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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.
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.
