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...
Grow with
AL Circle
Experts report review of the Russian aluminum shape market 2012
Today, experts point out not only the growth of the aluminum shape market, but also spreading spectrum of applications of this material. According to experts, the market volume in 2012 in comparison with 2011 increased by about 11%. In the context of upward trend of the Russian aluminum shape...
LME aluminium targets $1,639-$1,657 range in three months
LME aluminium may drop into a range of $1,639-$1,657 per tonne in three months, driven by a downward wave (c). This is the third wave of a bigger wave C that developed from the March 2, 2012 high of $2,361.50. A Fibonacci projection analysis reveals that the wave (c) has travelled below a support...
The electrolytic aluminum capacity in China will reach 32 million tonnes in 2013
The electrolytic aluminum capacity in China will reach 32 million tonnes by the end of this year, said Wen Xianjun, vice Chairman of China Nonferrous Metals Industry Association. If the new capacity well controlled, the goal to solve the overcapacity will be realized. In the first 11 months, the...
Aluminium ingots move up on renewed offtake
Aluminium ingots moved up in an otherwise mute non-ferrous metal market here today on stockist buying amid renewed offtake from consumer industries. The industrial metal edged up at the LME, from the highest in nearly two months hit the previous day, as traders cut risk ahead of a Federal Reserve...
Rio Tinto shelves $4 billion aluminum smelter plan in Paraguay
Rio Tinto has announced that it is shelving its plans to construct an aluminum smelter worth $4 billion in Paraguay. The company attributed its decision to poor market conditions in the aluminum segment. The decision doesn’t come as a surprise to us, considering that only a few days back the...
Aluminum Outlook for 2014 is still not bright
One of the toughest markets to read direction for has been aluminum and next year, consumers will not be pleased to hear, it does not look much better. In most other markets, massive over-supply would result in prices falling to the point where marginal suppliers throw in the towel and supply...
Aluminium futures down on weak global cues
Aluminium prices fell by 0.50 per cent to Rs 109.50 per kg in futures trading today as speculators offloaded their positions amid weak cues from global markets. Besides, subdued demand in the domestic spot markets also weighed on metal prices. At the Multi Commodity Exchange, aluminium for delivery...
National Aluminium Company stock price down since last Dec
Global aluminium prices have been on a downtrend in the last few years. This has weighed on National Aluminium Company (Nalco) with its stock price falling around 30 per cent since last December to Rs 37 currently. The company’s margins are stabilising due to higher sale of alumina and lower input...
Trafigura predicts overcapacity for alumina market in near future
The alumina market which has been in structural overcapacity since 2007 will stay this way for the foreseeable future, Trafigura’s head of non-ferrous and bulk commodities Simon Collins said in the trading company’s first publically available report. A general lack of volatility restricted trading...
Bahrain's Alba on track to exceed last year's production-record
Aluminium Bahrain, also known as Alba, has said it is on track to exceed the production-record of 890,000 metric tonnes set last year. The company described 2013 as "an exceptional operational performance despite tough market conditions". Chairman Mahmood Hashim Al Kooheji said in a statement:...
Aluminum leads drop in metals on U.S. budget, stimulus outlook
Aluminum prices in London fell for the first time in a week, pacing losses among industrial metals, amid prospects for a U.S. budget accord and speculation that the Federal Reserve will scale back monetary stimulus. A budget deal is on track for approval by Congress, ending a cycle of spending...
US LME aluminum inventory falling, but market is far from fixed
LME-registered aluminum stocks in the United States are falling apparently, down 6% so far this year to around 1.8 million metric tons, according to Reuters, the lowest since July 2009. This is all the more remarkable as global inventories have risen to new records with the market still in massive...
Aluminium rises on spot demand, overseas cues
Aluminium prices edged up by 0.41% to INR 110.55 per kg in futures trade today as participants enlarged positions, supported by a firming trend overseas. Strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for January delivery inched up by 45...
Rio Tinto puts off plans for Paraguay aluminium plant
Giant global mining company Rio Tinto said on Tuesday it postponed studies related to a proposed $4-billion aluminium plant in Paraguay due to bad market conditions, putting what would be the country's biggest-ever foreign investment in jeopardy. The plant would have been Rio Tinto's largest...
Alcoa edges away from aluminum, reviving stock
Alcoa Inc. isn’t waiting around for the aluminum market to emerge from its interminable slump, because that’s not likely to happen any time soon. Instead, the New York-based company is on a mission to reduce its exposure to the commodity that it was built on. Alcoa’s reanimated stock price suggests...
Aluminium down 0.5% on global cues
Taking weak cues from global markets, aluminium prices fell to INR 106.75 per kg in futures trading today as speculators offloaded positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in December...
2014 downstream aluminium contracts
While primary aluminium supply contracts have been warped by high premiums over the past two years, downstream aluminium product contracts are still more tied to their market’s fundamentals. Primary buyers have had to contend with new types of contract as premiums are now a much larger part of the...
Popularity rate of aluminum wheel as high as 66% in 2012-2013
In 2012, the world's PLT output hit 67.6 million, with the popularity rate of aluminum wheel as high as 66%. The estimate suggests that the world's PLT output in 2013 will register 68.9 million with the penetration rate of aluminum wheel soaring to 67%. In 2012, OEM aluminum wheel shipment...
