Aluminum can makers in Japan expect a fast moving shipment in the coming weeks due to high consumption of beer and softdrinks on the soccer World Cup. Japan’s top aluminum can maker, Daiwa Can Company is quoted saying: “We expect can shipments to get a boost from the event as the more people go travelling, [...]
Novelis’ subsidiary Novelis do Brasil has signed an agreement with Rexam PLC (OTC: REXMY), worlds largest manufacturer of aluminum beverage cans. Alexandre Almeida, Senior Vice President of Novelis Inc. and President, Novelis South America is quoted saying: “This agreement demonstrates Novelis’ potential to serve the demand for aluminum sheet from the Brazilian can market and [...]
The Islamic Republic of Iran’s aluminum produce has increased to 8 percent in the first month of the new Iranian year (started March 20, 2010). This is compared to March 20 of 2009. The news added the information: Iran has produced 25,732 tons aluminum during the last Iranian month (March 20-April 20, 2010) showing 8 [...]
Century Aluminum Company declared a third consecutive quarterly loss recently as the company slashed production to combat weak demand for aluminum amid a more than 65% dip in sales. 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.
Analysts declared that the 2009 ISRI Convention & Exposition in Las Vegas that in the light of low demand, the aluminum industry needs to see further output cuts and the surplus start to shrink. For full story, click here
Aluminum prices are reported to be under tremendous pressure in coming months on the back of large-scale production restarts. For full story, click here
The Managing Director of Iran’s South Aluminum Corporation, Mohammad Mehdi Mostaghimi declared that Iran and China are working to implement Iran’s biggest aluminum industrial project. For full story, click here
Brazilian aluminum production will dip by 5.6% YoY in 2009 from the 1 million tonnes produced in 2008. He added that in the first 2 months of 2009, production slipped by 4.5% YoY. For full story, click here
In the past few weeks, the global marketplace has been met with some much welcomed positive news. However, on the back of a massive slide in commodities prices, aluminum companies are still struggling with record low prices and seemingly nonexistent demand.
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