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...
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SHFE 1607 aluminium ends with loss
On Wednesday’s night trading, SHFE 1607 Aluminium dipped to RMB 12,220/mt after opening at RMB 12,305/mt. But prices then rallied to RMB 12,400/mt before ending at RMB 12,380/mt. On Thursday, SHFE 1607 Aluminium rose to RMB 12,395/mt after opening at RMB 12,355/mt. But short selling sent the most...
LME aluminium to consolidate in $1,529-$1,559 range
LME aluminium may consolidate in a range of $1,529-$1,559 per tonne for one or a few days before rising again. The bounce from the May 13 low of $1,531 seems to be incomplete. However, the metal may have not accumulated enough bullish momentum to bounce beyond the resistance at $1,559, the 50...
Automotive alloy market to be worth $177.47 bln by 2021
The global alloy market for automotives is projected to grow at a CAGR of 7.69 per cent from 2016 to 2021, to reach a market size of USD 177.47 billion by 2021, according to a recently published market research report. The report segmented the alloy market for automotives by the alloy type (steel,...
Increasing applications of light emitting diodes benefit high purity alumina market
High purity alumina (HPA) is a high-value product that is used as a base material in the fabrication of sapphire substrates. These substrates have applications in scratch-proof artificial sapphire glass, semiconductor wafers, and light emitting diodes (LEDs). Traffic lights, backlights in...
Aluminium futures rise on global cues, spot demand
Tracking firmness in base metals overseas coupled with strong demand at domestic spot markets, aluminium prices edged up 0.19 per cent to INR 103.70 per kg in futures trade today as participants’ enlarged positions. Marketmen said apart from increased domestic demand, a firming trend in the base...
SHFE Aluminium to lack rising momentum
SHFE 1607 aluminium will struggle around the 5-day moving average and move at RMB 12,050-12,200/mt on Monday. LME aluminium will remain weak at USD 1,530-1,550/mt. In China’s spot aluminium market, spot discounts of RMB 0-10/mt and spot premiums of RMB 0-30/mt are expected over SHFE 1605 aluminium...
China aluminium stocks fall faster on demand recovery
Aluminium stocks in China’s five major markets fell at a much faster pace last week as demand has picked up, SMM says. Warehouse withdrawals recovered markedly, but arrivals did not keep up pace, SMM learned. Downstream buyers returned to the market as their panic eased after aluminium prices fell...
Rusal aims to keep 2016 aluminium output at 2015 level
Russian aluminium giant Rusal Plc expects 2016 production to be in line with 2015, it said on Friday, after reporting signs of improvement in the market. Rusal, which last year was overtaken by China's Hongqiao as the world's biggest aluminium producer, has been hit by weak prices. It expects...
Aluminium extends its dollar-induced losses touching its lowest level in a month
Despite optimism over a rebound in the U.S. economic growth that overshadowed a stronger dollar resulting in slight uptick in commodity prices, aluminium extended its slide, touching its lowest level in a month on persistent worries about oversupply. "We should see a bit more caution setting in. We...
LME representative among BIR Nonferrous speakers
The Bureau of International Recycling (BIR) Non-Ferrous Metals Division has announced three guest speakers who will address “the main parameters that are currently determining the market dynamics for nonferrous metal scrap” at the BIR’s World Recycling Convention in Berlin on May 31, 2016. The...
Aluminium futures firm up as spot demand hardens
Aluminium prices edged up by 0.68 per cent to INR 104.40 per kg in futures trade yesterday, May 11, as participants enlarged positions amid a firming trend overseas. Moreover, strong demand in spot markets influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in the...
Eicher Motors charts strong sales growth despite aluminium and steel price volatility
In an industry where volumes matter the most, the rest tend to follow. Going by the March quarter numbers, Eicher Motors seems to be perfecting this art better than peers such as Bajaj Auto and TVS Motor Company. Led by strong sales growth in its Royal Enfield offering and commercial vehicles in...
Global aluminium can stock market moving East
Global demand for beverage cans will grow~3-4 per cent in 2016 and a similar growth trend is expected up until the end of this decade. This growth is being driven largely by increased consumption in emerging markets. Together, the US and Canadian markets use approximately 94 billion aluminium cans...
Tesla tumbles but stands to reshape global metals market and aluminium demand
Electric car maker Tesla's shares have tumbled after the company lost two executives and nearly doubled its first-quarter loss, but some analysts are turning their attention to the company’s potential effect on the global metals market, especially lithium, aluminium, and copper. The company...
Aluminium futures weaken on sluggish demand
Aluminium fell 0.18 per cent to INR 109.40 per kg in futures trade today after traders reduced their exposure due to sluggish demand at the domestic spot market amid weak trend overseas. At Multi Commodity Exchange, aluminium for delivery in June eased 20 paise or 0.18 per cent to INR 109.40 per kg...
Aluminium slips as global factory growth stalls blunting demand hopes
Global manufacturing growth slowed down last month putting a downward pressure on commodity prices, a survey showed. In China, factory activity shrank for a 14th consecutive month in April, a survey showed, presenting a mixed picture of the health of the world's No. 2 economy. Aluminium gave up...
LME aluminium to meet resistance
LME aluminium will meet resistance and move at USD 1,660-1,680/mt on Tuesday, with crude oil prices down due to profit-taking. SHFE 1606 aluminium will move at RMB 12,650-12,750/mt, with support at the 10-day moving average and resistance at the 5--day moving average. In China’s spot aluminium...
Aluminium stocks fall sharply in China major markets
Aluminium stocks continued falling significantly in China’s five major markets, SMM reports. SMM learned from many warehouses that load-out shipments, though down slightly, were still higher than load-in shipments, allowing stocks to fall steadily. SMM expects aluminium stocks in these five regions...
