Aluminium Extrusion Morning Market

20 November 2008

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2008 November 20 Issue

Daily News

• IAI Production Report November 20 ~ Aluminum production data released by IAI reports world daily average aluminum production at 70,500 tonnes in October (31 days), up from an upwardly revised September (30 days) 70,300. Up from 68,900 reported for October 2007. ~ World aluminum output for October (31 days) was 2.187 million tonnes as compared with an upwardly revised 2.110 million tonnes in September (30 days). October 2007 was reported at 2.136 million.

• In order to combat lower electricity demand, Chinese power generators have begun to cut the price of electricity which is sold to aluminum smelters. Smelters in Guizhou and Yunnan provinces should see a 10% reduction in power tariffs starting in December. Power prices for smelters in Ningxia and Inner Mongolia have already been lowered.

• Dubai Aluminum, Hindalco Industries and Hydromine have announced a joint venture -Cameroon Alumina Ltd. -to develop an integrated bauxite mining and alumina refining complex in Cameroon. The project is expected to cost US$5bn -US$6bn, and will include a railway to the port of Douala.

Aluminium Extrusion Morning Market

Aluminum Extrusion Morning Market

Our Aluminum Extrusion Morning Market provides an invaluable benchmark pricing tool for people who have operational responsibility for physical purchasing or price risk management. Each day the London Metal Exchange (LME) is open, you receive an e-mail, by 8:00 a.m. EST, of current prices and market information.

Your subscription includes:

Current aluminum forward price indications by month for LME and midwest prime
LME official prices: prior day's high/low/close and month-to-date average
NYMEX aluminum prices
Industry news and commentary
LME and NYMEX market statistics
Spot prices for key foreign currencies, interest rates, other metals and energy

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