Latest Post
Tampilkan postingan dengan label aluminum. Tampilkan semua postingan
Tampilkan postingan dengan label aluminum. Tampilkan semua postingan
09.06
Aluminum Consumption Growing Faster in Brazil
Written By mine on Rabu, 21 November 2012 | 09.06
Aluminum industry growth yearly while consumption of aluminium is growing faster than the economy in general and it is driving demand for low cost energy in order to meet domestic needs with nationally produced aluminium.
Demand for aluminium has also been driven up by the works required for holding the 2014 world football cup in 12 Brazilian cities and the 2016 Olympic Games in Rio de Janeiro. At the same time the government has adopted rules establishing that new cars must reduce emissions an environmental goal that will require new technologies as well as lighter weight elements made of aluminium.
Brazilian Aluminum Industry growth per year as IPS reported that aluminium, opposed by environmentalists mainly because of the amount of energy needed to produce it is one of the targets of the heated campaign against hydroelectric dams in Brazil’s Amazon jungle region.
Fast growth of activities and products that use abundant aluminium such as the construction packaging and automotive industries, explain the optimistic projections. The rise in wages and incomes among working and middle class families in Brazil in the last few years has led to a boom in housing renovation and improvements which has increased demand for construction materials.
Demand for aluminium has also been driven up by the works required for holding the 2014 world football cup in 12 Brazilian cities and the 2016 Olympic Games in Rio de Janeiro. At the same time the government has adopted rules establishing that new cars must reduce emissions an environmental goal that will require new technologies as well as lighter weight elements made of aluminium.
Brazilian Aluminum Industry growth per year as IPS reported that aluminium, opposed by environmentalists mainly because of the amount of energy needed to produce it is one of the targets of the heated campaign against hydroelectric dams in Brazil’s Amazon jungle region.
Fast growth of activities and products that use abundant aluminium such as the construction packaging and automotive industries, explain the optimistic projections. The rise in wages and incomes among working and middle class families in Brazil in the last few years has led to a boom in housing renovation and improvements which has increased demand for construction materials.
23.55
Aluminum Commodity Demand 2011 Affected Monetary Policy, Alumina Spot Price Forecast Increase
Written By mine on Jumat, 30 September 2011 | 23.55
Commodity demand for aluminum in 2011 will be affected by monetary policy tightening by China which would ultimately affect the growth in manufacturing and industrial activities, according to NALCO CMD B L Bagra.
Addressing the 30th Annual General Meeting here, Mr Bagra said the industry experts had anticipated 2011 to be a year of uncertainty and volatile prices.
As metal commodity, aluminum prices come under pressure as production of the metal in China, the world?s top aluminum market was expected to grow at a whopping 24 per cent this year to around 20 million tonnes.
The aluminium price, the NALCO CMD said, might continue to react to macro-economic news, thereby averaging around USD 2300 to USD 2600 a tonne during 2011.
In 2011, alumina spot prices are forecast to increase by 12 per cent to average around USUSD 390 a tonne. World consumption of alumina will also rise, supported by the construction of new smelters in China, India and the Middle East.
The alumina market, Mr Bagra said, was expected to remain roughly in balance in 2012, with spot prices in the range of USD 350 to USD 370 a tonne, subject to changes in the LME aluminium price and the success of the index-based pricing.
Addressing the 30th Annual General Meeting here, Mr Bagra said the industry experts had anticipated 2011 to be a year of uncertainty and volatile prices.
As metal commodity, aluminum prices come under pressure as production of the metal in China, the world?s top aluminum market was expected to grow at a whopping 24 per cent this year to around 20 million tonnes.
The aluminium price, the NALCO CMD said, might continue to react to macro-economic news, thereby averaging around USD 2300 to USD 2600 a tonne during 2011.
In 2011, alumina spot prices are forecast to increase by 12 per cent to average around USUSD 390 a tonne. World consumption of alumina will also rise, supported by the construction of new smelters in China, India and the Middle East.
The alumina market, Mr Bagra said, was expected to remain roughly in balance in 2012, with spot prices in the range of USD 350 to USD 370 a tonne, subject to changes in the LME aluminium price and the success of the index-based pricing.
06.43
Alcoa Positive Outlook 2011 and Global Aluminum Demand growth
Written By mine on Senin, 23 Mei 2011 | 06.43
Alcoa has a positive outlook for the rest of 2011 and expects global aluminum demand to grow 12 per cent in 2011. Rapid industralisation in China and India is fueling a positive outlook for aluminum and aluminum prices with the US-owned Alcoa, which operates Suriname Aluminum Company, LLC (Suralco), bauxite mining company and refinery, is set to benefit on short and mid-long term.
"We are also optimistic about Alcoa's long-term growth projects in China, Australia, Jamaica, Suriname and Brazil. Demand from these countries is expected to increase its alumina and aluminum production capacity while lowering its operating costs," Zacks Investment Research said on Tuesday.
"Alcoa reported first-quarter 2011 earnings per share of US$0.28, which was a penny ahead of the Zacks Consensus Estimate. However, revenues of US$5.96 billion missed the Zacks Consensus Estimate of US$6.112 billion.
The company posted improved profits across all its business segments and set profit records in its midstream and downstream businesses. The company expects aluminum to remain in great demand for the rest of 2011 due to the metal's unique properties of being light, strong and reusable."
The research analysis said that Alcoa is expected to benefit from the improving outlook of aluminum and alumina prices. China and India are undergoing rapid industrialization. Both these factors are positives for underlying aluminum demand.
"We expect aluminum demand to increase over the next three years, outstripping supply growth. Therefore, the aluminum market is likely to see deficits for a prolonged period. This provides a backdrop supportive of high alumina and aluminum prices.
Alcoa's presence in Suriname extends back to 1916. The business originally focused on mining bauxite, an ore from which alumina is extracted and used to make aluminum.
In 1958, Suralco signed an agreement with the Suriname government to develop the country's hydropower and bring the aluminum industry to the country.
"We are also optimistic about Alcoa's long-term growth projects in China, Australia, Jamaica, Suriname and Brazil. Demand from these countries is expected to increase its alumina and aluminum production capacity while lowering its operating costs," Zacks Investment Research said on Tuesday.
"Alcoa reported first-quarter 2011 earnings per share of US$0.28, which was a penny ahead of the Zacks Consensus Estimate. However, revenues of US$5.96 billion missed the Zacks Consensus Estimate of US$6.112 billion.
The company posted improved profits across all its business segments and set profit records in its midstream and downstream businesses. The company expects aluminum to remain in great demand for the rest of 2011 due to the metal's unique properties of being light, strong and reusable."
The research analysis said that Alcoa is expected to benefit from the improving outlook of aluminum and alumina prices. China and India are undergoing rapid industrialization. Both these factors are positives for underlying aluminum demand.
"We expect aluminum demand to increase over the next three years, outstripping supply growth. Therefore, the aluminum market is likely to see deficits for a prolonged period. This provides a backdrop supportive of high alumina and aluminum prices.
Alcoa's presence in Suriname extends back to 1916. The business originally focused on mining bauxite, an ore from which alumina is extracted and used to make aluminum.
In 1958, Suralco signed an agreement with the Suriname government to develop the country's hydropower and bring the aluminum industry to the country.
23.23
Aluminum Commodity Outlook 2011 China Potential for ETF
Written By mine on Rabu, 22 Desember 2010 | 23.23
Aluminum prices head to in 2011 could hinge on several events, but most notably whether China restarts idled production and how strong is the appetite for new exchange-traded funds for the metal.
Base metals have rallied toward the end of the year, led by copper, but some market analysts aren?t sure how well aluminum will perform in 2011. Some see a slight retrench from current levels as supplies are ample, yet others are a little more optimistic that global growth and an ETF will boost demand.
Like many base metals, aluminum has seen its prices rise since the summer, on hopes that the global economy is finally beginning to rebound. During the summer when concerns rose that the U.S. was headed to a double-dip recession and global growth was foundering, aluminum, like many commodities tumbled. During early July prices on the London Metal Exchange fell to the $1,800 a metric ton area, but have rebounded since then. In mid-December they were around $2,300.
While prices did break, it wasn?t as sharp as some other LME base metals like zinc, lead and nickel, analysts noted. That?s because consumer demand for aluminum is still firm and stocks are being reduced.
A rebound in the automotive sector is helping to drive demand and Citigroup analysts, citing statistics from the International Aluminum Institute?s October data, noted that demand that month ran about 16% above 2009, which is where it has averaged this year.
Stocks are being whittled away because of production cut backs in China. The cut backs were part of a five-year economic plan to reign in power usage. Aluminum is a notorious energy hog and the most inefficient output was placed on hold.
But the question is: where does China go from here? The five-year economic plan ends in December and China?s leaders will draft a new five-year plan in 2011. Reuters reported in late November that details of China?s five-year energy plan won?t be published until March at the earliest. It will be part of the overall economic and social development plan created by the government when its parliament meets in an annual session.
The answer to that question will impact the supply side for aluminum, analysts said.
Outside of China aluminum production is ratcheting up. Citigroup analysts, again citing the IAI?s October data that ex-China global output increased. While it did not rise enough to offset the curbed Chinese output, it suggests a trend of higher production for 2011.
Citigroup analysts said they expect production in China will bounce back, but how much is debatable. ?We suspect that the Chinese authorities might finally get serious about how to best use the country?s energy supply, and we?re not sure that inefficient aluminum smelters will fit into that plan,? they said.
Morgan Stanley and Goldman Sachs also believe China will see production start to come back in 2011.
?We also believe that the temporary tightness in the Chinese domestic market due to energy-conservation related production cuts will be quickly reversed as we head into the new year,? Goldman Sachs said in a 2011 outlook.
How much Chinese production comes back on line will impact aluminum stocks. Although stocks have come down, Citigroup, Morgan Stanley and Goldman said overall supplies remain healthy enough compared to historical averages to limit upside price gains.
In the first three months of the year, Citigroup said aluminum prices could hold in a range of $2,250 to $2,500 a ton, not far from where they are now. ?Global aluminum stocks should continue to gradually decline, however the pace of decline probably won't be sufficient to see fresh cycle highs over that time period,? they said.
In the first three months of 2011, Goldman sees aluminum prices averaging $2,125, while Morgan Stanley has a 2011 average price of $2,200. In the six to 12-month view, Goldman sees prices around $2,200
Consulting firm Harbor Intelligence is more bullish on aluminum than other analysts, suggesting that prices could head to $2,650 before the end of February.
They base this outlook on the emerging markets, particularly in BRIC countries, continuing to see greater demand than developed markets. More importantly, Harbor analysts said they believe the downtime China has experienced will continue, rather than see production restart. They said negative economics for more than 26 months have created a structural change there as output costs ? among them energy, alumina, and anodes ? continue to rise. That will lower incentives to produce the metal, they said.
Harbor estimates that global primary aluminum demand will grow around 16%.
Harbor analysts also point out that global cash profit margins are under the historical average, while costs are rising. In China, they estimate that cash output costs were $2,443 per ton in November.
Aluminum ETF Demand To Be Watched Closely
Exchange-traded funds have been flourishing across precious metals and now base metals are starting to see their own funds start. Morgan Stanley said a sharp drop in cancelled warrants at the LME in September sparked speculation about the launch of a physically backed ETF.
Physically backed ETFs in gold and silver have added handsomely to the price of those metals and thoughts are that investors could use them as a vehicle to get exposure to base metals and as a bet on global growth.
And it?s the potential for an ETF that have Citigroup increasing it price forecasts for aluminum toward the later part of the year. Citigroup?s six to 12-month price forecast for aluminum is $2,650 a ton, which hinges on broadening economic growth ?and/or? a physically backed aluminum ETF launching.
Yet Morgan Stanley is more tempered in its assessment of any ETF. The new fund would certain attract some investors, the bank doesn?t believe the fund will change the fundamentals of the market. ?While a successful launch of physically backed aluminum ETF would, as now, have a price-tensioning impact in the short term, absolute and relative price performance over the longer term will depend on a return to a deficit market. On our current estimates, this will not be before 2012,? the bank said.
[http://www.kitco.com]
Base metals have rallied toward the end of the year, led by copper, but some market analysts aren?t sure how well aluminum will perform in 2011. Some see a slight retrench from current levels as supplies are ample, yet others are a little more optimistic that global growth and an ETF will boost demand.
Like many base metals, aluminum has seen its prices rise since the summer, on hopes that the global economy is finally beginning to rebound. During the summer when concerns rose that the U.S. was headed to a double-dip recession and global growth was foundering, aluminum, like many commodities tumbled. During early July prices on the London Metal Exchange fell to the $1,800 a metric ton area, but have rebounded since then. In mid-December they were around $2,300.
While prices did break, it wasn?t as sharp as some other LME base metals like zinc, lead and nickel, analysts noted. That?s because consumer demand for aluminum is still firm and stocks are being reduced.
A rebound in the automotive sector is helping to drive demand and Citigroup analysts, citing statistics from the International Aluminum Institute?s October data, noted that demand that month ran about 16% above 2009, which is where it has averaged this year.
Stocks are being whittled away because of production cut backs in China. The cut backs were part of a five-year economic plan to reign in power usage. Aluminum is a notorious energy hog and the most inefficient output was placed on hold.
But the question is: where does China go from here? The five-year economic plan ends in December and China?s leaders will draft a new five-year plan in 2011. Reuters reported in late November that details of China?s five-year energy plan won?t be published until March at the earliest. It will be part of the overall economic and social development plan created by the government when its parliament meets in an annual session.
The answer to that question will impact the supply side for aluminum, analysts said.
Outside of China aluminum production is ratcheting up. Citigroup analysts, again citing the IAI?s October data that ex-China global output increased. While it did not rise enough to offset the curbed Chinese output, it suggests a trend of higher production for 2011.
Citigroup analysts said they expect production in China will bounce back, but how much is debatable. ?We suspect that the Chinese authorities might finally get serious about how to best use the country?s energy supply, and we?re not sure that inefficient aluminum smelters will fit into that plan,? they said.
Morgan Stanley and Goldman Sachs also believe China will see production start to come back in 2011.
?We also believe that the temporary tightness in the Chinese domestic market due to energy-conservation related production cuts will be quickly reversed as we head into the new year,? Goldman Sachs said in a 2011 outlook.
How much Chinese production comes back on line will impact aluminum stocks. Although stocks have come down, Citigroup, Morgan Stanley and Goldman said overall supplies remain healthy enough compared to historical averages to limit upside price gains.
In the first three months of the year, Citigroup said aluminum prices could hold in a range of $2,250 to $2,500 a ton, not far from where they are now. ?Global aluminum stocks should continue to gradually decline, however the pace of decline probably won't be sufficient to see fresh cycle highs over that time period,? they said.
In the first three months of 2011, Goldman sees aluminum prices averaging $2,125, while Morgan Stanley has a 2011 average price of $2,200. In the six to 12-month view, Goldman sees prices around $2,200
Consulting firm Harbor Intelligence is more bullish on aluminum than other analysts, suggesting that prices could head to $2,650 before the end of February.
They base this outlook on the emerging markets, particularly in BRIC countries, continuing to see greater demand than developed markets. More importantly, Harbor analysts said they believe the downtime China has experienced will continue, rather than see production restart. They said negative economics for more than 26 months have created a structural change there as output costs ? among them energy, alumina, and anodes ? continue to rise. That will lower incentives to produce the metal, they said.
Harbor estimates that global primary aluminum demand will grow around 16%.
Harbor analysts also point out that global cash profit margins are under the historical average, while costs are rising. In China, they estimate that cash output costs were $2,443 per ton in November.
Aluminum ETF Demand To Be Watched Closely
Exchange-traded funds have been flourishing across precious metals and now base metals are starting to see their own funds start. Morgan Stanley said a sharp drop in cancelled warrants at the LME in September sparked speculation about the launch of a physically backed ETF.
Physically backed ETFs in gold and silver have added handsomely to the price of those metals and thoughts are that investors could use them as a vehicle to get exposure to base metals and as a bet on global growth.
And it?s the potential for an ETF that have Citigroup increasing it price forecasts for aluminum toward the later part of the year. Citigroup?s six to 12-month price forecast for aluminum is $2,650 a ton, which hinges on broadening economic growth ?and/or? a physically backed aluminum ETF launching.
Yet Morgan Stanley is more tempered in its assessment of any ETF. The new fund would certain attract some investors, the bank doesn?t believe the fund will change the fundamentals of the market. ?While a successful launch of physically backed aluminum ETF would, as now, have a price-tensioning impact in the short term, absolute and relative price performance over the longer term will depend on a return to a deficit market. On our current estimates, this will not be before 2012,? the bank said.
[http://www.kitco.com]
17.44
Mining Commodity Prices Report in Midle September 2010
Written By mine on Sabtu, 18 September 2010 | 17.44
As mining commodities aluminium was trading at $2,191 a tonne from a last bid at $2,165 on Thursday. LME stocks for the metal, used in transport and packaging, fell 3,975 tonnes to 4.39 million tonnes. A large portion of those aluminium stocks are tied up in finance deals. The dollar erased losses from earlier in the session, making metals priced in the U.S. unit more expensive for holders of other currencies. Traders also remained on watch for fresh signs of yen selling after massive intervention on Wednesday in case the Bank of Japan begins new sales to weaken the currency. ''We will see $8,000 (on copper) this year but whether that is a sustainable level or not, that's a different question,'' said SocGen's Wilson on copper.
General market sentiment was mixed on Thursday after U.S. initial jobless claims beat expectations, but a separate report from the Philadelphia Federal Reserve Bank showed factory activity in the U.S. mid-Atlantic region shrank for a second straight month in September. ''There seems to be a general belief that investors want to be long the complex, but it's the high relative level of pricing which is causing some hesitation,'' Deutsche Bank said in a note. Steel-making ingredient nickel was trading $23,400 from $23,250, after earlier hitting a 4-month peak at $23,570. Battery material lead was trading at $2,227 a tonne from $2,202, having earlier touched its highest level since April at $2,258.50. Zinc was trading at $2,187 a tonne from $2,148 and tin at $23,750 from $23,495, after earlier touching a two-year high at $23,800.
General market sentiment was mixed on Thursday after U.S. initial jobless claims beat expectations, but a separate report from the Philadelphia Federal Reserve Bank showed factory activity in the U.S. mid-Atlantic region shrank for a second straight month in September. ''There seems to be a general belief that investors want to be long the complex, but it's the high relative level of pricing which is causing some hesitation,'' Deutsche Bank said in a note. Steel-making ingredient nickel was trading $23,400 from $23,250, after earlier hitting a 4-month peak at $23,570. Battery material lead was trading at $2,227 a tonne from $2,202, having earlier touched its highest level since April at $2,258.50. Zinc was trading at $2,187 a tonne from $2,148 and tin at $23,750 from $23,495, after earlier touching a two-year high at $23,800.
