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...
Grow with
AL Circle
On Tuesday, June 17, LME aluminium opened at US$2,508 per tonne, reached a high of US$2,520 per tonne, a low of US$2,470 per tonne, and closed at US$2,495.50 per tonne, down US$12 per tonne, a decrease of 0.48 per cent. On Tuesday, June 18, LME aluminium cash bid price and LME aluminium official...
Rio Tinto will invest US$165 million (CA$226 million) in its Grande-Baie aluminium smelter to refurbish two anode baking furnaces that have reached the end of their useful life. The company will also carry out feasibility studies for the eventual replacement of the scrubbers and overhead bridge...
On June 18, 2024, the Shanghai Metal Market (SMM) has reported that the price of A00 aluminium ingot stands at RMB 20,350 per tonne, marking a slight dip of RMB 30 per tonne or 0.15 per cent from the previous trading session. In USD terms, this price is approximately $2,797.56, excluding VAT. This...
The Malaysian financial services firm Kenanga Investment Bank Berhad Research has upgraded the building materials sector to an 'Overweight' rating, primarily influenced by its recent reassessment of sector heavyweight Press Metal Aluminium Holdings Bhd. Press Metal Berhad is a Malaysian-based...
The previous trading day, LME aluminium opened at US$2,519.5 per tonne, reached a high of US$2,523.5 per tonne, a low of US$2,476.5 per tonne, and closed at US$2,507.5 per tonne, down US$15.5 per tonne, a decrease of 0.61 per cent. On Monday, June 17, both LME aluminium cash bid price and LME...
According to a report on June 18, some global aluminium producers sought a premium of $185-190 per tonne from Japanese buyers for July-September primary aluminium shipments. The news came after three people directly involved in quarterly pricing talks said. Compared to the second quarter’s premium...
According to the Shanghai Metals Market survey, aluminium billet inventories in China stood at 162,800 tonnes on Thursday, June 13, indicating a week-on-week decline of 3,600 tonnes. But on a year-on-year basis, the inventories rose 21,300 tonnes, standing at a high level for the same period in...
According to the International Aluminium Institute survey, primary aluminium production in Western & Central Europe and Russia & Eastern Europe fell month-on-month in April 2024 but recorded a year-on-year rise. Closer view of Western & Central Europe’s output The IAI data revealed that primary...
China's aluminium production reached an all-time high last month as smelters resumed operations, potentially setting the stage for further price declines following a two-year peak in May. Improved hydropower reserves in Yunnan Heavy rains have replenished hydropower reserves in Yunnan, enabling...
China’s domestic aluminium market has been facing a considerable fluctuation, resulting in a continuous decline in aluminium prices. According to the Shanghai Metal Market (SMM), A00 aluminium ingot price has registered a fall of RMB 180 per tonne over the weekend to stand at RMB 20,380 per tonne....
In a strategic move to meet burgeoning industrial demand, the Southern African nation, the Zimbabwean government, has unveiled plans to amplify lightweight metal production through aluminium beneficiation. Recognising aluminium's pivotal role across diverse sectors—from automobiles to packaging and...
The previous trading day, LME aluminium opened at US$2,539 per tonne, reached a high of US$2,552.5 per tonne and a low of US$2,502 per tonne, and closed at US$2,523 per tonne, down US$21.5 per tonne, a decrease of 0.84 per cent. On Friday, June 14, both LME aluminium cash bid price and LME...
The Indian multinational mining and metal company Vedanta Group has unveiled a strategic roadmap to achieve a $10 billion EBITDA, underpinned by the execution of over 50 projects spanning multiple business verticals, as reported by ET Now Digital. This bold plan was disclosed during site visits...
Vedanta Limited, an Indian multinational mining company, has increased its aluminium selling prices with effect from Friday, June 14, following a cut on June 12. This move is in line with the global aluminium benchmark price on the London Metal Exchange (LME), which escalated on June 13. With...
The market for aluminium ingot has experienced a major adjustment across various regions in China on Friday, June 14. According to the Shanghai Metal Market (SMM) survey, A00 aluminium ingot price has recorded at RMB 20,560 per tonnes, reflecting a decrease of RMB 100 per tonne following a downfall...
According to a Japanese integrated trading and investment business conglomerate, Marubeni Corporation, aluminium stocks at Japan’s three major ports stood steady in May 2024 compared to the previous month, but recorded a sharp fall from a year ago. Stocks increased in May following M-o-M downfall...
LME aluminium opened at US$2,566 per tonne in the previous trading day, with the highest point at US$2,591 per tonne, the lowest point at US$2,528.5 per tonne, and closed at US$2,544.5 per tonne, a drop of US$24.5 per tonne, or 0.95 per cent. On Thursday, June 13, both LME aluminium cash bid price...
In May 2024 (31 calendar days), China's domestic aluminium production was 3.637 million tonnes, an increase of 3.47 per cent M-o-M from 3.515 million tonnes and a hike of 4.61 per cent year-on-year. The rise in output during May 2024 was primarily driven by the resumption of aluminium plants in...
