{
}
UBS has revised its alumina price forecast for 2025 downward to below $400 per ton, following a rapid price decline from over $800 per ton in December 2024 due to increased supply. Factors contributing to this shift include record production rates in China and a significant rebound in bauxite imports from Guinea.Despite the forecast cut, UBS remains optimistic about aluminum's fundamental outlook, anticipating modest market deficits and a stable LME aluminum price around $2,700 per ton, while maintaining a bullish stance on companies like Norsk Hydro and Alcoa Corp.
UBS has maintained a "Neutral" rating for Rio Tinto plc, setting a target price of 5250 pence. Analyst Myles Allsop noted that the mining company is on track to commence production at the Simandou iron ore mine in Guinea later this year.
UBS has maintained a "Neutral" rating for Rio Tinto plc, setting a target price of 5250 pence. Analyst Myles Allsop highlighted potential challenges for the company, including delays in production at the new Simandou iron ore mine in Guinea, which is expected to start in 2025, due to record rainfall and political uncertainties.
UBS has maintained a "Neutral" rating for Rio Tinto, setting a target price of 5250 pence. Analyst Myles Allsop highlighted the upcoming production at the Simandou iron ore mine in Guinea, expected to start in 2025, but noted potential challenges from severe rainfall and political instability.
A dark-fleet vessel, previously thought to be dismantled after an explosion off Malaysia's coast, has re-emerged with its transponder signal active again. The Pablo was detected in the Gulf of Guinea, reportedly engaged in a ship-to-ship cargo transfer with a tanker linked to US-sanctioned Petroleos de Venezuela (PDVSA).
UBS forecasts copper prices to average $10,500 per ton in 2025, driven by tightening supplies and increasing demand from sectors like new energy vehicles and AI data centers. A deficit of over 200,000 tons is expected as smelters face losses due to low treatment charges, while consumption in Europe and the U.S. is anticipated to improve. Additionally, alumina prices are projected to decline in early 2025 due to a supply glut, despite recent record highs caused by disruptions.
The Conseil National de la Transition (CNT) ratified a €52.9 million framework loan agreement with the Islamic Development Bank (IDB) to support Guinea's health sector. The project, co-financed by the IDB (91%) and the Guinean government (9%), aims to enhance the national health system and reduce mortality from various diseases. Key financing terms include an 18-year repayment period for the loan and a 15-year period for instalment sales, with specific grace periods and concessionality rates.
Panic is escalating in the alumina market as prices surge over 20% this month, nearing the record high of $707.75 set in 2018. The spike is driven by supply concerns following an export disruption in Guinea, the leading producer, impacting the market in China.
GIN
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs lowers alumina price forecast amid supply surge and market shifts
United States Dollar
Norsk Hydro
Companhia Brasileira de Alumínio
Alcoa Corp
China Hongqiao Group Ltd
IND
IDN
GIN
GBR
CHN
Daniel Major
Show more
13:43 27.03.2025
UBS maintains neutral rating for Rio Tinto with production plans in Guinea
08:30 06.02.2025
ubs maintains neutral rating for rio tinto amid production challenges
09:10 19.11.2024
ubs upgrades rio tinto to neutral with target price of 5250 pence
08:10 19.11.2024
dark fleet vessel reappears raising concerns over zombie ship phenomenon
06:42 13.11.2024
ubs forecasts copper prices to rise amid tightening supply and growing demand
08:54 31.10.2024
guinea secures 52 million euros for health sector support project
23:34 23.10.2024
panic in alumina market as prices approach record high
14:20 22.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Banking Regulations
Global Financial Events
Market Analysis and Predictions
Financial Scams and Security
Retail and Consumer Goods
CEO Changes
Central Bank Actions
Industry Mergers & Acquisitions
Hedge Funds & Private Equity
Global Trade Developments
Government Policies
GDP Growth & Recession Forecasts
Workplace Trends
Inflation and Monetary Impact
Startups & Entrepreneurship
Government Economic Policies
Countries:
Companies:
JPMorgan Chase & Co.
The Goldman Sachs Group, Inc.
Tesla, Inc.
Bank of America Corporation
Apple Inc.
Citigroup Inc.
Wells Fargo & Company
Barclays PLC
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
American Express Company
UBS Group AG
AMERICAN EXPRESS
Northern Trust Corporation
Credit Suisse Strategic Income I
Berkshire Hathaway Inc.
Deutsche Bank Money Market PP
AXA SA
Safran SA
Currencies:
United States Dollar
Euro
Chinese Yuan
Swiss Franc
British Pound Sterling
Indian Rupee
Japanese Yen
Canadian Dollar
Russian Ruble
Australian Dollar
Saudi Riyal
United Arab Emirates Dirham
Indonesian Rupiah
Offshore Chinese Yuan
Singapore Dollar
Ghanaian Cedi
Mexican Peso
Hong Kong Dollar
South Korean Won
Danish Krone
People: