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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Aluminium price rise though surprising has little long-term significance
The London Metal Exchange (LME) aluminium price has risen from the low $1,400s per metric ton in October to the mid $1,550s last week. At the same time, the Japanese have started settling first quarter 2016 physical delivery premiums at $110 per mt, 22% higher than the previous quarter, the first...
Aluminium futures slide on weak demand; global cues
Aluminium futures eased by 0.20 per cent to INR 99.95 per kg on the first session of the 2016 today as speculators reduced positions amid weak demand at spot market and weakness in base metals overseas. At the Multi Commodity Exchange, aluminium for delivery in January traded lower by 20 paise, or...
Aluminium market rises on short covering, open interest drops 10.43%
Aluminium settled up 0.15% at 100.70 as other metals rallied also support seen after the update that China's aluminium smelters have pledged to shut more production this month and not to add any new capacity in 2016, but market participants say this would do little to dent global overcapacity that...
Aluminium futures weaken on global cues
Aluminium prices fell 0.55 per cent to INR 100 per kg in futures trade today after traders reduced their exposure amid weak global cues. Besides, sluggish demand in the domestic spot market weighed. At Multi Commodity Exchange, aluminium for delivery this month eased 55 paise, or 0.55 per cent, to...
China primary aluminium imports down 23,200 mt MoM in November
According to China Customs, China imported 11,700 mt of primary aluminium in November, down 23,200 mt MoM. The SHFE/LME aluminium price ratio fell back in November. Chinese processors received fewer orders under tolling trade as Christmas holiday was nearing. Yuan’s depreciation weakened Chinese...
China aluminium semis exports likely to lose ground in November
China's aluminium semis exports soared 40.2% month-on-month in November, but the growth is likely to slowdown in the short term. The significant increase was mainly driven by aluminium extrusion, whose exports rose 131,600 tonnes to 201,900 tonnes, Chinese customs data showed. Lower SHFE/LME...
Shanghai aluminium falls 2%; market awaits output cuts
Shanghai aluminium slid more than two percent on Monday, with the market suffering possibly its biggest one-day decline in more than six weeks as a lack of further production cuts in China pressured prices. The most active aluminium contract on Shanghai Futures Exchange fell 2.3 percent to 10,650...
EGA said to pay more for loan as liquidity tightens
Emirates Global Aluminium PJSC, a joint venture between Abu Dhabi and Dubai, is said to be paying almost 40 percent more for a loan compared with last year as liquidity in the Gulf tightens after the plunge in oil prices. The state-controlled company will pay 200 basis points, or 2 percentage...
Aluminium prices to shine among base metals this week
Aluminium prices, both on the SHFE and LME, will continue gathering strength this week, as market will continue digesting positive news from China. Aluminium stocks in China’s major trading markets have been falling for six weeks in a row and destocking accelerated with expanding production cuts....
Aluminium up by 0.6% on international cues
Taking positive cues from global market and strong demand at domestic spot markets, edged higher by 0.60% to Rs 100.30 per kg in futures trade today as participants increased their bets. Marketmen said apart from increased domestic demand, a firming global trend as the US economy expanded faster...
MCX aluminium up by 0.6% on global cues
Taking positive cues from global market and strong demand at domestic spot markets, aluminium prices edged higher by 0.60% to INR 100.30 per kg in futures trade today as participants increased their bets. Marketmen said apart from increased domestic demand, a firming global trend as the US economy...
Aluminium hits 3-week peak on China demand speculation
Aluminium touched the highest in over three weeks on Wednesday on greater optimism about demand in top metals consumer China and as investors tidied up portfolios towards the year end. Some European investors may have also been following the lead of counterparts in Asia after some big Chinese...
EU imposes anti-dumping duties on Russian aluminium foil
The European Union imposed anti-dumping duties on imports of Russian aluminium foil on Friday after its investigation showed the product was sold across the bloc at below market prices, the EU's Official Journal said. A definitive anti-dumping duty of 12.2 percent will be levied on aluminium foil...
Import duty hike for Indian aluminium sector unlikely this year
The possibility of increase in import duty on aluminium by 2.5 per cent this year is "very bleak" despite the Mines Ministry pushing the case. "Although Mines Ministry has written to Finance Ministry to raise import duty by 2.5 per cent, the chances of this happening in 2015 are very bleak," a...
"There will be an aluminium deficit in 2017," Norsk Hydro CEO Brandtzaeg
World aluminium major Norsk Hydro estimates that in 2016 without China, the world will have a 1.5 million to 2 million metric ton aluminum deficit, compared with a surplus of as much 1 million when including the world’s second-biggest economy. The plunge in price of primary aluminium has caused...
Primary aluminium market records deficit during Jan - Oct 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 initial ten months of the year. As per the report, the market reported a deficit of 279,000 tons when matched with the deficit of 589,000...
Aluminium falls by 0.6% on global cues
Aluminium prices fell by 0.59% to INR 100.50 per kg in futures trading today, tracking a weak trend in global markets. Furthermore, muted demand in the domestic spot markets weighed on the metal prices. At the Multi Commodity Exchange, Mumbai, aluminium for delivery in January month eased by 60...
Base metals decouple in china, with aluminium dominating the market
The value of the US dollar has been dropping since February 2015. In October-November period it hit the lowest against the Euro before making a turnaround last week. Indices that compare the dollar against a basket of major currencies have reflected the same trend. Metal prices typically follow an...
