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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Kaiser Aluminum Passes Through 2% Yield Mark
Looking at the universe of stocks we cover at Dividend Channel, in trading on Thursday, shares of Kaiser Aluminum Corp. (NASD: KALU) were yielding above the 2% mark based on its quarterly dividend (annualized to $1.00), with the stock changing hands as low as $49.87 on the day. Dividends are...
Highest Forward Earnings Yield in the Aluminum Industry Detected in Shares of Noranda Aluminum
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...
Hindalco Industries melts 6% ahead of results
Country's largest aluminium producer Hindalco Industries is going to announce its December quarter number today. Its standalone profit after tax is expected to be flat at Rs 459.4 crore in the October-December quarter of FY12 as against Rs 460.3 crore in a year ago quarter. Net sales are seen going...
China Aluminum Industry Expanded by 66.8% Last Year:Research and Markets
Research and Markets has announced the addition of the "Aluminum Industry in China" report to their offering. The aluminum industry in China expanded by 66.8% last year, making China the largest single producer and consumer of aluminum in the world. It is expected that China will produce about 17...
MCX Aluminium trades range bound, support 109.1
Aluminium yesterday traded with the range bound node and settled 0% flat at 109.9 tracking LME three-month aluminum initially hit USD 2,299/mt on Wednesday but closed down USD 3.5/mt or 0.16% at USD 2,251.5/mt due to worries towards worsening of the Greek debt crisis. LME aluminum stocks climbed...
Rusal Extends Gains as Aluminum Demand Rises: Hong Kong Mover
United Co. Rusal, the world’s biggest aluminum producer, rose for the third day in Hong Kong trading as the company expects demand for the silver-colored metal to keep increasing. The shares climbed 6.4 percent to HK$6.82 as of the midday close, bringing their gains this year to 39 percent. That...
Novelis Q3 net loss at $12 million, sales dip 4%
The leading producer of aluminium rolled products also registered a 4 per cent dip in net sales to $2.5 billion for the December quarter due to lower shipments and a decrease in average aluminium prices, a company statement said. Novelis, a subsidiary of Hindalco Industries, has registered a net...
Aluminum Preferred Over Copper for Cables Helps Rusal, Alcoa: Commodities
Copper has climbed to almost four times the price of aluminum, a record ratio that’s accelerating a switch by manufacturers to using the cheaper metal in electric cables and wires, a United Co. Rusal executive said. Demand for copper is shrinking by about 400,000 tons a year through substitution,...
Aluminum Shortage, Copper Surplus in 2014 : Barclays Forecasts
Aluminum will be in shortage in 2014 for the first time since at least 2005 as copper moves into surplus, Barclays Capital said. The aluminum shortage will be 33,000 metric tons against a surplus of 224,000 tons this year and 336,000 tons next year, Barclays said in a report e-mailed today. Copper...
MCX aluminium under pressure on global debt concerns
Aluminium yesterday traded with the negative node and settled -0.78% down at 108.15 as pressure had seen as LME aluminum stocks surged by over 30,000 mt overnight to above 5 million mt, damping market sentiment. Greece failed to agree on an austerity plan, postponing the reform meeting until today...
Easing Its Debt Allows Rusal To Focus Down the Euro Road
Oleg Deripaska spent the best part of his Moscow working days in 2009 in what he called a "war room," dealing with Russia's biggest-ever corporate-debt restructuring. Three years on, and aluminum and energy producer United Co. Rusal PLC still has a war room, but the work being carried out there is...
Russia 2011 Aluminum Exports 2.4% Up At 3.419M Tons
Russia exported 3.419 million metric tons of aluminum in 2011, an increase of 2.4% compared with the 2010, the federal customs service reported Tuesday. The exported aluminum was worth $7.158 billion compared with $6.021 billion in 2010. Aluminum export to countries outside the Commonwealth of...
Banks outsmart metals storage rules to make millions
Banks and trading houses have found a way to beat the ravages of economic downturn, storing millions of tonnes of metal with a business model that outsmarts new rules put in place following widespread concern about their practices. As of April 1 this year, new London Metal Exchange regulations...
LME warehouse war goes global
Now we know how the clash of the titans played out in the aluminium market last December. It's one of the quirks of the London Metal Exchange's (LME) arcane trading system that the monthly "third Wednesday" prime prompt actually takes place on the Monday of the week, December 19th in this case. And...
Shanghai Metals Market Moring Review - 2012/2/7 Aluminum Market
LME aluminum stocks surged by over 30,000 mt overnight to above 5 million mt, damping market sentiment. Greece failed to agree on an austerity plan, postponing the reform meeting until today as it seeks financial aid. A rebound in worries towards Greek defaults weighed on the euro and induced...
Aluminium futures up 0.46 pc
Aluminium prices gained 0.41 per cent to Rs 109.55 per kg in the futures market today mostly supported by a pick-up in domestic demand at spot markets. At the Multi Commodity Exchange, aluminium for delivery in March rose by 45 paise, or 0.41 per cent, to Rs 109.5 per kg, with an open interest for...
BIR World Mirror on Non-Ferrous February 2012
BIR: The following article is based on the latest Non-Ferrous Metals World Mirror produced by the BIR world recycling organisation for the benefit of its members. Despite on-going concerns over the outcome of the debt crisis in the Euro-zone and over the potential for any new economic setback to...
European aluminium premiums increase on positive market sentiment
The European physical aluminium market has continued to see more optimistic sentiment develop on the back of tighter supply for some grades and increased spot business. "It's moving up," one European trader said. "Everyone is offering higher. It's the closure of plants and the lack of good-quality...
