Who remembers the Indonesian bauxite ban now? When the country prohibited exports of unprocessed minerals in January 2014, the big loser was expected to be China. At the stroke of a presidential pen China lost its main supplier of both bauxite and nickel ore, seemingly placing at risk its giant nickel pig iron and aluminum […]
Aluminum premiums are in meltdown the world over. The London Metal Exchange (LME) price of the light metal has followed them lower over recent weeks with the benchmark three-month price now hovering just above one-year lows around the $1,750-per tonne level. This is not how things were supposed to play out.
China’s decision to support its domestic industry through cuts to the price of power and taxes looks set to boost aluminium and iron ore…
Click to read the March/April 2015 issue of Aluminium International Today (Page 11).
Aluminium dropped to multi-month lows in London and Shanghai on Tuesday on concerns over excess supply while other base metals fell ahead of expected weak economic data from top metals consumer China.
Is the world aluminum market in a supply-demand deficit or surplus? It’s a simple enough question but an extraordinarily difficult one to answer. That much was clear at last week’s LME Seminar. Two respected bank analysts, Citi’s David Wilson and Natixis’ Nic Brown, offered diametrically different views.