US industrial policy needs to be systematic, not just ad hoc – Part 2
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 2 Impact #5 of ad hoc industrial policy: Failing to use all required tools Industrial policy is often caricatured as just tariffs and subsidies. Mis-framed debates that evaluate the merits of tariffs in...
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...
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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...
India Ratings and Research revises outlook for aluminium to negative in FY17
Weak demand, import pressure and declining prices are impacting the non-ferrous metals market, India Ratings and Research (Ind-Ra) said adding the outlook for such metals is negative for the next fiscal. Ind-Ra has revised the outlook on the non-ferrous metals sector to negative for 2016-17, from...
Aluminium market rises on short covering, open interest drops 11.1%
Aluminium on MCX settled up 0.75 per cent at 107.4 driven by expectations for demand recovery in Chinese aluminum market. The first half of the year will not see massive restarts of idled aluminum capacity and commissioning of new aluminum capacity in China. At its annual policy meeting over the...
MCX aluminium outlook: Aluminium futures contract rises to INR 111.3 in Feb
Aluminium price has recovered strongly from its six-year low. The aluminium spot price on the London Metal Exchange (LME) fell to a six-year low of $1,423 per tonne in November 2015. The metal price has surged about 13 per cent from this low to the current levels of $1,604 per tonne. The strong...
Hindalco jumps 15.44% in three sessions
Hindalco Industries jumped 5.95% to INR 79.25 at 15:15 IST on BSE, with the stock extending recent gains after the finance minister in Union Budget 2016-17 hiked customs duty on primary aluminium and other aluminium products to check rising imports. Meanwhile, the BSE Sensex was up 335.16 points,...
Aluminium market under long liquidation, open interest drops 17.62%
Aluminium prices pared its gains to settle in negative zone due to oversupply and a massive inventory overhang. Aluminium price has risen over the past month, supported by a tightening of the ex-China balance, higher oil prices, and a weaker dollar. Chinese output and semi-fabricated export growth...
German aluminium packaging market: Over 2 bn beverage can deliveries in 2015
In a recently published EUWID quarterly report on the German aluminium market, it has been observed that the the omens for suppliers of aluminium packaging are positive all round at the beginning of 2016. EUWID respondents were predicting volume growth in all segments which might vary depending on...
EGA delivers strong results despite difficult global market conditions
Emirates Global Aluminium ("EGA"), jointly owned by Mubadala Development Company ("Mubadala") and the Investment Corporation of Dubai ("ICD"), has concluded its second year of operations. EGA's results were announced at its 2015 Annual General Meeting, held on Thursday 25 February 2016. On this...
Aluminium demand recorded 1% rise in the US, Canada in 2015
The preliminary statistics released by the Aluminium Association indicates marginal rise in aluminium demand in the US, Canada during 2015. The producer inventories in Dec ’15 were up slightly when matched with the previous month. Also, aluminium scrap purchases by the industry during Dec ’15...
South32 says to maintain lower aluminium output in S. Africa
Australian miner South32 said it plans to run its South African aluminium division at current reduced rates until at least mid-2016, as it wrestles with a sector-wide downturn. In September, South32 suspended the operation of 22 smelting pots, or electrolytic cells, equivalent to 3 percent of the...
India major aluminium scrap and futures prices soar on improved market sentiment
India major aluminium scrap commodities prices soared on Monday, while aluminium futures prices at Multi Commodity Exchange advanced by 1.2 per cent mainly on improved market sentiment due to anticipation for a turnaround in aluminium consumption after the week-long holiday. The major aluminium...
Aluminium futures rise on global cues, spot demand
Taking positive cues from global market and strong demand at domestic spot markets, aluminium prices edged up 0.52 per cent to INR 105.80 per kg in futures trade today as participants enlarged positions. Marketmen said increased domestic demand and a firming global trend where base metals gained...
As finances erode, Century Aluminum sets tight time frame for Mount Holly smelter
Century Aluminum still hopes state lawmakers will find a way to cut electricity costs at its Mount Holly smelter, but a shutdown by the end of May is looming. “We are working intently to produce a power-supply arrangement that makes this world-class plant competitive for the long term,” Mike Bless,...
LME aluminum poised for more gains next week
LME aluminum is on track for gains next week on improved market sentiment, SMM says. LME aluminum should rise to $1,520-1,560 per tonne. SHFE aluminum will advance to 11,100-11,400 per tonne, due to anticipation for a turnaround in aluminum consumption after the week-long holiday. Besides, aluminum...
Global primary aluminium market ends in deficit in 2015
The latest report published by the World Bureau of Metal Statistics (WBMS) indicates that global primary aluminium market has recorded a deficit during the year 2015. As per the report, the market reported a deficit of 356,000 tons when matched with the deficit of 589,000 reported during entire...
Norsk Hydro cuts 2016 global aluminium demand forecast
Norsk Hydro, one of the world's largest aluminium producers, cut its 2016 forecast for aluminium global demand, including China, to 3-4 per cent from 4-5 per cent previously, as it reported quarterly earnings that beat forecasts on Wednesday. Prices of aluminium - used in the aerospace,...
Aluminium market rises on short covering, open interest drops 6.57%
Aluminium settled up 0.54 per cent at 103.15 as support seen from ShFE aluminium which climbed 1.5 percent rallied on Tuesday on hopes that China would unleash fresh easing measures to kickstart its economy after January trade was dragged down by faltering growth in global markets. Support also...
Aluminium futures at MCX up 0.78% on rising demand, global cues
Aluminium remained firm and prices gained 0.78 per cent to INR 103.40 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on surging demand. At the Multi Commodity Exchange, aluminium for delivery in February month traded higher by 80 paise...
