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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Metals market to play ‘decisive role’ in Chinese economy
Chinese metals market participants gave a cautious welcome to the release of a detailed summary of the conclusions of a key policymaking conference that took place last week. Beijing will allow the market to play a decisive role in the economy, instead of a fundamental role, the government said....
Noranda Aluminum neutral rating reaffirmed by Citigroup
Citigroup Inc. reaffirmed their neutral rating on shares of Noranda Aluminum Holding Corp. in a research note issued to investors on Monday, StockRatingsNetwork.com reports. The firm currently has a $3.20 price target on the stock, down from their previous price target of $3.50. “Based on our 2014E...
Daily average aluminium output falls in October - IAI
Daily average primary aluminium output excluding China fell to 65,300 tonnes in October from a revised 66,600 tonnes in September, data from the International Aluminium Institute (IAI) showed on Wednesday. Global production for October excluding China was 2.02 million tonnes, up from 1.99 million...
Aluminium futures rise on spot demand, overseas cues
Aluminium prices edged up by 0.18% to INR 108.90 per kg in futures trade today as participants enlarged positions, supported by a firming overseas trend. Strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in November inched up by...
Aluminum wire and cable producers to expand marketing outside power grid against tightening liquidity
Aluminum wire and cable producers in China are looking to expand marketing outside the power grid as the year-end liquidity crunch draws nearer, Shanghai Metals Market (SMM) has learned. New settlement terms from the State Grid Corporation of China (SGCC) have exacerbated cash flow problems at...
Aluminium down by 0.1% on global cues
Aluminium prices fell marginally by 0.05% to INR 110.50 per kg in futures trading today as speculators offloaded their positions, tracking a weak trend in the global markets amid subdued domestic demand. At the Multi Commodity Exchange, aluminium for delivery in November eased by five paise, or...
“The turnaround in the market will happen…only if the industry manages to reduce the stock level in the warehouse” Mr Helge Jansen – MD, HYCAST AS
HYCAST AS is a well-recognized Casthouse Solution provider from Norway with extensive experience and know-how gained from numerous projects world-wide, both within Hydro Aluminium and with other aluminium companies. AlCircle Team interacted with Mr Helge Jansen – Managing Director and Einar...
Aluminum Corp of China breaks above 200-day moving average
In trading on Friday, shares of Aluminum Corp of China Ltd. crossed above their 200 day moving average of $9.30, changing hands as high as $9.34 per share. Aluminum Corp of China Ltd. shares are currently trading up about 5.1% on the day. ACH’s low point in its 52 week range is $7.25 per share,...
China’s alumina imports rise in October on growing demand from aluminum smelters
China’s alumina imports rose in October due to aluminum smelters stockpiling raw materials for winter production and falling imported alumina prices, Shanghai Metals Market (SMM) has learned. Inbound shipments of alumina grew 25% from a year ago to 460,000 tonnes in October. This is because...
Aluminum processor Constellium Q3 earnings up on 'favorable' demand
Constellium reported increased earnings year on year in the third quarters of 2013 on the back of good demand from the automotive and aerospace sectors, the France-based aluminum rolled products producer said Thursday. "Constellium's adjusted EBITDA for Q3 2013 (a seasonally low quarter) was Eur64...
Downside in aluminum prices is possible
A supply glut amid continued sluggishness in the global economy continues to depress prices of aluminum. Even production cuts by major global companies have failed to prop up aluminum prices, with a dip in automobile purchases primarily responsible for capping demand worldwide. Any recovery will...
Rusal’s quarterly loss shrinks as unprofitable plants closed
United Co. Rusal (486)’s quarterly loss narrowed from the previous three months after the world’s largest aluminum producer shut unprofitable plants and cut costs. The net loss shrank to $172 million in the third quarter from $458 million in the second, Moscow-based Rusal said today in a statement....
Total Alufoil deliveries stay positive at Q3 despite weaker demand
Overall Year To Date (YTD) deliveries from Europe’s aluminium foil manufacturers stayed ahead of comparative figures for 2012, despite a weakening in demand through the summer. At 639,100 tonnes the totals are 0.8% higher than for the same 9 month period last year. Demand for thinner foils, used...
Gulf's aluminium market worth $30bn, says analyst
A slew of investments in the Gulf’s aluminium industry are currently worth around $30bn but are likely to grow to $55bn by 2020, according to Frost & Sullivan. Venkatesan Subramanian, vice-president and leader of the research firm’s metals and minerals practice, said the Gulf is “poised to become a...
LME slashes warehouse queue times to abate metal hoarding criticism
The London Metal Exchange has pledged to cut down the amount of time it takes for customers to receive physical metals in a bid to combat criticism over metal hoarding. Under a new plan, the LME plans to slash waiting times down to 50 days, after regulatory pressure for the industry to review its...
Alba continues to excel despite low metal prices
Aluminium Bahrain (Alba) swung to a third-quarter net profit on higher sales to Saudi Arabia, the owner of the world’s fourth-largest aluminium smelter said on Wednesday. Alba increased its sales by 4.2% YoY thanks to a strong Saudi demand while production rose by 4.7% YoY on the back of strong...
SMM Aluminum data analysis for September 2013
China’s aluminum output in September held largely flat with August levels as no smelters cut production and no new capacity came online. China produced 1.86 million mt of aluminum during September, up 11.15% YoY, but flat with August levels. Output from January to September hit 16.21 million mt, a...
Alcoa Intalco Works survives tough market conditions
It's been a year since Alcoa Intalco Works signed a 10-year power supply deal and two years since management and employees reached a new labor contract, avoiding a potentially crippling strike. For years uncertainty about the power supply cast a shadow over Alcoa's future in Whatcom County. Having...
