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Aluminum Market Resources
European investment bank views aluminum prices trading below “estimated fair value”   31-Jan-12
China Zhongwang expects 20% rise in extruded products demand in 2012   13-Jan-12
UC Rusal not considering primary aluminum production cuts as prices remain above $1,900; expect more curtailments in China   12-Jan-12
Alcoa expecting global aluminum market deficit to be driven by Chinese capacity shutdowns; demand growth to continue but at a slower pace in ‘12   10-Jan-12
CHR Metals seeing further industrial output growth weakness next year in most regions   19-Dec-11
US investment bank seeing “significant upside from a cost-curve perspective” for aluminum; sentiment “mildly bullish”   20-Dec-11
Rio Tinto Alcan expecting further primary aluminum output cuts at current prices   29-Nov-11
Novelis CEO seeing primary aluminum prices supported by potential output cuts; auto sales to reach record this year   14-Oct-11
UC Rusal “weighing the option of starting new bauxite projects as well as reopening (alumina) plants and considering acquisitions of new assets”   18-Oct-11
Rio Tinto seeing aluminum output cost pressures rising; increased third-party demand for bauxite   13-Oct-11
Alcoa sees regional premiums still signaling strong aluminum demand   12-Oct-11
Novelis sees aluminum demand growth to be driven by higher consumption in Asia and multi-sector substitution alternatives   11-Oct-11
Recent prices “fundamentally too low”: Davenport   10-Oct-11
Aluminum prices to remain supported on Chinese tightening fundamentals, financing deals, and possible power shortages disrupting production: bank   13-Sep-11
UC Rusal expects aluminum prices in range of $2,500-$2,600 per mton (113-118 cent/lb) for the rest of the year   30-Aug-11
Glencore seeing “inventory-financing transactions and logistics bottlenecks creating significant premium support” for aluminum; will continue to focus on its warehousing activities   25-Aug-11
Chinese primary aluminum market moving toward a “structural deficit” by 2014: bank   16-Aug-11
Hindalco sees challenges in output cost increases and uncertain regulatory regime   12-Aug-11
Aluminum market outside China in 300,000 tons deficit in H1, aluminum market in China expected to be “largely balanced” in 2011   26-Jul-11
“Stunningly positive quality of aluminum demand data” to continue to support prices: bank   18-Jul-11
Alcoa expects a tighter market in 2011; sees raw materials and energy costs rising   12-Jul-11

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*aluminum latest publications...

> HARBOR Aluminum Price Outlook:
Aluminum no longer in downward trend; should expect further price gains

1-Feb-12
LME 3M aluminum prices rallied strongly in January and managed to......

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> Alumina/Bauxite Intelligence Report:
Spot cheaper than term contract prices; challenging demand outlook remains

1-Feb-11
Australia spot alumina price bounced mainly on higher aluminum LME prices. Spot price is still cheap vs. aluminum (14.2% vs. 15.2-16% of 2012 term contract perice). Support at......

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> Special HARBOR Aluminum Weekly Analysis:
Be aware that LME buildups are misleading

23-Jan-12
Beware of the misleading reading of LME stocks. At first glance, LME inventories are at a record high of 5 million tons. Nevertheless......

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