Futures: SHFE aluminium closed at RMB 22,530 per tonne, rebounding 1.1 per cent. Despite the positive close, prices remained under pressure below all key moving averages (MA5=22,727, MA60=23,633), with the medium-term bearish alignment intact. MACD indicator lines (DIF=-244.16, DEA=-188.68) operated below the zero axis, but the green bars narrowed significantly to -110.96 (previous day -150.62), indicating a marked weakening of bearish momentum and initial signs of a technical bottom divergence repair. Trading volume expanded to 101,500 lots, suggesting capital inflows at the bottom. The recommended core trading range for SHFE aluminium is 22,000-22,800. LME aluminium closed at USD 3,078.5 per tonne, surging 2.02 per cent. Prices rebounded strongly, reclaiming MA5 (3,061.5), MA10...
Russian-origin metal made up almost all available aluminium stocks in London Metal Exchange (LME) warehouses at the end of October (99.98 per cent), with Indian-origin aluminium accounting for the remaining 50 tonnes, according to exchange data. Total available, or on-warrant, aluminium inventories declined 4 per cent month on month to 216,950 tonnes, their lowest level since March 2025. Russian-origin stocks fell by 9,725 tonnes to 216,900 tonnes during October, but their share of available inventories remained almost unchanged. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " Although Russian aluminium produced before April 13, 2024, remains...
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... Goldman Sachs notes a recent recovery in primary aluminium production has driven an equally sharp improvement in demand for metallurgical grade alumina. The stockbroker estimates demand in 2010 was 87.6 million tonnes, forecasting this will increase to 111.2 million tonnes in 2015. ....
... SHFE 1104 aluminum contract prices fell to an intraday low of RMB 17,020/mt in the morning session after opening slightly lower at RMB 17,080/mt. Later, SHFE 1104 aluminum contract prices climbed to RMB 17,150/mt ....
... LME aluminum prices climbed continuously after opening at USD 2,510/mt, and finally closed at an intraday high of USD 2,524/mt, up USD 28/mt compared with the previous trading day. LME aluminum inventories fell by 4,725 mt to 4,594,725 mt. ....
...State-run aluminum company CVG Industria Venezolana de Aluminio CA began full operations again last night after a strike was resolved, Mining Minister Jose Khan said...
...ET reported that India's state run National Aluminium Company Limited has issued a tender to export 7,500 tonnes of aluminium ingots. The official, who is close to the tendering process, said that the last date for submission of bids is February 15th 2011...
...Russian nickel and platinum group metals producer Norilsk Nickel has revised its offer to buy a stake held in itself by Russian aluminum producer Rusal, and is now willing to buy a 20% stake for $12.8 billion in cash, Norilsk said Friday...
...Russia's United Company RUSAL Plc (0486.HK: Quote) (RUAL.PA: Quote), the world's largest aluminium producer, said on Monday it plans to lift aluminium production by 2 percent in 2011 to meet rising demand...
...BS reported that four years after buying Novelis, a company 3 times its size, Hindalco is now banking on the Atlanta headquartered aluminum rolling and recycling major to fund its INR 23,000 crore expansion plan in India...
...Man Aluminum Limited has announced the Financial Results for the Quarter ended December 31st 2010...
...Reuters reported that South Korea is seeking 4,000 tonnes of high grade London Metal Exchange registered primary aluminum ingot via tenders to close on February 17th 2010...
...Reuters reported that the annual rate of primary US aluminum production rose 7.0% to 1,784,850 tonnes in January from 1,668,262 tonnes in January 2010 and was up 1.3% from December's annual rate of 1,761,667 tonnes...
...Russia's United Company RUSAL Plc, the world's largest aluminium producer, said on Monday it sees steady output growth in 2011, driven by strong demand from China and a rebound in North America...
...The Australian Workers Union is urging the owners of the Kurri Kurri aluminium smelter to look at voluntary rather than forced redundancies as part of an efficiency drive...
... LME aluminum prices opened at an intraday high of USD 2,512/mt, and later fell continuously to below USD 2,500/mt, with prices finally closing at USD 2,496/mt, down USD 42/mt compared with the previous trading day. ....
... SHFE 1104 aluminum contract opened slightly higher at RMB 17,065/mt and closed at RMB 17,090/mt, up by RMB 55/mt, or up by 0.32% from a day earlier, ... SHFE aluminum was the only base metal reporting gains on February 11th. SHFE aluminum positions increased to around 60,000 lots, with a large amount of positions shifting to SHFE 1105 ....
... of primary aluminium or around 7% of total global production, ... The ability of the Gulf to meet global demand for aluminium will take ...
... While healthy demand for exports has supported aluminium demand , ... for primary aluminium shipments to Japan for the April-June period. ...
...The annual rate of US primary aluminum production was 1,784,850 mt in January, an increase of 7% over the January 2010 rate of 1,668,262 mt, the Aluminum Association trade group said Thursday...
