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...
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With the growing domestic aluminium inventory and slow demand, both alumina and aluminium prices in China registered fall yesterday. However, China has registered a rise in prices of A00 aluminium ingot prices today. Primary aluminium ingot price also increased across all markets. Average A00 Aluminum Ingot prices increased from RMB 13,960 per tonne to stand at RMB 14,060 per tonne. The prices are expected to range within RMB 14,040 to RMB 14,080 per tonne and spot discounts are expected to settle at RMB 150 to 110 per tonne. In an update from SMM, China's social inventory of refined aluminium including SHFE warrants amounted to 2.19 million tonnes as on Monday March 5, according to data. This is up from 2.13 million tonnes recorded on Thursday March 1. Primary ingot prices registered an...
With the US dollar hovering around the 90 level at the backdrop of the trade war between the US and other countries, base metals saw mixed trading. LME aluminium started the week with a drop. In the short term, Shanghai Metal Market expects the US dollar to continue to hover at 89.9 with resistance, and base metals to remain rangebound. LME aluminium is facing increasing downward pressure and closed further down at US$ 2135 per tonne on March 5. The contract is gaining support at the five-day moving average. SMM expects it to trade at US$2,135-2,160 per tonne today. As on March 5, LME aluminium cash (bid) price stands at US$ 2134.50 per tonne, LME official settlement price stands at US$ 2134 per tonne; 3-months bid price stands at US$ 2140 per tonne, 3-months offer price is US$ 2140.50...
LME aluminium closed the last week with a slight increase after US President Donald Trump announced that the country would impose a 10% global tariff on all imported aluminium. The contract traded higher over the day and finally closed at USD2144 per tonne on Friday, March 2. Shanghai Metals Market observes that with the US dollar index falling below the 90 level, LME aluminium is expected to test the five-day moving average with resistance at the 10- and 20-day moving averages today and expected to trade within a range of $2,137-2,164 per tonne. As on March 2, LME aluminium cash (bid) price stands at US$ 2143 per tonne, LME Official Settlement Price stands at US$ 2144 per tonne; 3-months bid price stands at US$ 2151 per tonne, 3-months offer price is US$ 2151.50 per tonne; Dec 19 bid...
After the US President Trump announced that a tariff of 10 % will be imposed on aluminium exports from all countries, European Aluminium calls on the European Commission and EU Member States to safeguard the European aluminium industry. The announcement came after the department of Commerce had published its recommendations of the Section 232 report. “We regret President Trump’s decision to impose a tariff on all aluminium imports independent of their country of origin. European aluminium exports to the US, in view of both their quantity and characteristics, do not pose any threat to US national security. Most importantly, this blanket tariff does not address the root cause of the main challenges faced by the aluminium industry today: the unsustainable and steady increase of aluminium...
As updated by Shanghai Metals Market on the face of growing inventory and slow demand from smelters Weiqiao Group has lowered its prebaked anode purchasing price by RMB 200 per tonne for March at RMB 3,890-4,050 per tonne delivered. The March price followed an RMB 150 per tonne cut for February. The price drops indicate signs of an oversupplied prebaked anode market due to falling demand during the winter heating season. This led to an RMB 325 per tonne drop in the average prebaked anode price in the central China market bringing it down to RMB 3900 per tonne. In another update from SMM, China's social inventory of refined aluminium including SHFE warrants amounted to 2.13 million tonnes as of Thursday March 1, according to data. This is up from 2.07 million tonnes recorded on Monday...
As seen by Shanghai Metals Market LME aluminium is still under pressure from the strong US dollar and dropped to close at USD2143 per tonne on Thursday, March 1. LME aluminium rebounded and hit a high at $2,164.5 per tonne after US President Donald Trump announced that the country is to impose a 10% global tariff on aluminium. The contract is expected to trade higher today on positive sentiments. As on March 1, LME aluminium cash (bid) price stands at US$ 2142 per tonne, LME aluminium cash (offer) price stands at US$ 2143 per tonne; 3-months bid price stands at US$ 2136 per tonne, 3-months offer price is US$ 2138 per tonne; Dec 19 bid price stands at US$ 2173 per tonne, and Dec 19 offer price is US$ 2178 per tonne. The LME aluminium opening stock today drops to 1322150 tonnes, Live...
As seen by Shanghai Metals Market LME aluminium came under pressure from the strong US dollar and slipped to a low of USD2,129/t overnight and finally closed at USD2158 per tonne on Wednesday, February 28. Since LME aluminium inventory growth has come to a halt, aluminium prices on the bourse are expected to firm up soon. As on February 28, LME aluminium cash (bid) price stands at US$ 2158 per tonne, LME aluminium cash (offer) price stands at US$ 2158.50 per tonne; 3-months bid price stands at US$ 2137 per tonne, 3-months offer price is US$ 2138 per tonne; Dec 19 bid price stands at US$2,185 per tonne, and Dec 19 offer price is US$2,190 per tonne. The LME aluminium opening stock today stood at 1324475 tonnes, Live Warrants totalled at 1093400 tonnes, and Cancelled Warrants were 231075...
After staying passive since the reopening of trading after the Chinese New Year Holidays, buying started getting active in the aluminium physical market on Tuesday February 27. As said by Shanghai Metals Market, active trading has narrowed spot discounts. After a moderate gain yesterday, average A00 Aluminum Ingot prices gained again today to RMB 14,020 per tonne. The prices are expected to move within a range of RMB 14,000-14,040. Spot discount will range within RMB 200-160 per tonne today. In Shanghai and Wuxi, trading prices ranged at RMB 13,970-14,020 per tonne with spot discounts of RMB 200-180 per tonne against the SHFE 1803 contract. In Hangzhou trading took place at RMB 13,950-13,970 per tonne while those in Guangdong were seen at RMB 14,040-14,090 per tonne. On aluminium rod,...
The benchmark aluminium price on London Metal Exchange slipped further from US$2,188.50 per tonne to US$2,172.52 per tonne on Tuesday, February 27, as stocks were available and selling was regular. But finally LME aluminium inventory growth has come to a halt, which means aluminium prices on the bourse will firm up. Shanghai Metals Market opines that LME aluminium will stay firm in the near term trading at US$2,140-2,167 per tonne on Wednesday, February 28. As on February 27, LME aluminium cash (bid) price stands at US$2,171.50 per tonne, LME aluminium cash (offer) price stands at US$2,172.50 per tonne; 3-months bid price stands at US$2,146 per tonne, 3-months offer price is US$2,147 per tonne; Dec 19 bid price stands at US$2,198 per tonne, and Dec 19 offer price is US$2,203 per tonne....
Emirates Global Aluminium reported net income of AED 3.3 billion in 2017 on stronger aluminium prices and record production levels. The company’s revenue increased to AED 20.5 billion in 2017 compared to AED 17.1 billion in 2016. Adjusted EBITDA stood at AED 6.7 billion, up 31% from AED 5.1 billion in 2016. The company produced record 2.6 million tonnes of cast metal, exceeding 2016’s 2.5 million tonnes and making EGA the third largest producer of primary aluminium outside China. The company said it sold 268 thousand tonnes of metal to customers in the UAE in 2017. This included sales of hot liquid metal to customers located near EGA’s Al Taweelah smelter in Abu Dhabi. EGA’s sales of value-added products increased by 87 thousand tonnes in 2017 to 2.1 million tonnes, representing 82% of...
After having crossed the US$2,200 per tonne mark last Friday, LME aluminium dropped again on Monday, February 27, as nearby aluminium spreads came under intense pressure. The light metal contract closed at US$2,188.50 per tonne, down from US$2,210 per tonne on February 23. Shanghai Metals Market opines that with pressure still there from short bets, LME aluminium will continue to test resistance at the 60-day moving average and move within the US$2,152-2,165 per tonne range on Tuesday, February 27. As on February 26, LME aluminium cash (bid) price stands at US$2,188 per tonne, LME aluminium cash (offer) price stands at US$2,188.50 per tonne; 3-months bid price stands at US$2,159.50 per tonne, 3-months offer price is US$2,160.50 per tonne; Dec 19 bid price stands at US$2,212 per tonne, and...
Norsk Hydro has made a $345 million binding offer to acquire Rio Tinto’s wholly owned Icelandic aluminium plant ISAL. The transaction also includes Rio's 53% stake in Dutch anode facility Aluminium & Chemie Rotterdam B.V. (Aluchemie), and 50% stake in Swedish aluminium fluoride plant Alufluor AB (Alufluor). Hilde Merete Aasheim, Head of Hydro’s Primary Metal business area, said: “We see great potential in exchanging competence and technology elements between our aluminium plants. We are now running a technology pilot in Norway which aims to be the world’s most energy-efficient and climate friendly aluminium production facility. These innovations will be expanded to other Hydro facilities, and as part of Hydro, ISAL will benefit from such technological spin-offs and competence.” Rio Tinto...
A new aluminium smelter will be constructed beside the hydroelectric plant on Ecuador’s Santiago River, starting June 2024, Pablo Campana, the Ecuadorian Foreign Trade and Investment Minister, said during his recent visit to Qatar. Source: Sputnik International The project costing around US41.9 billion initially will be placed before many global companies including UC RUSAL for discussion. The integrated aluminium smelter will use electricity from the Santiago River hydroelectric plant only after ensuring adequate power supply to various regions of Latin America. Campana visited the Emirates Global Aluminum (EGA) headquarters in Jebel Ali last November, where he was received by top officials from the aluminium company. The two sides discussed ways to develop and strengthen economic and...
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today announced that its emissions of perfluorocarbons were a record low for the company in 2017, and that EGA has signed an agreement with the University of New South Wales to research further reductions. Perfluorocarbons, known as PFCs, are a group of greenhouse gases and cutting down PFC emissions remains an important environmental goal for the global aluminium industry. EGA’s emissions of PFCs were 22 kg per tonne of aluminium produced in 2017 compared to a global average of 380 kg per tonne in 2016, according to International Aluminium Institute statistics. At EGA’s newer Al Taweelah smelter, PFC emissions in 2017 were seven kilogrammes per tonne of aluminium produced. In the...
According to Shanghai Metal Market, SHFE’s aluminium inventory jumped to a record high at 811,839 tonnes as on Friday February 23, as shown by SHFE data. The stocks have been rising every week since late June 2017 and it is mostly driven by lower consumption by domestic manufacturers. There is no such significant movement in the prices of commodities and the raw materials. After the first significant gain on Friday Feb 23 to RMB 13,940, average A00 aluminum Ingot prices dropped today to RMB 13,910 per tonne. The prices are expected to move within a range of RMB 13,890-13,930. Spot discount will range within RMB 290-250 per tonne today. In the individual markets primary aluminium ingot prices drop around all markets. However, in the North China market aluminium ingot prices shot up RMB...
The benchmark aluminium price on London Metal Exchange climbed higher on Friday, February 23, to cross the US$2,200 per tonne mark as the market got direction from the return of China to trading after Lunar New Year Holidays. The light metal contract closed at US$2,210 per tonne, up from US$2,190 per tonne. Shanghai Metals Market forecasts that LME aluminium will trade at US$2,130-2,160 per tonne range on Monday, February 26, after testing resistance at the 60-day moving average. As on February 23, LME aluminium cash (bid) price stands at US$2,209 per tonne, LME aluminium cash (offer) price stands at US$2,210 per tonne; 3-months bid price stands at US$2,165 per tonne, 3-months offer price is US$2,165.50 per tonne; Dec 19 bid price stands at US$2,213 per tonne, and Dec 19 offer price is...
Responding to the U.S. Commerce Department’s tariff recommendations on steel and aluminium imports, President Donald Trump has expressed his willingness to impose the hardest of tariffs on steel and aluminium. As told to his confidants Trump is looking a global tariff of 24 per cent on steel imports, the hardest of the three options presented to him by the Commerce Department in January. As for aluminium is concerned, he is said to be considering as much as a 10 per cent duty on all imported aluminium, which would be about 2.5 per cent higher than the Commerce’s highest recommendations. Political and economic analysts are of the view that such huge tariffs on widely used commodities could spark retaliation from exporting countries like China and Canada and rise prices of end-use products...
President of Rusal and En+ Group Oleg Deripaska has stepped down from his post and Vladislav Soloviev, the previous CEO of Rusal has been appointed as the CEO of En+ and the President of RUSAL. Alexandra Bouriko, previously Chief Financial Officer of RUSAL will take up the position of the Chief Executive Officer of RUSAL. As CEO, Alexandra Bouriko’s focus will be on the Company’s long-term development, through implementation of RUSAL’s facilities efficiency programme as well as the introduction of modern technologies, designed to cut down the environmental footprint. She will also drive the output growth of value-added products, which is the current focus of the company. Development of the domestic market and continued expansion of aluminium applications cross-sector would be her other...
