Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 23,990 per tonne, down RMB 15 from yesterday's settlement price, a decline of 0.06 per cent. It opened at RMB 23,995 per tonne during the day and fluctuated within a range of RMB 23,950-24,055 per tonne. Prices traded below the MA5...
The London Metal Exchange (LME) aluminium price reported improvements, rising above 1 per cent across the pricing segment, followed by modest gains in contracts on the September 14 close, recovering from the downward trend reported at the September 13 session . The LME aluminium cash bid and offer...
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On Monday, November 27, China’s A00 aluminium ingot price has grown by RMB 70 per tonne to clock at RMB 18,890 per tonne. The average prices are expected to stand between RMB 18,870 per tonne and RMB 18,910 per tonne, with the spot contract price expected to be traded at a discount price of RMB 40...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China with a production of more than 1.548 million tonnes per annum, has reportedly achieved a 4-star audit rating for health and safety practices at its smelter. Alba has emerged as the first smelter in the Gulf countries to...
In November 2023, the economic environment in France witnessed a renewed decline, signalling a deepening concern for the prospective business landscape in the months ahead, as reported by ING Think. The euro zone's second-biggest economy anticipated growth is poised to decelerate. Concurrently, the...
Africa’s primary aluminium production has exhibited an oscillating trend over the past ten months of 2023. Although the output in October encountered a significant rise of 4.5 per cent, reaching 139,000 tonnes compared to the previous month, yet it could not beat the last year’s production....
China's aluminium imports increased for the fifth straight month in October, according to customs statistics published on November 18, 2023. The increase is attributable to increased purchasing appetite, driven by strong demand and forecasts of lower supply in the local market. Chinalco Materials...
Chongqing Guochuang Light Alloy Research Institute carried out the first trial run of its aluminium ingot casting project. The multifunctional melting and casting platform is outfitted with 16t melting and casting units, including a tilting side well-melting furnace, a hydraulic tilting static and...
A report states that Saudi Arabia aims to double its investments in the aluminium industry to become one of the top ten aluminium producers in the world. So far, the country has infused at least $12 billion into various aluminium projects to expand its production capacity. In early 2023, Saudi...
The Shanghai Metals Market, on November 24, marked a slight digression in aluminium prices, with the SMM A00 aluminium ingot price rising by RMB 10 per tonne to close at RMB 18,820 per tonne. The average aluminium prices have hovered between RMB 18,800 per tonne and RMB 18,840 per tonne. If the SMM...
LME aluminium opened at US$2223 per tonne in the previous trading day, with its low and high at US$2215 per tonne and US$2233 per tonne, respectively, before closing at US$2222 per tonne, up US$0.5 per tonne or 0.02 per cent. On Thursday, November 23, both LME aluminium cash bid price and LME...
Companhia Brasileira de Alumínio (CBA), the largest aluminium producer in Brazil with a total production capacity of around 480,000 tonnes, announced its third-quarter results of 2023, ended September 30, reporting a 13 per cent growth in sales volume to 119,000 tonnes. The company’s primary...
The past three years have been very crucial for the European aluminium industry, beginning with the COVID-19 pandemic and lockdown in 2020, which rocked the global trade economics to a certain extent. As the world was gradually recuperating from the production crisis and demand delay, in February...
Aluminium Bahrain B.S.C. (Alba)’s Chief Executive Officer Ali Al Baqali paid his visit at the Arab International Aluminium Conference (ARABAL), leading the company’s delegation. ARABAL is the Middle East’s premier trade event for the aluminium industry, combining a strategic conference with an...
On Thursday, November 23, China’s A00 aluminium ingot has dropped by RMB 70 per tonne to clock at RMB 18,810 per tonne, with the average prices standing between RMB 18,790 per tonne and RMB 18,830 per tonne. The spot contract price may be traded at a discount price of RMB 30 to a premium price of...
On November 22, the LME aluminium live price chart experienced mixed price trends, with the LME aluminium cash bid price and the LME aluminium official price shedding US$7 per tonne or 0.32 per cent to officially close at US$2,194 per tonne and US$2,194.50 per tonne. When the LME aluminium price on...
The Implementation Plan for Carbon Peak in the Industrial Field of Guangxi Zhuang Autonomous Region proposes a series of measures to reduce carbon emissions and promote efficient and sustainable development of the non-ferrous metal industry. The plan aims to strictly control the smelting capacity...
The Russian and Italian governments have shared a long-term partnership. A significant role has been played by Italian architects in the development of St. Petersburg, the Russian port city on the Baltic Sea. It was not until February 1924 that direct relations were officially established. In...
The world's primary aluminium production in October 2023 experienced a month-on-month rise after a fall in the previous month, found the International Aluminium Institute. Data shows the output recorded an increase of 3.29 per cent from 5.921 million tonnes in September to 6.116 million tonnes in...
LME aluminium opened at US$2244.5 per tonne in the previous trading day, with its low and high at US$2233.5 per tonne and US$2264 per tonne, respectively, before closing at US$2255.5 per tonne, up US$11.5 per tonne or 0.51 per cent. On Tuesday, November 21, both LME aluminium cash bid price and LME...
