The LME primary aluminum cash price rose 0.8 percent to $1,994 per metric ton on May 17, 2012, after two days of falling, making it the day’s biggest mover on global aluminum markets. The LME primary aluminum 3-month price increased 0.7 percent to $2,034 per metric ton. The cash price of Indian primary aluminum, on the [...]
Most operations folks throughout the world have studied up on the famous teachings of Edward Deming (known as the Quality Guru), who has become synonymous with “The Toyota Way.” Despite a massive earthquake and subsequent tsunami that tempered Japanese GDP, both Toyota and Honda have maintained their No. 1 and No. 2 rankings just in [...]
Widespread expectations that rising power costs and a falling aluminum price would force smelter closures and hence support the price have so far proved ill-founded. Power costs have remained high, even though oil prices have come off a little, and smelters (particularly in China) were estimated to be below the cost curve as the primary [...]
With a decline of 0.5 percent on the LME to $1,982 per metric ton on May 15, 2012, the cash price of primary aluminum recorded the biggest shift of the day on global aluminum markets. The LME 3-month price of primary aluminum saw a 0.5 percent decline as well, to $2,021 per metric ton. The [...]
by MetalMiner IndX Reports on May 16, 2012
Style: Industry News
Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX
Keywords: Aluminum, aluminum prices, bar fuel surcharges, iron ore prices, scrap metal prices, Steel, steel prices
The week’s biggest mover on the Construction MMI® was the weekly US Gulf Coast bar fuel surcharge, which saw a 2.4 percent decline to $0.54 per short ton. Last week marked the fourth in a row of declining prices for the metal. Closing out the third week of declining prices, the weekly US Midwest bar [...]
by Stuart Burns on May 16, 2012
Style: Commentary
Category: Commodities, Investing Hedging, Metal Prices
Keywords: Aluminum, China, copper prices, European Union, Gold, Greece, Nickel, Zinc
Investors are a funny lot. The phrase “herd mentality” may have been created to describe the behavior of our four-footed friends, but it applies equally well to the investor fraternity. For months, the prospect of a slowing China and the departure of Greece from the euro have been on the cards, prompting some no doubt [...]
On May 14, 2012, the 3-month price of primary aluminum fell by 0.7 percent on the LME, landing at $2,031 per metric ton and making it the day’s biggest mover on aluminum markets. The LME cash price of primary aluminum declined 0.6 percent to $1,992 per metric ton. Meanwhile, the cash price of Indian primary [...]
On May 11, 2012, the day’s biggest mover was the LME primary aluminum 3-month price, which saw a 0.9 percent increase to $2,045 per metric ton. Also on the LME, the cash price of primary aluminum rose 0.8 percent to $2,003 per metric ton. The cash price of Indian primary aluminum fell 0.6 percent. Chinese [...]
