ADC12 consolidates on a strong note as costs rise and orders see marginal improvement
Aluminium scrap: This week, China's aluminium scrap market price centre edged up alongside primary aluminium. As of September 10, SMM A00 aluminium prices closed at RMB 24,560 per tonne, up RMB 210 per tonne from RMB 24,350 per tonne last Thursday. Domestic aluminium scrap prices followed with...
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...
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Norsk Hydro net profit down 34% on weak market
Norwegian aluminum producer Norsk Hydro ASA said Friday its first quarter net profit fell 34% on year to NOK513 million, and that it expects the market to remain weak, especially in Southern Europe. -Net profit was NOK513 million, down from NOK782 million a year ago. -Revenue was NOK21.75 billion,...
Norsk Hydro net profit down 34% on weak market
Norwegian aluminum producer Norsk Hydro ASA said Friday its first quarter net profit fell 34% on year to NOK513 million, and that it expects the market to remain weak, especially in Southern Europe. -Net profit was NOK513 million, down from NOK782 million a year ago. -Revenue was NOK21.75 billion,...
Aluminum Alloy Profiles With Negative Quality in Market
Provincial Industrial and Commercial Bureau released the products quality monitoring results of the Q1 this year that only 71% of aluminum alloy profiles passed detection, near 70% small appliances were disqualified. They’ve extracted 41 groups of aluminum alloy profiles from the distributors in...
Aluminum Demand May Keep Balance in Domestic Appliances Industry
The aluminum demand may keep balance with last year in China domestic appliances industry 2012. Hu Xiaohong who is the vice minister of China Household Electrical Appliances Association (CHEAA) Information Department pointed out that the aluminum demand in China Domestic Appliances Industry may...
Century reports loss – discussions to continue on Helguvik site
Century Aluminum Company reported a net loss of $3.9M for Q1 2012. Financial results were impacted by a loss on forward contracts of $5M related to the mark to market of aluminum price protection options. Cost of sales for the quarter included a $6.4M charge for the restart of a curtailed potline...
Noranda Aluminum is Among the Companies in the Aluminum Industry With the Lowest Forward P/E Ratio (NOR, CENX, AWC, AA, KALU)
Below are the three companies in the Aluminum industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to...
China Reports Strong Aluminum Strand Exports in first Quarter
Data from China Customs show aluminum strand exports grew 13.99% YoY to 10,303 mt in March, fueling a 64.88% jump YoY to 28,584 mt in 1Q, as large Chinese aluminum wire and cable businesses increase research input and upgrade products to stimulate export. In the meanwhile, China has maintained 13%...
Aluminium- Production shutdowns will limit further downslide
Aluminium prices have suffered disproportionately over the past month, falling by close to 10% since the beginning of March. A modest increase in LME open interest levels since mid-March supports the view that CTA shorting has been a key factor behind the downward move. From a fundamental...
Suriname bauxite company announces layoffs
PARAMARIBO – Minister Jim Hok of Natural Resources (NH) is concerned about the layoffs announced by Suralco. “This is not only bad news for employment,” the minister says. The reason for the layoffs is the declining demand for aluminum. “It shows once again that the bauxite industry is near death,”...
Japan aluminum rolling mills, producers start discussions on third quarter volumes
Japanese aluminum rolling mills and two producers of primary aluminum have started discussions on term volumes for the third quarter, ahead of the premium negotiations which are likely to start in the week beginning May 21, company sources said Monday. The rolling mills want to secure their...
Yechiu Metal Soars 14% As It Joins Taiwan Listings In China
Shares in Yechiu Metal Recycling (China), an aluminum products and scrap company with operations in China, the U.S. and Malaysia, soared by 14% in early trading today as it joined the growing ranks of Taiwan-controlled businesses listed at mainland bourses. Yechiu sold 105 million new shares at 13...
Hindalco may report 9.8% revenue growth for last quarter: RK Global
RK Global Shares & Securities has recommended `Buy` on Hindalco Industries with a price target of Rs 154 as against the current market price (CMP) of Rs 130.65 in its report dated Apr. 18, 2012. The broking house gave the following rationale: Revenue expected to grew 9.8% Y-o-Y on voluminous...
Deripaska Sees 2012 Aluminum Price at $2,200-$2,400
United Co. Rusal Chief Executive Officer Oleg Deripaska expects aluminum prices to be in a range of $2,200 to $2,400 a ton this year. While the aluminum market is “very shaky,” high physical demand is pushing up premiums, Deripaska told reporters at a briefing in London today.
United Company RUSAL : Rusal CEO : A Quarter Of Global Aluminum Capacity Loss-Making
Russian aluminum producer United Co. Rusal PLC (0486.HK) said Friday that the aluminum market is still plagued by excess production capacity with a quarter of the global market operating at a loss. Chief Executive Oleg Deripaska told reporters in London he expects the aluminum price to hover around...
World daily average aluminium output down in March: IAI
World primary aluminium output averaged 68,400 mt/day in March, down from 68,900 mt/day in February and 69,800 mt/day in March 2011, according to figures released Friday by the International Aluminium Institute. Total production in March (31 days) was 2.121 million mt, up from a revised 1.999...
Research and Markets: Bauxite and Alumina Market Review - Five Year Market Forecast
Dublin - Research and Markets has announced the addition of the "Bauxite and Alumina Market Review" report to their offering. The Bauxite and Alumina Market Review is an absolutely essential resource for anyone interested in the detailed information on the reviewed market. Using a wide range of...
Shanghai Metals Market Morning Review - 2012/4/20 Aluminum Market
LME aluminum opened at USD 2,065/mt and dipped to USD 2,051/mt later pressured by weak US economic data. Successful Spanish debt auction afterwards helped the metal break through the 5-day moving average and finally settled near the level. Transacted contracts stayed above 10,000 lots while...
Global Demand Growth for Both Bauxite & Alumina Shows Stable Rates
Thanks to the wide-spread application of bauxite in the face makeup, dishwashers, cement, soda cans production, the demand for the mineral is rather healthy and is to retain the stable growth rates. Alumina in its turn is primarily utilized in the ceramic products and chemical processing, the...
