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 →

Supply concerns and a weaker dollar breathed second life into the base metals rally over the past week, although sources say prices are unlikely to maintain current levels on fundamentals alone. Nickel was the standout during the week as continued tightness in the market drove up prices not seen since June, 2008. Base metals ended.. read more →

The unexpected revival of stainless steel production in the first quarter is having a dramatic effect on the raw material supply chain, with nickel moving into a deficit and ferrochrome and molybdenum prices up more than 30% since the beginning of the year. The recovery of the stainless sector has been quite surprising especially considering.. read more →

Copper prices surged Monday as traders tried to gauge the extent of disruption to output from Saturday’s earthquake in Chile, the world’s top copper producer. Three month copper erased last week’s losses, rocketing 3.7% higher to end second ring trade on the LME at $7.360 per tonne on Monday vs. Friday’s close at $7,096 per.. read more →

  • Aluminum
    Aluminum

North American spot aluminum premiums continue to race upward, grazing 43 month highs in the new year as reduced supply and increased demand create a feeling of tightness in the domestic market. Fewer US imports of aluminum products are one factor behind the supply side tightness in the domestic market. Russia a top supplier of.. read more →