Resurrecting Venezuela’s aluminium industry? The government has a plan
After a year marked by deep regression and economic paralysis, Venezuela has decided to revive its lagging economy by resurrecting...
Electricity has long been the largest single cost associated with the production of primary aluminium. Though understood in theory for many years, the process of smelting aluminium was not economically viable prior to the advent and availability of large-scale electrical production. Even...
After a year marked by deep regression and economic paralysis, Venezuela has decided to revive its lagging economy by resurrecting...
“Aluminium drops as bears attack, others wait for news on China”, was the headline of a recent Reuters news report...
A consistent spike in coal costs has roiled India’s aluminium producers. If a spate of imports of fake semis and...
It’s been a rocky year for metal prices. The second half of the year, especially November and December, were quite a disappointment, and all five LME traded base metals are on track to post yearly drops. The main reason for this negative market sentiment is the lasting uncertainty over U.S.- China trade sanctions and the […]
Between 2017 and 2018, smelting costs for the primary aluminium industry have increased significantly. Aside of volatile alumina prices, higher prices of calcined petroleum-pet coke (CPC) and coal tar pitch (CTP), the two main ingredients of carbon anodes that provide the electrolytic chemical reaction during aluminium smelting were the key contributors to this rise. To […]
Since October 22, aluminium prices have been trading below US$ 2000/tonne, and are currently barely keeping above US$ 1900/tonne. Without much good news on horizon, uncertainty over U.S.-China trade war persisting, and further strengthening of the US dollar, it would seem that demand for aluminium has completely stalled. But that’s not at all the case […]
It’s not surprising when the seasonal slowdown pushes aluminium prices to fall below US$ 2000/tonne in July. But when prices sink at the end of the “mating season” in late October, analysts are rightly worried. Last October for example, the average price for the month was US$ 2130/tonne and was the highest monthly average for […]
This year, both Aluminium Düsseldorf, and LME Week’s annual gathering in London, were scheduled for the second week of October, with most events taking place within the span of just four days (October 8-11). Below are some of the main conclusions from the presentation given by CRU analysts Greg Wittbecker (CRU Breakfast, LME Week in […]
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...