Alcoa CEO: although Rusal sanctions have been postponed, buyers are still nervous to continue to rush to buy aluminum metals-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Copper
  • Copper scrap
  • Inventory data
  • Lithium
  • Aluminium
  • Rare earth
  • Evening comments
  • Customs data
  • Futures movement
  • Morning comments
  • Market commentary
  • Silicon
  • Cobalt
  • tungsten price

Alcoa CEO: although Rusal sanctions have been postponed, buyers are still nervous to continue to rush to buy aluminum metals

Translation 11:55:03AM Oct 18, 2018 Source:SMM

SMM10, 17 / 17 / PRNewswire-FirstCall-Asianet /-Harvey (Roy Harvey), chief executive of Alcoa (Alcoa), said in a telephone interview that even if the U.S. Treasury Department allows Russian aluminum company (United Co. Rusal) remained in business until December, as consumers continued to scramble for aluminum on the market.

The United States Government has now allowed Deripasca to hold more talks with him on sanctions.

Alcoa had also raised its forecast for a global alumina shortage for the whole year.

Alcoa will consider its capital allocation plan for 2019 in January, and Harvey told analysts on a conference call that consumers are likely to use more scrap aluminum to avoid importing products subject to tariffs, hurting demand for raw aluminum.

(note: if copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)

Key Words:  Aluminum  Rusal  Mining  Import and Export 

Alcoa CEO: although Rusal sanctions have been postponed, buyers are still nervous to continue to rush to buy aluminum metals

Translation 11:55:03AM Oct 18, 2018 Source:SMM

SMM10, 17 / 17 / PRNewswire-FirstCall-Asianet /-Harvey (Roy Harvey), chief executive of Alcoa (Alcoa), said in a telephone interview that even if the U.S. Treasury Department allows Russian aluminum company (United Co. Rusal) remained in business until December, as consumers continued to scramble for aluminum on the market.

The United States Government has now allowed Deripasca to hold more talks with him on sanctions.

Alcoa had also raised its forecast for a global alumina shortage for the whole year.

Alcoa will consider its capital allocation plan for 2019 in January, and Harvey told analysts on a conference call that consumers are likely to use more scrap aluminum to avoid importing products subject to tariffs, hurting demand for raw aluminum.

(note: if copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)

Key Words:  Aluminum  Rusal  Mining  Import and Export