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LONDON (Reuters) - Shortages of alumina, the raw material for producing aluminium, may become more severe in the coming months as an environmental crackdown in China is due to shut capacity,.
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10 Feb 2022 | 16:20 UTC FEATURE: Aluminum prices hit 13-year high on supply tightness, concerns Author Jacqueline Holman Editor Richard Rubin Commodity Coal , Electric Power , Energy Transition , Natural Gas , Metals Tags United States Highlights Price testing record highs Rallying power prices create hostile environment for smelters
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Whether there is truly an aluminum shortage or not, supply has continued to decline for over a year. In fact, the global supply of primary aluminum was down around 0.6% year-on-year in the first.
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Analysis: Global aluminium shortage Our customers are currently experiencing high prices and a low supply of aluminium. To explain this situation, we asked the Danish bank Jyske Bank to conduct an analysis of the global metal market. The analysis shows that three main factors have caused the significant price increase of aluminium in the last year:
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Middle East accounted for about 9% of global supply in 2023- IAI. LONDON, March 4 (Reuters) - European and U.S. buyers will compete aggressively for Middle Eastern aluminium if the European Union.
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LONDON, Feb 7 (Reuters) - Aluminium prices scaled a four-month peak on Monday as worries about supplies from top producer China and deficits in Europe and the United States were reinforced by.
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Feb. 10 2022, Published 10:14 a.m. ET Source: Pixabay The world, particularly the U.S., has been facing various shortages since the COVID-19 pandemic started. The U.S. has localized shortages.
Diana Hartmann Ed. S. Regional Superintendent, ROE 44 IARSS
2:44 This article is for subscribers only. Trading giant Trafigura Group has a stark warning for aluminum buyers: deep shortages of one of the most widely used metals mean the world will run.
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Alcoa said Jan. 9 that its Kwinana alumina refinery in Western Australia cut production by about 30% due to a gas shortage in the state and had temporarily switched to diesel Jan. 6 to power its Kwinana and Pinjarra alumina refineries.. Alcoa reverted to use gas to fuel the powerhouse boilers at the two alumina refineries in Western Australia on Jan. 12 following an increase in gas supply to.
Patricia Dal Santo Regional Superintendent, ROE 31 IARSS
The bank sees a global shortage of 1.23 million tons of primary metal next year, almost double the deficit in 2023, with the price rising to $2,600 a ton in 12 months. For now, the aluminum market.
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3:04 This article is for subscribers only. Supply-chain snags that have roiled commodity markets and helped push aluminum prices to a 13-year high this week are unlikely to ease any time soon..
Shortage High Theory
Through most of 2022, the shortage of aluminum has been a concern, but some are predicting a light at the end of that tunnel. Here, we'll take a look at contributing factors, recent trends, and what may lie ahead when it comes to aluminum supply and demand. Contributing Factors
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Aluminum's 2021 price performance. Chart via the London Metal Exchange.. Speaking with INN about how aluminum performed, Angelina Valavina of Fitch Solutions said there was a strong rebound in all.
Mandy Horn Assistant Superintendent, ROE 21 IARSS
Erin Schaff/The New York Times By Ana Swanson Published Feb. 2, 2021 Updated Oct. 31, 2021 WASHINGTON — President Biden reinstated tariffs on aluminum exported from the United Arab Emirates on.
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Goldman Sachs Group Inc. raised its price forecasts for aluminum, saying higher demand in Europe and China could lead to supply shortages. The metal will probably average $3,125 a ton this year in.
Alcoa to cut 30 production at Kwinana alumina refinery for natural gas
Stockouts and raw material shortages came to define 2021, and empty shelves pushed the term "supply chains" into the national spotlight. Skyrocketing demand, the pandemic and other factors driving current supply issues aren't expected to go away in 2022, and shortages of certain materials and products will likely continue.
