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"
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"
Wednesday, July 20, 2011
Bloomberg reports aluminum inventories monitored by the London Metal Exchange rose on increases in Detroit.
Continue reading "Aluminum Stockpiles Rise the Most in Two Months on Detroit Gain"
Monday, November 29, 2010
Bloomberg.com reports that Aluminum was up today on the LME.
Continue reading "Copper, Zinc Advance in London on Ireland Bailout: LME Preview"
Tuesday, July 14, 2009
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"
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Wednesday, September 21, 2011