The Metals Activity Report from the Metals Service Center Institute has shown that June shipments of aluminum from metals service centers in the United States and Canada continued to dip, but generally at a slower rate than in previous months. For full story, click here
The Metals Activity Report from the Metals Service Center Institute shows that June shipments of aluminum from metals service centers in the United States and Canada continued to dipped, but generally at a slower rate than in previous months. For full story, click here
Platts declared that aluminum demand in the US and Canada totaled an estimated 7.098 billion lb during the first 5 months of the year down 26.7% from a year ago. For full story, click here
Alcoa Inc. plans to reduce its Canadian payroll costs by 15 percent to conserve cash amid a drop in prices for the lightweight metal. For full story, click here
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.
Rio Tinto’s global spending cuts and layoffs likely mean delays for aluminium smelter projects in Canada. For full story, click here
National Aluminium Company Ltd has signed a strategic alliance agreement with Rio Tinto Alcan, a Canadian company and global supplier of bauxite, alumina and aluminum, for increasing its presence in India and abroad. For full story, click here
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