Stainless consumption and imports both rose sharply in April compared with the same period a year ago, according to figures from the Specialty Steel Industry of North America (SSINA). Stainless consumption was up 12.3% from April of last year. While stainless imports grew 22.5% in the same time frame. Stainless plate posted the most notable.. read more →

  • Nickel
    Nickel

June 8, 2012 / Nickel Foil Nickel premiums continue to decline, with melting grade numbers hitting a nine year low as spot activity weakened. Melting grade premiums fell to between 20 and 23 cents per pound, the lowest level seen since mid 2003. Premiums have been under pressure this year as suppliers are said to.. read more →

08 Jun 2012
June 8, 2012

North America Aluminum Demand Up

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  • Aluminum
    Aluminum

Demand for aluminum in the United States and Canada rose by 7.5% in the first quarter compared with the same period last year, according to preliminary data from the Aluminum Association. Shipments of aluminum by domestic aluminum producers and aluminum imports were estimated at 5.8 million pounds. Demand for semi-fabricated aluminum (mill) products increased 7.9%.. read more →

  • Copper
    Copper

Goldman Sachs Group Inc. has pared back the bullish copper forecast it issued last year, saying the tightness originally expected to develop in the second half of 2011 is unlikely to materialize for another year. Spot copper on the LME crossed the $10,000 per tonne mark in early February and hit a record high of.. read more →

26 Dec 2011
December 26, 2011

Aluminum Orders Down 2.7% in November

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  • Aluminum
    Aluminum

Aluminum orders in North America fell 2.7% in November from the previous month due to continued de-stocking ahead of the year’s end as well as uncertainty about aluminum prices. Orders remain in a choppy, sub-par uptrend. This marks the second month of declining orders; however they remain up strongly from 2010. The overall monthly decline.. read more →

  • Aluminum
    Aluminum

A severe shortage of available aluminum has pushed spot premiums to record highs in the U.S. marketplace. Midwest spot premiums have gone up to between 7.5 and 8.5 cents per pound, with one trader even reporting transactions as high as 9.5 cents per pound. Business is no problem; people will pay to get the metal… read more →

Copper hit a record price on the London Metal Exchange Tuesday after topping $9,000 per tonne for the first time ever in the pre-market session. A combination of factors, including the Euro strength, short coverings and protracted speculation about exchange traded funds sparked the rally, traders said. Three month copper closed at $8,986 per tonne.. read more →

24 Sep 2010
September 24, 2010

No Near-Term Slide in Aluminum Stocks

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  • Aluminum
    Aluminum

It will be 18 months to 2 years before there is a substantial decline in the LME aluminum inventories, according to Novelis, Inc. president and chief operating officer Phil Martens, purely because people are not going to dump material on the market. Speculation that the recent narrow backwardation on the light metals cash-to-three month spread.. read more →

  • Aluminum
    Aluminum

“Banker grab” hits with backwardation. Aluminum locked up in long term financing deals could be released as a result of a backwardation that has emerged in the August-September forward prices on the LME, market sources told AMM. The emergence of higher prices for August compared with September is a dramatic reversal of the healthy contango.. read more →

15 Jul 2010
July 15, 2010

Alcoa Pushes New Alumina Pricing

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  • Aluminum
    Aluminum

Alcoa Inc is changing the way it prices alumina as its long term contracts come up for renewal, according to Chairman CEO Klaus Kleinfield. Alcoa’s long term supply contacts had priced alumina as a percentage of exchange traded aluminum, but as the contracts come up for renewal the company is pushing customers toward higher non.. read more →