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"
Tuesday, June 28, 2011
Bloomberg reports that aluminum producer United Co Rusal (HKG:0486) is in talks to develop mines in Guinea.
Continue reading "Rusal Holds Talks With Guinea to Develop Bauxite Deposit"
Friday, June 3, 2011
In an interview with CNBC, the deputy chief executive of Rusal expressed that Aluminum will average $2,700 per ton for the year.
Continue reading "World’s Biggest Aluminum Maker Sees Price at $2,700"
Tuesday, February 15, 2011
Bloomberg reports Alumina will be traded mostly in the cash market within three years not long- term contracts, adding to price gains for the material.
Continue reading "Alumina Trade to Shift to Spot Price in Three Years, Rusal Says"
Friday, December 17, 2010
Bloomberg.com reports that OAO Sberbank intends to commence placing Russian depositary receipts for shares in United Co. Rusal on Dec. 23.
Continue reading "Sberbank to Place Rusal Russian Depositary Receipts From Dec. 23"
Monday, November 15, 2010
Bloomberg.com reports that Asia's demand for aluminum will drive prices up in Q4, according to United Co. Rusal.
Friday, November 12, 2010
Reuters.com reports that Rusal has missed forecasts in its' latest reporting.
Continue reading "UC RUSAL Q2 profit down 55 pct, misses forecasts"
Tuesday, November 9, 2010
Bloomberg.com reports that Rusal, driven by higher aluminum prices, shot up to record highs in Hong Kong.
Continue reading "Rusal Climbs to Highest Since Debut"
Wednesday, September 1, 2010
On Tuesday, Russia's United Company RUSAL (HKG:0486), the world's top aluminium producer, reported that it returned to the black in the second quarter, thanks to higher output and better prices of the lightweight metal.
Continue reading "Russia’s RUSAL Q2 net returns to black"
Monday, May 3, 2010
Aluminum is defying logic when it comes to basic economics. Spot aluminum premiums have climbed to their highest price in nearly five years, in the face of mounting warehouse stockpiles.
Continue reading "Aluminum Price Rises Despite Record Stockpiles"
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Wednesday, September 21, 2011