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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... SHFE aluminum contract fell sharply to below RMB 16,800/mt after opening at USD 17,150/mt due to profit-taking from longs, and slipped again after slight rebound. Slipping pace of SHFE aluminum contract slowed to certain extent, with price finally closing at RMB 16,995/mt, ....
... LME aluminum market opened at USD 2,560/mt overnight, reaching the highest at USD 2,575/mt, setting a new high, but later slipping to close at USD 2,541/mt, down by USD 20/mt or down by 0.78%. LME aluminum inventories were down by 375 m to 709,450 mt. ....
...Luanda, Angola, 8 Feb - Angola will soon have an aluminium foundry, the director of Hydro Aluminium Angola, Gustav Saatad said Monday in Luanda during the 1st National Conference on Clean Energy...
...Equities research analysts at Zacks Investment Research upgraded shares of Noranda Aluminum Holding Co. (NYSE: NOR) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday...
...The actions taken in Caracas by union leaders of CVG Venalum, a Venezuelan basic industry, were unsuccessful. Demonstrations mounted in the aluminum smelter on Monday and workers blocked the access gates of the plant. As a result, operations remain at a minimum level. ..
...Thermo Fisher Scientific has announced the launch of an improved method for the ultra-fast analysis of inclusions in aluminum using optical emission spectroscopy...
...Russian aluminum giant RusAl announced on Tuesday seven candidates for nomination to the Board of Directors of the Norilsk Nickel mining company ahead of an extraordinary general meeting on March 11...
...The government may conduct an open tender to determine the operator of aluminum producer PT Inalum if its intention to take over the company in 2013 goes as planned...
...For today market is looking for the support at 115.6, a break below could see a test of 115.4 and where as resistance is now likely to be seen at 116, a move above could see prices testing 116.1...
...There was further good news for the company’s Casting Operations, which produced more than 1Mt of finished aluminium products for the second consecutive year...
...Russia exported 3.34 million metric tons of primary aluminum in 2010, 7.1% less than in 2009, the federal customs service reported Tuesday...
...China aluminum mining Industry, 2011 is valuable for anyone who wants to invest in the aluminum mining industry, to get Chinese investments; to import into China or export from China, to build factories and take advantage of lower costs in China, to partner with one of the key Chinese corporations, to get market shares as China is boosting its domestic needs; to forecast the future of the world economy as China is leading the way...
.....ET reported that Indian aluminum traded 0.13% lower in futures trade after speculators offloaded their positions, taking weak cues from global markets.
...Reuters reported that increasing shipments of aluminum are likely to arrive in European ports and limit the potential for price rises as financing deals for storing the metal lose their lustre...
...Emerging bauxite exploration and development company, Australian Bauxite Limited (ASX:ABZ) (ABx) has received laboratory results from the last 14 holes drilled at its Binjour project located between Gayndah and Mundubbera, south of Gladstone in central Queensland...
... SHFE three-month aluminum contract prices rebounded to RMB 17,000/mt and once hit RMB 17,145/mt boosted by other metal prices, and finally closed at RMB 17,130/mt, up RMB 235/mt from the previous trading day. ....
... LME aluminum prices to open at USD 2,541/mt and hit a yearly high at USD 2,573/mt. LME aluminum prices fell slightly at the end of trading and finally closed at USD 2,561/mt, up USD 4/mt from the previous trading day. Total inventories grew significantly by 31,650 mt to 4562,625 mt. ....
... Khaleej Times reported that Europe is gaining a bigger share of the Gulf’s aluminium exports currently accounting for approximately 150,000 tonnes of the region’s annual aluminium sales. ...
