The London Metal Exchange (LME) aluminium price graph depicted a faltering market picture. Declines over the November 2 close were reported across the pricing, contract, and inventory segments. The LME alumina Platts price remained stable at the session close. The LME aluminium cash bid as well as offer prices dipped by 0.42 per cent. The bid slipped to USD 3,081 per tonne from USD 3,094 per tonne, while the offer eased to USD 3,082 per tonne from USD 3,095 per tonne , down 0.61 per cent day-on-day. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid contracted by 0.64 per cent to USD 3,040 per tonne from USD 3,059.5 per tonne. The offer...
The aluminium trade graph, excluding scrap, of Argentina in the first eight months of 2026, till August, continues to surge with steady momentum, indicating an increase in shipments and export earnings of the nation. As of year-to-date (YTD) August 2026, Argentina exported a total of 48,977 tonnes, valued at USD 179.05 million. Excluding aluminium scrap, the export basket covered all the articles of aluminium products including unwrought, bars, rods and profiles, foil, plates, sheets and strips, tube or pipe fittings and aluminium wire. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook Volume and value register strong year-on-year growth Calculating the year-on-year growth,...
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Settling the much-awaited India-America trade deal is likely to be one of New Delhi’s top priorities as soon as Joe Biden’s administration in Washington DC takes over as the New President of the United States. According to the report, New Delhi is all set to speed up its negotiation with Biden Administration for early restoration of the Generalized System of Preference (GSP) trade privilege for India, which was withdrawn by the United States former President Donald Trump in June 2019 after determining that India did not assure the latter to provide "equitable and reasonable access" to its markets. The Generalized System of Preference is the largest and oldest US trade preference programme designed to promote economic development by allowing duty-free entry for thousands of products from...
SMM aluminium ingot price has registered a hike for the three days in a row. The price stands at RMB 15180 per tonne on Tuesday, 10 November 2020, marking a growth of RMB 20 per tonne. The price is expected to range at RMB 15160-15200 per tonne. In Foshan and Wuxi, the price has increased by RMB 20 per tonne and RMB 10 per tonne to stand at RMB 15120 per tonne and RMB 15190 per tonne. Their average prices are expected to range within RMB 15100-15140 per tonne and RMB 15180-15200 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15180 per tonne and RMB 15110 per tonne, up RMB10 per tonne and RMB 15 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have risen to stand at RMB 15170 per tonne, RMB 15150 per tonne, RMB 15230 per tonne, and RMB 15180 per...
Three-month LME aluminium rose 0.05 per cent to close at US$ 1,902 per tonne on Monday, with open interest falling to 746,000 lots. It is expected to trade between US$ 1,880-1,940 per tonne today. LME aluminium cash (bid) price and LME official settlement price continued to increase for the third day in a row from US$ 1891.50 per tonne to US$ 1913 per tonne on Monday, November 9. 3-months bid price and 3-months offer price stood at US$ 1930 per tonne, growing by US$ 26 per tonne from US$ 1904 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1974 per tonne versus US$ 1948 per tonne on Friday, November 6. The LME aluminium opening stock further decreased from 1437675 tonnes to 1431575 tonnes. Live Warrants hovered at 1246475 tonnes, while Cancelled Warrants 185100 tonnes....
In October 2020, China’s primary aluminium output recorded a month-on-month growth of 4.50 per cent to stand at 3.25 million tonnes, compared with 3.11 million tonnes in September, found the Shanghai Metals Market. On a year-on-year basis, China’s primary aluminium production in October stood higher by 8.5 per cent. As of the end of October, the country’s primary aluminium capacity in operation was 38.67 million tonnes per annum among 44.18 million tonnes of existing capacity. Operating rates across Chinese primary aluminium producers stood at 87.5 per cent in October. The daily average output rose 1,000 tonnes from September to 105,000 tonnes, with new capacities in southwest China and Inner Mongolia coming online and some producers in Liaoning and Qinghai restoring production. During...
Primary aluminium producer Kazakhstan Aluminium Smelter has appointed Mr Serik Donbekbaev as new President. Mr Donbekbaev has more than 2 0 years of track record in mining, metals and processing operation. Kazakhstan Aluminium Smelter is a subsidiary of Eurasian Resources Group. Mr Donbekbaev started his career at the Aksu Ferroalloys Plant, part of the Group’s JSC Kazchrome operation. Mr Donbekbaev was also Vice President of Financial and Economic Affairs for Kazchrome having worked in the economic affairs team for 11 years. In 2019, KAS reached record production of 263 thousand tonnes of aluminium. KAS’s aluminium is traded on the London Metal Exchange. Kazakhstan Aluminium Smelter supplies its product to Italy, Greece and other Balkans, Turkey, and Spain.
Aluminium Bahrain (Alba) has announced the launch of a‘Al Jisr’ Programme -- a new Training and Development initiative. It aims to build supervisory skills of Bahrain employees. Alba’s Chief Executive Officer Ali Al Baqali commented: “Boosting Bahrainisation has always been one of our top priorities in the Company. With Al Jisr Programme, we aim to train and develop our high-potential national employees whom we consider our greatest assets. We don’t aspire to build businesses; we aim to invest in our people who then become Alba future leaders to translate our vision -- to be the number one Aluminium supplier for the generations to come.” The initiative will provide Bahraini employees with the technical and soft skills through a 4-year period, squeezing the timeframe by more than half, to...
Nonferrous metals on the SHFE were mostly higher on Monday morning, and their counterparts on the LME also rose for the most part, as investors reacted to Democrat Joe Biden’s presidential election win, SMM reported. The LME aluminium added 0.45%. As of Friday November 6, LME aluminium cash (bid) price stands at US$ 1891.50 per tonne, LME official settlement price stands at US$ 1891.50 per tonne; 3-months bid price stands at US$ 1904 per tonne, 3-months offer price is US$ 1904 per tonne; Dec 21 bid price stands at US$ 1948 per tonne, and Dec 21 offer price stands at US$ 1948 per tonne. The LME aluminium opening stock stood at 1437675 tonnes. Live Warrants totalled 1220375 tonnes, and Cancelled Warrants were 217300 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$...
A00 aluminium ingot price in China has begun the week with a surge of RMB 70 per tonne to stand at RMB 15,160 per tonne, as of Monday, November 9, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,140 per tonne and RMB 15,180 per tonne, with spot contract to be traded at a premium price of RMB 40-80 per tonne, down by RMB 20 per tonne from the previous day. Linyi has seen the highest rise today of RMB 105 per tonne to come in at RMB 15,170 per tonne, followed by the hike of RMB 100 per tonne in Foshan to RMB 15,100 per tonne. In Shenyang, primary aluminium ingot price has increased by RMB 95 per tonne to RMB 15,165 per tonne, while that in Tianjin and Chongqing has grown by RMB 90 per tonne and RMB 85 per tonne to peg at RMB 15,140 per tonne and RMB...
According to the latest report released by the US Geological Survey, domestic primary aluminium production in the United States stood at 80,000 tonnes in August 2020, slightly down by 2,000 tonnes or 2.44 per cent from 82,000 tonnes in the month earlier. The average daily production came in at 2,580 tonnes, 2.64 per cent lesser than 2,650 tonnes in July 2020 and 11 per cent lesser than in August 2019. Total aluminium recovered from scrap in August 2020 was 270,000 tonnes, up by 2,000 tonnes from 268,000 tonnes in July 2020. However, on a year-on-year basis, the US aluminium recovery from scrap in August stood down by 9 per cent. Of 270,000 tonnes, 144,000 tonnes were recovered from new scrap and the remaining 126,000 tonnes from old scrap. The United States spot market price of primary...
The US exports of aluminium scrap stood at 161,000 tonnes in August 2020. That was down 2.42% year-on-year, according to the latest report from the US Geological Survey. On a month-on-month comparison, exports rose by 1.9% from July’s export volume of 158,000 tonnes. The US exported 1.17 million tonnes of aluminium scrap in the first eight months of 2020, from 1.26 million tonnes exported in the first eight months of 2019. This records a decrease of 7.14% or 90,000 tonnes. The US exports of aluminium scrap to Malaysia came in at 41,300 tonnes in August 2020. Scrap exports increased by 60% year-on-year but dropped by 15.54% month-on-month. The US had exported 25,800 tonnes and 48,900 tonnes in August 2019 and July 2020, respectively. Exports of aluminium scrap to Malaysia climbed by...
On Monday, November 2, three-month LME aluminium climbed 1.24 per cent to close at US$1,871 per tonne. On November 3 & 4, the price grew further by 1.18 per cent and 0.82 per cent to settle at US$ 1,893 per tonne and US$ 1908.50 per tonne, respectively. However, on Thursday, November 5, three-month LME aluminium fell 0.84 per cent to close at US$ 1,892.50 per tonne. LME aluminium cash (bid) price and LME official settlement price displayed an uptrend this week during November 2-6 from US$ 1834.50 per tonne to US$ 1891.50 per tonne, with an intermittent fall on Wednesday, November 4. Starting the week on Monday, November 2, at US$ 1834.50 per tonne, both LME aluminium cash (bid) price and LME official settlement price soared to US$ 1891 per tonne on Tuesday, November 3. On November 4, the...
SMM aluminium ingot price witnessed fluctuations over the week. The price on Monday and Tuesday stood higher at RMB 15050 per tonne and RMB 15150 per tonne. The price dropped by RMB 10 per tonne to RMB 15080 per tonne on Thursday, after declining by RMB 60 per tonne on Wednesday. Aluminium ingot price ended the week higher at RMB 15090 per tonne on Friday, 6 November 2020. According to the Shanghai Metals Market, social inventories of primary aluminium ingots declined sharply this week due to robust downstream demand and limited arrivals of stocks. The inventories decreased by 34,000 tonnes across eight major consumption areas, including SHFE warrants, to stand at 654,000 tonnes on Thursday, November 5. This marks the third consecutive week of decline. The alumina price in China continued...
On 6 th November’20, Vedanta reported 61.80% shrink in consolidated net profit at INR 824 crore for the quarter ended 30 th September’20 on the back of one-time tax expense. Vedanta said in a filing to BSE: “The Company posted a net profit of INR 2,158 crore in the year-ago period.” Income during July-September dropped to INR 21,744 crore from INR 22,814 crore in the year-ago period, the filing said. The company said in a statement the tax expense for the quarter was at INR 2,370 crore. "EBITDA for Q2 FY2021 was at INR 6,531 crore, higher by 63% Q-o-Q, mainly due to higher commodity prices, higher volumes at zinc business, lower cost of production at Zinc India and aluminium business, partially offset by higher input commodity prices, rupee appreciation and reversal in renewable purchase...
Norsk Hydro has announced the signing of a new long-term power contract for Norwegian aluminium portfolio. The company’s fully owned subsidiary Hydro Energi AS has entered into an agreement with Hafslund E-CO Vannkraft AS for an aggregated supply of 0.9 TWh in the period from 2021 to 2027, with delivery to price area NO5. “We are pleased with signing yet another contract with Hafslund E-CO Vannkraft AS, enabling us to secure stable long-term hydropower supply to our operations,” said Arvid Moss, Executive Vice President Energy in Hydro. Hydro and Hafslund E-CO Vannkraft AS already have signed a contract for an aggregated supply of 1.18 TWh in June. “Since 2014, Hydro has signed 16 long-term power purchase agreements (PPAs), all of which based on hydropower or wind power. Together with...
The Shanghai Metals Market has analysed the impact of the upcoming heating season on China’s prebaked anode industry, based on the relevant policies and specific measures in 2+26 cities. 2020 is the last year of China’s three-year action plan to fight air pollution, and many regions in northern China is about to enter the heating season of 2020-21. At the end of June 2020, the general office of the Ministry of Ecology and Environment of China issued a technical guide for key industries to reduce emissions in heavily polluted weather, stipulating specific emission reduction measures for enterprises with different grades in key sectors. Currently, there are 49 prebaked anode producers operating in Beijing-Tianjin-Hebei and its adjoining areas and the Fenwei Plain, with a total equipment...
SMM aluminium ingot price has risen by RMB 10 per tonne from its earlier price to RMB15090 per tonne on Friday, 06 November 2020. The price has registered a hike after two days of decline. It expected to move within a range of RMB 15070-15110 per tonne. In Foshan and Wuxi, the price has increased by RMB 30 per tonne each to stand at RMB 15000 per tonne and RMB 15100 per tonne. Their average prices are expected to range within RMB 14980-15020 per tonne and RMB 15090-15110 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15100 per tonne and RMB 15010 per tonne, up RMB 40 per tonne and RMB 10 per tonne. Aluminium ingot prices in Tianjin and Linyi have dropped to stand at RMB 15050 per tonne and RMB 15065 per tonne, down RMB 5 per tonne each. The prices of alumina, Bauxite...
Three-month LME aluminium fell 0.84 per cent to close at US$ 1,892.50 per tonne on Thursday, November 5, with open interest rising to 748,000 lots. It is expected to trade between US$ 1,870-1,910 per tonne today, November 6. LME aluminium cash (bid) price and LME official settlement price increased from US$ 1,877 per tonne to US$ 1,885.50 per tonne on Thursday, November 5, following a downfall on the previous day. 3-months bid price and 3-months offer price stood at US$ 1,896 per tonne, growing by US$ 10.50 per tonne from US$ 1,885.50 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 1,938.50 per tonne versus US$ 1924 per tonne on November 4 The LME aluminium opening stock decreased from 1450025 tonnes to 1443950 tonnes. Live Warrants hovered at 1220375 tonnes, while...
Bosnia’s ailing aluminium producer Aluminij has reportedly recommenced production after a halt for 15-months, thanks to an agreement with an Israeli-Chinese partner signed earlier this year, reported a local media. In April 2020, Israel’s M.T. Abraham Group and its partners China Machinery Engineering Corporation (CMEC) and China Nonferrous Metal Industry’s Foreign Engineering & Construction Co., Ltd. (NFC) signed an agreement with Aluminij for a long-term lease of the Bosnian company’s production assets, an initial step towards the restart of the production. The official start of production is announced in the beginning of November, but the official logs started rolling out earlier, public broadcaster BHRT said last week. In the beginning of October, around 82 workers started preparing...
