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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Calcined bauxite demand to rise buoyed by proppants sector growth
Roskill's new release- a Non-Metallurgical Bauxite & Alumina report with forecasts to 2021, shows the ceramic proppants sector is poised to become the largest market for non-metallurgical bauxite by 2021, overtaking the refractories industry. Consumption of bauxite, the principal ore of aluminium,...
Aluminium down 0.1% on subdued demand
Aluminium prices eased by 0.10% to INR 100.90 per kg in futures trade today as participants trimmed positions, tracking a trend at spot market on sluggish demand. At the Multi Commodity Exchange, aluminium for delivery in far-month February eased by 10 paise, or 0.10% to INR 100.90 per kg in...
China to export more semi-fabricated aluminium in near-term
China's exports of semi-fabricated aluminium products will rise in the near-term as delivery premiums have stabilized and increased in consuming markets, Macquarie Bank head of commodities research Colin Hamilton said on Thursday. "China is going to be exporting deflationary pressures to the global...
Aluminium stockpiling fund gives glimpse of China metals reforms
China's plans to set up funds to manage coal and ferrous metal capacity closures and stockpiling schemes offer nervous markets some clarity on the likely future make-up of the country's sprawling and predominantly state-run metals and mining industries. As the world's largest producer of aluminium,...
Aluminum Association updates on North America’s downstream market
According to an Aluminum Association report shipments of all major aluminium products declined in the month of December. Shipments of can stock by domestic producers totaled 345.5 million pounds during December 2015, off 1.1 percent from the December 2014 total of 349.4 million pounds. Compared to...
Global high purity alumina market poised to grow at 6.9% over 2016-2021
According to a recently published market research report, the global high purity alumina (HPA) market was valued at US$ 1.2 billion (bn) in 2014 and is projected to grow at a compound annual growth rate (CAGR) of 6.9% during the forecast period to reach US$ 3.6 bn by the end of 2021. HPA is a...
Global metal recycling market size to grow to reach USD 406 bn by 2020
The global metal recycling market size will grow from USD 277.12 billion in 2015 to reach USD 406.16 billion by 2020, at a projected CAGR (compound annual growth rate) of 7.95%, revealed data released in a recently published market research report. The metal recycling market is driven by strict...
Kaiser Aluminum Corp. shares upgraded to “Buy” by major brokerages
Shares of Kaiser Aluminum Corp. have been assigned a consensus rating of “Buy” from the six analysts that are covering the stock, Analyst Ratings Network.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12...
Aluminium market under long liquidation, open interest drops 2.28%
Aluminium settled down -0.61% at 97.75 logging small losses while LME aluminium, which has been the best LME performer this year, finished down 0.8 percent at $1,450 a tonne, the lowest since Dec. 1 last year. Prices may see support today as profits ahead of key trade data from China, but the...
Alumina shares peak on global production cuts
Alumina shares rose the most in almost seven years after Citigroup upgraded the stock, citing expectations that global production cuts can drive a recovery in prices. The Melbourne-based producer, partner of Alcoa in the world's largest alumina producer, rose as much as 13 per cent in Sydney, the...
Alcoa's downstream segments show productivity gains though offset by cost headwinds
Lightweight metals leader Alcoa reported fourth-quarter and full-year 2015 results, ending the year on solid operational footing. Fourth quarter 2015 revenue was $5.2 billion, down 18 percent from $6.4 billion in fourth quarter 2014. Organic growth in aerospace and acquisitions increased revenue 7...
AWAC returns to help Alumina pay final dividend
Melbourne’s Alumina is expected to continue to pay dividends despite the crash in prices for its namesake intermediate aluminium product. The impact of the crash in alumina prices hit home yesterday with the release of Alcoa’s fourth (December) quarter results in the US, with Alcoa the manager of...
Six Chinese firms to form JV for commercial aluminium stockpiling - Antaike
Six large Chinese aluminium producers in China are considering forming a joint venture company that will handle primary aluminium stockpiling, a report by state-backed research firm Antaike said on Tuesday. The six companies -- four state-owned firms and two private enterprises -- include Aluminium...
AWAC-Alcoa JV partner Alumina's margins hit by price rout
Australian company Alumina, the junior partner in the AWAC joint venture with Alcoa, said lower alumina and aluminium prices and unfavourable currency movements had negatively impacted margins during the final quarter of last year. The comments came as Alcoa, the first major US company to report...
CME Japan aluminium premium contract logs first trade
CME Group has logged the first trades in its Japan aluminium premium contract, data from the exchange showed on Monday, just days after the industry hammered out the first quarter premiums for Asia's biggest importer of the metal. The trades, coming in the wake of the quarterly industry...
Alcoa to curtail remaining capacity at Pt. Comfort alumina refinery
Lightweight metals leader Alcoa has announced it is taking further action to increase the competitiveness of its Upstream business amid prevailing market conditions. In 2015, the Midwest transaction aluminium price dropped approximately 30 percent, and the alumina price Index fell approximately 40...
Glencore increases Century Aluminum stake slightly
Glencore converted some of its preferred shares in mid-sized US aluminium producer Century Aluminum into common stock worth about $200 000 at the end of 2015, boosting its stake slightly, a filing showed on Tuesday. The Swiss trader and miner, which was already Century's largest shareholder,...
Reliance Steel & Aluminum Co. share price drops by 1.5%
Reliance Steel & Aluminum Co. has lost 1.5% during the past week and dropped 1.03% in the last 4 weeks. The shares have underperformed the S&P 500 by 0.68% during the past week but Reliance Steel & Aluminum Co. has outperformed the index in 4 weeks by 1.29%. Reliance Steel & Aluminum Co. is up...
