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
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.
Alcoa Russia’s Samara Plant today commissioned a new state-of-the-art coating line for production of high-quality coated sheet used in the packaging market for aluminum soft drink and beer cans as well as serving the building and construction markets. For full story, click here
The Indian Government has put a mandatory consent in regards to safeguard duty upto a 35% on the aluminum products extending it upto 2 years to safe the Indian industry from the cheap Chinese products which are being imported in the markets. For full story, click here
For aluminum, the record high inventories is one thing that the markets are cautious of. At 4.2 million tonne, aluminum inventory stand at record highs. For full story, click here
Despite the recent recovery in LME aluminum prices; demand for the stainless steel component remains in the dumps. Without any idea of when demand may stage a comeback, aluminum miners are bracing for more tough times.
Asia’s leading aluminum products maker had to trim down its IPO scale after the outbreak spooked equity markets. For full story, click here
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