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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

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

Record Copper Prices Prompt Switch To Aluminum – WSJ.com

Copper’s price surge this year is sparking a switch among manufacturers to another electricity-conducting metal: aluminum. Makers of automobiles, air conditioners and industrial components are increasingly turning to the much cheaper metal to help offset rising cost pressures as the

Copper Rises to Record, Aluminum, Nickel Climb as China Grows – Bloomberg.com

Copper rose to a record on signs demand will remain robust in China, the world’s biggest consumer of the metal used in cars, homes and appliances. Aluminum and nickel climbed to two-year highs. China’s manufacturing expanded last month, according to

China’s Slowdown Sends Shivers – WSJ.com

Since China’s government started cracking down on its overheating property market in mid-April, global prices for aluminum are down 18%; for copper, 13%; for lead, 19%; and for nickel, 27%, though prices for all of those metals have stabilized somewhat

Aluminum industry getting greener

Quebec’s aluminum companies said yesterday they’re well on their way to meeting their commitments to reduce greenhouse gas emissions. Representatives of the major aluminum companies announced yesterday that they are on track to meet targets set in 2007, cutting the equivalent of