US industrial policy needs to be systematic, not just ad hoc – Part 1
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 1 After decades during which the very concept was taboo and the reality swept under the rug, the US has now rediscovered industrial policy. But this rediscovery remains incomplete, as too much of it is...
LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
Grow with
AL Circle
Aluminium prices hit a 1-month high, China still not cutting capacity
A recovery in demand is a key factor supporting aluminium prices this year. China unleashed a renewed government stimulus in the form of credit expansion and infrastructure building in December, which has — at least momentarily — improved the demand side of the equation for industrial metals. Trade...
WBMS: Primary aluminium market records deficit
The World Bureau of Metal Statistics (WBMS) has published the Metals Balances Report for the first four months of the current year. The global primary aluminium recorded marginal deficit during Jan-Apr ’16. The latest report published by the World Bureau of Metal Statistics (WBMS) indicates that...
SHFE aluminium to see range-bound trading as caution prevails
SHFE 1608 aluminium will trade in a tight range of RMB 11,850-12,000/mt today on strong market caution. The US dollar will gain favor before referendum on UK exit from the EU. LME aluminium will face downward pressure and move at USD 1,600-1,625/mt. In China’s spot aluminium market, spot premiums...
Risk-on sentiment lifts aluminium to highest since May 5
Aluminium hit its highest level in nearly six weeks on Wednesday and copper also jumped as the dollar dipped and investors bought more risky assets ahead of a Federal Reserve meeting. All the metals on the London Metal Exchange were swept higher, also getting a boost as some speculators closed out...
Global aluminium extrusion market to grow at a CAGR of 6.71% during 2016-2020
According to the data released in a recently published market research report, the Global Aluminium Extrusion Market will grow at a CAGR of 6.71 per cent during the period 2016-2020. Growing construction market has been identified as the sole growth driver for the sector. Aluminium extrusion is a...
Base metals looking mixed, aluminium spreads tighten
The base metals were for the most part firmer on Tuesday, June 14, with aluminium closing up 1.6 percent at $1,599.50. In Shanghai, the base metals are for the most part little changed. Equities remain on a back footing as the market gets more cautious ahead of the Brexit vote, the Euro Stoxx 50...
MCX aluminium resumes short-term uptrend
Since recording a multi-year low at INR 93 per kg in October 2015, the aluminium futures contract traded on the Multi Commodity Exchange (MCX) has been on an intermediate-term uptrend. However, the key resistance at INR 111 which is also 50 per cent Fibonacci retracement level of the prior...
Alcoa Inc's EPS forecast increased on back of improved Alumina profits: Rosenblatt
Analyst Chris Olin at Rosenblatt Securities Inc. increased its Earnings per Share (EPS) estimates for Alcoa Inc. The improved EPS estimates reflect an improved profitability outlook for the company’s Alumina segment. The analyst stated that the company appears to be in a better position and could...
Market for aluminium shields in the automotive sector to be worth $984.9 mln in 2021
The global market for aluminium shields in the automotive sector will be worth USD 984.9 million in 2021, according to a recently published market research report. The major factors which are driving the demand for aluminium heat shields are the rise in vehicle production, rise in military...
China's aluminium output soars despite trade barriers
China’s aluminium production rose to 2.68 million tonnes last month from 2.57 million tonnes in April, and 2.67 million tonnes a year ago, according to the data. Output declined 1.7 per cent in the first five months to 12.62 million tonnes. Chinese smelters, which had pledged to slash production to...
SHFE aluminium to see big volatility
China will release money supply for May today. Six Chinese aluminium smelters will hold a meeting today to discuss aluminium prices. This will leave SHFE 1608 aluminium moving widely between RMB 11,750-11,970/mt today. A strong dollar will send LME aluminium down to USD 1,560-1,580/mt. In China’s...
HPA demand in Asia-Pacific to grow at CAGR 13.5% to reach at $4.3 bln by 2022
The worldwide demand for high purity alumina is on the rise. The mineral with purity level equal to or greater than 99.9 per cent finds use in single crystal materials such as sapphires for watch covers, translucent tubes for high-pressure sodium lamps, high-strength ceramic tools and abrasives for...
China reports fall in exports of unwrought aluminium and aluminium semis in April
Customs data showed China exported 400,000 mt of unwrought aluminium and aluminium semis in April, down 20,000 mt MoM and 7 per cent YoY. YTD exports through April totaled 1.48 million mt, down 10.0 per cent YoY. Rising SHFE/LME aluminium price ratio cut export profit, leading to declines in export...
SHFE 1607 aluminium rises on pre-holiday downstream stocking
On Tuesday’s night trading, SHFE 1608 aluminium jumped to RMB 11,745/mt after opening at RMB 11,640/mt. But prices then fell back to RMB 11,590/mt and ended at RMB 11,710/mt. On Wednesday, SHFE 1608 aluminium opened at RMB 11,710/mt. Pre-holiday downstream stocking triggered short covering on SHFE...
Former LME CEO Abbott in talks to build new metals trading platform
According to reports, several global base metals brokers are engaged in discussions with the former CEO of London Metal Exchange on the subject of starting a new trading platform as an alternative to the LME. Several “high-profile LME Category One” traders are believed to be in support of the...
US-China meeting deepens financial ties but fails to find solution to global aluminium surplus
China has, for the first time, included the United States in a government scheme allowing American banks to clear renminbi-denominated transactions - in one of the few positive outcomes of the two sides' high-level dialogue that failed to narrow their differences over certain other issues like the...
Global HVDC capacitor market to grow at 15% to reach $4.36 bln by 2020
Global HVDC capacitor market is forecasted to grow at 15.19 per cent CAGR and reach $4.36 billion by 2020. The rising demand for electricity has placed huge pressure on the current power generation infrastructure. Besides power generation, transmission loss is also one of the key concerns because...
Rising demand for lightweight vehicles to drive automotive aluminium pistons market growth
The global market for lightweight aluminium pistons is growing owing to the rising sales of automobiles. A recently published market research observes, the stakeholders of the global automobile industry are focusing on the lightweight vehicles for better fuel efficiency in turn increasing the...
