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Nalco CMD expects lower costs of production and higher alumina price to drive profits in FY19
14 JUN 20182MINS

Nalco CMD expects lower costs of production and higher alumina price to drive profits in FY19

In an interview to Economic Times, TK Chand, CMD, Nalco, says he expects the shortage in aluminium market to continue and the alumina and aluminium prices to remain bullish. According to him, in Q1 FY19, the company’s profit and EBITDA trend will continue to remain higher due to higher average...

Israel’s aluminium structures imports fall 48% in 2017, Turkey tops exporter list
07 JUN 20181MINS

Israel’s aluminium structures imports fall 48% in 2017, Turkey tops exporter list

The data shows a downward pattern for aluminium structures import in Israel. Israel’s imports of aluminium structures dropped 48 per cent year on year in 2017.The value of imports of this product is estimated to reach a peak in 2018. The countries from where Israel sourced maximum volume of its...

LME aluminium recovers slightly on consolidating US dollar; SHFE to continue its rangebound pattern
31 MAY 20182MINS

LME aluminium recovers slightly on consolidating US dollar; SHFE to continue its rangebound pattern

The US dollar index fell from a six-month high to around 94 overnight due to the lower-than-expected employment data and GDP from the US, intensified worries over US-Sino trade conflicts and a rebound in the euro. LME base metals rose for the most part. The contract recovered from the 40-day moving...

Sellers show restraint in spot aluminium market in East China: A00 aluminium ingot price dips
30 MAY 20182MINS

Sellers show restraint in spot aluminium market in East China: A00 aluminium ingot price dips

According to the update by Shanghai Metal Market, sellers in the spot aluminium market in East China showed reluctance in offloading their cargoes on Tuesday, May 29, 2018. Supply was, therefore, down from the previous day and spot discounts slightly narrowed. The SHFE 1806 contract fell as low as...

Launched! AlCircle's new report “World Recycled Aluminium Market Analysis - Industry Forecast to 2022”
23 MAY 20183MINS

Launched! AlCircle's new report “World Recycled Aluminium Market Analysis - Industry Forecast to 2022”

With the growing focus on using sustainable resources and cutting down carbon footprints, recycling of resources have become imperative to the global manufacturing sector. Aluminium being one of the most energy intensive industries, demands more focused R&D on the recycling sector. AlCircle...

Vimetco plans to decrease its ownership stake in Romanian aluminium producer
22 MAY 20181MINS

Vimetco plans to decrease its ownership stake in Romanian aluminium producer

Vimetco Group, which owns 84% stake in Alro, and controlled by Russian investor Vitaliy Machitski, is exploring strategic options for a potential decrease of its ownership stake in Romanian aluminium producer Alro Slatina. “The Company has been informed by its majority shareholder – Vimetco N.V.,...

Romanian aluminium company Alro posts 39% profit increase in Q1 2018
18 MAY 20182MINS

Romanian aluminium company Alro posts 39% profit increase in Q1 2018

Alro S.A., one of the largest vertically integrated aluminium producers, by capacity in Europe, announces consolidated financial results for the first quarter of 2018. Its net profit stood at RON 125 million in Q1 2018, up 39% from RON 90 million in Q1 2017.The Group's turnover increased 10% to RON...

Italy aluminium household article import to decline in 2018 after two years of rise
17 MAY 20181MINS

Italy aluminium household article import to decline in 2018 after two years of rise

Imports of aluminium household articles by Italy have been increasing in the last three years. China and Romania are the key countries from where Italy sourced maximum volume of aluminium household articles. According to recent statistics, in 2017, China and Romania exported about 16376 tonnes and...

Product manufacturers and end users concern over price and supply disruptions in aluminium
15 MAY 20183MINS

Product manufacturers and end users concern over price and supply disruptions in aluminium

The recent aluminium price rise after the U.S. sanction of Rusal, the leading Russian aluminum producer has created concern among buyers and sellers of the metal and also is threatening end user companies with profit drops. During April, aluminium prices swung over their widest monthly range since...

Emirates Global Aluminium likely to delay float after market turmoil: sources
12 MAY 20182MINS

Emirates Global Aluminium likely to delay float after market turmoil: sources

Emirates Global Aluminium’s (EGA) stock market listing is likely to slip to 2019 because of turmoil in global aluminum markets after the United States imposed sanctions on Russian aluminum group Rusal, three sources familiar with the deal said. “The IPO (initial public offering) is delayed to 2019...

Century Aluminium reports decrease in shipments in Q1 2018
04 MAY 20183MINS

Century Aluminium reports decrease in shipments in Q1 2018

Century Aluminium Company, a global producer of primary aluminium, reported a net loss of $0.3 million for the first quarter of 2018. The adjusted net loss for the first quarter of was $3.5 million compared to adjusted net income of $24.8 million for the fourth quarter of 2017. Sales for Q1 2018...

East China spot aluminium market witnessed cargoes transactions for May invoices
28 APR 20182MINS

East China spot aluminium market witnessed cargoes transactions for May invoices

According to Shanghai Metal Market, cargoes transactions with invoices for May dominated the spot aluminium market in East China on April 27, 2018. This was primarily because market participants rushed to take advantage of the last trading day before that value-added tax (VAT) came into effect. The...

Czech Republic estimated to import more and export less of aluminium powder and flakes in 2018
24 APR 20182MINS

Czech Republic estimated to import more and export less of aluminium powder and flakes in 2018

The global aluminium powders, pastes, and flakes market is estimated to grow at a compound annual growth rate of over 5 per cent during 2018-2022, according to Technavio market research analysts. The aluminium paste product segment accounted for nearly 39 per cent of the market in 2017....

Secondary aluminium market suffering tight raw material supply and sluggish demand
23 APR 20182MINS

Secondary aluminium market suffering tight raw material supply and sluggish demand

According to Shanghai Metal Market report on April 23, 2018, the secondary aluminium industry is being hit hard by tight raw material supply and sluggish demand following the US-China trade war started in March 2018. Aluminium scrap prices have been staying high since then, due to the lack of...

Short Supply of Metal is Impacting U.S. Aluminum Extruders
21 APR 20183MINS

Short Supply of Metal is Impacting U.S. Aluminum Extruders

In recent weeks the members of the Aluminum Extruders Council (AEC) have seen unprecedented disruption to the primary aluminum supply chain. Last month, the Trump Administration announced 10% tariffs on all primary aluminum products imported into the United States as a result of the Department of...

Venezuela’s aluminium alloy export grows in last three years
17 APR 20181MINS

Venezuela’s aluminium alloy export grows in last three years

The global aluminium alloy market is projected to grow at an exponential rate over the next five years. Aluminium alloys are preferred in automotive sector due to lightweight components and better fuel efficiency. Venezuela’s exports of aluminium alloy increased over the last three years, reveals...

Data shows a decline in aluminium wire export by Vietnam in 2018
13 APR 20181MINS

Data shows a decline in aluminium wire export by Vietnam in 2018

Vietnam’s exports of commodities increased to US$19800 million in March 2018, from US$143300 million in February 2018. The country’s export of aluminium wire increased in volume in 2017 when compared to 2016 data. Vietnam’s exports of aluminium wire are projected to decline in 2018. As per global...

Aluminium slugs market likely to have a steady growth in the period 2017-2027
08 APR 20183MINS

Aluminium slugs market likely to have a steady growth in the period 2017-2027

With a growing collection of single-serve packaging systems in the market, aluminium slugs are expected to secure a positive opportunity in the packaging industry. Healthcare, paint, food & beverage, pharmaceuticals and many other industries are looking at an increasing use of aluminium slugs for...