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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Century Aluminum Co. Stock enters oversold territory
In trading on Monday, shares of Century Aluminum Co. (NASD: CENX) entered into oversold territory, changing hands as low as $7.93 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to...
Noranda Aluminum has the Highest Forward Earnings Yield in the Aluminum Industry (NOR, KALU, AA, AWC, CENX)
Below are the three companies in the Aluminum industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the...
Rusal’s share price drops on news of Vekselberg lawsuit
The share price of one of Russia’s biggest companies, aluminum producer Rusal, dropped slightly on Friday following media reports that billionaire Viktor Vekselberg’s investment firm had launched a lawsuit against it. A source close to Vekselberg confirmed to the Prime Tass news agency on Friday...
US aluminum demand seen strong across most segments: Nichols exec
The US aluminum market is expected to see strong demand across most segments and even the long-suffering building and construction sector should pick up this year, according to Tom Brackmann, chairman and president of sheet maker Nichols Aluminum, said Wednesday. "There's got to be a pent-up demand...
Aluminum commodity slides for sixth straight session after FOMC minutes
Aluminum posted its sixth straight session of losses. The tone turned negative early in Wednesday's London Metal Exchange session following the release of Federal Open Market Committee minutes late Tuesday that removed hopes of imminent U.S. monetary easing, Triland Metals says. "However the mood...
SHORT SELLING PULLED DOWN ALUMINIUM TO 6-WEEKS LOW AT MCX
Aluminium plunged to 6-weeks low at MCX extending the weekly losses and stood near to the major support level of Rs 107.7 per kg. Huge short selling with 36% rise in its open interest to 4833 lots hammered the metal at domestic bourses MCX. Aluminium shed by 0.5% or Rs 0.55 to Rs 107.8 per kg with...
Global and China Automotive Wheel Hub Industry Report 2011-2012
In China, aluminum wheel hub manufacturers can be divided into two categories, aftermarket-oriented, mainly referring to small- and medium-sized producers, and OEM market-oriented, chiefly large-sized ones. Aftermarket consists of domestic and foreign types, there are numerous small-sized...
Rusal deputy CEO sees China moving into aluminium deficit in 2015
UC Rusal, the world’s largest aluminium producer, said it expects China’s aluminium industry to move into a deficit in the next couple of years as the country begins to transfer industry to the western provinces. China would try to solve one of its key problems, high power costs, not by cutting...
Aluminum Demand Continues To Lead Base Metals Pack—BNP Paribas
Aluminum should continue to outpace other base metals in 2012-13, despite softer demand for the past two quarters, says BNP Paribas. The metal will also be affected by probable slower Chinese growth in 2012-13, not least due to the depressed housing market, the research report says. “Nevertheless,...
Chinese Aluminium supply surge over 9% in February, adds to the supply glut
Chinese production of aluminium surged in February, potentially adding to the existing global glut, as per the latest data. China is one of the largest producer and consumer of aluminium in the world. A recent report by the International Aluminium Institute stated that China's average daily primary...
Analysts divided on China's reported aluminium output increase
A reported increase in China's primary aluminum production for February has divided analysts, with some saying it undermined cutbacks made elsewhere in the industry, while others describe it as a statistical "catch-up" and not actually representative of a physical increase in production....
Shanghai Metals Market Morning Review - 2012/3/30 Aluminum Market
LME aluminum closed down USD 25.8/mt or 1.19% at USD 2,143/mt on Thursday, after hitting USD 2,130/mt, a new low since January 13, with weaker-than-expected economic data from the US and slowing Chinese demand. Transactions almost doubled to 15,620 lots as short capital poured into the market. The...
Chinese aluminium production hits record level in early 2012: Barclays
Chinese aluminium production has surged to a record level early in 2012 as low-cost capacity is ramped up, said Barclays Capital in a daily commodity research note. According to Barclays, the supply-side of the aluminium market has experienced a sharply divergent trend so far in 2012 between China...
Rio Says Trade, Private Equity Eye Aluminum Assets
Rio Tinto has seen "quite a lot" of interest in aluminum operations earmarked for sale last year, despite tough market conditions, and is preparing the estimated $8 billion of assets for a variety of options, including a stock listing. Rio signalled a major retreat from its aluminum business last...
China supply adds to aluminium glut
OUTPUT cuts by aluminium companies such as Alcoa, the third-biggest producer, amid tumbling prices will fail to end a world supply glut as their efforts are undone by record levels of Chinese smelting, Citigroup said. Average daily Chinese production is at record levels, while output in the rest of...
Nalco shares rise 4 per cent as government considers stake sale
Shares of country's second largest aluminium producer Nalco gained about 4 per cent on the BSE, after the government today said it is actively considering disinvestment of 10 per cent stake in the PSU. The company's scrip settled for the day 3.92 per cent higher at Rs 55.70 on the BSE, valuing the...
US primary aluminum market sees solid demand, traders lift premiums
Premiums for P1020 aluminum have continued strengthening this week, as traders reported more deals to consumers and claimed close-freight consumers were not getting their previous discounts. The Platts premium rose another 10 points Tuesday over LME cash, moving to 8.9 cents/lb from 8.8 cents last...
Alcoa: Not Much Upside Without Increase In Aluminum Prices
The aluminum business has been in quite a rut as aluminum prices have fallen significantly from their 2011 highs. The recent announcement by China of prioritizing low inflation over growth hasn't helped either. The fact that the LME Aluminum Warehouse Stocks Level are at 5 year highs compounds the...
