LME aluminium prices advanced on October 28, with cash and three-month contracts posting gains. The Asian Reference Price moved lower, while exchange opening stocks and cancelled warrants declined. Alumina Platts prices recorded a stronger increase. The cash bid rose 0.73 per cent to USD 3,100 per tonne from USD 3,077.50 per tonne. The cash offer increased 0.75 per cent to USD 3,101 per tonne on October 28 from USD 3,078 per tonne previously. Three-month aluminium prices also moved higher. The bid climbed 0.70 per cent to USD 3,083.50 per tonne from USD 3,062 per tonne, while the offer advanced 0.65 per cent to USD 3,084 per tonne from USD 3,064 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market...
Copper could climb towards USD 16,000 per tonne over the next six to 12 months, while aluminium may offer a shorter-term trading opportunity following its recent correction, according to Navneet Damani, senior group vice-president and head of research for commodities and currency. Speaking on BusinessLine’s Trending Commodity Picks programme, Damani said copper continued to benefit from supply constraints and demand from emerging industries, while aluminium’s price trajectory had been influenced by fluctuations in energy costs and changing supply conditions. Damani said aluminium had climbed from around USD 3,100 to USD 3,600 per tonne earlier in 2026, supported by increases in electricity, crude oil and coal prices. The metal subsequently corrected towards USD 3,300 per tonne, although...
Grow with
AL Circle
China’s A00 aluminium ingot price has descended by RMB 10 per tonne to settle at RMB 18,910 per tonne as of Thursday, February 8. As per the SMM data, the prices have fallen in all the provinces. To begin with, the prices in Foshan and Gongyi have fallen by RMB 50 per tonne and RMB 10 per tonne to arrive at RMB 18,920 per tonne and RMB 18, 840 per tonne. On the same day, the prices in other regions like Wuxi, Hangzhou and Chongqing decreased by RMB 10 per tonne to clock at RMB 18,910 per tonne, respectively. In Shenyang, Tianjin and Linyi, the domestic aluminium ingot prices have also experienced the same price cut to reach RMB 18,910 per tonne. The low carbon aluminium price has slumped by RMB 52 per tonne to halt at RMB 19,696 per tonne. The price of aluminium alloys (ADC12), aluminium...
Guiyang Institute and Changsha Nonferrous Metallurgy Design and Research Institute Co., LTD., both esteemed members of Chinalco International, recently inked a strategic cooperation agreement. This historic collaboration, marked by a formal signing ceremony, underscores the deep-rooted tradition of cooperation and emotional camaraderie between the two institutes. On January 30, the leadership teams from Guiyang Institute and Changsha Institute, including Changsha Institute Party Secretary Tan Ronghe and Guiyang Institute Party Secretary Yuan Chi, gathered for the signing ceremony. The ceremony, presided over by Yuan Chi, signified a new pinnacle in their enduring partnership. The inception of the collaboration – Strategic goals The agreement solidifies the commitment of Guiyang Institute...
According to the International Aluminium Institute, North America’s primary aluminium production in December 2023 stood at 339,000 tonnes, bringing the output of the fourth quarter to 1.004 million tonnes, up by 2.03 per cent from 984,000 tonnes in Q3. On a year-on-year basis, primary aluminium production in North America during December 2023 edged an increase of 5.61 per cent from 321,000 tonnes, while the output in Q4 reflected a rise of 6.58 per cent from 942,000 tonnes. In the entire year, North America’s primary aluminium production totalled 3.9 million tonnes, up by 4.19 per cent from 3.743 million tonnes in 2022. This hike was primarily driven by the output during the second half of 2023, amounting to 1.988 million tonnes. Compared to 1.908 million tonnes H1 2023, the production in...
China-based Nanhai Aluminum Application Technology Group and three of its subsidiaries have been recognised as the 'National High Tech Enterprises' for 2023. Among these, subsidiaries of Nanhai Aluminum Application Technology Group, namely Guangdong Nanaluminum Construction Formwork Technology Co., Ltd., Guangdong Dingsheng Technology Co., Ltd., and Foshan Yuexin Ban Digital Labor Service Co., Ltd., have successfully attained the designation of "National High-tech Enterprise" following rigorous rounds of assessment. On January 25th, the Office of the Leading Group for the Recognition and Management of National High-tech Enterprises released a notification regarding registering the initial group of high-tech enterprises acknowledged and reported by certification institutions in Guangdong...
Egypt has greenlit substantial investments of nearly 2.9 billion Egyptian pounds ($94 million) in new metal industrial projects for the fiscal year 2023-2024. The initiative, spearheaded by the state-owned Metallurgical Industries Holding Company, aims to finance novel projects and augment production lines across affiliated entities. Egyptalum, the foremost aluminium producer in Egypt, stands at the forefront of this burgeoning development. Bolstering its commitment, the Metallurgical Industries Holding Company has allocated approximately $1 billion to amplify Egyptalum's aluminium production by an impressive 300,000 tonnes annually. Financial Triumphs: Egyptalum's stellar performance The financial landscape of Egyptalum reflects remarkable success in H1 FY2023-24. The net profits after...
LME aluminium opened at US$2,206 per tonne on Tuesday, with its low and high at US$2,203 per tonne and US$2,242 per tonne, respectively, before closing at US$2,229 per tonne, up 1.11 per cent. On Tuesday, February 6, both LME aluminium cash bid price and LME aluminium official settlement price inched up by US$1 per tonne or 0.04 per cent to settle at US$2,184 per tonne and US$2,184.50 per tonne. 3-month bid price and 3-month offer price moved up by US$1 per tonne or 0.04 per cent and US$1.5 per tonne or 0.06 per cent to halt at US$2,220 per tonne and US$2,221 per tonne. As per the London Metal Exchange (LME) price graph , December 25 bid price and December 25 offer price added US$5 per tonne or 0.20 per cent to clock at US$2,450 per tonne and US$2,455 per tonne. On the same day, LME...
According to the Shanghai Metals Market survey, China’s domestic primary aluminium production welcomed the year in January 2024 (31 days) with a month-on-month restraint at 3.562 million tonnes, with the average daily output at 114,900 tonnes, the same as the previous month. On a year-on-year basis, China’s primary aluminium output recorded a 4.2 per cent growth from 3.42 million tonnes , as was predicted by SMM. While announcing the December 2023 output volume, SMM shared an estimate for January 2024 with a production of 3.56 million tonnes. In January, the operating rate of domestic aluminium processing enterprises declined slightly, and so did the output of aluminium billets and other products in the northwest, southwest and other regions. The aluminium liquid ratio in the industry...
On Tuesday, February 6, China’s A00 aluminium ingot price hiked by RMB 40 per tonne to arrive at RMB 18,770 per tonne, with the average prices between RMB 18,750 per tonne and RMB 18,790 per tonne. The spot contract price may be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The domestic aluminium ingot prices have ascended in most of the provinces. To begin with, the price in Chongqing has added RMB 70 per tonne to settle at RMB 18,800 per tonne, followed by a growth of RMB 50 per tonne in Wuxi to halt at RMB 18,780 per tonne. As per the SMM data, the Gongyi, Shenyang and Tianjin prices have gained RMB 40 per tonne to clock at RMB 18,710 per tonne and RMB 18,820 per tonne. In Hangzhou, the domestic aluminium ingot price experienced the same price increase of...
LME aluminum opened at US$2,236.50 per tonne on Monday, with its high and low at US$2,236.50 per tonne and US$2,203 per tonne, respectively, before closing at US$2,204.5 per tonne, down 1.43 per cent. On Monday, February 5, LME aluminium cash bid price plunged by US$25.50 per tonne to reach US$2,183 per tonne, while LME aluminium official settlement price contracted by US$26 per tonne to settle at US$2,183.50 per tonne. The LME aluminium benchmark price marked the third consecutive day of downfall, bringing the price M-o-M down by US$32 per tonne from US$2,215.50 per tonne 3-month bid price and 3-month offer price descended by US$26.50 per tonne, standing at US$2,219 per tonne and US$2,219.50 per tonne, respectively. Both December 25 bid price and December 25 offer price shrank by US$30...
To cope with the shifting operational paradigms of the aluminium industry, Chalco's Zhongrun Aluminium smelter embraced digital twin technology, a first-of-its-kind initiative. SAMI partnered with Bentley to address challenges in design, construction, and data integration. Shenyang Aluminium & Magnesium Engineering & Research Institute (SAMI) collaborated with Bentley Systems, utilising their integrated applications to develop a plant-wide digital twin for Zhongrun Aluminium smelter. This innovative approach significantly reduced modelling time and operational costs. SAMI and Bentley Collaboration - Challenges Faced The project faced tight timelines for design and construction, involving 52 sub-projects and 15 specialisations. SAMI addressed challenges in creating a comprehensive digital...
In the inaugural month of 2024, aluminium prices exhibited a relatively flat trend across both the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). This observed trend aligns with predictions made by industry experts and is corroborated by AL Circle's latest industry-focused report titled "Global Aluminium Industry Outlook 2024." The report forecasts that the first half of 2024 will resemble the dynamics of the preceding year, 2023, with a more optimistic outlook anticipated in the latter part of the year. Furthermore, the report highlights the pivotal role of the transportation sector as the primary driver of aluminium demand. It underscores the critical contribution of aluminium to the transportation industry, emphasising its significance in shaping the industry...
AL Biz is a pioneering force in the global aluminium marketplace, intricately weaving connections between myriad buyers and sellers within the dynamic aluminium value chain. At the heart of their operations lies the essential task of seamlessly uniting customers and sellers through vibrant queries, effortlessly bridging the divide between showcased items and lucrative business opportunities. In the world of aluminium, where versatility is vital, AL Biz recognises the paramount importance of a diverse array of products to cater to the specific needs of consumers, ensuring the delivery of sought-after final products. The aluminium industry necessitates a diverse range of products to meet the specific requirements of consumers and deliver the final products they seek. From graphite...
LME aluminium opened at US$2,247 per tonne last Friday, with its high and low at US$2,253 per tonne and US$2,226 per tonne respectively before closing at US$2,236.5 per tonne, up 0.56 per cent. On Friday, February 2, both LME aluminium cash bid price and LME aluminium official settlement price dipped by US$3.5 per tonne or 0.15 per cent and US$3 per tonne or 0.13 per cent to settle at US$2,208.50 per tonne and US$2,209.50 per tonne. As per the London Metal Exchange (LME) data, both 3-month bid price and 3-month offer price went down by US$5 per tonne or 0.22 per cent to clock at US$2,245.50 per tonne and US$2,246 per tonne. On the same day, December 25 bid price and December 25 offer price slipped by US$10 per tonne or 0.40 per cent to peg at US$2,475 per tonne and US$2,480 per tonne. LME...
On February 5, today, the SMM aluminium A00 ingot price slumped by RMB 180 per tonne to close at RMB 18,730 per tonne, with the average prices ranging between RMB18,710 per tonne and RMB 18,750 per tonne. If we consider the SMM aluminium price on January 5, there can be witnessed a Month-on-Month decrease of RMB 570 per tonne or 2.95 per cent from RMB 19,300 per tonne. China’s low-carbon aluminium price has shed RMB 137 per tonne to close at RMB 19,545 per tonne. China’s eight major provinces The SMM aluminium market in China has shown dampening price trends, with exceptions only in Chongqing and Tianjin, where the prices grew by RMB 10 per tonne, each to close at RMB 18,910 per tonne and RMB 18,950 per tonne. Other than that, high losses of RMB 140 per tonne and RMB 160 per tonne were...
Kloeckner Metals UK has recently inaugurated its cutting-edge stockholding and processing facility at Newbridge Link in the Newbridge Industrial Estate in Edinburgh. With a substantial stock capacity of 5,000 tonnes, comprising aluminium, carbon steel, and stainless steel, combined with Kloeckner Metals UK's extensive processing proficiency, the facility is well-equipped to provide a wide range of sustainable solutions. Opting for a strategic location just 10 miles from the city centre, the company has established the largest metal stockholding and processing warehouse in Scotland, featuring an impressive internal space exceeding 100,000 square feet and an accompanying 11,114 square feet office pavilion. Peter Whiting, CEO of Kloeckner Metals UK, said, "At Kloeckner, we continue to...
On Thursday, February 1, Alcoa Corporation announced its aluminium supply deal with global cable producer Nexans. Alcoa will supply aluminium produced through its breakthrough ELYSIS process that eliminates all direct greenhouse gas emissions from the smelting process. Nexans will be the world’s first cable manufacturer to use aluminium produced from the ELYSIS technology. The technology uses proprietary materials, including inert anodes, first developed at the Alcoa Technical Centre near Pittsburgh. Nexans facilities in Western Europe and Scandinavia will use ELYSIS technology-produced aluminium for their various types of cables, from low to medium to high voltage. Using ELYSIS aluminium will enable Nexans to reduce their carbon footprint across the cable range. This latest deal further...
LME aluminium opened at US$2,274.0 per tonne on Thursday, with its low and high at US$2,244.0 per tonne and US$2,275.6 per tonne, respectively, before closing at US$2,249.0 per tonne, down 1.58 per cent. The London Metal Exchange (LME) market’s official aluminium price graph on February 1 displayed minor setbacks in the rates of ingots, with the LME official cash bid price stopping at US$2,212 per tonne and the LME official settlement price halting at US$2,212.50 per tonne, dwindling by US$19.50 per tonne or 0.87 per cent, respectively. Comparison with January 2024 – Prevailing market conditions The LME aluminium market shows a Month-on-Month descent of US$124 per tonne or 5.3 per cent from the highest recorded price of 2024 on January 2, which was US$2,336.50 per tonne. The overburdening...
On Friday, February 2, China’s A00 aluminium ingot price dipped by RMB10 per tonne to settle at RMB 18,910 per tonne, with the average prices between RMB 18,890 per tonne and RMB 18,930 per tonne. The spot contract price may be traded at a discount price of RMB 40 to a premium price of RMB 0 per tonne. As per the SMM data, the price in Gongyi has gained RMB 50 per tonne to arrive at RMB 18,810 per tonne, followed by a growth of RMB 10 per tonne in Chongqing and Shenyang to settle at RMB 18,910 per tonne and RMB 18,950 per tonne. On the other hand, the price in Wuxi has decreased by RMB 20 per tonne to clock at RMB 18,890 per tonne. In Hangzhou and Linyi, the A00 aluminium ingot prices have lost RMB 10 per tonne, reaching RMB 18,910 per tonne and RMB 18,880 per tonne. The domestic price of...
