Aluminum

Re: Aluminum

Postby behappyalways » Thu Sep 24, 2015 10:03 am

Cleaner, More Fuel Efficient Cars Will Be Made of Aluminum Alloy, Analyst Says
http://english.caixin.com/2015-09-23/100855674.html
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Re: Aluminum

Postby winston » Mon Oct 12, 2015 9:03 pm

Aluminium

The aluminium market is arguably facing the "greatest bearish fundamental shock in a generation, and perhaps, in its history" as demand growth in China this year has been very disappointing.

They remain "resolutely bearish" on the outlook for the market, even from all-in price levels which are nearing 2003/04 levels.

Source: GS
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Re: Aluminum

Postby winston » Wed Oct 14, 2015 7:12 am

Here’s a Quick “Double” on a 2-for-1 Metals Play

By Michael A. Robinson

Source: Strategic Investor

http://strategictechinvestor.com/2015/1 ... 0#deeplink
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Re: Aluminum

Postby winston » Sun Oct 18, 2015 7:42 am

Chinalco plans shutdown of biggest aluminium smelter

HONG KONG: Aluminum Corp of China (Chinalco), the country's top producer of the metal, plans to shut down its biggest smelter - accounting for about an eighth of its total capacity - due to low prices, an industry body said.

The shutdown reflects mounting pressure on even state-owned companies in the face of slower economic growth and a planned restructure of state-owned enterprises, although it is not expected to have much impact on a forecast domestic output surplus this year.

Chinalco vice-president Jiang Yinggang announced the shutdown of the Liancheng smelter in the northwestern province of Gansu last week during a visit with other company officials, according to a report on the website of industry body China Nonferrous Metals Industry Association.

Chinalco had no immediate comment when contacted by Reuters.

The smelter has an annual capacity of about 550,000 tonnes, analysts said, compared with Chinalco's total capacity of more than four million tonnes.

Liancheng was Chinalco's worst performing smelter and the company had been unable to turn it around, the report said, citing Jiang.

Liancheng had recorded losses of 1.99 billion yuan (US$313 million) since 2011 due to high production costs and weak aluminium prices, which had fallen up to 36% during the period.

Production costs at Liancheng averaged 13,860 yuan (US$2,180) a tonne in the first eight months of this year, Jiang said. This compared to an average in China of about 12,840 yuan and 11,330 yuan a tonne for the lowest cost producer, he said.

Jiang said that in the current market it would be difficult for aluminium prices to rebound to 13,000 yuan.

The report gave no details on the timing of the shutdown, but Xu Hongping, an analyst at China Merchants Futures, said it should be completed by end-November.

Chinalco could close more loss-making smelters if prices stayed weak in coming months as it looks to maintain profits, an executive at a smelter in Guizhou province told Reuters.

Its listed unit swung to a net profit in the first half of the year after posting a record loss in 2014.

Spot aluminium in China has hovered around six-year lows since the third quarter, trading at about 11,170 yuan per tonne on Friday, the lowest since late 2008.

The planned Liancheng shutdown could face opposition from the local government and its electricity supplier, Xu said.

Even if it went ahead as planned, it would be too late to have much impact on an expected surplus of about one million tonnes this year due to overcapacity, she added.

Source: Reuters
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Re: Aluminum

Postby winston » Fri Nov 13, 2015 9:16 pm

Major aluminum producer Alcoa plummets 50%-plus over the past year.
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Re: Aluminum

Postby winston » Thu Feb 04, 2016 6:18 pm

Alcoa: Should You Buy Aluminum Stocks?

By Tony Dreibus

Aluminum prices on the London Metals Exchange have fallen about 20 percent in the past year as global demand slows.


A global aluminum deficit of 1.2 million metric tons is expected in 2016, thanks to global cutbacks in production.

While supply is declining, demand may rise 6 percent this year to a record.


Source: US News

http://finance.yahoo.com/news/alcoa-buy ... 28941.html
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Re: Aluminum

Postby winston » Sat Apr 09, 2016 12:21 pm

3 Aluminum Stocks in Danger of Being Crushed

Looming fundamental challenges lie ahead. Is the rally in aluminum stocks fizzling out?

By Josh Enomoto

Source: Investor Place

http://investorplace.com/2016/04/alumin ... wiBaqR96M8
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Re: Aluminum

Postby winston » Sat Apr 09, 2016 12:21 pm

3 Aluminum Stocks in Danger of Being Crushed

Looming fundamental challenges lie ahead. Is the rally in aluminum stocks fizzling out?

By Josh Enomoto

Source: Investor Place

http://investorplace.com/2016/04/alumin ... wiBaqR96M8
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Re: Aluminum

Postby winston » Mon May 02, 2016 8:21 pm

Aluminum maker Alcoa climbs nearly 70% in three months.
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Re: Aluminum

Postby behappyalways » Tue Aug 09, 2016 12:04 pm

Aluminum Seen Falling Another 11% as China Boosts Supply: Chart
http://www.bloomberg.com/news/articles/ ... ply-growth
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