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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Barclays: Global aluminium-capacity closures now 1.3 million tons/year
Barclays Capital calculates that announced aluminium-capacity closures around the world now total 1.3 million metric tons per year. This includes capacity of 292,000 tons which has not been producing since 2009, around 342,000 tons of non-price-related closures and 85,000 tons per year of delayed...
Aluminium companies' shares trade firm in a weak market; brokerages bullish on Hindalco, Nalco
Shares of aluminium majors like Nalco and Hindalco are trading firm in a weak market on reports of pick-up in demand for the metal and approvals of various stimulus plans by governments across the globe. The has resulted in a substantial improvement in average global aluminium prices since June...
Aluminum Producer Alcoa Gives a Lift to U.S. Equities
Wall Street railed today on projections from Aluminum Producer Alcoa that it sees increased demand for aluminum globally in 2012. The Dow rallied 94 points, the Nasdaq rallied 27 points and the S&P 500 rallied 13 points by midday in the U.S. session. Traders on OpenBook are primarily long on the...
LME CEO: Detroit Warehouse Queues Won't Vanish Overnight
Queues to take aluminum out of warehouses in Detroit won't vanish overnight once a requirement kicks in for a unit of Goldman Sachs Group Inc. (GS) to increase deliveries, the chief executive of the London Metal Exchange said Thursday. Martin Abbott said delays in taking metal out of Detroit...
Caustic soda demand to fall on more aluminium cuts – US Alcoa
Global demand for caustic soda will drop because customers will likely cut alumina and aluminium production in the coming weeks, executives at US-based metal producer Alcoa said on Wednesday. The Alcoa executives are in Houston this week to ask caustic soda producers to give them some relief from...
Alcoa signals better times for aluminium producers in 2012
Alcoa Inc.’s results may at first alarm investors in aluminium firms. It reported a loss of $193 million (Rs. 1,007 crore today), the first since 2009, due to weaker demand, lower prices and rising costs. Restructuring costs contributed a large chunk, arising from the company’s decision to shut...
Aluminum May Rise to Six-Month High This Quarter on Demand, Vedanta Says
Aluminum prices may rise to as much as a six-month high by the end of the quarter as processing companies replenish inventory to meet a rebound in demand, said Vedanata Resources Plc (VED), India’s biggest producer. Prices may climb to as much as $2,300 a metric ton on the London Metal Exchange by...
Alcoa's surprising optimism lifts Alumina
ALUMINA shares were boosted yesterday when US aluminium giant Alcoa gave a buoyant outlook for aluminium markets and confirmed it was not looking at closing any Australian smelters. In kicking off the US reporting season, Alcoa logged a fourth-quarter loss of $US191 million ($185m) -- its first...
Global Aluminum Cutbacks May Equal 4% of Capacity, Goldman Says
Global aluminum production cutbacks may equal 4 percent of capacity, resulting in 2 percent of aluminum output lost for 2012, Goldman Sachs Group Inc. said. With production forecast to exceed demand by 800,000 metric tons, the “buffer for further disruptions and curtailments has disappeared,” Max...
Shanghai Metals Market Morning Review - 2012/1/13 Aluminum Market
A further drop in China’s CPI growth and successful Spanish and Italian debt sales overnight boosted market confidence. An unexpected surge in unemployment claims later in the US to nearly 400,000, however, weakened such support. LME aluminum hit an intraday high of USD 2,197/mt overnight, but...
Reports: Aluminum Sheet, Plate, and Foil Manufacturing Industry in the U.S. and its International Trade
This 2012 publication of Aluminum Sheet, Plate, and Foil Manufacturing Industry report is the comprehensive market research guide for the industry. It contains the latest information on the industry's key financial data, competitive landscape, cost and pricing, and trends during the current...
Hindalco: Novelis brings fresh impetus
Renewal of the Coca-Cola bottlers-Novelis deal and commencement of new domestic capacity should boost volumes. After touching a 52-week low on January 2, Hindalco shares got a boost, as its US arm, Novelis Inc, renewed its can-body sales agreement with global beverage giant Coca-Cola. Also, the...
Aluminum Prices to Recover as Producers Cut Output, Alba Says
Aluminium Bahrain BSC, the second- largest producer of the metal in the Middle East, forecast that prices will recover this year as some suppliers cut output. “Less-competitive smelters will have to reduce their production capacity or even shut down” in the first half of 2012 because of low...
Norsk says may cut Australia aluminium output
Norwegian metals group Norsk Hydro is considering cutting production at its Kurri Kurri aluminium plant in Australia because of depressed metal prices, the company said. A consultation period with employees and union representatives at the 180,000-tonnes-per-year facility north of Sydney was...
Spot inquiries on rise in NA aluminum billet market
January is off to a strong start in the North American billet market as producers report a pickup in inquiries from customers looking for additional spot metal following an abnormally slow contract season. The mating season for the 2012 contract year was unusually sluggish this fall as cautious...
Better outlook bolsters Alumina shares
ALUMINA has managed to avoid more share price savagery despite Alcoa, its partner in the AWAC global alumina alliance, confirming that the collapse in aluminium prices had resulted in a loss in the December quarter. Shares in the ASX-listed Alumina bounced 7.5¢ higher to $1.17 yesterday in response...
Aluminum Profiles Enterprises Suffered Varied Pressure
Influenced by property market regulation, restrictions on industry standard and rising of electrolytic aluminium cost, the surplus aluminum profiles industry sink into difficult position, as well the obstructed export market deteriorated this industry. The Status Quo and Difficult Position Firstly,...
Aluminum supply being crimped, but demand the key'
The supply of aluminum is being crimped, but demand remains the key for the market, said Goldman Sachs in a briefing. According to Goldman, more than 4% of global aluminum capacity is likely to be lost due to the combination of low prices, along with non-market factors such as disruptions in power...
