Indiana has emerged as an unlikely flashpoint in the latest round of US-Canada trade friction, after Washington's now-collapsed negotiations with Ottawa briefly put a proposed cut to aluminium tariffs on the table, one that industry advocates say would have hit the state's fabrication workforce...
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
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Aluminium Bahrain (Alba) is expected to acquire Aluminium Dunkerque, the EU’s largest primary aluminium smelter, in a USD 2.2 billion deal, subject to EU FSR clearance and other regulatory approvals The deal will mark a significant step in Alba’s strategy to build a global low-carbon aluminium...
The aluminium associations of the United States, Europe, Canada, and Japan welcome the release by the Organisation for Economic Cooperation and Development (OECD) of The OECD MAGIC database of industrial subsidies 2026. The OECD release makes publicly available an extensive database of subsidy...
The London Metal Exchange (LME) aluminium market recorded marginal gains on June 1, with the LME aluminium cash bid price increasing to USD 3,795 per tonne from USD 3,769 per tonne on May 29, marking a rise of around 0.69 per cent. The aluminium LME cash offer price also climbed 0.69 per cent on...
Futures: SHFE aluminium 2607 contract closed at RMB 24,435 per tonne, up 0.49 per cent (RMB +120 per tonne). The price is currently running near key moving averages, having risen above MA5 (24,367.00) and MA10 (24,426.00), but still below MA30 (24,654.33) and MA60 (24,698.08). The moving averages...
Japan’s aluminium market is facing growing uncertainty as escalating tensions in the Middle East begin disrupting one of the country’s most critical supply routes for the metal. For years, Japan has relied heavily on Gulf producers such as the United Arab Emirates and Saudi Arabia, with the region...
According to SMM statistics, China's aluminium production in May 2026 (31 days) was up 2.1 per cent YoY and up 3.8 per cent M-o-M. Although the pace of China's end-use demand recovery remained slow, the widening aluminium supply gap outside China significantly boosted domestic aluminium semis...
Press Metal Aluminium Holdings could continue benefiting from elevated aluminium prices, prompting Kenanga Research to upgrade its earnings estimates and increase its target price for the company. The brokerage said aluminium prices are likely to remain supported in the near term as supply...
Futures: The SHFE aluminium 2607 contract closed at RMB 24,265 per tonne, down 0.31 per cent. The price fell below the key moving average MA5 (24,375), trading below MA10 (24,426), MA30 (24,691.67), and MA60 (24,704.92). The moving averages were in a bearish alignment, indicating a clearly weak...
The London Metal Exchange (LME) aluminium prices eased on the May 29 session after shooting up on the May 28 session . The cash price, however, remained above USD 3,700 per tonne. As both near-term and longer-dated contracts continued to rise, stocks recorded a consistent decline. The LME aluminium...
Rio Tinto has successfully started commissioning its USD 1.5 billion AP60 smelter expansion at Complexe Arvida in Quebec, marking a major milestone for the deployment of its state-of-the-art, low-carbon aluminium smelting technology. The start-up, which began in March, is expected to be completed...
The impact of US trade measures on the global aluminium market continues to evolve, but for Rio Tinto, exports to the United States have largely returned to pre-tariff levels. According to Jérôme Pécresse, head of Rio Tinto’s aluminium operations, shipments from Canada to the US have recovered...
Macro perspective: Glimmers of a Middle East ceasefire coexist with setbacks, while expectations for US Fed interest rate hikes heat up Outside China, the US-Iran framework agreement is reportedly 95 per cent finalised, with both sides reaching preliminary consensus on a 60-day temporary ceasefire...
India’s downstream aluminium sector has urged the government to reconsider import duties on primary aluminium as manufacturers continue facing higher raw material and energy costs linked to the ongoing West Asia conflict. Industry groups said volatility in global aluminium prices and supply-chain...
Rio Tinto is looking at bringing part of the New Zealand Aluminium Smelter in Tiwai Point back into use after several years of inactivity. The company has announced plans linked to the possible restart of Line 4, a potline that has been shut down since 2020. The proposal depends on a planned power...
The London Metal Exchange (LME) aluminium prices edged lower on the May 28 session compared to May 27. While cash prices recorded a marginal decline, the 3-month closing reference price continued its upward movement. The LME aluminium cash bid price slipped 0.08 per cent from USD 3,737.5 per tonne...
Futures: SHFE aluminium's most-traded contract opened at RMB 24,350 per tonne during the night session on May 28, with the highest price at RMB 24,390 per tonne, the lowest price at RMB 24,305 per tonne, and closed at RMB 24,385 per tonne, up 0.41 per cent from the previous close. Prices at night...
Fresh talks around the United States-Mexico-Canada Agreement (USMCA) are set to begin as tariffs on aluminium, steel and other goods continue to create uncertainty across North America. Jamieson Greer said tariffs will likely remain in place as long as the United States continues running a trade...
On a per-day basis, output averaged 197,400 tonnes last month, marking a 2.1 per cent decline from a year earlier and a 2.2 per cent drop from the daily average in March, My steel Global calculated based on the IAl data. China remained the world's largest producer last month. Its primary aluminium...
