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 stocks continue falling in China major markets
Aluminium stocks continued falling significantly in China’s five major markets, SMM says. More ingots flowed to central and southwest China from northwest China. Smelters in northwest China increased shipment of aluminium liquid, also reducing the amount of ingots available for sale. It will take...
Aluminium hits its highest in three weeks while other metals falter
Aluminium has hit its highest in nearly three weeks after data showed that China's factory sector grew for the first time in nine months, but other metals faltered after US jobs data raised the prospect of further interest rates increases. US employment increased solidly in March and wages...
Rising demand from APAC to keep aluminium rods market buoyant until 2019
The global aluminium wire rods market is slated to grow at a CAGR of around 2 per cent during 2015-2019, revealed data released in a recently published market analysis. The increased investments in infrastructure are driving the growth of this market. Developing economies such as India are heavily...
Aluminium to remain only bright spot among base metals this week
Aluminium will continue to outperform other base metals this week on positive market fundamentals, SMM forecasts. Aluminium stocks kept falling in China’s major markets. China will see limited new capacity and restarted capacity for the foreseeable future. So, market supply will remain tight. SMM...
Australian Bauxite says firm soon to reopen Bald Hill Mine
After months of delays, Australian Bauxite says that market conditions are finally returning to a level that will make it possible to reopen operations at its Bald Hill mine. The firm has been attempting to sell the 120,000 metric tons of bauxite they extracted from their mine in Campbell Town,...
CME Group announces first trades of new Aluminium European premium duty-paid futures
CME Group, the world's leading and most diverse derivatives marketplace, today announced that the first Aluminium European Premium Duty-Paid (Metal Bulletin) futures contracts were traded on Thursday, March 24, 2016. A total of 96 futures contracts were traded, equalling 2,400 metric tons. "We are...
Aluminium demand in North America down by 5.3% in Jan 2016
According to the preliminary estimates of Aluminum Association, aluminium demand in the United States and Canada (shipments by domestic producers plus imports) totalled an estimated 2,037 million pounds in January 2016, down 5.3 per cent from a year ago. Demand for semi-fabricated (mill) products...
Global aluminium blister packaging market to grow at 6.80% over 2015-19
According to a recently published market research report, the global aluminium blister packaging market is all set to grow at a CAGR of 6.80 per cent over the period 2015-2019. A blister pack is made up of aluminium foil (or plastic) with a cavity or pocket made from thermoformed plastic. It helps...
Aluminium rebounds as China premier offers reassurance on economy
Aluminium rebounded from the lowest level in two months as China’s Premier Li Keqiang said that the world’s second-largest economy saw positive signs of change this year, bolstering the outlook for demand. The lightweight metal rose as much as 0.4 per cent to $1,486 a metric ton on the London Metal...
Global aluminium extrusion market to exceed 22 mln mt by 2019
According to a latest market research study, the global aluminium extrusion market is expected to exceed 22 million metric tonnes by 2019, growing at a CAGR of almost 7 per cent during the forecast period. According to Chandrakumar Badala Jaganathan, a noted analyst for metals and minerals...
China’s Hongqiao tops aluminium production industry worldwide
China’s Hongqiao Group remains on top of the aluminium production industry following a risky-but-logical declaration last week regarding an increase of the company’s production capacity. On March 14, Hongqiao chief executive Zhang Bo announced their plan to increase production capacity of aluminium...
Aluminium futures firm up on global trend
Aluminium futures traded higher at INR100.20 per kg, largely in tandem with a firming trend in base metals at the London Metal Exchange (LME). Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery this month rose 15 paise...
About 48% of Chinese aluminium smelters bullish over prices this week
About 48 per cent of the 42 Chinese aluminium smelters surveyed by SMM expect aluminium prices to rise this week. Those optimists see SHFE 1605 aluminium rising above RMB 11,500/mt and LME aluminium advancing above the 40-day moving average to USD 1,535-1,560/mt, citing positive factors. First,...
Fresh selling seen in aluminium, open interest up by 13.62%
Aluminium on MCX settled down -0.68 per cent at 101.55 tracking weakness in LME three-month aluminium fell 0.3 per cent to $1,515 in cautious trade ahead of the outcome of a Federal Reserve policy meeting, which is expected to leave interest rates on hold but signal how quickly the bank may tighten...
Aluminium aerosol can market in UK witnessing unprecedented growth in 2015
The manufacturers and suppliers of aluminium aerosol cans who are operating in the UK have been witnessing an unparalleled growth in 2015. The year till now has practically pushed some aluminium aerosol can suppliers to their capacity limit, revealed a recently published market research report on...
High Purity Alumina market will be worth $5.09 bln by 2020
According to a recently published market research report, the global high purity alumina (HPA) market is projected to reach USD 5.09 Billion by 2020, at a CAGR of 20.1 per cent from 2015 to 2020. The increasing applicability of high purity alumina among varied end-user applications, such as LEDs,...
US urged to probe dramatic increase in imports of Chinese aluminium
The domestic aluminium industry in the US has demanded investigation into subsidies granted by Chinese administration to aluminium producers. This comes on the back of surge in imports of finished and semi-finished aluminium from China into the US. The demand was raised by Chicago-based Century...
LME Aluminium to underperform SHFE Aluminium this week
SHFE aluminium will gather more steam on positive market fundamentals in China, while LME aluminium will face short selling pressure, SMM expects. Capacity restarts and new capacity release are still limited in domestic aluminium market. Consumption is still in recovery. As such, aluminium stocks...
