LONDON (Commodity Online): Global aluminium market surplus in 2013 is expected to be at 1 mn ton from 1.2 mn ton previously estimated as Chinese market has moved into a modest deficit in Q2, driven by production cuts amounting to as much as 1Mty capacity by mid-May, stated London based Barclays in its recent market analysis.

Rubber swung between losses and gains as the yen erased its advance against the dollar today before a policy decision from the Bank of Japan.

Vietnam is predicted to have a developed titanium mining industry thanks to its rich resource of titanium ores.

Gold futures may rebound to $1,500 an ounce in June after hitting a “double bottom” yesterday, according to technical analysis by R.J. O’Brien & Associates.

Imports of refined copper by China, the biggest user, declined in April to the lowest level since June 2011, while exports fell for the first time in eight months.

Copper may rise almost 10 percent to as much as $8,000 a metric ton if it climbs above May’s high of $7,480, according to technical analysis by Marex Spectron Group.

The contract for delivery in October on the Tokyo Commodity Exchange gained 0.6 percent to settle at 289.5 yen a kilogram ($2,823 a metric ton), the highest level at the close since May 13. Futures pared this year’s loss to 4.3 percent.

SINGAPORE (ICIS)--Asia will be exporting huge volumes of toluene to the US in May and June, easing the long supply in the region, which may curb the recent fall in prices, market sources said on Friday.