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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India Aluminum Price Rise on Weekly Metals Index
The biggest mover on MetalMiner’s weekly aluminum price index was the Indian aluminum cash price, which saw a 2.1 percent increase. This comes on the heels of a 1.1 percent decline the week prior. The cash price of primary aluminum rose 1 percent on the LME to $1,900 per metric ton after falling...
The issue of surplus haunts aluminium again
The issue of surplus has come back to haunt aluminium again taking a toll on bullish projections. Following September’s QE- and positioning-fuelled rally, retracement over the past month has taken LME aluminium prices back down towards the $1,900/t level. This move lower has been more than...
Global Aluminum Industry Expected to Reach US $160 Billion in 2017
The global aluminum industry is forecast to reach an estimated US $160 billion in 2017 with a CAGR of 5.3% over the next five years (2012-2017). Increasing application, growing environmental concerns, and the move toward greater use of recyclable materials are driving growth in the worldwide...
Aluminum billet market upbeat on 2013
Aluminum billet producers and consumers are fairly upbeat heading into year-end as most of their 2013 contract business is booked and demand is expected to remain reasonably robust next year on the back of strong automotive markets and a recovering building and construction sector. Tight supply has...
Rusal earnings hit by falling aluminium prices
Russian aluminium giant Rusal posted a third-quarter loss of $118 million on Monday, blaming Europe's economic turmoil and China's slowdown for sinking global demand for the metal. "The growth in the global demand for aluminium moderated in the third quarter of 2012 due to slower economic activity...
Aluminum industry is going through 'tough times': Chinalco
The aluminum industry is in 'tough times' but its outlook is expected to improve next year as global economic recovery picks up, Aluminum Corp. of China Ltd. ACH -1.69% President Xiong Weiping said Thursday. "The aluminum industry should recover [next year] but is going through a difficult period,"...
Kaiser Aluminum Ranks the Highest in aluminium industry in Sales per Share
Below are the three companies in the Aluminum industry with the highest sales per share. Sales per share is a valuable metric in comparing relative value for companies in the same industry.Kaiser Aluminum (NASDAQ:KALU) is highest with sales per share of $70.68. Kaiser Aluminum Corporation produces...
Novelis and other companies hit by falling aluminium prices
Aluminum prices on MetalMiner’s monthly price index, though down by four points from 99 in October to 95 in November, had mixed results with some poorly performing such as the primary 3-month LME, European commercial 1050 sheet, Chinese aluminum billet and the Chinese primary cash price. The...
Hindalco still optimistic about the aluminium market
In an interview to CNBC-TV18, D Bhattacharya, managing director of Hindalco says aluminium is kicking in profitability even today. "Aluminium will come back to its old glory. Even today aluminium business in Hindalco is perhaps the best, most profitable in the world. Our endeavour is to come back...
China's Domestic Aluminum Price Move in Uptrend
The industrial distribution of aluminum manufacturing enterprises has moved to the West. With the application of captive power plant, the real production cost of aluminum ingots was lower than market expectation. Since captive power plants occupied large ratio, production cost was up only 1-1.3%....
Hindalco Q2 sales seen up 4.3%
Aluminium major Hindalco Industries ' profit after tax is expected to go down by 24 percent year-on-year and 10 percent quarter-on-quarter to Rs 382 crore in the July-September quarter of current financial year. Sales are seen going up by 4.3 percent YoY and 8.8 percent QoQ to Rs 6,490 crore during...
Century Aluminum reports its third quarter earnings on 1st Nov.
Century Aluminum reported its third quarter earnings on 1st Nov. For the quarter ended Sep. 30 (Q3), Century Aluminum beat expectations on revenues and missed expectations on earnings per share. Compared to the prior-year quarter, revenue dropped and GAAP loss per share expanded. Margins dropped...
Spot prices of Europe aluminum alloy dip again in sluggish market
Spot prices of standard grade aluminum alloy pulled back by a further Eur20/mt ($26/mt) in Europe this week as sluggish demand and good supply weighed on the market. "It's quiet as there are so many holidays across Europe this week," said a Polish aluminum alloy producer. "Prices have come down a...
Kaiser Aluminum Ranks as a Top Pick among Analysts
A study of analyst recommendations at the major brokerages shows that Kaiser Aluminum Corp. is the #3 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 Index is...
Indian Aluminium futures rise in domestic market
Taking positive cues from the global markets and rising spot market demand, aluminium prices edged up by 0.39 per cent to Rs 102.35 per kg at futures market. At the Multi Commodity Exchange, aluminium for delivery in October gained 40 paise, or 0.39 per cent, to Rs 102.35 per kg, with a business...
Copper, aluminium recover from lows but Hurricane Sandy hurts liquidity
Base metals were firmer in premarket trading on the LME on Tuesday but volumes remain thin while the US East Coast struggles with the impact of Hurricane Sandy. Copper and aluminium recovered from near-two-month lows set in the previous session, with analysts ascribing the recovery to dip buying....
Sterlite Industries regaining Street confidence
Sterlite Industries is once again attracting analysts’ attention, especially after the recent quarterly results, which were ahead of expectations. Many of them are now turning positive on the company due to reasonable valuations. More importantly, analysts believe that the contribution of zinc,...
RUSAL gets extension of waiver from its banks
Russia's RUSAL, the world's largest aluminium producer, has extended a waiver from its banks to end-2013 to meet required financial conditions on a $4.75 billion syndicated loan as it battles lower prices and high debt. The aluminium giant had reached agreement in March to get a 12-month holiday on...
