Japan’s shipments of aluminum rolled products declined by the most in 28 years as carmakers and electronics equipment producers slashed purchases. For full story, click here
Read the full article: "Japan Jan. Aluminum Shipments declined Most..."
Friday, February 27, 2009
Investors in Asia Aluminum Holdings’ 8 percent bonds agreed to reject the company’s offer to buy back the notes at about a quarter of face value. For full story, click here
Read the full article: "Bondholders of Asia Aluminum to Reject..."
Thursday, February 26, 2009
Aluminium for delivery in three months on the London Metal Exchange fell to a low of $1,279 a tonne – the lowest level since November, 2001. Record high stocks were responsible for the overwhelming downward pressure. Aluminium LME warehouse inventories leapt by 13,125 tonnes to stand at 3.17 million tonnes, their highest ever.
Read the full article: "Record high LME stocks overwhelm stimulus’..."
Thursday, February 26, 2009
Total world aluminum inventories in January 2009 increased by 27,000 metric tons to 2.986 million tons, from 2.959 million tons in December, according to figures released Thursday by the International Aluminum Institute. For more information, click here
Read the full article: "Jan ’09 World Aluminum Stocks rose by..."
Thursday, February 26, 2009
The government of India is expected to levy upto 35% import tariff protection for some aluminum products in order to protect the local aluminum industry. For more information, click here
Read the full article: "India may levy 35% import tax on aluminum..."
Tuesday, February 24, 2009
Aluminum futures bounced from a seven-year low due to sharp rebound in U.S. equities Tuesday, but grim U.S. economic data kept sentiment sour. For more information, click here
Read the full article: "Aluminum comes back from seven year low"
Tuesday, February 24, 2009
Vedanta Resources will keep its aluminum smelter in southern India closed as prices remain weak. For more information, click here
Read the full article: "Vedanta Unit Keeps Aluminum Smelter closed"
Monday, February 23, 2009
Aluminum prices declined to $1,285 (U.S.) a tonne as inventories hit a record high. For more information, click here
Read the full article: "Aluminum prices fell to $1,285 (U.S.) a tonne"
Monday, February 23, 2009
United Company RUSAL will support the initiative of several governments to stabilize the aluminum industry. Mr Oleg Deripaska, GD of RUSAL, said: In fact no one in the world can produce aluminum for USD 1,000, because the sum of basic material costs, including energy and transportation, exceeds USD 1,600. Some 90% of aluminum producers will [...]
Read the full article: "RUSAL to support global initiative"
Monday, February 23, 2009
India is announcing new import tariffs on Chinese aluminum which will go into effect within one or two weeks. For more information, click here
Read the full article: "India establishes tariffs on Chinese aluminum"
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Friday, February 27, 2009