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Rio Tinto (RIO +0.4%) says it plans to spend $87M to increase its low-carbon aluminum production in North America with 16 new smelting cells at its AP60 smelter in Quebec. Rio says the investment will raise production at the smelter by 45%, or 26.5K metric tons/year of primary aluminum, to a ...
Novelis Inc. reported a net income of $237 million during Q2 as compared to a net loss of $37 million in the prior year period. Novelis benefitted from readily available scrap input rather than the position for many of its competitors who rely on primary ingot or slab. When automo...
Today, consensus inflation expectations remain high even though most commodity prices have dropped significantly over the past six months. Commodities are infamous for boom-bust cycles because high prices simultaneously encourage supply while curtailing demand. 12-month change in ...
Behind the aluminium market gyrations, primary production costs have surged, and this has led to an acute squeeze on producers' margins. China's power market reforms could add to a secular shift towards higher costs for primary aluminium smelting. As a result, there could be profo...
The higher power content of primary aluminum has driven a plunge in prices that have caught many by surprise and still has the potential to go further. The aluminum price has been undermined by falling coal prices in China following efforts by regulators to curb excessive speculation,...
The U.S. and EU have used the recent G20 summit in Rome to announce an end to hostilities over the steel and aluminum Section 232 tariffs. The negotiations have come up with a “kill two birds with one stone” solution to a dispute that was doing neither side any good. ...
Commodities are on the move again, with lumber, copper, aluminum, crude oil and natural gas making significant gains from their pre-pandemic levels. Supply disruptions and a push toward sustainability may be driving the commodity boom, even as fiscal stimulus and low rate policies als...
The U.S. and the European Union have announced a deal at the G20 summit in Rome to ease U.S. tariffs on steel and aluminum totaling more than $10B of E.U. exports each year, removing one of the most significant trade disputes from the Trump administration's levies imposed in 2018. U.S. Commer...
Aluminum is a silvery white metal with a myriad of useful properties that make it a necessary component in many of our everyday products. Given that, aluminum investing can offer exposure to growth in a number of market segments. The base metal is non-toxic, corrosion resi...
The inevitable rise of commodities required for a greener future. Will the supply squeeze on commodities continue? Does this mark the start of another commodities supercycle? For further details see: Copper Price Nears Record High On Supply Squeeze: Will The Rally Contin...
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iPathA Series B Bloomberg Aluminum Subindex Total Return ETN Company Name:
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Aluminum is a silvery white metal with a myriad of useful properties that make it a necessary component in many of our everyday products. Given that, aluminum investing can offer exposure to growth in a number of market segments. The base metal is non-toxic, corrosion resi...
Aluminum is a silvery white metal with a list of positive properties that make it a useful and necessary component in many of the objects we use in our daily lives. It is non-toxic and corrosion resistant, it has high thermal conductivity and it is the most abundant metal in the Earth’...
Barclays Bank PLC (“Barclays” or the “Issuer”) announced a temporary reduction of the minimum early redemption size of certain series of ETNs as specified in the table below (together, the “ETNs”). Currently holders of the ETNs are required to redeem...