Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 24,000 per tonne, down RMB 190 from yesterday's settlement price, a decline of 0.79 per cent. It opened at RMB 24,100.00 per tonne during the day and fluctuated within a range of RMB 23,920-24,100 per tonne. The price traded below...
LME aluminium prices recorded a sharp decline on September 11 compared with the previous trading day, with cash and three-month prices falling by around 2%, while exchange stocks edged lower. The LME aluminium cash bid price slipped to USD 3,273 per tonne on September 11, compared with USD 3,342...
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The previous trading day, LME aluminium opened at US$2,500 per tonne, reached a high of US$2,513 per tonne, a low of US$2,491 per tonne, and closed at US$2,497 per tonne, down US$6 per tonne, a decrease of 0.24 per cent. On Tuesday, June 25, both LME aluminium cash bid price and LME aluminium...
On Tuesday, June 25, China’s A00 aluminium ingot price dropped by RMB 60 per tonne to settle at RMB 20,200 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. The average prices may orbit between RMB 20,180 per tonne and RMB 20,220 per...
The previous trading day, LME aluminium opened at US$2,510.5 per tonne, hit a high of US$2,531 per tonne and a low of US$2,495.5 per tonne, and closed at US$2,497.5 per tonne, down US$16 per tonne, a decrease of 0.64 per cent. On Monday, June 24, both LME aluminium cash bid price and LME aluminium...
Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, announced a historical milestone. The company reached an impressive safety milestone on June 22 by completing 20 million working hours without a Lost Time Injury (LTI). This accomplishment highlights Alba's steadfast...
On Monday, June 24, China’s A00 aluminium ingot price has slumped by RMB 150 per tonne to settle at RMB 20,260 per tonne, with the spot contract price expected to be traded at a discount price of RMB 80 to RMB 40 per tonne. The average price for the same day is likely to orbit between RMB 20,240...
The previous trading day, LME aluminium opened at US$2,522.5 per tonne, hit a high of US$2,537.5 per tonne and a low of US$2,501 per tonne, and closed at US$2,513 per tonne, down US$8 per tonne, a decrease of 0.32 per cent. On Friday, June 21, both LME aluminium cash bid price and LME aluminium...
China Hongqiao, a global leader in aluminium production with an annual capacity exceeding 6 million tonnes, is proud to announce the launch of the groundbreaking Hongqiao Smart Aluminium AI & L Model Development Project. This initiative, in collaboration with Guoke Interconnect and the Beijing...
Two prominent figures in the aluminium industry, Malaysian business magnate Koon Poh Keong and Chinese billionaire Song Zuowen, are deepening their collaboration, as reported by Forbes. This multi-million-dollar agreement involves an exchange of ownership stakes in their respective aluminium firms,...
The upstream aluminium sector, encompassing bauxite, alumina, and primary aluminium) recorded some significant milestones this week in terms of production, trading, inventories, and market developments. Some of the key highlights of the week are: China’s 2-year high production, world’s primary...
In May 2024, the world's primary aluminium production experienced a month-on-month increase of 3.86 per cent to repossess the 6 million tonnes level. This monthly growth in May followed a decline in April by 3 per cent from 6.089 million tonnes to 5.906 million tonnes. According to the latest data...
According to the Shanghai Metals Market survey on June 21, A00 aluminium ingot price in China has suffered a loss of RMB 40 per tonne after two consecutive days of rise, settling at RMB 20,410 per tonne at the end of the week. The average prices are expected to range between RMB 20390-20430 per...
On Thursday, June 20, three-month LME aluminium contract opened at US$2,493 per tonne, reached a high of US$2,525.50 per tonne and a low of US$2,491 per tonne, and closed at US$2,521 per tonne, up US$31.50 per tonne, an increase of 1.27 per cent. On the same day, LME aluminium cash bid price and...
According to the latest data revealed by the Iranian Mines and Mining Distribution Development and Renovation Organization (IMIDRO), Iran’s aluminium ingot production during the first two months of FY2024-2025 (March 20-May 21) saw a slight drop of 0.44 per cent year-on-year. From 112,767 tonnes in...
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has mirrored the same growth as the previous day. It has increased by RMB 50 per tonne to reach RMB 20,450 per tonne, marking the second consecutive day of rise. The average prices are expected to range...
On the previous trading day, LME aluminium opened at US$2,495 per tonne, reached a high of US$2,520 per tonne, a low of US$2,484 per tonne, and closed at US$2,489.5 per tonne, down US$6 per tonne, a decrease of 0.24 per cent. On Wednesday, June 19, both LME aluminium cash bid price and LME...
Have you blocked your calendar for Asia's biggest trade show for the aluminium industry and its ancillary sectors? Yes, we mean Aluminium China, and if you're yet to plan for it, here's a gentle reminder! Aluminium China, bringing industry stalwarts under one roof, is set to occur on July 3-5,...
In line with global efforts to combat climate change, the European Union has introduced a significant measure—the Carbon Border Adjustment Mechanism (CBAM), designed to regulate the import of carbon-intensive products, such as aluminium, by charging a tariff based on the emissions produced during...
The latest Shanghai Metals Market (SMM) data reveals a mixed scenario in the aluminium market with today’s price for A00 aluminium ingot showing a slight rise of RMB 50 per tonne to RMB 20,400 per tonnes . The average prices are estimated to range between RMB 20,380 per tonne and RMB 20,420 per...
