According to a member of the International Panel for Sustainable Resource Management set up by UNEP, Thomas Graedel, stated that if people will not start recycling, specialty metals like aluminum will soon be scarce. Aluminum is being used by the electronics industry Thomas Graedel, a professor of industrial ecology at Yale University is quoted saying: [...]
The Islamic Republic of Iran’s aluminum produce has increased to 8 percent in the first month of the new Iranian year (started March 20, 2010). This is compared to March 20 of 2009. The news added the information: Iran has produced 25,732 tons aluminum during the last Iranian month (March 20-April 20, 2010) showing 8 [...]
Shares of two aluminum manufacturers slipped Wednesday as an analyst downgraded Alcoa Inc., warning of weak industry fundamentals. For full story, click here
Aluminum stockpiles have risen consistently this year amid the downturn in the auto sector; however recent evidence that the economy is improving combined with confidence in Chinese purchases have lifted aluminum demand.
The U.S. and the EU have both launched World Trade Organization complaints against China on the grounds that Beijing unfairly helps domestic makers of steel and aluminum, by blocking overseas exports of raw materials.
PTI declared that India is contemplating 10% safeguard duty on imports of key aluminum products used in the automobile and machinery sector to protect the domestic industry against cheap shipments mainly from China, South Korea, Oman and Iran. For full story, click here
Vimetco, the Netherlands-based global aluminum producer, declared that it could take as long as 15 months before the world aluminum industry starts to benefit from the numerous stimulus packages designed to kick-start ailing economies. For full story, click here
The China Nonferrous Metals Industry Association declared that domestic aluminum prices in the coming months are expected to see corrections following an uptrend in the Q1 as rising numbers of Chinese aluminum smelting facilities are scrambling to resume production. Mr Wen Xianjun vice chairman with the CNMIA stated: With current aluminum prices between CNY 13,000 [...]
India’s state-run National Aluminium Co. is looking forward for a 10% import tax on primary aluminum to protect the domestic industry from low-cost imports. Chairman C.R. Pradhan, stated: We are still in discussions with the government. We are hopeful that the government would consider protecting our interest. 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.
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