In case you missed this story by Andy Home from Reuters. “The Chinese aluminum machine is once again cranking up. The country produced 2.75 million tonnes of the stuff in September, the second-highest monthly tally ever, exceeded only in June 2015. Annualized run rates have accelerated by 2.16 million tonnes to 33.48 million over the […]
AZ China is mentioned in this article by Liam Denning.
According to the International Aluminium Institute’s latest figures, aluminium production in China slipped to 2,724Kt in July, but still accounted for 55% of total monthly world outputs. The daily rate of production decreased to 88kt from 92kt, shrinking by 4% m/m. Actually, announcements of plans to shut capacity mostly came late in July, so we estimate production […]
China exported 2.5 million tonnes of unwrought aluminum and aluminum products in the first half of this year. That was 35 percent, or 650,000 tonnes, higher than the same period of 2014. Most of what leaves China is in the form of semi-manufactured products. The rest is largely aluminum alloy with a very small amount […]
Beijing’s panicked reaction to sliding Chinese stock prices must be causing a few ripples of anxiety at Alcoa, too. When Alcoa reports second-quarter results Wednesday, investors will be looking for any glimmers of a rebound in metal prices, especially aluminum. The company’s stock has suffered, plunging 30% so far in 2015. Aluminum alloy, for instance, fetches […]
COPPER prices steadied as strong US data bolstered the prospects for economic growth, but gains were modest as investors worried about an impending slowdown in summer demand and lack of a Greek debt deal. US consumer spending recorded its largest increase in nearly six years in May, further evidence that economic growth was accelerating in […]