Aluminium prices dipped $13 to $1,340 per tonne
Saddled with a huge inventory of 29.24 lakh tonnes on the LME by the end of the current weak, aluminium prices dipped $13 to $1,340 per tonne. For full story, click here
Articles Tagged "prices"
Aluminum prices declined
Aluminum prices dipped to $1,452 a tonne from $1,468. For full story, click here
Aluminum gained 5 percent
Most of the Base metals witnessed slight bounce back from last week’s lows with wide directional divergence seen as individual metals reacted differently to short-term influences. Aluminum gained 5 percent as the news of immediate financial aid to the US auto industry helped. For full story, click here
China tackles aluminum market
The price of aluminum has slumped some 50 percent since peaking at $3,380 per tonne last July as the global economic downturn has hit demand for the metal. To kick off 2009, the aluminum market received some positive news as the metal climbed to a three-week high in Shanghai trading.
Shanghai Aluminium prices recorded to be down
Shanghai aluminium fell by 4 percent limit 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
Aluminium stocks fell 1 percent
Base metals continued feebling, as industrial production data from Japan highlighted bleak prospects for demand in an oversupplied market. Aluminium stocks fell 1 percent. For full story, click here
Aluminium reaches 3-year low before turning higher
Aluminium touched a 3-year low, before tracking equities higher, while a poor demand outlook for metals continued to dampen sentiment. For full story, click here
Aluminum’s low price forces smelters to operate at a loss
At aluminum’s current price around 90% of the world’s smelting capacity is operating at a loss, and this is forcing producers to revise production programs to cope with aluminum’s current price point.
Olympic Preparations in China Cause Aluminum Demand To Rise
The preparations for the 2008 Summer Olympics in Beijing, China, have impacted commodity spot prices worldwide: aluminum consumption in China is at near-record heights, and continues to surge.
China’s smelters Cut on Costs and Prices
China’s Nonferrous Metals Industry Association said: China’s top 20 aluminum smelters, the largest in the world, have cut production by more than 350,000 metric tons on an annual basis as part of a July agreement to reduce energy consumption and boost prices. For full story, click here
