The aluminum market has been in surplus for almost a decade, but Alcoa believes this year it will move into deficit.
IBC Advanced Alloys signed an MoU with Nu-Cast, giving the companies an opportunity for development and market expansion of their high performance casting solutions for the aerospace sector.
The aluminum market was hit with oversupply in 2013, which looks like it could have an impact on the market in the year to come.
Exports of Japanese aluminum scrap are approaching record levels this year, fueled by a weaker yen and higher recycling capacity in Korea.
A Swiss tribunal has found that Rusal, the Russian aluminum giant, is owed $275 million from Tajik Aluminum Company, Tajikstan's largest enterprise.
Aluminum is one of the most commonly used elements in the world. Here's a look at two of its applications.
The outlook for aluminum is more positive than the steep drip in price since April may suggest. The world’s largest producers of the metal are confident that 2012 will see robust demand growth, and some have even invested millions in upgrading production capacity. Automotive production will be the main catalyst for growth.
The end of the summer slowdown may be near. The price of aluminum has made some moderate gains since falling from the year high in early May. Forecasts for the growing demand for aluminum are strongest in the aerospace and transportation sectors. Furthermore, China may become a net importer of the metal in the coming years.
Analysts are in agreement at Harbor Intelligence’s Annual Aluminum Outlook Conference predicting stable to higher prices on the year. Also, Coca-Cola accuses Goldman Sachs of manipulating aluminum prices.
After aluminum’s recent slump, many smelters are unprofitable- a reality that may lead to forced shutdowns.