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METAL PRICES TO BOTTOM OUT: MOST ANALYSTS HOPEFUL

  NEGOTIATOR’S TAKE: It might be a good time to lock in prices for metal products.   February 2016 – The price collapse stops here When will base metal prices stop falling?  They have been trending lower for months, even

METALS PRICES FOLLOW GOLD’S WAKE IN MULTIYEAR LOWS

NEGOTIATOR’S TAKE: A great time to be calling your metal parts suppliers and negotiating decreases.   China adding to market malaise Prices of major traded-metals have tumbled to multi-year lows as weak Chinese manufacturing data added to the brew of excess

WAREHOUSE CRACKDOWN CUTS ALUMINUM COSTS

NEGOTIATOR’S TAKE: Good to know next time you are talking to your aluminum or aluminum parts supplier. Manufacturers of goods from cars to soda cans are benefiting from declining aluminum costs, a sign that new warehouse rules aimed at loosening the

Aluminum rises to 18-month high

Aluminum for delivery in three months climbed 1 percent to $2,083 a metric ton at 5:50 p.m. on the London Metal Exchange, after touching $2,100, the highest since February 2013. The LME was shut on Monday for a national holiday.

Aluminum surges on bauxite supply shortage

Aluminum for delivery in three months added 1 percent to close at $1,814.50 a ton Friday on the London Metal Exchange after touching $1,824.15, the highest since April 29. The aluminum market will be in deficit this year by 1.3 million

The end of aluminum 9-year surplus

A broad look at the aluminum market shows that it’s not just this past year that the metal has performed poorly — it’s been down in the dumps for nearly a decade. As Bloomberg notes, “there have been nine years of

Indonesia slaps ban on mineral ore exports

“The President has signed a decree stipulating that beginning January 12, all raw mineral or ores are banned from being exported,” Hatta Rajasa, the coordinating economic minister, said after a limited cabinet meeting led by President Susilo Bambang Yudhoyono at

World’s metal slipping into the shadows

As of October, a record seven to ten million tons of aluminum were being housed in a hidden system of shadow warehouses, in countries as far apart as Malaysia and the Netherlands, according to estimates from several analysts. The amount

Aluminum oversupply translates to four-year low prices

Prices for aluminum, the second most widely used metal after steel, for delivery in 3 months settled 0.2 percent lower at $1,754 a ton, the lowest since July 2009, on the London Metal Exchange today. According to the World Bureau of

Aluminum Prices Seen Dropping as LME Unclogs Depots

The Midwest surcharge, the U.S. benchmark, will drop 22 percent to 8 cents a pound by the end of June, the Bloomberg survey showed, after the LME will accelerate the delivery of another 2 million tons of aluminum onto the