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/Images/icons/news-icon.png Primary Aluminium - News
LME aluminium regains strength as dollar weakens, SHFE aluminium moves in a tight range /Images/icons/OpenNewWindowIcon.gif

LME aluminium reversed the temporary drop and regained its upward momentum as the US dollar index weakened further after the release of not-so-inspiring Fed’s May policy meeting minutes. The light metal traded globally closed at US$1,944 per tonne on Wednesday, May 24, risi ...

AlCircle.com
25/May/2017
US Primary aluminium production in March 2017 up 11% MoM; but, down 19% YOY /Images/icons/OpenNewWindowIcon.gif

According to the recently published USGS Mineral Industry Survey for Aluminium in March 2017, domestic primary aluminium production in March 2017 was 63,000 tons, up 11% in comparison to February 2017, but down 19% YOY and 56% less than the production in March 2015. The average d ...

AlCircle.com
24/May/2017
LME aluminium dips after testing resistance at around US$1,947/t, SHFE continues to fall /Images/icons/OpenNewWindowIcon.gif

After picking up pace on news that the OPEC countries may extend their oil output cut agreement, LME aluminium has plunged low on yesterday’s closing as a natural trend after testing resistance at around US$1,947 per tonne. LME aluminium plunged 0.87 per cent from its previ ...

AlCircle.com
24/May/2017
LME aluminium on upward track; SHFE Aluminium plunges on poor market fundamentals /Images/icons/OpenNewWindowIcon.gif

LME aluminium has picked up the pace. The light metal which was trending low a week ago has gained momentum on news that the OPEC countries may extend their oil output cut agreement. LME aluminium rose 0.25 per cent from its previous close of US$1938 per tonne to close at US$1,94 ...

AlCircle.com
23/May/2017
LME aluminium rises sharply before facing a technical correction this week /Images/icons/OpenNewWindowIcon.gif

LME aluminium ended last week on a high. The light metal traded globally jumped to US$1,938 per tonne on Friday, May 19, the highest in the month so far. The 1.73 per cent rise in LME aluminium price from the previous close of US$1,905 per tonne can be partly attributed to the we ...

AlCircle.com
22/May/2017
Press Metal reports jump in Q1 2017 earnings driven by higher output and metal prices /Images/icons/OpenNewWindowIcon.gif

Press Metal Bhd, reported a 57% jump in both revenue and earnings in Q1 2017 driven by higher output coupled with improved metal prices. The company ramped up its aluminium smelting capacity in mid-2016 in order to increase its sales volume. The country’s largest alumini ...

AlCircle.com
20/May/2017
China aluminium output grows to overshadow a shrinking global deficit in Q1 FY2018 /Images/icons/OpenNewWindowIcon.gif

The latest data from Wold Bureau of Metal Statistics (WBMS) showed that the global primary aluminium market was in a deficit in the first quarter of the current calendar year. The deficit however, has narrowed down to 356,000 tonnes from a staggering 1.12 million tonnes in the en ...

AlCircle.com
19/May/2017
LME aluminium price drops to find strong support at US$1,900/t, SHFE aluminium struggles /Images/icons/OpenNewWindowIcon.gif

LME aluminium gave up its recent gains and dropped to US$1,905 per tonne Thursday, May 18, from its previous peak at US$1,928 per tonne on May 17.  The light metal traded globally finds a strong support at US$1,900 per tonne. Shanghai Metals Market (SMM) forecast says LME al ...

AlCircle.com
19/May/2017
India imported about 880 thousand tonnes of petcoke in 2016; USA & China topped the exporter list /Images/icons/OpenNewWindowIcon.gif

The aluminium production process requires up to half a tonne of carbon for every tonne of metal produced. Specifically ‘petroleum coke’ or petcoke, a by-product of the oil refining process, is a significant fuel for the power generation and aluminium smelting industri ...

AlCircle.com
18/May/2017
LME aluminium gathers strength from a weak dollar, analysts show cautious optimism /Images/icons/OpenNewWindowIcon.gif

LME aluminium is inching higher through at a ‘cautiously moderate’ pace. The light metal traded globally closed at US$1,928 per tonne on Wednesday, May 17, up 0.67 per cent from its previous close of US$1,915 per tonne on Tuesday, May 16. LME aluminium gathered suppor ...

AlCircle.com
18/May/2017