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.
Continue reading "Aluminum Accelerated by Automotive Production"
Friday, September 2, 2011
Bloomberg reported that Shanghai plans to lower trading costs by increasing storage for copper and aluminum.
Wednesday, July 27, 2011
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.
Continue reading "Aluminum Price Rising"
Monday, July 4, 2011
Reuters Africa reports that Aluminum Corp of China (NYSE:ACH) said its discussions over possible development of bauxite resources in Australia had ended .
Continue reading "Chalco Says Discussions on Australia Project Terminated"
Wednesday, June 22, 2011
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.
Continue reading "Analysts Predict Higher Prices for Aluminum"
Tuesday, October 19, 2010
The Straits Times reports that Chinese-based XinRen Aluminum Holdings , in response to the growing need for aluminum in China, plans to issue an IPO on Wednesday. The story is quoted as saying: XinRen is offering 186 million new shares via placement to large institutional investors, while another 12 million will be available for smaller retail [...]
Continue reading "XinRen Aluminum Holdings to issue IPO"
Friday, October 15, 2010
Chinese firms from nine key industries, including steel and cement manufacturers, will need to consult the National Development and Reform Commission should they plan to seek more financing, local media said on Friday. Citing unnamed sources familiar with the plan, the nine industries to be affected by the new regulation include steel, cement, coal processing, [...]
Continue reading "China to limit new financing on aluminum and others"
Tuesday, May 11, 2010
This 2010, 2 to 3 million tonnes of aluminum smelting will be added in China according to deputy head of the China Nonferrous Metals Industry Association, Wen Xianjun. The press release is quoted as saying: Investment in aluminum smelters in China, the world’s largest producer, hasn’t slowed in the face of growing overcapacity and a [...]
Continue reading "China To Add Aluminum Smelting in 2010"
Monday, May 3, 2010
Aluminum is defying logic when it comes to basic economics. Spot aluminum premiums have climbed to their highest price in nearly five years, in the face of mounting warehouse stockpiles.
Continue reading "Aluminum Price Rises Despite Record Stockpiles"
Tuesday, August 11, 2009
Aluminum Corporation of China closed yesterday at $31.69. So far the stock has hit a 52-week low of $7.22 and 52-week high of $32.79. Aluminum Corporation of China stock has been showing support around 30.99 and resistance in the 32.71 range. For full story, click here
Continue reading "Aluminum Corp. of China closed at $31.69"
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Wednesday, September 21, 2011