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.
Continue reading "A Rosier Outlook for Japan’s Economy"
Thursday, April 23, 2009
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
Continue reading "Aluminum Producers are trying hard to keep prices low"
Wednesday, March 25, 2009
Aluminum’s fundamentals remain dire, despite the upswing in Chinese Imports. Imports in the country are rising due to an arbitrage opportunity as Shanghai Futures Exchange aluminum is selling at a premium of $400-$500 per tonne on the London Metal Exchange.
Continue reading "Arbitrage opportunity increases China’s aluminum imports"
Thursday, March 12, 2009
Aluminum prices closed at its best since last Thursday as LME inventories witnessed their smallest daily increase by 900 tones. For full story, click here
Continue reading "Aluminum prices closed high"
Tuesday, February 3, 2009
Aluminum prices are near five-year lows as orders drop from automakers, builders and appliance manufacturers. The global recession, collapsing consumer and corporate confidence and plunging demand for industrial metals have combined to drop the aluminum prices on the LME to their lowest monthly rate since April 2003.
Continue reading "Market pessimistic on aluminum’s comeback potential"
Wednesday, January 21, 2009
Aluminum industry executives sent a warning to other market leaders that unless large aluminum producers make deeper output cuts, the entire industry will likely take many years to recover from the current slump. Just 10% of world aluminum output is slated to be taken offline, and unless this number is pushed higher by more output cuts long-lasting damage to the sector is possible.
Continue reading "More cuts needed to stabilize aluminum market"
Tuesday, December 30, 2008
London aluminium dropped to a five-year low on Tuesday as worries about slow demand overcame support from a soft dollar and plans to boost China’s economy. For full story, click here
Continue reading "LME Aluminium hits 5-yr low"
Thursday, December 18, 2008
Aluminum pared declines in LME after China, the world’s largest producer, decided not to lower export taxes that may have boosted supplies. Aluminium declined to $1,478 a tonne. For full story, click here
Continue reading "Aluminum pared declines in LME"
Thursday, December 18, 2008
LME aluminium rose $15 to $1,485 while Shanghai aluminium rose by 1.8 per cent to 10,585 yuan. For full story, click here
Continue reading "LME aluminium rose $15 to $1,485"
Monday, December 1, 2008
Aluminium currently at $1,820 per tonne on LME, have fallen just 22% since the first week of January ’08. For full story, click here
Continue reading "Aluminium has fallen more than 20% since beginning of the year"
For upcoming aluminum investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Tuesday, July 14, 2009