Showing posts for 'AlCircle'
Aluminium prices have hit a six-month high in China following comments by Chinese Premier Li Keqiang that the country’s economy is showing signs of stabilizing. The metal, which is used in everything from soda cans to mobile phones, closed at 11,740 yuan ($1,804) per metric ton and ended a seven-month losing streak. Aluminium futures, meanwhile, [...]
The year 2016 is on a roll and the global Aluminium industry has already woken up to a whole new bevy of challenges and opportunities. The market is abuzz with the news of price-premium volatility, demand-supply imbalances, consolidations and value chain integration, not to mention burgeoning end user sectors. To tide over these challenges and [...]
The Aluminium Stewardship Initiative (ASI) was launched in 2012 to foster greater sustainability and transparency throughout the aluminium industry. Supported by key industry players, ASI is working with a broad base of stakeholders to assess industry-specific sustainability challenges, opportunities and needs. The COP 21 meetings in Paris in December 2015 have resulted in an agreement to keep [...]
A lot has been said and written about the once mighty U.S. aluminium industry and how it has been hit badly by the recent spate of Chinese aluminium extrusions export. But it is not the only factor that has been driving the U.S. market down to economical non-viability; there is more to it. Here is [...]
Vedanta ltd is trying hard to tackle multiple operational setbacks caused majorly by low metal price, rising debts and raw material scarcity. Vedanta has cut costs by as much as 25% throughout this market turmoil. Mr. Agarwal confirmed that the company will “tighten” capital spending and “do whatever is necessary” by way of innovation to survive this condition profitably. Vedanta is aiming at improving their core skill and technical expertise. However, unless the raw material security is assured in a market situation where metal price is at rock bottom, input costs are high and cheap imports are flooding the market, indigenous aluminium industry cannot grow in India.
Global aluminium industry is visibly distressed. Aluminium prices on London Metal Exchange are yet to find a solid support – the fluctuating downward dip still continues; premiums have collapsed; supply is still in excess of the demand, and to the utter dismay of the biggest aluminium producers of the world, China is still not slowing [...]
World aluminium production is at around 55 million tons, expected to grow at around 6.7% CAGR up to 2020, mainly due to the expected growth in India ~ 11%, China ~ 10%, Middle East ~ 8%, Brazil ~ 7%, Africa ~ 5% and return of growth in US (~ 4%). World alumina production is around [...]
South32 has just completed its first month on the market in the midst of rock bottom commodity prices and share prices descending 17% lower than the week of its debut. BHP Billiton has simplified its portfolio by demerging a group of high quality assets to create this independent global metals and mining company. Shareholders approved the demerger [...]
Another month passed in the New Year and there is still a good amount of hullabaloo in the market about the aluminium premiums and price of the metal. LME Aluminum benchmark prices rose to $2,114 in 2014 Aug after hitting a four-year low and presently it is hovering between $1,700 and $ 1,800. However, premium [...]
We have come to the end of 2014 and like every year here is again a chance to look back and refresh our memory of the trending news of the year. From the industry point of view, the aluminium industry has experienced some interesting twists and turns and also faced a number of controversies. The [...]