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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Closure threat to Sapa's Bedwas aluminium plant
An aluminum plant in Bedwas, which employs 132 workers, is under the threat of closure with management blaming challenging market conditions for the move. Sapa Extrusions has entered into a consultation process with employees and unions at the factory, which opened in the early 1970s. Alan...
Russia's Rusal expands value-added aluminum output on demand
Russia's Rusal, the world's largest aluminum producer, is running its mills at full capacity for billet, slab and foundry alloy production but cutting ingot output, Rusal Marketing CEO Steve Hodgson said in an interview Friday in Tokyo. Later this month, Rusal will start negotiations with Japanese...
Century Aluminum to release quarterly earnings on Monday
Century Aluminum is set to issue its Q313 quarterly earnings data on Monday, November 4th. Analysts expect the company to announce earnings of ($0.30) per share and revenue of $402.70 million for the quarter. Century Aluminum opened at 8.68 on Friday. Century Aluminum has a 52 week low of $6.02 and...
Aluminium market to soar after 2014, economist says
Aluminium companies should use a slow 2014 to upgrade, expand and hire new staff to gear up for boom times in the following years, an economist has said. Next year will be “off” compared with 2013 as demand slackens from the middle of 2014 into the first quarter of 2015, Alan Beaulieu, president of...
Aluminum climbs as China Manufacturing expands in recovery boost
Aluminum advanced, trimming a weekly loss, as China’s manufacturing expanded more than estimated in October, boosting the demand outlook for the industrial metal in the world’s biggest user. The contract for delivery in three months on the London Metal Exchange rose 0.5 percent to $1,869 a metric...
Aluminium down 0.1% on weak global cues
Taking weak cues from global markets, aluminium prices fell marginally by 0.13%, to Rs 113 per kg in futures trading today as speculators offloaded positions. Besides, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for...
Aluminium scrap will be a big issue for secondary smelters in 2014
UK secondary aluminium producers are preparing for a difficult scrap market in 2014, with tightness expected across international markets and no expectations of lower prices to come. “Scrap will be an issue next year – we’re trying to maintain sensible stock levels until the new year, but when we...
Aluminium up 0.7% on global trends
Aluminium prices today edged higher by 0.71% in futures trade mostly in line with a firming trend in the global markets. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in October rose by 80 paise, or 0.71%, to INR...
Semi demand, import & export up in US and Canada in August
Demand for aluminum semi-fabricated (mill) products in the United States and Canada (measured in shipments by domestic producers plus imports) totaled an estimated 1,445 million pounds in August, increasing less than one-tenth of one percent over the August 2012 total of 1,444 million pounds....
Investors plunge back into aluminium finance deals, premiums rise
Investors are again locking up aluminium in warehouses as collateral for financing deals, driving up premiums consumers must pay to to obtain metal quickly, months after the London Metal Exchange proposed plans to free up backlogged metal. This month the premiums, the amount paid above LME prices...
China’s aluminum capacity out of balance with domestic demand
Aluminum output in China is soaring, and according to the Ministry of Industry and Information Technology, approximately 10 million tons of capacity are being built. Meanwhile, in the West, run rates are finally coming down. Delay in closing plant among western smelters have finally turned into a...
Aluminium hits 2-month high as new LME rules expected
Aluminium touched the highest level in two months on Monday as traders said investors were betting that the London Metal Exchange (LME) would make changes to warehouse rules that would boost the price of the metal. Three-month aluminium on the LME climbed to a session high of $1,900 a tonne, the...
Aluminium futures trade higher on spot demand
Aluminium prices traded marginally higher by 0.27 per cent to INR 113.20 per kg in futures trading today as speculators created fresh positions after pick up in demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in November edged up by 30 paise, or 0.27 per cent, to...
Brazil's aluminium output falls 10.1% in September
Brazil’s aluminium output fell 10.1% year-on-year in September, following production curtail announcements in the country. This was down from 117,300 tonnes in the same month of 2012. In the January-September period of this year, production fell 8.5% compared with the same period in 2012, totalling...
LME aluminium to consolidate in $1,840-$1,860 range
LME aluminium is expected to consolidate in a range of $1,840-$1,860 per tonne, as indicated by its wave pattern and two trendlines. The drop from the Oct. 22 high of $1,891.25 is labelled as a wave c, the final wave of a three-wave cycle that developed from the Oct. 11 high of $1,890. Five small...
Deutsche Bank continues to see Aluminium prices drifting lower into the H1 of 2014
Deutsche Bank said that the aluminium market remains “more pain, before the cure”. That means weaker pricing in the near-term, to force further producer discipline, but we think the outlook has started to improve modestly. UC RUSAL’s update on their capacity closure plans went further than we had...
UK aluminium scrap market moves into balance
UK secondary aluminium prices were broadly stable on Wednesday October 23, while scrap moved into balance after dealers started offering more material to the market last week. LM6/LM25 gravity diecasting ingot edged down to £1,700-1,740 ($2,748-2,813) per tonne from £1,710-1,750 previously, but all...
Clock ticking for CME aluminium contract, industry expert Bodner says
CME Group has a window of just a few months to establish its new aluminium contract before the opportunity is missed, industry consultant Mark Bodner told Metal Bulletin. “CME rightly sees an opportunity,” Bodner said. “A launch before year-end will give a much better chance of success than if it’s...
