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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NALCO to buy back 25% stake from government
State-controlled National Aluminium Co Ltd (NALCO) has agreed to buy back 25 per cent of its shares from the government, Indian Mines Secretary Balvinder Kumar said after a meeting with the company on Monday to discuss pricing. The buyback, initiated by the finance ministry earlier this year, is...
Speculators push aluminium to nine-month high
Aluminium hit a nine-month peak on Friday, April 29, as speculators pushed prices higher thanks to a weaker dollar, but analysts were wary about a possible retreat. "You look at aluminium, the only buying this week has been CTA buying, we still see no consumer activity, they're not chasing this...
RUSAL Q1 aluminium production increases amid signs of price recovery
UC RUSAL announced its operating results for the first quarter 2016. Aluminium production in first quarter totalled 916 thousand tons (-0.5 per cent QoQ). The smelters utilization rate was on average at 95 per cent. Russia Siberian smelters accounted for 94 per cent of total aluminium output. First...
Shanghai aluminium near 10-mth high amid slow restarts in China
Shanghai aluminium futures jumped to their highest level in nearly 10 months on Monday, tracking gains on the London Metal Exchange amid optimism about a demand pick-up up in top consumer China. While demand is recovering, restarts among aluminium smelters in China after production curbs last year...
Global automotive lightweight material market to grow at 14% CAGR during 2016 - 2022
According to a recently published market research report, the global automotive lightweight material market (includes components made from downstream aluminium and high-grade aluminium alloy) was estimated at $77.1 billion in 2015, and it is expected to grow at a CAGR of 14.0 per cent during 2016 -...
LME Aluminium to hold firm, SMM forecasts
Aluminium on London Metal Exchange will hold firm at USD 1,640-1,670/mt today, SMM forecasts. SHFE 1606 aluminium will challenge resistance at RMB 13,000/mt and move at RMB 12,750-13,050/mt on market bullishness. In China’s spot aluminium market, spot discounts of RMB 0-40/mt are expected over SHFE...
Aluminium long position on LME biggest since Nov 2014: Analysts
Aluminium hit the highest in over eight months on Friday, April 22, but many analysts were wary that prices were stretched and could be due a correction lower with demand still patchy. Strong buying lifted metals in the European afternoon as stops were hit and speculators chased prices higher after...
Aluminium prices rocket higher from oversold levels
Aluminium was quick to correct lower after stalling at $1,605 early in March, dropping to $1,475. The sell-off attracted buying that led to a rebound to $1,548. Prices then consolidated but have since pushed higher again; the push has turned to a sprint, with prices gaining more than $100 in four...
Hindalco in talks to refinance Novelis' $5.3-bln loans
Aditya Birla Group firm Hindalco has initiated talks with banks to refinance loans worth $5.3 billion taken by its subsidiary Novelis. According to bankers, the loans are being refinanced with longer-term loans and at lower costs to cut the finance costs of the company and increase its repayment...
Aluminium hits 4-week peak as China trade data brightens demand outlook
Non-ferrous metals including aluminium, zinc, and copper gained on Wednesday, April 13, after Chinese trade data brightened the outlook for demand in the world's biggest metals consumer, prompting some investors to shift back to commodities. Price gains in aluminium and industrial metals had a...
Aluminium futures gain on spot demand
Aluminium prices in Indian market edged up by 40 paise to INR 101.30 per kg in futures trade today as participants enlarged positions, supported by a strong spot demand in the physical market. In futures trading at the Multi Commodity Exchange, aluminium for delivery in May inched up by 40 paise,...
Alba sales surge by 1.4% in Q1 2016
Despite the downside trend of all-in-aluminium prices, Aluminium Bahrain B.S.C. (Alba) was able to increase its overall sales. For the first quarter of 2016, sales figures reached 231,538 metric tonnes (mt), an increase of 3,231 (mt), as compared to 228,307 mt in Q1 2015 while production dropped to...
Aluminium futures weaken 0.24% on profit booking
Aluminium prices softened by 0.24 per cent to INR 102 per kg in futures trading today as participants booked profits, driven by subdued demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in far-month May declined by 0.24 per cent to INR 102 per kg in a business...
Declining US aluminium ingot supply to ratchet up need for imports to meet demand
US primary aluminium production will drop to 0.8Mt in 2016, down from 1.6Mt in 2015. The strong US dollar, relatively high power prices, and low metal prices are behind this major reduction in output. Ingot production will be the hardest hit, but the continuation of slab casting at Alcoa's Warrick...
Global high purity alumina market will reach USD 5.09 bln by 2020
According to a recently published market research report, the global high purity alumina market is projected to reach USD 5.09 billion by 2020, growing at a CAGR of 20.1 per cent between 2015 and 2020. The rising demand of high definition televisions, smart phones, electronic sensors, and LED...
SHFE Aluminium to face technical correction
SHFE 1606 aluminium will face technical correction after falling below the 10-day moving average, and should move at RMB 11,600-11,750/mt on Friday, SMM forecasts. According to SMM, LME aluminium will trade in a range of USD 1,490-1,510/mt, In China’s spot aluminium market, spot discounts of RMB...
Mozambique Government concerned at lack of market for bauxite
The Mozambican government is concerned at the lack of a market for the bauxite mined in the central province of Manica.Last year, Manica produced 4,985 tonnes of bauxite, a 47 per cent increase on the 3,386 tonnes produced in 2014. But much of this production remains unsold because of the...
Chinese production down; Non-Chinese production up
Aluminium in China jumped to its highest price point in about six months. Chinese production seems to have fallen sharply over December and January which would help explain the strength of the local rally in prices. Meanwhile, according to the International Aluminium Institute (IAI), non-Chinese...
