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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A slow commodity market drives Ess Dee Aluminium stocks down 1.69%
The stock of Ess Dee Aluminium Limited is trending downward. The stock decreased 1.69% or INR 4.75 on December 10, hitting INR 276. Ess Dee Aluminium Limited has risen 2.39% since May 13, 2015 and is uptrending. It has outperformed by 4.32% the S&P500. The move comes after 7 months negative chart...
Aluminium settled up 0.25% at 99.50, support 95.60
Aluminium was notable on account of a flurry of production announcements, not all of them bullish. Alcoa, for example, said that it would take out 500,000 tons at three of its four US smelters, although its Massena smelter was saved after NY State intervened with an aid package. However, South...
Chinese and global aluminium alloy cable market poised to grow over 2015-2020
Replacement rate of copper by aluminium in cable manufacturing sector is increasing steadily. Currently, aluminium-replace-copper rate in China stands at a low level, barely at 3 – 5%. In the United States, however, the aluminium alloy-replace-copper rate or almasilium-replace copper rate stands at...
China aluminium semis exports to rebound slightly in November
China will see a slight rebound in its aluminium semis exports in November after 6% decline in October, SMM expects. The average SHFE/LME aluminium price ratio slid further to 6.84 in November. Some export orders are due for fulfillment before Christmas holiday. Both will contribute to the growth...
Australian Bauxite's first exports delayed by Malaysian bauxite surge
Aspiring exporter Australian Bauxite Limited (ABX) has clarified the real reason its maiden shipment from its first mine in Tasmania has been delayed for so long. Delays in winning shipping permits had previously been explained as the reason first exports from Tasmania's Bell Bay port were behind...
SHFE aluminium to outperform LME aluminium this week
SHFE aluminium will outperform LME aluminium this week on positive news from China, SMM expects. Capacity cuts in Chinese aluminium market are intensifying, which will cheer market up. This will push SHFE aluminum up to 10,300-10,500 yuan per tonne, SMM predicts. A firmer US dollar amid high...
Aluminium gains on jitters ahead of U.S. jobs, OPEC
Aluminium along with other base metals rose on Friday, last week, as nervous investors bought back short ositions ahead of a U.S. jobs report and an OPEC meeting result. Prices of aluminium that have been plummeting since for last few months surged to week highs. Analysts expect that data later on...
Norsk Hydro to cut costs to cope with aluminium price slide
Norsk Hydro, one of the world's largest aluminium producers, launched new cost cuts on Thursday to combat a sharp decline in prices triggered by an oversupply of metal from China. By the end of 2019, the company aims to reduce its annual costs by 2.9 billion Norwegian crowns ($335.70 million), of...
IPPI declines in Canada while the U.S. aluminium demand and cosumption stay strong
According to the data released by the Bureau of Economic Analysis, the U.S. real gross domestic product increased at an annual rate of 2.1 percent in the third quarter of 2015, while in the second quarter, real GDP increased 3.9 percent. The demand for aluminium in the United States and Canada...
Ess Dee Aluminium rises as Macquarie Emerging Markets fund buys bulk shares
Shares of Ess Dee Aluminium, the manufacturer of aluminium foil for packaging purpose, rose 2.12% to INR 312.70 at 12:15 IST on BSE after Macquarie Emerging Markets Asian Trading Pte bought 1.73 lakh shares at INR 306 per share from Standard Chartered Bank (Mauritius) in a bulk deal on the NSE...
Aluminium market rises on short covering, open interest drops 17.09%
Aluminium settled up 1.96% at 98.90 as trader eyed for possible government support in China to help stem an industry downturn that has pushed prices to more than six-year lows. Meanwhile Manufacturing activity in China hit a three-year low in November, an official survey showed, supporting the case...
Aluminium up by 0.4% as spot demand hardens
Aluminium prices edged up by 0.36% to INR 97.35 per kg in futures trade today as participants enlarged positions amid a firming trend overseas. Besides, strong demand in spot markets influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in December inched up 35 paise, or...
Nalco trades higher on the bourses
National Aluminium Company (Nalco) is currently trading at INR 40.60, up by 0.80 points or 2.01% from its previous closing of INR 39.80 on the BSE. The scrip opened at INR 39.80 and has touched a high and low of INR 40.70 and INR 39.50 respectively. So far 171445 shares were traded on the counter....
Beijing mulls bailout for aluminium industry
China's state stockpiler is considering buying more than 1.0 million tonnes of aluminium from local smelters, sources said, an initial sign that Beijing could agree to the first major bailout in its embattled metals industry since 2009. News that the central government might scoop up a sizeable...
Demand outpaces supply of high-end aluminum rolling material products
With the recovery of global economy, aluminium alloy plate capacity gap in some countries continues to enlarge, gradually forming a very large scale of import demand. From the current market, China’s demand for high-end aluminum rolling material products has a very big market gap. The consumption...
MCX aluminium futures rise 1.97% on global cues
Aluminium prices on Mumbai's Multi Commodity Exchange (MCX) gained 1.97 per cent to INR 98.30 per kg in futures trade as speculators enlarged positions amid positive cues from global markets. Besides, increased demand at domestic spot markets influenced prices. At MCX, aluminium for delivery in...
Noranda considers over-the-counter market after NYSE suspends common stock trading
Noranda Aluminum Holding Corporation announced today that it has received notification that NYSE Regulation, Inc. has determined to commence proceedings to delist the Company's common stock from the New York Stock Exchange, and that upon completion of all applicable procedures, the NYSE will file...
World aluminium foil packaging market to chart steady growth during 2015-2025
The world aluminium foil packaging market is expected to continue showing stable growth over 2015-2025. China will account for approximately 45% of the global demand and developing countries are expected to account for a bigger market share over the next ten years as their economies develop...
