The Aluminum Monthly Metals Index (MMI) dropped again this month, falling by one point to 83. All but one of the prices tracked for the index dropped this month, with India’s primary cash price showing the biggest drop at 4.4%, followed by the LME primary 3-month price (down by 3.4%). Lower your aluminum spend – […]
Tag: Aluminum
Aluminum Production in China Illustrates Manufacturing Slowdown
GDP figures may be holding up well, but metal consumption in China suggests the global slowdown and the ongoing trade war with the U.S. are taking their toll on China’s manufacturing sector. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook Reuters reported top state primary aluminum producer Chalco is quoted as filing an […]
This Morning in Metals: China Sees Slowdown in Copper Imports, Aluminum Exports
This morning in metals news, China’s trade activity with respect to aluminum and copper slowed in August, Nucor announced Chairman and CEO John Ferriola will be retiring at the end of the calendar year and residents of an Arizona town expressed staunch opposition to a proposed aluminum recycling plant. Need buying strategies for steel? Request […]
Alcoa, United Steelworkers Reach Tentative Agreement on Four-Year Labor Deal
Pittsburgh-based Alcoa Corporation announced it had reached a tentative agreement on a four-year labor deal with the United Steelworkers union, a deal covering five locations and 1,700 employees. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Alcoa is a producer of bauxite, alumina and aluminum products. Alcoa shares closed Friday […]
This Morning in Metals: Copper Prices Make Gains
This morning in metals news, the copper price ticked up Wednesday, an appeals court is reconsidering an aluminum antitrust suit involving several big-name companies and Rio Tinto is taking over a mining site in British Columbia. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Rises The copper price […]
Canada to Roll Out Anti-Dumping Policy Changes, Aluminum Import Monitoring System
The Canadian government recently announced policy and regulation changes that it argues “will help improve Canada’s trade remedy system for all sectors.” Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Earlier this month, Canada announced changes to its anti-dumping policy, in addition to the establishment of a new aluminum import monitoring […]
Aluminum Market is in Balance – For Now
Various sources are reporting both a slowing in demand growth and a fall in output for primary aluminum. So far this year, that combination has been led by a faster fall in output, pushing the market into a larger deficit position as the first half progressed. Buying Aluminum in 2019? Download MetalMiner’s free annual price […]
India’s NALCO Plans to Expand Domestic Aluminum Sector
India’s National Aluminium Company (NALCO) has had expansion plans on the anvil for some time now. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook Towards this goal, it has started taking the first steps. Part of this effort is the indigenization of technology and equipment specific to the aluminum sector. It is a […]
This Morning in Metals: Coca-Cola to Sell Dasani Water Brand in Aluminum Cans
This morning in metals news, beverage maker Coca-Cola has announced it will shift to aluminum cans for its Dasani water brand, the U.S. Department of Commerce announced it found evidence of dumping of refillable stainless steel kegs from Mexico and China still plans to send trade officials to Washington next month for talks. Need buying […]
This Morning in Metals: China Hongqiao Impacted by Typhoon
This morning in metals news, the world’s top aluminum producer was flooded after Typhoon Lekima, Chinese cities did not meet targets to cut pollution and iron ore prices continue to slide. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Hongqiao Takes Damages After Typhoon The world’s largest aluminum producer, […]
