A cut in US tariffs on Canadian aluminium alone is unlikely to bring down the elevated Midwest aluminium premium significantly, according to Alcoa CFO Molly Beerman, as the US still relies on imports from other countries to cover a structural supply gap. Speaking at the Jefferies Global Industrials...
Venezuela’s biggest aluminium smelter, Venalum, could be heading for a fresh start as Mercuria Energy Group Ltd. and Glencore Plc explore a potential deal that could bring new investment and operating expertise to the facility that has spent years producing only a fraction of its original capacity....
Grow with
AL Circle
Henan Calgon Carbon Co., Ltd., the foreign trade department of Henan KFCC Carbon Co., Ltd, has recently joined the AL Biz, the world's 1st B2B online marketplace that connects millions of buyers and sellers across the entire aluminium value chain, showcasing its expertise as a leading supplier of...
According to market predictions, most forward-looking commodities markets experienced declining profit margins in 2023. Navigating the uncertainty The tightening of global monetary policies has exerted pressure on the demand for metals, and the widespread supply chain disruptions experienced in...
LME aluminium opened at US$2,261.50 per tonne on Monday, with its low and high at US$2,237 per tonne and US$2,268 per tonne, respectively, before closing at US$2,251 per tonne, down 1.03 per cent. The LME aluminium official price chart on January 29 flashed a slight increase in rates, with the LME...
On Tuesday, January 30, China’s A00 aluminium ingot price dropped by RMB 80 per tonne to settle at RMB 19,010 per tonne, with the average prices between RMB 18,990 per tonne and RMB 19,030 per tonne. As per the data, the SMM aluminium ingot price decreased by RMB 570 per tonne M-o-M from RMB 19,570...
Yunnan Yongshun Aluminium Company successfully launched the 6MW photovoltaic DC connection to power its much-awaited electrolytic aluminium project following the deactivation of vacuum contactors in prefabricated compartments for photovoltaic 1 and 2 DC power routers. This pioneering project...
In December 2023, China’s unwrought aluminium alloy imports stood at 112,900 tonnes, reflecting a slight rise of 1 per cent over a month, showed China customs data. On a year-on-year basis, the December imports edged a hike of 22.3 per cent, bringing the total imports through 2023 to 1.1325 million...
The European Union is contemplating restricting Russian aluminium as part of the 13th sanctions package. In a way to ban Russian aluminium imports, sanctions will be automatically applied against the energy sector given that the latter is a crucial input for the aluminium smelting process. A...
LME aluminium opened at US$2,234.0 per tonne last Friday, with its high and low at US$2,283.0 per tonne and US$2,233.5 per tonne, respectively, before closing at US$2,258.0 per tonne, up by US$26.0 per tonne or 1.16 per cent. On Friday, January 26, both LME aluminium cash bid price and LME...
In the fourth week of the year, the global primary aluminium segment recorded many significant events. To begin with, in 2023, the International Aluminium Institute (IAI) reported a 2.25 per cent annual rise in global primary aluminium production, reaching 70.593 million tonnes by the end of...
The second-largest aluminium smelter in southeast Missouri is set to cut back its operations by January 28, leading to a situation where "most employees" will no longer be necessary, as reported by local news on January 24. The information is sourced from a letter issued by the plant management....
"Securing a 10-year Natural Gas Supply Agreement marks a significant chapter for Alba", remarked Khalid Al Rumaihi, Chairman of the Board at Alba, during the Signing Ceremony held with Bapco Upstream, a wholly-owned subsidiary of Bapco Energies, on January 23, 2024, at Al Dana Hall, Alba. The...
According to the Shanghai Metals Market survey, the domestic A00 aluminium ingot price has surged by RMB 210 per tonne over night to exceed RMB 19,000 per tonne. On Friday, January 26, the week closed at RMB 19,120 per tonne versus RMB 18,910 per tonne on January 25. Thus, on a week-on-week basis,...
LME aluminium opened at US$2,222.50 per tonne yesterday, with high and low at US$2,244 per tonne and US$2,205 per tonne, respectively, before closing at US$2,232 per tonne, up US$10 per tonne or 0.45 per cent. The LME aluminium benchmark price again recorded a decline on Thursday, January 25, after...
Germany is currently experiencing an economic slowdown, and unfortunately, the aluminium industry is not immune to this challenging situation. It faces significant hardships due to elevated energy costs and the overall economic downturn. Rob van Gils, the President of Aluminium Germany (AD),...
The Aluminium Association of Canada (AAC), representing the three Canadian world-class aluminium producers – Alcoa, Alouette, and Rio Tinto - has wholeheartedly accepted the government’s decision to add aluminium to Quebec’s list of critical and strategic minerals. According to AAC, the...
According to the US Census Bureau data, the United States' domestic primary aluminium production showed no change in November 2023 from the previous month, remaining at 61,000 tonnes. However, on a year-on-year basis, the output experienced a 1,000 tonnes fall from 62,000 tonnes. Detailed...
LME aluminium opened at US$2,231 per tonne yesterday, with its high and low at US$2,268 per tonne and US$2,222 per tonne, respectively, before closing at US$2,222 per tonne, down US$10 per tonne or 0.45 per cent. On Wednesday, January 24, both LME aluminium cash bid price and LME aluminium official...
According to the Shanghai Metals Market (SMM) survey, A00 aluminium ingot price has recorded a decline of RMB 70 per tonne on Thursday, January 25, to reach RMB 18,910 per tonne. The average prices are estimated to range between RMB 18,890 per tonne and RMB 18,930 per tonne, with spot contract to...
