Aluminium fluoride prices rise on cost support; premium for high-grade supply widens
This week, trading sentiment in China's aluminium fluoride enterprises was moderate, and aluminium fluoride prices continued to rise. As of now, SMM mainstream quotations for aluminium fluoride stand at RMB 11,500-12,300 per tonne; cryolite spot prices firmed, with SMM cryolite quotations at RMB...
Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
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Aluminium futures up on spot demand
Aluminium futures prices rose by 0.31 per cent to Rs 112.60 per kg on Monday as speculators enlarged positions, supported by rising demand at spot markets and a firming trend overseas. At the Multi Commodity Exchange, aluminium for delivery in February up by 35 paise, or 0.31 per cent, to Rs 112.60...
Oleg Deripaska predicts upturn in the aluminium sector
As chief executive of Rusal, the world’s biggest aluminium producer, he has a ringside view of what is going on in the commodity markets and the turmoils of his own sector. Last month mining giant Rio Tinto waved goodbye to its chief executive Tom Albanese, as it wrote another $10bn (£6.4bn) to...
Azerbaijan raises aluminum export
Azerbaijan's aluminum export made $94,929,000 in 2012. According to the State Customs Committee, export has risen by $82,239,000 or 648.09% over 2011. The share of aluminum export made 0.4% as of 1 January 2013. Aluminum export made $12,689,000 in 2011.
Kaiser Aluminum Upgraded to “Outperform”
Zacks upgraded shares of Kaiser Aluminum from a neutral rating to an outperform rating in a report issued on Tuesday. They currently have $66.00 target price on the stock. Shares of Kaiser Aluminum traded up 0.81% during mid-day trading on Tuesday, hitting $62.13. Kaiser Aluminum has a 52 week low...
Goldman cuts AK Steel, Century Aluminum to sell
Shares of AK Steel and Century Aluminum Co. both fell in midday action Monday after Goldman Sachs downgraded both stocks from neutral to sell. Goldman cut the ratings as part of a general downgrading of the entire steel sector to cautious from neutral, stating that "significant multiple expansions...
Reliance Steel & Aluminum ranks among analysts' top Picks
A study of analyst recommendations at the major brokerages shows that Reliance Steel & Aluminum Co. is the number 26th broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans...
Chalco Shandong Branch Signed Foreign Orders Successfully
In order to widen market, Chalco Shandong Branch adjusted products structure based on market demand. It got successful breakthrough. Recently, it gained first orders from some buyers from Germany. It is reported that the Germany purchaser mainly ordered processed aluminum body materials. Demand of...
Century Aluminum Rating Downgraded to Sell
Goldman Sachs downgraded Century Aluminum (NASDAQ: CENX) from Neutral to Sell with a price target of $7.00, saying low aluminum prices continue to weigh on earnings. "We continue to be negative on aluminum fundamentals and while Century is working on cost reduction strategies through new power...
Global Aluminum Electrolytic Capacitor Industry is down due to slow demand
The global aluminum electrolytic capacitor market has been heavily battered against the backdrop of faltering economies and bleak demand in the downstream consumer electronics market. Subsequently, leading industrial players including NCC, Nichicon, Panasonic, LELON and Jianghai witnessed declines...
Nalco can gain Rs 250 cr on alumina sale to Vedanta
National Aluminium Company ( Nalco), which has an exportable alumina surplus of nearly one million tonne per annum, stands to gain Rs 250 crore if it agrees to sell the intermediate product to its competitor - Vedanta Aluminium Ltd (VAL). The business deal, though apparently lucrative, is not...
Aluminium consumption set to rise through to 2020
Consumption of aluminium is set to rise between now and 2020, according to a recent market report. According to Roskill Information Services, global production of aluminium has grown by an average of 6.6% between 2002 and 2011 and by 18.4% in China. Consumption growth over the same period was 5.9%....
Aluminum Weaker in Base Metals Market
Current Aluminum Prices On Jan. 22, 2013, the day’s biggest mover on MetalMiner’s aluminum price index was the LME cash price of primary aluminum, which saw a 1 percent decline to $2,000 per metric ton. After improving for two days, the aluminum 3-month price declined 0.8 percent on the LME to...
China’s Daily Aluminum Output Rose to Record in December
China’s average daily aluminum output rose to a record 56,800 metric tons in December, according to data from the International Aluminium Institute. “This is a record high for China,” Nadine Faldo, a manager for safety and statistical reporting, said by e-mail today. Output increased 2.5 percent...
Aluminium prices are expected to rise
Aluminium prices should improve slightly this year, despite an expected surplus of the metal and the likelihood of overproduction in the years ahead, Deutsche Bank said in its quarterly commodities review. Aluminium posted a spot return of about zero last year, the bank said. The aluminium market...
Aluminium futures up on spot demand
Aluminium futures prices rose by 0.46 per cent to Rs 109.95 per kg today as speculators enlarged positions, supported by a firming trend at the spot markets on strong demand even as metal weakened in the global markets. At the Multi Commodity Exchange, aluminium for delivery in January up by 50...
Noranda sees US aluminum market in recovery, but customers still cautious
The US aluminum market has started to show signs of recovery, Kip Smith, president of Noranda Aluminum said Monday. "Were in recovery mode, but take your own view how robust that recovery is," Smith said at the Platts Aluminum Symposium in San Diego. Smith said that the US housing market had...
Primary Aluminium surplus at 365100 tonnes in Jan-Nov 2012
WBMS has said that the calculated market surplus for primary aluminium for January to November 2012 was 365100 tonnes which follows a surplus of 1.88 million tonnes recorded for the whole of 2011. Global Aluminium production in January to November 2012 rose by 901000 tonnes from the same period in...
Rio Tinto charge underlines weak outlook for aluminum
Rio Tinto's latest write-down of its aluminium assets supports our view that weak pricing and net market surpluses are likely to continue for at least the next two years, pressuring producer profitability, Fitch Ratings says. The charge of between $10bn and $11bn is not a surprise given the state...
