Canada and China have extended a bilateral trade arrangement that links Chinese market access for Canadian agricultural products with Canada's access for Chinese steel and aluminum. The decision provides greater certainty for exporters on both sides as Ottawa seeks to expand its trade relationships beyond the United States. The extension, announced on November 4, 2026, will keep the existing arrangement in place until the end of 2028. It comes amid renewed efforts by the two countries to strengthen economic ties and address outstanding trade issues. For the aluminum industry, the agreement offers a clearer timeline for market access, while its agricultural provisions provide Canadian producers with greater predictability in one of their key export markets. Canada-China trade agreement...
LME aluminium prices gained ground on November 4, with cash and futures contracts moving higher. The Asian Reference Price also edged up, while exchange inventories declined. Alumina Platts prices, however, moved slightly lower. The cash bid rose by USD 53.50 per tonne , or 1.74 per cent, to USD 3,134.50 per tonne from USD 3,081 per tonne. The cash offer increased 1.72 per cent to USD 3,135 per tonne from USD 3,082 per tonne. Three-month aluminium prices also advanced. The bid climbed 1.08 per cent to USD 3,073 per tonne on November 4 from USD 3,040 per tonne, while the offer gained 1.05 per cent to USD 3,074 per tonne. It was previously at USD 3,042 per tonne . Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market...
Grow with
AL Circle
Base metals fell across the board overnight with the rising of US dollar and LME aluminium closed lower at US$ 2278 per tonne from US$ 2309 per tonne. Shanghai Metals Market expects LME aluminium to edge up with a trading range at US$2,270-2,290 per tonne. As on June 13, LME aluminium cash (bid) price stands at US$ 2277.50 per tonne, LME official settlement price stands at US$ 2278 per tonne; 3-months bid price stands at US$ 2275 per tonne, 3-months offer price is US$ 2276 per tonne; Dec 19 bid price stands at US$ 2282 per tonne, and Dec 19 offer price stands at US$ 2287 per tonne. The LME aluminium opening stock slightly dropped to 1153875 tonnes. Live Warrants totalled at 937150 tonnes, and Cancelled Warrants were 216725 tonne. LME aluminium 3-months ABR price is hovering at US$ 2283...
The primary aluminium inventory in China, including SHFE warrants, continued shrinking marking a sixth consecutive week of decline on June 14, 2018. Compared to the last Thursday when inventory stood at 1.98 million tonnes after shrinking 55,000 from its previous week, today, the inventory witnessed a downfall of 53,000 tonnes to stand at 1.92 million tonnes, according to Shanghai Metals Market. Despite torrential downpours in Guangdong province during last weekend, overall inventory declined on the week due to fewer deliveries to warehouses in northwest China. Major Chinese cities like Wuxi and Jiangsu, Nanhai and Guangdong, Gongyi and Henan all witnessed a decline in their primary aluminium inventories. More details are as follows: On the face of primary aluminium inventory decline in...
Norway on Tuesday filed a complaint at the World Trade Organization (WTO) over the US President Donald Trump's aluminium and steel tariffs, Reuters reported. Minister of Foreign Affairs Ine Marie Eriksen Søreide said that 10 per cent tariff on aluminium and 25 per cent tariff on steel violate WTO rules. "In Norway’s view, the additional tariffs imposed by the US on steel and aluminium imports are a violation of the WTO rules. Today we have therefore requested dispute settlement consultations with the US in the WTO," she said in a statement. Norway’s export of aluminium to the USA declined last year. The USA imported an estimated 767 tonnes of aluminium in 2017, down from 7439 tonnes in 2016. In 2018, the export to the USA is estimated to be about 15634 tonnes, unless it is affected by the...
LME aluminium attempted to stand above the daily moving average and closed higher at US$ 2309 per tonne on June 12 from US$ 2300 per tonne. The US dollar index closed at 93.8 overnight, up 0.26%. The index rose over 0.3% at one point after the “truly historic” US-North Korea Summit. Base metals fell across the board overnight. LME aluminium fell to a low of US$2,290 per tonne overnight as its SHFE counterpart slumped with pressure from shorts. Shanghai Metals Market sees LME aluminium trading at US$2,290-2,310 per tonne today. As on June 12, LME aluminium cash (bid) price stands at US$ 2308.50 per tonne, LME official settlement price stands at US$ 2309 per tonne; 3-months bid price stands at US$ 2310 per tonne, 3-months offer price is US$ 2310.50 per tonne; Dec 19 bid price stands at US$...
After a slight rise in average A00 aluminium ingot spot price on June 12, 2018, from RMB 14720 per tonne to RMB 14750 per tonne, it dropped again to RMB 14540 per tonne on June 13, according to Shanghai Metals Market. The prices are expected to range between RMB 14520 per tonne and RMB 14560 per tonne with spot discounts to settle at RMB 20 per tonne. This downfall in aluminium ingot price could be because traders were reluctant to purchase from the spot aluminium market and took a wait-and-watch stance on the face of narrowed spot discounts against the SHFE 1806 contract. The inventory also went down as aluminium ingot stocks at warehouses became limited. Given the shrinking inventory, sellers were reluctant to let go of their cargoes and supply thus, became tight. The table below...
According to Reuters report, a unit of Beijing’s Tsinghua University would buy a Xinjiang-based aluminium smelter Tianshan Aluminium at an estimated price of US$ 3.7 billion. In a statement, Xiamen Unigroup Xue Co Ltd (000526.SZ), a Shenzhen-listed education services provider controlled by Tsinghua said, it would pay in cash and shares to acquire 100 per cent of Tianshan over an unspecified time frame. The reason behind acquiring the smelter by Tsinghua is, however, not know yet. “Right now the overall plan is still being discussed,” a Unigroup official told Reuters over the phone on condition of anonymity. The official also said that the final plan would be handed over to the board of directors once decided. State-run Tsinghua has interests in a number of companies, including a 1.5 per...
According to the latest figures showed by the Iranian Mines and Mining Industries Development and Renovation Organization, Iran produced 60, 947 tonnes of aluminium in the first two months of the current Iranian year (March 21-May. 21), an increase of 9.7 per cent from the same period last year. Iran Aluminum Company, the first producer of aluminium in the country, produced 30,033 tonnes of aluminium in the mentioned period. Hormozal Aluminum Company and Almahdi Aluminum Company produced 19,024 tonnes and 11,890 tonnes of aluminium respectively. Iran exported an estimated 135172 tonnes of aluminium in 2017. Top importers who have been buying aluminium from the country include Turkey, China, South Korea, Netherlands and India (2017 data). According to recent estimates, in the first quarter...
With the aim to accelerate revenue generation and shareholder value at the flagship project Sconi in Queensland, the metals explorer Australian Mines (ASX: AUZ) confirms its partnership deal with UK-based technology company Metalysis. The company intends to commercialise the high-purity scandium oxide through this partnership that could command higher revenue margins and serve as better final products for end-users. The company believes this agreement should add positively to the ongoing research and development programme around “a solid-state process to produce a low-cost yet superior aluminium-scandium alloy for potential use by the automotive and aerospace industries”. Originally invented by the University of Cambridge and then commercialised by Metalysis, this innovative solid-state...
The aluminium contract returned to the five and 40 days moving averages at US$ 2287.50 per tonne on June 8 after a bullish run whole week. LME aluminium attempted to stand above the daily moving average and closed higher at US$ 2300 per tonne. The contract touched a high of US$2,325 per tonne with support from longs during the European trading session. It was then dragged down by SHFE aluminium to a low of US$2,285 per tonne. It is expected to trade at US$2,290-2,320 per tonne today. As on June 11, LME aluminium cash (bid) price stands at US$ 2299 per tonne, LME official settlement price stands at US$ 2300 per tonne; 3-months bid price stands at US$ 2296 per tonne, 3-months offer price is US$ 2297.50 per tonne; Dec 19 bid price stands at US$ 2302 per tonne, and Dec 19 offer price stands...
According to Shanghai Metals Market, east China on Monday, June 11, 2018, witnessed a narrowed trading in spot aluminium market. Traders showed reluctance in purchasing primary aluminium and took a wait-and-watch stance as spot discounts against the SHFE 1806 contract shrank. In the Shanghai market, transactions were mostly heard at RMB 14710 per tonne to RMB 14720 per tonne with discounts settled at RMB 30 to RMB 20 per tonne against the SHFE 1806 contract, compared to RMB 60 to RMB 50 per tonne a week ago. The discounts against the 1807 contract hovered around RMB 110 per tonne. In Wuxi and Hangzhou, transactions were seen at RMB 14710 per tonne to RMB 14720 per tonne and RMB 14740 per tonne to RMB 14760 per tonne respectively. Sellers in east China were keen to offload cargoes and...
LME aluminium had been on a higher range last week with the consolidation of the US dollar. The aluminium contract closed the week lower at US$ 2287.50 per tonne on June 8 from US$ 2331 per tonne on June 7. The contract returned to the five and 40 days moving averages and Shanghai Metals Market expects it to trade at US$2,290-2,340 per tonne today. As on June 8, LME aluminium cash (bid) price stands at US$ 2287per tonne, LME official settlement price stands at US$ 2287.50 per tonne; 3-months bid price stands at US$ 2299 per tonne, 3-months offer price is US$ 2299.50 per tonne; Dec 19 bid price stands at US$ 2297 per tonne, and Dec 19 offer price stands at US$ 2302 per tonne. The LME aluminium opening stock slightly dropped to 1175225 tonnes. Live Warrants totalled at 939325 tonnes, and...
Prime Minister Justin Trudeau stopped at Saguenay, the heart of Canada's aluminium country before heading to the G7 summit — where he repeated his pledge to try to convince Donald Trump about the mistake in imposing tariffs on Canada’s aluminium. Saguenay has a significant connection to what will be a major point of debate for G7 leaders this week because the region is home to a big part of the country's aluminium industry. The U.S. president angered his G7 allies last week by imposing punishing tariffs on aluminum and steel imports. Canada and the European Union responded with tariff threats of their own, leaving Saguenay caught in the crossfire of an escalating trade dispute between G7 partners. "We're interested in defending Canadian interests — and on top of that, it turns out I'm...
Tomago Aluminium, one of Australia’s biggest smelters near Newcastle, has notified on Friday, June 8, 2018, that it may have to curtail operations for a third time in a week due to power shortage across the national electricity market. The company said it was asked to halt each of three potlines this week - one on Tuesday and two on Thursday due to the power reserves deficit. Matt Howell, Tomago’s chief executive told Fairfax Media, how the company was worried about another curtailment of operations later in the day. He said in a separate statement, "Australia is at a crisis point with our energy system." The Australian Energy Market Operator (AEMO) has issued a level 2 alert, anticipating a lack of reserve power for later part of the day. The alert system is installed that warns the...
NALCO Chairman cum Managing Director Tapan Kumar Chand said consumption of aluminium is set to triple by 2030 in India and aluminium producers have to increase its manufacturing capabilities to meet the demand. Dr. Chand said India will have more than double of the existing aluminium consumption per person per year in the mentioned period. Addressing the customers and vendors in the Western region in Mumbai on Saturday, Dr. Kumar Chand said, ‘’Consumption of Aluminium in India will see a quantum jump by 2030 and the country has to enhance its production to meet the demand. ‘’ The Meet with customers and vendors of western region is one among a series of meets planned across the country. NALCO has registered one of its strongest performances in 2017-18. The company has registered net...
The US dollar index extended its decline overnight and closed at 93.44. LME aluminium is on a higher range this week with the consolidation of the US dollar. LME aluminium contract closed higher at US$ 2331per tonne on June 7 from US$ 2317.50 per tonne on June 6. The contract dropped close to 2% among several moving averages overnight. Shanghai Metals Market expects it to hover between the 20- and 40-day moving averages today and trade at US$2,280-US$2,310 per tonne. As on June 7, LME aluminium cash (bid) price stands at US$ 2330.50 per tonne, LME official settlement price stands at US$ 2331per tonne; 3-months bid price stands at US$ 2336 per tonne, 3-months offer price is US$ 2337 per tonne; Dec 19 bid price stands at US$ 2325 per tonne, and Dec 19 offer price stands at US$ 2330 per...
The world’s biggest aluminium producer China Hongqiao Group has signed a financing agreement with Industrial Bank Co Ltd for RMB 30 billion for the upgradation of its manufacturing facilities, Reuters reported. Industrial Bank will provide Group and its subsidiaries with services including supply-chain financing, debt instruments, industrial funds and asset-backed securitization. China Hongqiao Group is a leading aluminium product manufacturer in China. Located in Shandong Province of China, the Group produces and sells molten aluminium alloy, aluminium alloy ingots, aluminium alloy casting-rolling products and aluminium busbars. China Hongqiao announced last year that it had closed 2.68 million tonnes of smelting capacity after Shandong Government ordered it to do so in an attempt to...
As reported by Shanghai Metals Market, China's primary aluminium inventory, including SHFE warrants, shrank 55,000 tonne from last Thursday to stand at 1.98 million tonne as of Thursday June 7. The commissioning of new production capacity slowed down and fewer deliveries arrived at warehouses in south China bringing down the inventory. The drop marked a fifth consecutive week of decline. The current inventory status in the major Chinese cities is as follows: Average A00 Aluminum Ingot price stands at RMB 14800 per tonne today after two consecutive rises with the spot discount ranging from RMB 60 to 20 per tonne. According to SMM research, China's May aluminium output declined 3.2% YoY and stood at 3.07 million tonne. Output in the first five months of this year dropped 2.7% compared to...
LME aluminium is on a higher range this week with the consolidation of the US dollar. LME aluminium contract closed slightly higher at US$ 2317.50 per tonne on June 6 from US$ 2314.50 per tonne on June 5. The contract hit a high of US$2,344 per tonne overnight after touching a low of US$2,307 per tonne. It now stands above all moving averages and is likely to try to break the US$2,355 per tonne level today with a trading range of US$2,320-2,360 per tonne. As on June 6, LME aluminium cash (bid) price stands at US$ 2317 per tonne, LME official settlement price stands at US$ 2317.50 per tonne; 3-months bid price stands at US$ 2322.50 per tonne, 3-months offer price is US$ 2323 per tonne; Dec 19 bid price stands at US$ 2308 per tonne, and Dec 19 offer price stands at US$ 2313 per tonne. The...
