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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Aluminum withdrawal orders on LME surge in longest run in a year
Orders to remove aluminum from warehouses tracked by the biggest metals exchange rose for a third day, the longest stretch in more than a year, prompting traders to close out bearish bets on prices that are near a six-year low. Canceled warrants, as the bookings are known, surged 21 percent in the...
China alumina imports down 6.80% MoM in September
China imported 372,000 million tonnes (mt) of alumina in September, down 6.80% MoM, but up 9.79% YoY, customs data showed. Despite falling import prices, import volumes did not grow significantly, due to rising port stocks and weaker demand from aluminum smelters. China imported 3.14 million mt of...
U.S. aluminum companies join hands against China's anti-competitive trade practices
Aluminum companies across the United States have come forward to form a new coalition aimed at fighting trade practices by China they think will cause potential damage to the U.S. aluminum indusrty in as little as eight to nine months. The coalition holds China responsible for heavily subsidizing...
Global industrial casting market to chart 7.88% CAGR growth over 2015-2019
A recently conducted research reveals the global industrial casting market is slated for growth at 7.88% CAGR over 2015-2019 period. Increased simulation-based castings and development of trends involving conducive government regulations have been identified as the major growth drivers in the...
Alcoa to curtail refining and smelting capacity to drive upstream competitiveness
Lightweight metals leader Alcoa announced that it is taking decisive action to curtail uncompetitive smelting and refining capacity to ensure continued competitiveness amid prevailing market conditions. The company will reduce aluminum smelting capacity by 503,000 metric tons and alumina refining...
China set to offload more aluminium onto global market
Amid accusations made by the US trade associations and other market bodies that China might be violating international trade regulations and fair competition norms, the world’s largest aluminium producing country is yet again set to unleash fresh loads of aluminium onto the global market. This...
Aluminium futures weaken on global cues
Aluminium prices were down 0.78 per cent to INR 95.30 per kg in futures trade today as investors reduced exposures amid weak global cues and sluggish demand in the domestic spot markets. At the Multi Commodity Exchange, aluminium for delivery in November eased by 75 paise, or 0.78 per cent, to INR...
Aluminium prices hit by mounting China demand concerns
Aluminium prices tumbled to six-year lows on Wednesday, October 28, as traders fretted about the likelihood of large surpluses this year and next and the lack of substantial output cuts to balance the market. Benchmark aluminium on the London Metal Exchange (LME) slumped to $US1460 a tonne in early...
MCX aluminium rise on global cues, spot demand
Taking positive cues from global market and strong demand at India spot markets, aluminium prices edged up 0.43 per cent to INR 94.25 per kg in futures trade today as participants increased their bets. Marketmen said apart from increased domestic demand, a firming global trend after an interest...
Aluminum hits a fresh six-year low
Aluminium hits a fresh six-year low as spot aluminium closed at $1,442 per metric ton in the London Metals Exchange (LME) on October 26. Prior to this, spot aluminium made a closing low of $1,496 per metric ton on August 24. Of all base metals, aluminium looks the weakest as of now in the commodity...
Aluminium down 0.26%, hurt by muted demand
Aluminium prices eased 0.26 per cent and were trading at INR 95.15 per kg in futures trade today as speculators reduced exposure, driven by sluggish demand from consuming industries at the spot market amid weak trend overseas. At the Multi Commodity Exchange, aluminium for delivery in October shed...
SHFE aluminum to lead declines in Shanghai market, SMM Says
Base metal prices on the SHFE are expected to continue their declines on October 27, with SHFE aluminum to lead price losses, Shanghai Metals Market foresees. “A considerable increase in short positions on the SHFE aluminum has sent its price to new record lows, and this will also weigh down other...
Half of world’s aluminium smelters not profitable, price could fall below $1 200/t
About half of the world’s aluminium smelters were not profitable, and continued price pressure would force more smelters offline in the face of a price that could fall as low as $1 200/t, a report by BofA Merrill Lynch Global Research has found. Aluminium prices had continued trading lower in...
Aluminium futures rise, fuelled by global cues
Aluminium prices were up 0.90 per cent to INR 95.35 per kg in futures trade today as participants strengthened their exposure, supported by an upward trend overseas. In addition, rising demand in the spot market influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in the...
Global Market for Aluminium Aerosol Cans Declines Slightly
Following years of continuous growth during which the production figures for the aerosol can industry raced from one record to the next, the market has now finally taken a pause for breath. AEROBAL, the International Organisation of Aluminium Aerosol Container Manufacturers, reported a small...
Aluminium hits seven-year low in China
Aluminium prices in China fell to a seven-year low on Thursday, adding to difficulties facing companies in the world’s largest producer. China supplies more than half of the world’s aluminium, but a slowing economy and global glut of the lightweight metal have weighed on prices. Aluminium on the...
Primary Aluminum market records deficit during Jan – Aug
The latest report published by the World Bureau of Metal Statistics (WBMS) indicates that global primary aluminum market has recorded a deficit during the initial eight months of the year. As per the report, the market reported a deficit of 257,000 tons when matched with the deficit of 654,000...
LME aluminium may hover around $1,532
LME aluminium may hover around a support at $1,532 per tonne, or rebound to a resistance at $1,548, as indicated by its wave pattern and a Fibonacci projection analysis. The support and the resistance are identified respectively as the 100 percent and the 86.4 percent Fibonacci projection levels of...
