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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Despite the enduring crisis in the building and construction sector, the robust demand from China's electric vehicles (EV) and renewable energy (RE) sectors has contributed to an upswing in the demand for aluminium, as reported by ING Think. Chinese aluminium prices have shown more resilience than...
LME aluminum opened at US$2,193.50 per tonne on Thursday, with its high and low at US$2,195.50 per tonne and US$2,178.50 per tonne, respectively, before closing at US$2,190.50 per tonne, an increase of US$1.5 per tonne or 0.07 per cent. On Thursday, October 19, LME aluminium cash bid price and LME...
The Shanghai Metals Market, on October 20, experienced a linear growth in aluminium prices, with the SMM A00 aluminium ingot price discarding RMB 30 per tonne to officially close at RMB 19,080 per tonne. The average prices have circulated between RMB 19,060 per tonne and RMB 19,100 per tonne....
The Shanghai Stock Exchange-listed Chinese company, Mingtai Aluminium, is testing ALLOW INERTIA™, the primary aluminium with the lowest carbon footprint in the world. Mingtai Aluminum became the first company in China to test ALLOW INERTA™ aluminium at its plant, produced using the revolutionary...
According to the Shanghai Metals Market, China’s social inventories of aluminium billet stands at 107,200 tonnes as of Thursday, October 19, reflecting a week-on-week fall of 5,600 tonnes from 112,800 tonnes. From Monday, October 16, inventories fell by 3,000 tonnes from 110,200 tonnes. The fall in...
Change is the only constant thing in life one can be sure about. Change is everywhere, from the weather around us to our daily schedule to even the leadership in a company. Effective leadership plays a crucial role in achieving an organisation's success, given the inevitability of change within the...
The Russian aluminium industry leader is currently evaluating potential shutdown options for a number of its unprofitable facilities due to the combination of low aluminium prices and financial setbacks resulting from the implementation of an "exchange rate" export duty, as reported by Interfax,...
In Q3 2023, Alcoa Corporation delivered noteworthy results, with increased third-party shipments, enhanced cash flow, and significant achievements. Highlights: They increased third-party alumina shipments by 11 per cent and aluminium by 1 per cent sequentially. A cash balance of $926 million was...
Aluminium Bahrain B.S.C. (Alba), one of the world’s largest and smartest smelters, has recorded zero heat-related illnesses and injuries across its operations for the seventh consecutive year in 2023. This is regarded as a remarkable achievement in the aluminium industry. Alba took various means to...
LME aluminium opened at US$2,180 per tonne on Wednesday, with its high and low at US$2,199 per tonne and US$2,178.5 per tonne, respectively, before closing at US$2,189 per tonne, an increase of US$12 per tonne or 0.55 per cent. The LME aluminium live price chart on October 19 witnessed heightening...
Shenyang Aluminum and Magnesium Institute Technology Company (SAMTC) recently completed the wireless communication project for the multifunctional crown block at Shaanxi Nonferrous Yulin Electrolytic Aluminium Factory. The project utilized a new generation of industrial communication technology,...
On Thursday, October 19, China’s A00 aluminium ingot price gained RMB 90 per tonne to clock at RMB 19,110 per tonne, with the spot contract price traded at a premium price of RMB 90 to RMB 130 per tonne. The average price on the same day may range between RMB 19,090 per tonne and RMB 19,130 per...
Aluminium has been one of the key industries in the Gulf Cooperation Council since Manama commissioned the 12,000 tonnes a year of Aluminium Bahrain (Alba) smelter with a diversification agenda. The GCC has benefitted heavily from low-priced energy, which is otherwise cost-intensive for aluminium...
Aluminium inventories at three major Japanese ports, Yokohama, Nagoya, and Osaka, as reported by Marubeni Corp on October 16, 2023, decreased by 3.4 per cent to 348,300 tonnes by the end of September, down from 360,700 tonnes in the previous month. A table indicates the aluminium inventories...
The aluminium associations of the United States, Europe, Canada, and Japan applaud the Organisation for Economic Cooperation and Development's (OECD) new research, 'The climate implications of government support in aluminium smelting and steelmaking'. The research investigates existing government...
In September, China produced 5.3 per cent more primary aluminium compared to the previous year, according to the National Bureau of Statistics (NBS). This increase is due to strong demand and low aluminium inventories. China, the world's largest aluminium producer, produced 3.58 million tonnes of...
LME aluminium opened at US$2,183.5 per tonne on Tuesday, with its high and low at US$2,186 per tonne and US$2,158.5 per tonne, respectively, before closing at US$2,177 per tonne, a decrease of US$4 per tonne or 0.18 per cent. On Tuesday, October 17, both LME aluminium cash bid price and LME...
Last week till October 12, Shanghai Metals Market observed a rise in domestic aluminium spot cost backed by a strong performance of the alumina spot market. There was also a minor increase in power cost as captive power plants of mainstream aluminium smelters raised bid prices for coal purchases....
