminium wheels industry to grow at 8.48%
The global automotive aluminium wheels industry will grow at a CAGR of 8.48% over the period 2012-2016, says a new report. One of the key factors contributing to this market growth is the increasing demand for vehicles across the world. The global automotive aluminium wheels industry has also been...
Japanese aluminium demand stays strong
Japanese aluminium shipments rose for a fifth month in November, as strong domestic demand offset continued weakness in exports. Shipments jumped 4.9% year-on-year to 168,387 tonnes in November, according to the Japan Aluminium Association (JAA), though volumes were down 5.6% from the previous...
Excess supply to keep aluminium price on leash
The aluminium sector in India is in a slowdown phase. Data from the World Bureau of Metal Statistics shows that aluminium consumption in India declined by 22 per cent in 2013 (till October) compared with an increase of 7.2 per cent and 6.4 per cent in 2012 and 2011 respectively. The metal’s...
Aluminium moves up 0.73 pc in futures trade on spot demand
Aluminium prices moved up by 0.73 per cent to INR 110.90 per kg in futures market today as speculators enlarged positions on the back of increased demand from consuming industries in the spot market. At the Multi Commodity Exchange, aluminium for delivery in January moved up by 80 paise, or 0.73...
Smelter's competitiveness hurt as production is reduced
A large amount of aluminium business would be taken away by competitors from Queensland due to Boyne Smelter Ltd's three-month production cutback. The smelter will be producing 14,000 tonnes less than usual from January to the end of March. The decision to reduce aluminium production has stemmed...
Aluminium rises by 0.3% on spot demand
Aluminium prices edged up by 0.32% to INR 110.45 per kg in futures trade today as participants enlarged their positions, supported by a firming trend at spot markets on strong demand. At the Multi Commodity Exchange, aluminium for delivery in January inched up by 35 paise, or 0.32%, to INR 110.45...
Aluminum shipments slide in US and Canada in November
Following a general improvement in volume during October, North American metals service centers’ deliveries of steel and aluminum declined significantly in November. The figures reported by the Metals Service Center Institute in its Monthly Activities Report showed double-digit declines for both...
Noranda Aluminum stock rises 9.8%
Noranda Aluminum Holding Corp. was a big mover last session, as the company saw its shares rise by nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above...
Aluminium hits highest in nearly two months
Aluminium touched its highest level in nearly two months on Monday as consumer buying boosted the market in thin conditions. Three-month aluminium on the London Metal Exchange (LME) climbed to a session peak of $1,839 a tonne, the strongest since Nov. 4, before paring gains. It closed at $1,822, up...
Underperform rating on Hindalco shares
Hindalco Industries Ltd, caught in a weak global aluminium cycle, is facing headwinds in domestic operations. While commissioning of long-awaited Greenfield capacities (Utkal refinery and Mahan smelter) will aid volume growth, lack of captive coal and high capex costs will lead to losses. We remain...
Aluminium up 0.1% on spot demand, short-covering
Aluminium futures prices rose by 0.14% to INR 109.70 per kg today as speculators covered up their short positions on rising demand in spot markets even as metal weakened in the global markets. At the Multi Commodity Exchange, aluminium for delivery in current month up by 15 paise, or 0.14%, to INR...
Aluminium is lifted by a weak dollar & tightening supplies
Aluminium settled up 2.86% at 109.55 prices rose to their highest in more than four months on Friday, lifted by a weak dollar, tightening supplies and expectations that economic recovery in top consumer China will help boost demand for industrial metals next year. China's economic growth is likely...
Aluminium falls on profit booking, gets support on China buying
Aluminium settled down -0.88% at 106.50 on profit booking while outlook remain firm on growing confidence about the global economy, year-end covering and the prospect of purchases from China's state reserves. Strong U.S. economic data on Thursday and a bullish growth forecast for China, the world's...
Aluminium divides China from the rest of the world
The global aluminium production sector is becoming ever more polarised. China's national output of the light metal has risen by 3.36 million tonnes annualised since the first quarter of this year, while output in the rest of the world has contracted by 1.06 million tonnes over the same period....
