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....
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The SMM A00 aluminium ingot price graph has marked declining aluminium prices after recording a high rate of RMB 19,480 per tonne on January 2, at the beginning of the year. Since then, the aluminium price has been slowly dampening, finally stopping at RMB 18,890 per tonne on January 18, today,...
LME aluminium opened at US$2,215 per tonne on Wednesday, with high and low at US$2,217 per tonne and US$2,175 per tonne, respectively, before closing at US$2,176 per tonne, a drop of US$24 per tonne or 1.09 per cent. On Wednesday, January 17, both LME aluminium cash bid price and LME aluminium...
The leading Anglo-Australian mining giant Rio Tinto, with a strategic move, is selling its Lake MacLeod salt and gypsum operations to Leichhardt Industrials Group for $251 million. The sale is an open avenue for Rio Tinto to boost its portfolio, aiming to amplify operational efficiencies at its...
Yunnan Aluminum Haixin Alloy conducted the trial production of its much-awaited aluminium square bar A356.2 (K-84). At the dawn of the New Year, the company also marked successful mass production of Liufeng A356.2-Sr and A356.2 (K-3). Presently, the Alloy Division boasts an independent production...
LME aluminium opened at US$2,201.5 per tonne on Tuesday, with high and low at US$2,217.5 per tonne and US$2,195 per tonne, respectively, before closing at US$2,214 per tonne, a drop of US$1.5 per tonne or 0.07 per cent. On January 16, the London Metal Exchange price chart displayed an ascending...
On January, Wednesday 17, China’s A00 aluminium ingot price hiked by RMB 60 per tonne to close at RMB 19,000 per tonne, with the average prices standing between RMB 18,980 per tonne and RMB 19,020 per tonne. The spot contract price may be traded at a premium price of RMB 80 per tonne to RMB 120 per...
The SMM A00 aluminium ingot price has dropped RMB 80 per tonne, resting at RMB 18,940 per tonne. The average prices have ranged between RMB 18,920 per tonne and RMB 18,960 per tonne. If we consider the SMM aluminium price on January 9, there can be seen a Week-on-Week slump of RMB 160 per tonne or...
LME aluminium opened at US$2,221.5 per tonne yesterday, with high and low at US$2,230 per tonne and US$2,198 per tonne, respectively, before closing at US$2,200 per tonne, a drop of US$15.5 per tonne or 0.70 per cent. On Monday, January 15, LME aluminium cash bid price and LME aluminium official...
LME aluminium opened at US$2,239 per tonne last Friday, with high and low at US$2,245 per tonne and US$2,206 per tonne, respectively, before closing at US$2,215.5 per tonne, a drop of US$19.5 per tonne or 0.87 per cent. The London Metal Exchange price chart, on January 12, registered a downward...
On Monday, January 15, China’s A00 aluminium ingot price opened the week with a fall of RMB 110 per tonne to settle at RMB 19,020 per tonne. As per the data, a decline of RMB 140 per tonne was witnessed W-o-W from RMB 19,160 per tonne recorded on January 8 . As of today, the spot contract price is...
The primary aluminium sector has been packed with several significant advancements this week. PT Indonesia Asahan Aluminium (Persero), or Inalum, is about to expand its aluminium smelter in Kuala Tanjung, North Sumatra and initiate the second act in the Smelter Grade Alumina Refinery (SGAR) in...
In the crucible of the aluminium industry, where molten dreams of progress and innovation are cast, Russia's juggernaut, Rusal, stands as an imposing titan beyond the shadow of China. A recent blaze at the Krasnoyarsk smelter, a pivotal bastion in Rusal's colossal arsenal, briefly threatened the...
LME aluminium opened at US$2,234 per tonne on Thursday, with high and low at US$2,252 per tonne and US$2,229.5 per tonne, respectively, before closing at US$2,235 per tonne, unchanged from the previous trading day. On Thursday, January 11, both LME aluminium cash bid price and LME aluminium...
A dramatic shift in the origin of aluminium stockpiled in the London Metal Exchange (LME) warehouses has taken place, with Russian metal now dominating the stocks. At the end of December 2023, a staggering 90 per cent of the aluminium stored in the LME was of Russian origin, according to the...
On Thursday, January 11, China’s A00 aluminium ingot price dropped by RMB 110 per tonne to halt at RMB 19,100 per tonne, with the spot contract price expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The average prices may stand between RMB 19,080 per tonne and RMB 19,120 per...
LME aluminium opened at US$2,243.5 per tonne on Wednesday, with high and low at US$2,258.5 per tonne and US$2,230.5 per tonne, respectively, before closing at US$2,235 per tonne, a drop of US$7 per tonne or 0.31 per cent. On Wednesday, January 10, both LME aluminium cash bid price and LME aluminium...
According to the Shanghai Metals Market data, China’s aluminium production in the last month of 2023 (31 days) registered a month-on-month increase of 2.12 per cent and a year-on-year rise of 3.6 per cent to reach 3.562 million tonnes. However, the average daily domestic output dropped by 1,400...
According to a report published by S&P Global, an American publicly traded corporation headquartered in Manhattan, the European aluminium billet market labelled 2023 a year of demand deflation and hesitant purchases. A buyer said the poor demand for aluminium billet was due to a depressed...
