Abu Dhabi Government’s industrial investment arm, General Holding Corporation (GHC) is using US$1 billion (Dh3.67bn) aluminium mill to employ 3,000 jobs. Aluminium has reached an average of $2,196 a tonne return this 2010 even after the global financial crisis. “The philosophy of GHC is to create industrial projects to attract global players to Abu Dhabi, [...]
The shine in key commodity metal markets is rubbing off on aluminum, a casualty of the international recession and the manufacturing slowdown since early 2008 but a vital contributor to Quebec’s economy. For full story, click here
Alcoa Inc has unofficially opened the earnings season by posting a loss of USD 454 million, citing continued weak prices and demand for its aluminum products amid the global recession. For full story, click here
Alcoa Inc. unofficially opened the earnings season by posting a loss of US$454 million, citing continued weak prices and demand for its aluminum products amid the global recession. For full story, click here
Aluminum producer Alcoa, Inc. declared its third consecutive quarterly loss, as demand and prices for aluminum continued to be impacted by the global slump. For full story, click here
An updated analysis of the aluminum market by Alcoa shows the rising global surplus this year is expected to hit 1.2 million metric tons, up from 1.056 million in a prior forecast, driven by increased supply from Western nations. For full story, click here
Brazilian aluminum output slipped in May as international demand faltered, the Brazilian Aluminum Association, or ABAL. For full story, click here
Global aluminum demand will slip 12 percent this year to 33.5 million tons because of a slump in housing starts and car purchases. For full story, click here
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
With global spot aluminum ingot prices dipped around 60¢ this week, a new forecast from veteran aluminum analyst Lloyd O’Carroll slices the expected 2009 price average for aluminum ingot to 11¢/lb under the consensus forecast. For full story, click here
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