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Reuters reported that the global aluminium market is heading for another supply surplus this year and with demand falling short of expectations prices may fall to reflect this. But the downside potential is limited as such falls would soon lead to cutbacks by high cost producers.Mr Angus MacMillan i...
The Aluminum Association, Can Manufacturers Institute (CMI) and the Institute of Scrap Recycling Industries (ISRI) on September 15 announced the 2009 Used Beverage Container (UBC) recycling rate at 57.4 percent. This is the highest recycling rate of any beverage container in the United States. In 20...
Indian indices extended their gains as heavy weights continued to see buying interest during the previous two hours of trade. Stocks from auto and consumer durable space are seeing buying interest while stocks from the realty space are seeing a sell-off. The BSE-Sensex is trading up by 148 points wh...
Bloomberg quoted researcher CRU as saying that the premium paid for aluminum in Europe which rose to an 11 year high in July fell this month because of increased supply from the Middle East.Analyst Mr Marco Georgiou in London said that the fee added to the price of the lightweight metal for immediat...
BS reported that the country’s aluminium makers are against the proposal to shift to spot pricing for alumina due to sluggish Chinese demand and sharp price fluctuations. They prefer the present method of price discovery through long term contracts.Alumina, an intermediate product in alumi...