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...
Grow with
AL Circle
... SHFE 1104 aluminum contract prices opened high at above the 60-day moving averages on Monday, and rallied all the way along with rising prices of other base metals and strengthening stocks prices. Finally, SHFE 1104 aluminum contract prices closed at a daily high level of RMB 16,925/mt. ...
... LME aluminum prices. LME aluminum market opened at USD 2,486/mt, and then moved higher, rising above USD 2,500/mt during the session, and finally closed at USD 2,519/mt, up USD 49/mt, or a gain of 1.98%. LME aluminum inventories were down by 3,450 mt to 4,521,225 mt. ....
...Lanjigarh (Orissa), Jan 30 (PTI) Even as its proposedRs 15,000 crore university project hit roadblocks, Vedantagroup today said they will set up a state-of-the-art sciencecollege near its alumina refinery here...
...Mr Klaus Kleinfeld CEO of Alcoa Inc said that it expects demand for the metal to double by 2020 driven by consumption in Asia, Brazil and the Middle East...
...Mike Tanchuk attributes revitalization of the aluminum industry to changing lifestyles around the globe. Ormet Corp.'s president and chief executive officer disclosed last week that the firm expects to be operating at full capacity again by early March. Five of the six potlines at its Hannibal Primary Aluminum Reduction Plant already are in operation, with more than 1,000 employees on the job. The sixth potline also could be online soon...
...Aluminum Corporation of China Ltd (Chalco) (2600.HK: Quote), the country's largest producer of the light weight metal, said it plans to raise up to 9 billion yuan ($1.37 billion) from a private placement of new shares to be listed in Shanghai...
...During Q3, copper cathode production at the Tuticorin smelter was 7% lower at 79,000 tonnes due to a temporary shutdown following the High Court order issued at the end of September 2010...
...Global aluminum supply will exceed demand by 5.6 percent this year, spurring lower prices, as idled smelters restart and new capacity comes on-stream, Japan’s third-largest trading house said...
... LME aluminum prices rebound strongly, and LME aluminum prices climbed continuously after opening at USD 2,460/mt, with the highest prices reported at USD 2,473/mt, and finally closed at USD 2,470/mt, up USD 43/mt ....
... The U.S. Midwest aluminum premium over the London Metal Exchange (LME) cash price has steadied in the first few weeks of the year, even as domestic demand paused to catch its breath from 2010's strong finish...
...Shares of Aluminum Corporation of China (NYSE: ACH) are lower on the session by 0.20%, trading at $24.72. Overall put volume is now running at 7.36x the daily average, with 47% of all puts traded being purchases on the offer. 2,364 contracts have traded on the session so far...
...Demand for U.S. and Canadian aluminum products, measured as shipments from domestic producers plus imports, jumped 11 percent in November from a year ago, but eased 2.5 percent from October, an aluminum industry group said in its latest report...
... Guangdong Dongyangguang Aluminum (600673) intends to improve its chemical industry chain through new joint venture (JV) companies, reports Shanghai Securities News...
...The Aluminium Market Analysis, Financials and Forecasting 2011-2016 analyzes this dynamic commodity and reveals prevailing trends and anticipates the progression in the global aluminum industry over the next five years...
...The domestic and international supply of aluminium from Rio's Boyne Island smelter was disrupted in early January, with the company declaring a force majeure as the result of the floods which devastated Queensland and parts of northern NSW...
...Jilin Liyuan Aluminum (002501) won an aluminum sales contract from Japanese MITSUI Metal Material, reports Shanghai Securities News, citing a company filing. According to the contract, Liyuan Aluminum will provide about 100 tons of aluminum products to MITSUI Metal Material per month in 2011...
...Spetember to October 2010, Shandong Huayu Aluminum & Power Co.,Ltd submitted four practical and new model patent applications to State Intellectual Property Office. The company received four authorized notices for practical and new model patents provided by State Intellectual Property Office, which marked the company’s submitted patent applications all had been examined...
...Integrated media reported on January 27 the figure announced by International Aluminum Institute (IAI) showed China’s daily average aluminum output rose to 1,246,000 tons in December 2010, more than 1,197,000 tons in November, less than 1,331,000 tons in December 2009...
