Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌

Wednesday, May 11, 2016

Aluminium Supply to Tighten, Prices to Rise: Rusal’s Soloviev
26 April 2016:  Global demand for aluminium will continue to remain strong as worldwide supply tightens. This will raise prices from seven-year lows, says Vladislav Soloviev, chief executive of Russia’s UC Rusal, the world’s second-biggest aluminium producer.

Exports of processed aluminium from the People’s Republic of China are expected to drop thanks to investigations of the fake semis market and resulting anti-dumping measures taken by the United States, Australia, and the European Union, explained Soloviev.

“Rusal estimates that [global] aluminium consumption will grow by 5.7 per cent to 59.5 million tonnes this year,” he told the South China Morning Post. “Chinese growth is expected to continue to be strong at 7 per cent year-on-year in 2016 to 31 million tonnes.”

He went on to explain that the automotive and aerospace sectors should lead demand growth, followed closely by the construction, electrical, consumer durables, and packaging sectors. As to supply, additions in capacity by China aren’t expected to make up for closures in the remainder of the market.

“We see no new significant capacity additions over the next five years outside China, with [the supply] deficit forecast to [rise] sharply in 2016 and expected to surpass 2.4 million tonnes this year,” Soloviev said.

Soloviev projects that China will idle an additional 1 million metric tons of capacity if prices hold at current levels. This is in addition to the 1 million metric tons projected to close by the end of the current quarter.

“Around 50 per cent of closed capacity is highly unprofitable at [an aluminium] price below 12,000 yuan [US$1,847.90] per tonne [and] thus has little chance to be restarted,” Soloviev said.

He went on to explain that, even if prices rebound in the immediate future, restarting closed capacity would still not be profitable due to tight supply of bauxite and alumina, and the correspondingly inflated prices of same.

In addition to tightening supply, aluminium prices have risen by ten percent in the previous month to a six-month high of US$1,635 per metric ton. China also has had a drop in the addition of capacity for four straight years up through 2014, according to analysts at Haitong Securities.

“With alumina price rebounding from the trough, the implementation of fees charged by grid operators on grid-connected power plants owned by [smelters], and power plant facilities upgrades to meet more stringent pollution reduction requirements, [mean that] aluminium production costs will rise,” said Haitong Securities in a report. “With supply slightly tight, aluminium price is set to continue its rebound.”

However, according to a China International Capital Corp. report, China’s plant utilization rate ran at only 75% capacity in 2015, with 12.5% of it consisting of idled or curtailed capacity.

China’s excess capacity problem is “structural rather than cyclical,” according to Soloviev, and fueled by cheap financing and government subsidies over the past several years.
“This is a vicious cycle: while volumes increase, prices and margins fall,” he explained. “This makes it impossible to invest in innovation or create new high-end products … the best solution would be to keep four to five large players [by consolidating] the industry.

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