Russian aluminum producer United Co. Rusal declared that it doesn’t need to deepen output cuts if aluminum prices stay above $1,400 a metric ton, but said prices aren’t expected to recover significantly until 2011. For full story, click here
Continue reading "Rusal declared further cuts in output are not allowed"
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, April 1, 2009
United Company Rusal reported that aluminum prices were bottoming out and that a very crucial recovery was expected in 2011. For full story, click here
Continue reading "Rusal forecasts aluminum upside in 2011"
Thursday, March 19, 2009
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
Continue reading "Aluminum ingot prices down this week"
Monday, March 16, 2009
Reliance Steel & Aluminum Co sees demand for steel and aluminum products remaining weak at least through the first half of 2009, with customers holding off their purchasing until they believe prices have touched bottom. For full story, click here
Continue reading "Reliance sees dip in demand for aluminum"
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, March 10, 2009
Aluminum producer’s cutbacks have done little to stabilize the metal’s free fall. In London, the price of aluminum fell to $1,321 per tonne from $1,345. In New York, it was selling for 59 cents per pound. Six months ago, the metal’s going rate was $1.50 per pound.
Continue reading "Aluminum producer’s squeezed"
Friday, March 6, 2009
India’s public sector aluminium major, National Aluminium Company Ltd, announced a heavy price cut in the aluminum prices considering the global financial slowdown. For full story, click here
Continue reading "NALCO reduces aluminum prices, stock surges"
Thursday, February 26, 2009
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.
Continue reading "Record high LME stocks overwhelm stimulus’ potential"
Monday, February 23, 2009
Aluminum prices declined to $1,285 (U.S.) a tonne as inventories hit a record high. For more information, click here
Continue reading "Aluminum prices fell to $1,285 (U.S.) a tonne"
AluminumInvestingNews.com maintains a focus on aluminum exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
The Aluminum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Get our exclusive independent commentary on aluminum trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Friday, May 15, 2009