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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The Shanghai Metals Market, on September 15, experienced a heightening streak in aluminium prices all over China, with the SMM A00 aluminium ingot price soaring by RMB 110 per tonne to officially close at RMB 19,540 per tonne. The average prices have ranged between RMB 19,520 per tonne and RMB...
LME aluminium opened at US$2,211 per tonne on Thursday, with its high and low at US$2,239 per tonne and US$2,206.5 per tonne, respectively, before closing at US$2,220 per tonne, an increase of US$12 per tonne or 0.54 per cent. On Thursday, September 14, both LME aluminium cash bid price and LME...
The China Federation of Logistics and Purchasing recently released its list of the 36th batch of A-level logistics enterprises in China, with Chinalco Logistics and Yunnan Aluminum Logistics achieving the highest rating of 5A-level logistics enterprises and entering the "first echelon" of China's...
The combined effects of alumina and self-supplied electricity prices caused an uptick in the cost of electrolytic aluminium in August. The Mysteel aluminium research team extensively analysed electrolytic aluminium enterprises in China. In August 2023, the weighted average full cost of the Chinese...
LME aluminium opened at US$2,199 per tonne on Wednesday, with its high and low at US$2,220 per tonne and US$2,191 per tonne, respectively, before closing at US$2,211 per tonne, an increase of US$14.5 per tonne or 0.66 per cent. The LME aluminium live price chart experienced mixed aluminium price...
According to the US Census Bureau data, the United States' primary aluminium production in June 2023 was recorded at 62,000 tonnes, experiencing a drop of 3,000 tonnes or 4.62 per cent month-on-month. In May, the output stood at 65,000 tonnes, up by 2,000 tonnes or 3.17 per cent from 63,000 tonnes....
The Aluminium Association of Canada, The Aluminium Association, European Aluminium and the Japan Aluminium Association released a joint briefing to Group of 7 (G7) trade ministers ahead of meetings in Osaka, Japan this October. The briefing, Aluminium Supply Chain Pathways to Net Zero GHG Emissions...
On Thursday, September 14, China’s A00 aluminium ingot price showed no change to close at RMB 19,430 per tonne. The average prices ranged between RMB 19,410 per tonne and RMB 19,450 per tonne, with the spot contract prices expected to be traded at a discount price of RMB 10 to RMB 30 per tonne. As...
According to a source on Wednesday, September 13, China Hongqiao Group has moved 1.5 million tonnes of aluminium smelting capacity to Yunnan, a region with abundant hydro power. Going ahead, China Hingqiao Group aims to deploy 4 million tonnes of aluminium smelting capacity by the end of 2025 in...
The Mozal aluminium smelter, located in Mozambique, plans to boost primary aluminium production by 40,000 tonnes during the ongoing fiscal year, which commenced in June. The operation of Mozal Aluminium in the Southern African nation is considered the largest industrial employer in the country....
In a recent development, Chinalco, a leading aluminium producer, has announced a significant change in the leadership structure of its Guizhou enterprises. The decision was made during a cadre meeting held on September 8 at the ChalCO Guizhou Enterprise. The meeting saw the presence of high-ranking...
The producers and consumers in the metals industry are convening this week to negotiate supply agreements for the upcoming year, with Russian aluminium causing division within the sector. While certain industrial consumers have opted not to consume supplies from Russia due to the Ukraine-Russia...
LME aluminium opened at US$2,204.50 per tonne on Tuesday, with high and low at $2213.50 per tonne and $2186.50 per tonne, respectively, before closing at US$2,196 per tonne, a drop of US$8 per tonne or 0.36 per cent. On Tuesday, September 12, the LME aluminium cash bid price and the LME aluminium...
The "Aluminium Industry Big Data Integration and Innovation Centre" initiated by Zhengzhou Research Institute has achieved a significant milestone by securing inclusion in Henan Province's "Big Data Industry Integration and Innovation Centre." The Henan Provincial Department of Industry and...
China’s aluminium production continued to grow in August 2023 (31 calendar days), standing above 3.6 million tonnes, according to the Shanghai Metals Market survey. Data showed the output clocked at 3.623 million tonnes, registering a 1.54 per cent M-o-M growth from 3.568 million tonnes and a 3.9...
The 37 th Fastmarkets International Aluminium Conference 2023 is anticipated to be a significant milestone in the world of aluminium industry conferences. This prestigious conference brings together the global aluminium industry leaders under one platform. The conference is set to take place at the...
On Tuesday, September 12, China's A00 aluminium ingot price added RMB 70 per tonne to close at RMB 19,520 per tonne. The average prices are expected to orbit between RMB 19,500 per tonne and RMB 19,540 per tonne, with the spot contract prices expected to be traded at a discount price of RMB 80 to...
LME aluminium opened at US$2,184.5 per tonne on Monday, with its high and low at US$2,210.5 per tonne and US$2,184 per tonne, respectively, before closing at US$2,207 per tonne, up US$23.5 per tonne or 1.19 per cent. The LME aluminium live price chart experienced escalating aluminium price trends...
