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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Global Aluminum Market In 287,000-ton Surplus in January-February
The global aluminium market was in surplus by 287,000 metric tons in January and February, the World Bureau of Metal Statistics said Wednesday. Primary aluminum production in the first two months of 2012 rose 6.9% compared with the same period of 2011, it said, without providing the total figure....
India's Hindalco Industries plan to raise up to INR30 billion via bonds
MUMBAI – India's Hindalco Industries Ltd. (500440.BY) plans to raise up to INR30 billion by selling bonds, according to an invitation seeking bids from bankers. The Aditya Birla group unit, which sells aluminum and copper, plans to privately place 10-year secured bonds, said the invitation, seen by...
Kedia Commodity offers tips for Aluminium Commodity Trading
Aluminium yesterday traded with the positive node and settled 0.28% up at 106.1 as US dollar index stayed near 80 as better-than-expected retail sales in the US continue to support the reserve currency while Spanish debt causes worries towards the euro zone debt crisis to stay. LME aluminum moved...
Recent Stock market Outlook is Not Bright for Aluminum Producers
This past week stock market and commodity bulls alike pointed to a solid earnings report from the world's second-largest aluminum producerAlcoa as proof that the global economy is continuing to strengthen. Alcoa reported that its net income dropped 69 percent and revenues were flat at $6 billion as...
Hindalco Tests Demand for Possible 15 Bln Rupee Bond Sale
Indian non-ferrous metals producer Hindalco Industries is sounding out markets for a potential 10-year bond sale, with the aim of raising up to 15 billion rupees ($291.66 million), three sources with knowledge of the discussions said. The company, part of the diversified Aditya Birla Group, may hit...
Kaiser Aluminum shows the highest forward (P/E) ratio among aluminium companies
Below are the three companies in the Aluminum industry with the highest 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...
Alcoa starts earnings season with surprise profit
The News reported that aluminum giant Alcoa swung into profit in the Q1 as it slashed production to cope with a softer global economy and high commodity prices. After the stock market closed, Alcoa the first member of the blue chip Dow Jones Industrial Average to report earnings this year, reported...
Alcoa brought some much-needed good news to the Aluminium market
Alcoa brought some much-needed good news to the market when it reported a surprise profit in the first quarter as productivity improved while higher aluminum prices and better product mix translated into solid earnings. Both revenues and profits were up on a sequential basis while earnings declined...
Milton Friedman Proved Wrong by Aluminum Market
Commodity prices have fluctuated substantially over the past few years. The controversial question is, are financial speculators to blame? In general, prices are determined by underlying forces of physical supply and demand. But with regard to at least one commodity -- aluminum -- and at least for...
CME plans aluminum swaps to capture large OTC market
CME Group Inc said on Wednesday it plans to launch an aluminum swap futures contract based on the Midwest physical premium, in a move to take advantage of a burgeoning over-the-counter market and compete with the London Metal Exchange's own swap products. The swaps, which are designed for hedging...
China isn't likely to slow down aluminum production- Alcoa chief says
Demand for aluminum in China is growing heavily and the country isn't likely to slow down production, Alcoa Inc.'s (AA) chief executive told Fox Business Network on Wednesday. Klaus Kleinfeld said that despite having to import most of its bauxite and the high cost of energy to produce aluminum,...
Aluminum stocks at major Japanese ports fall 7.3% in March
Aluminum stocks at major Japanese ports at the end of March had declined 7.3% from a month earlier, a trader at a major Japanese house said Wednesday. Aluminum stocks totaled 245,100 metric tons, with 126,100 tons in Yokohama, 104,000 tons in Nagoya and 15,000 tons in Osaka. End-February stocks...
Alcoa's surprise profit is good news for Alumina holders
BELIEVE it or not, there's a silver (actually, aluminium) lining to Wall Street's 1.5 per cent nervy turn overnight and it comes from this year's second worst-performing main metal (behind only nickel). Kicking off the US quarterly earnings season, Pittsburgh plodder Alcoa reported earnings of...
Aluminum maker Alcoa reports surprise 1Q profit on higher revenue; could boost slumping stocks
Alcoa may have given a slumping Wall Street just what it needed: a surprise profit. The largest U.S. aluminum manufacturer said Tuesday that it earned 9 cents share in the first quarter. It surpassed analyst forecasts for a small loss by selling more aluminum to a wide range of customers, including...
ALUMINIUM SLUMPED TO 3-MONTH LOWS AT MCX
MCX Aluminium plunged to 3-month lows by 0.9% or Rs 0.95 to Rs 106.15 per kg with its high at Rs 107.55 per kg and low at Rs 106.05 per kg on Tuesday, 10th April. Aluminium was interpreting a downtrend since March 2012 and further slumped to its 3 month lows amidst the huge short selling in the...
Russia January-February Aluminum Exports +2.6% On Year
Russia exported 547,800 metric tons of primary aluminum in January-February, 2.6% more than in the corresponding period last year, the federal customs service reported late Friday. The aluminum exported in January-February was worth $1.157 billion, compared with $994.5 million a year ago. Aluminum...
Tajikistan Aluminum Output Rises 8% In January-March
Tajikistan Aluminum Co. said Monday that it produced 73,362 metric tons of primary aluminum in January-March, 8% more than in the fourth quarter 2011. The company plans to increase its output this year by 20%, to 332,500 tons. In 2011 the company's output fell by 20% on the year to 278,000 tons...
Alcoa Posts First-Quarter Profit
Aluminum producer Alcoa Inc on Tuesday reported a first-quarter profit after a loss in the fourth quarter of 2011 as a result of improved market conditions. Income from continuing operations in the first quarter was $94 million, or 9 cents per share, compared with a profit of $309 million, or 27...
