Primary aluminium imports: According to data from the General Administration of Customs, domestic primary aluminium imports stood at approximately 186,000 tonnes in August 2026, up 0.2 per cent month-on-month and down 14.6 per cent year-on-year. Cumulative domestic primary aluminium imports from January to August 2026 reached roughly 1.657 million tonnes, a year-on-year decline of 3.4 per cent. Primary aluminium exports: Customs data showed domestic primary aluminium exports were around 22,000 tonnes in August 2026, dropping 30.7 per cent month-on-month and 14.7 per cent year-on-year. Cumulative primary aluminium exports between January and August 2026 totalled approximately 168,000 tonnes, representing a year-on-year increase of about 9.3 per cent. Net imports of primary aluminium:...
The London Metal Exchange (LME) aluminium price graph continues to drop across the pricing and contract segments on the September 24 trading session, reporting declines over the September 23 close . The LME aluminium cash bid slumped from USD 3,239.5 per tonne to USD 3,227 per tonne, rising 0.39 per cent. The offer price moved from USD 3,240 per tonne to USD 3,228 per tonne, dropping by 0.37 per cent. 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 from USD 3,258 per tonne to USD 3,252 per tonne, decreasing by 0.18 per cent. The offer price plunged from USD 3,260 per tonne to USD 3,252.5 per tonne, representing a 0.23 per cent...
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LME Asia Week is staring today, May 7, 2019, at Hong Kong with over 2,000 metals professionals and media converging together. The week will see industry experts discussing a number of topics around precious, base and ferrous metals. Ian Roper, general manager of SMM Singapore said during LME Asia Week in Hong Kong that supply side reforms in China have not benefitted the aluminium and lead sector. “Supply side reforms have not really restricted Chinese supply of aluminium,” Roper said. He said that despite supply reforms aluminium capacity in China continues to grow in excess and about 2.9 million tonnes of capacity would come online in 2019. Production in 2018 dropped for the first time in 20 years but the entire loss will be offset by new capacity, he added. Most of the new capacity to...
The US dollar increased on Monday as the cautious stance in the global markets sustained the upside momentum in the greenback. , after the US President Donald Trump re-ignited trade effervescence on Sunday. SHFE nonferrous metals closed lower on the first trading day after the Labour Day holiday, as trade tensions between Washington and Beijing re-escalated after President Donald Trump said the US would hike tariffs on goods from China. Base metals ended mixed and SHFE aluminium dropped 0.11%. The LME was closed for a bank holiday on Monday and it reopens trading on Tuesday. The most traded SHFE June contract opened lower and extended its declines to end at an intraday low of RMB13,925 per tonne on Monday, down 1.8% on the day. The unwinding of long positions accounted for the losses in...
According to Shanghai Metals Market, the price of A00 aluminium ingot extends its drop today, on May 7, by RMB 30 per tonne to RMB 14,050 per tonne. The average prices are expected to range between RMB 14,030 per tonne and RMB 14,070 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB10 per tonne to a premium of RMB30 per tonne. After a rise on April 29, the A00 aluminium ingot price has been declining, marking today the third consecutive drop. In major cities like Foshan, Hangzhou, Chongqing, and Shen Yang, the aluminium ingot price has declined by RMB 30 per tonne, while in Wuxi by RMB 10 per tonne, Tianjin by RMB 50 per tonne, Linyi by RMB 20 per tonne and in Gongyi by RMB 25 per tonne. As far as the prices of raw materials are concerned, the spot alumina...
Aluminium Bahrain (Alba) has announced that it has successfully started additional 106 pots in Line 6 expansion on Thursday 18 April 2019. With this ALBA has started a total of 212 pots, which is equivalent to 50% of Line 6 production capacity. Alba organized a ceremony to mark this milestone, which was held on Tuesday 30 April. The ceremony was attended by the Chairman of the Board of Directors Shaikh Daij bin Salman bin Daij Al Khalifa along with Alba CEO Mr. Tim Murray, Alba Executive Management Team, Line 6 Start-up Team and senior Bechtel officials. Commenting on the ocassion, the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa, said: “We are excited to have progressed the ramp-up of Line 6 pots ahead of plan by 12 days. With 50% of Line 6...
AlCircle is pleased to announce joining of Anthony (Tony) Tropeano to its advisory board. Mr. Tropeano retired as CEO of FATA SpA in January 2018 and set up his own company, TT Consulting Inc., providing management consulting services for metals, mining and contracting sectors. Mr Tropeano's firm TT Consulting Inc has Foundry Ecocer Srl from Italy as one of its major clients. He has successfully spent 40 years of his professional career in the ferrous and non-ferrous industries. His career began as Executive Vice President and Chief Operating Officer of Italimpianti of America, Inc. In 1994 he joined the Italian company FATA where he held several executive leadership positions and retired as the CEO. He successfully led FATA’s two operating divisions, FATA Hunter (world leader in...
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrant, stood at 1.44 million tonnes as of Sunday May 5, Shanghai Metals Market data showed. Primary aluminium stocks declined 28,000 tonnes from Monday, April 29. The chart below indicates the current status of primary aluminium inventories across China: Stocks of primary aluminium in Wuxi, Jiangsu stood at 517,000 tonnes, down 15,000 tonnes from 532,000 tonnes on Monday April 29. Inventories in Shanghai and Nanhai, Guangdong decreased 1,000 tonnes and 4,000 tonnes to stand at 284,000 tonnes and 319,000 tonnes. Inventories of primary aluminium in Gongyi, Henan dropped to stand at 101,000 tonnes, while that in Hangzhou, Zhejiang increased to stand at 117,000 tonnes.
The US dollar decreased sharply in afternoon trade on Friday, surrendering early gains after an employment report for the month of April that topped economists’ expectations. LME base metals ended mostly higher but aluminium lost over 1%. SHFE metals closed mixed on Tuesday April 30, the last trading day before the Labour Day holiday and aluminium slid 0.35%. SHFE aluminium is expected to trade higher today. LME aluminium fell below all moving averages to a low of US$1,796 per tonne, from a high of US$1,829 per tonne last Friday. Expanding aluminium inventories across LME warehouses depressed prices. It is expected to trade at US$1,700-1,800 per tonne after trades resume on Tuesday. Today, there will be no trading due to Early May Bank Holiday. As on May 3, Friday, LME aluminium cash...
The Indian government has once again deferred the deadline to impose retaliatory import duties on 29 US products, including almond, walnut, and pulses. So, now instead of May 2, 2019 the deadline to impose tariffs is on May 16, 2019. The deadlines have been extending since June 2018, when India decided to impose these duties in retaliation to the Trump Administration’s decision to impose high customs duties on certain aluminium and steel products. Further extension of the deadline comes in the backdrop of the US decision to withdraw export incentives provided to Indian exporters under Generalised System of Preferences (GSP) programme. America has given 60 days-notice, which will come to an end this week, to withdraw the export incentives. However, on May 6, the US Commerce Secretary...
US dollar continued to stay strong and hovered just below 98 last night. Most of the LME base metals saw a tumbling session on Wednesday but recovered to a certain extent on Thursday. Aluminium stock in the LME registered warehouses registered a rise yesterday. The LME aluminium price, however, shrugged off the stocks increase, rising 0.1 per cent to end at $1,816 a tonne after its plunge on Wednesday to its weakest in more than two years. The United States and China are likely to close a trade deal that would roll back a portion of the US$250 billion in U.S. tariffs on Chinese goods. U.S. Treasury Secretary Steven Mnuchin also indicated about “productive” talks in Beijing. Both LME cash and 3 month price registered a rise yesterday. The LME benchmark price is likely to trade within a...
Alba published its financial results for the first quarter of 2019. The company’s top-line and bottom-line were primarily impacted by 14% year-over-year decrease in LME prices. With regards to Total Sales/Revenues, Alba generated BD 203.5 million (US$ 541.3 million) in Q1 2019, down 8% YoY. Alba’s Total Assets as of March 31, 2019 stood at BD 2,259.9 million (US$ 6,010.3 million). The company reported a net loss of BD 15.8 million (US$ 42 million) in Q1 2019 compared to a net profit of BD 33.9 million (US$ 90 million) in Q1 2018, down 147% year-over-year. Gross Profit stood at BD 0.850 million (US$ 2.3 million, down 98% from BD 40 million (US$ 106.3 million) for the same period last year. Alba closed the quarter with Value-Added (VA) sales averaging 52% of total shipments. The company’s...
US dollar held on to overnight gains today. Most of the LME base metals saw a tumbling session on Wednesday with aluminium and lead hitting their lowest in more than two years. This was attributed to the sale of computer-driven funds after an options expiry amid concerns about China demand. However, most of them recovered rose from the low overnight, with progress in the U.S.-China trade talks lending some support. The United States and China are likely to close a trade deal that would roll back a portion of the US$250 billion in U.S. tariffs on Chinese goods. U.S. Treasury Secretary Steven Mnuchin said on his Twitter account that the two countries have completed “productive” talks in Beijing. Benchmark aluminium rose 0.3 per cent to US$1,819.50 a tonne by 0140 GMT. As on May 1, LME...
Century Aluminum Company on Tuesday announced its first quarter 2019 results. The company reported a net loss of $34.6 million for the first quarter of 2019. The adjusted net loss stood at $66.6 million in Q1 2019 compared to an adjusted net loss of $40.7 million in Q4 2018. Shipments of primary aluminium were 206,451 tonnes compared with 199,466 tonnes in Q4 2018, reflecting the continued incremental production from the Hawesville restart. Net sales increased from $486.9 million to $490.0 million in Q1 2019, up 1 per cent quarter-on-quarter despite lower LME prices and regional premiums. Adjusted EBITDA stood at $(44.1) million driven by the unprecedented alumina price relative to the metal price. Cash position at quarter end was $22.2 million and revolver availability was $152.0...
US dollar index settles over 97 today. LME base metals traded lower. LME aluminium closed at US$ 1809 tonne. Chinese market will remain closed from Wednesday May 1 to Saturday May 4 for Labour Day. As on April 30, LME aluminium cash (bid) price stood at US$ 1808 per tonne, LME official settlement price stands at US$ 1809 per tonne; 3-months bid price stands at US$ 1817 per tonne, 3-months offer price is US$ 1817.50 per tonne; Dec 20 bid price stands at US$ 1938 per tonne, and Dec 20 offer price stands at US$ 1943 per tonne. The LME aluminium opening stock stood at 1074650 tonnes. Live Warrants totalled at 708350 tonnes, and Cancelled Warrants were 366300 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1823 per tonne. SME and SHFE Aluminium Price Trend The benchmark...
Century Aluminum Company, a global producer of primary aluminium, has announced the appointment of Jesse E. Gary as the company’s Executive Vice President and Chief Operating Officer, a newly created position. Jesse E. Gary will continue to serve as Century’s General Counsel. Jesse E. Gary said: “I am honored and excited to have this opportunity to serve and support all of our incredible employees and customers. Century is well positioned to perform in the current dynamic industry environment, and I look forward to working with Mike and the rest of our team to safely drive our business forward.” “I am also very pleased to announce Morgan’s promotion. Over the past five years, she has demonstrated superb legal skills and has become a trusted partner of the business. I am very confident...
According to the latest press update from Hydro, the company’s production volumes in Q1 2019 fell YoY, reflecting the continued Alunorte curtailment and the recent cyber attack that disrupted production putting up a number of operational challenges, primariloy in Extruded Solutions business. Hydro will be releasing its complete Q1 financial results on June 5. “The cyber attack that hit us on March 19 has affected our entire global organization, with Extruded Solutions having suffered the most significant operational challenges and financial losses,” says President and CEO Svein Richard Brandtzæg. He added that the overall financial impact of the cyber attack is estimated at NOK 400-450 million in Q1. Hydro’s cyber security was already insured with cyber insurance from recognized service...
Russian aluminium giant Rusal posted that its first-quarter sales of value added products (VAP) dropped 44 per cent from the contemporary period of the previous year and 22 per cent from the last quarter. Sanctions by the United States are held primarily responsible for this year-on-year and quarter-on-quarter downfall. Washington had declared sanctions against the Russian aluminium company in April 2018 and lifted them in January 2019 when co-owner Oleg Deripaska reduced his stake after months of talks and several extensions of the deadline for sanctions to take full effect. But despite the withdrawal of the sanctions, the company claims its sales of VAP metal - alloyed ingots, slabs, and some other products to have been affected in the first quarter. Sales of VAP metal decreased to...
Aluminum Corporation of China Limited (CHALCO) announced that its net profit stood at RMB444.9 million in the first quarter of 2019, up 46 per cent from RMB304.5 million in the first quarter of 2018, as aluminium prices stabilised and asset disposals swelled its bottom line. Revenue for January-March increased 20.7 per cent year-on-year on higher production. Revenue came in at RMB44.11 billion, according to a filing to the Hong Kong stock exchange. CHALCO‘s aluminium production in the three month period of 2019 dropped 6.9 per cent year-on-year, underlining the impact low prices are having on its operations. Aluminium production stood at 950,000 tonnes, down from 1.02 million tonnes in the three month period of 2018, said CHALCO in the data sheet released on Tuesday and reviewed by...
Charles Brian Hesse is the new head of Russian aluminium giant Rusal’s United States office, according to the latest report. Rusal has appointed Mr. Brian Hesse at a time when trying to strengthen its presence in North America. The news came when the firm said in a statement on Tuesday, April 30. Hesse will join Rusal with a vast experience in the metal industry. He worked as the Vice President of sales and marketing for the Americas for India’s Vedanta, prior to which, he also worked as the global sales director in a rolled products manufacturer Aleris International. Rusal in mid-April landed its first investment in the United States since Washington lifted sanctions. It has collaborated with Braidy Industries Inc. to construct an aluminium rolling mill in Ashland, Kentucky, USA in order...
