Brazilian Aluminum Output slipped 7.7% to 129,100 tons
Brazilian aluminum output slipped in May as international demand faltered, the Brazilian Aluminum Association, or ABAL. For full story, click here
Articles Tagged "demand"
Japan Aluminum premium has gained for first time in year
Japan Aluminum producers will increase the fee they charge Japanese buyers next quarter for the first time in a year on surging demand and reduced supply, as the world’s second-largest economy shows signs of recovery from recession. Kunio Ishikawa, director at the Japan Aluminum Assosciation, stated: The worst is over for our industry. For full [...]
Aluminum heads for Biggest Weekly Gain in 21 years in London
Aluminum surged in London, heading for the biggest weekly gain in 21 years, as inventory figures signaled a possible strengthening in demand. For full story, click here
Alcoa CEO declared aluminum inventories at low level
Aluminum distributors’ inventories have slipped so low that any significant uptick in demand would likely trigger a surge in aluminum output. Klaus Kleinfield, CEO of Alcoa Inc., stated: Most distributors have thrown out the window their normal safety inventory requirements. For full story, click here
Norsk Hydro may cut aluminum production as quarter fades
Norsk Hydro ASA, Europe’s third- leading aluminum producer, declared the industry will probably deepen cutbacks as demand for some products hasn’t improved in what is typically the best quarter of the year. For full story, click here
Expect Global Aluminum demand to dip 7% in 2009
Alumina Ltd. has painted an ongoing bearish demand picture for the aluminum market by declaring at the company’s annual general meeting that he expected demand to contract another 7% this year. For full story, click here
More aluminum output cuts amid low demand
Analysts declared that the 2009 ISRI Convention & Exposition in Las Vegas that in the light of low demand, the aluminum industry needs to see further output cuts and the surplus start to shrink. For full story, click here
Aluminum Producers are trying hard to keep prices low
As LME aluminum prices have surged by 18% since early March, a timely announcement by Hydro Aluminium of Norway came out this week to quell any fears among aluminum consumers that capacity cutbacks would eventually bring the market into supply/demand balance and push up prices to levels seen last year. For full story, click here
Rio Tinto announced cut in jobs due to low aluminum demand
Rio Tinto Ltd. declared that it would cut more than 700 jobs at Australian mines due to a drop in aluminum demand and prices. For full story, click here
National Aluminum to boost output as demand revives
National Aluminium Co., India’s second-biggest producer, reported that it plans to boost metal production by about a fifth this fiscal year as it increases its smelter capacity to prepare for a revival in demand. For full story, click here
