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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Hydro has announced through a press release that it has made progress in securing safe and stable operations across the operations after the extensive cyber-attack on Tuesday. The release says that Hydro’s technical team has been able to detect the root cause of the problems with external help and is currently working on to restart the company’s IT systems in a safe and sound manner. The company however has not mentioned exactly how long it would take to restore stable IT operations. After the detection of the problem, Hydro isolated all plants and operations and switched to manual operations and procedures yesterday. Hydro is currently focusing on ensuring safe operations and limiting operational and financial damage. “I’m pleased to see that we are making progress, and I’m impressed to...
As updated by Shanghai Metals Market, aluminium purchasing enthusiasm among traders and downstream consumers across China’s eastern and southern spot markets substantially improved this morning ahead of value-added tax cuts, resulting in brisk trades across the markets. Spot aluminium in Shanghai mostly traded at RMB13,950 per tonne and RMB13,970 per tonne, an increase of some RMB70 per tonne from the previous. On Tuesday, spot aluminium were traded at RMB13,880 per tonne and RMB13,890 per tonne. Premiums over the front-month April contract on the Shanghai Futures Exchange stood at RMB240 per tonne and RMB260 per tonne, slightly wider than RMB240 per tonne and RMB250 per tonne on Tuesday, March 19. In Wuxi, spot deals mostly occurred at RMB13,950 per tonne and RMB13,970 per tonne, while...
The US dollar edged lower against a basket of major currencies due to concerns over the strength of the American economy and expectations that the Federal Reserve will prove accommodative at its meeting this week. Base metals closed higher on Tuesday and aluminium grew 0.66%. SHFE aluminium closed 0.81% higher. LME aluminium climbed to US$1,944 per tonne after it was reported that Norsk Hydro’s aluminium smelters were hit by a cyber-attack. This was before it jumped to a three-month high of US$1,946 per tonne, and ended at US$1,940 per tonne. The light metal contract is expected to trade at a broad range of US$1,850-1,950 per tonne. As on March 19, LME aluminium cash (bid) price stood at US$ 1907 per tonne, LME official settlement price stands at US$ 1907.50 per tonne; 3-months bid price...
According to Shanghai Metals Market, spot aluminium premiums in Shanghai further widened this morning, on March 19, ahead of a value-added tax cut from next month. Transactions of spot aluminium in Shanghai were mostly heard at RMB 13,880 per tonne to RMB 13,890 per tonne, up by some RMB 90 per tonne from the previous day. Premiums over the front-month April contract on the Shanghai Futures Exchange came in at RMB 240 per tonne to RMB 250 per tonne, wider than RMB 220 per tonne to RMB 230 per tonne on Monday, March 18. In Wuxi, spot deals mostly occurred at RMB 13,880 per tonne to RMB 13,890 per tonne while that in Hangzhou at RMB 13,890 per tonne to RMB 13,910 per tonne. Spot aluminium trades across eastern markets were brisk this morning as the imminent tax cuts triggered purchasing...
Norsk Hydro, one of the world’s biggest aluminium producers, announced on Tuesday that the company is “shifting over to manual operations where possible” in the wake of cyber-attack during the night, affecting aluminium operations in a number of business areas. “Hydro is working to contain and neutralize the attack, but does not yet know the full extent of the situation,” it said in a statement. Norsk Hydro’s website was down on Tuesday. The company was not available for further comment. The news sent Hydro’s share price tumbling 2.0 percent in early trading on the Oslo Stock Exchange. The cyber-attack came a day after Hilde Merete Aasheim was appointed as new CEO and President of Hydro. Aasheim will succeed Svein Richard Brandtzæg, who steps down after 10 years.
All eyes are on the global aluminium industry now after a year of supply uncertainty and price volatility driven by trade wars between the U.S. and its allies, punitive sanctions against Rusal aluminium and 50% production cut at Alunorte alumina refinery. The beginning of 2019 is however, indicating most of these issues surrounding the aluminium industry are expected to be resolved and supply as well as the price would stabilise during the course of the year. AlCircle has launched its report “Preview of Global Aluminium Industry Outlook 2019”, which has analysed the way aluminium value chain is poised to grow in 2019 vertical wise. The analysis looks the policy changes and developments of 2018 while projecting a way forward for the aluminium value chain in 2019. The report has already...
The US dollar changed little against a basket of currencies, sticking close to a two-week low. Base metals closed mixed and LME aluminium jumped 1.5%. SHFE aluminium increased 0.51%. A lower US dollar lifted LME aluminium from last Friday’s closing to US$1879 per tonne during the first day of the week. As shorts exited, LME aluminium rebounded from a low of US$1,880.5 per tonne and jumped to the highest since February 18, at US$1,928.5 per tonne during night trading. It may trade at US$1,860-1,940 per tonne today. As on March 18, LME aluminium cash (bid) price stood at US$ 1878 per tonne, LME official settlement price stands at US$ 1879 per tonne; 3-months bid price stands at US$ 1898 per tonne, 3-months offer price is US$ 1899 per tonne; Dec 20 bid price stands at US$ 2025 per tonne, and...
The A00 aluminium ingot price continues to grow today, on March 19, to reach RMB 13,870 per tonne, found Shanghai Metals Market. Yesterday, on March 18, the price was at RMB 13,810 per tonne, which represents that it has grown today by RMB 60 per tonne. The average prices are expected to range between RMB 13,850 per tonne and RMB 13,890 per tonne, with spot premium to settle at RMB 220 per tonne to RMB 260 per tonne. Yesterday the spot premium was expected to settle at RMB 230 per tonne to RMB 270 per tonne, which shows that it has dipped by RMB 10 per tonne today. In the east (Wuxi and Jiangsu), the ingot price has grown by RMB 90 per tonne to stand at RMB 13,885 per tonne and RMB 13,900 per tonne. In the south and north, on the other hand, the ingot prices are up by RMB 70 per tonne and...
Shanghai Metals Market anticipates that operating rates across prebaked anode producers may continue to decline in March as sluggish prices in the market will prevent some plants from recovering after the winter heating season. As of the middle of March, downstream consumption remained poor while primary aluminium plants continued to cut capacity in February. Cash flow issues and aluminium smelters’ demand for high-quality products are some of the other factors that can affect prebaked anode producers operations in March, found SMM. The research data of SMM showed that operating rates across China’s prebaked anode producers had averaged at 57.97 per cent in February, down 0.99 percentage point from January. A falling market and production cuts were some of the reasons behind lowered...
Emirates Global Aluminium (EGA) reportedly announced in a press release that it entered into a volume commitment extension contract with the global shipping company A.P. Moller – Maersk, in a bid to transport aluminium to all around the world. Maersk is one of EGA’s most significant shipping partners and has supplied shipping services to the UAE aluminium giant since 1992. Currently, EGA exports aluminium to customers in more than 60 countries worldwide, through 20 different shipping lines, and makes more than 11,000 shipments each year using over 100,000 containers. EGA’s aluminium is the second largest made-in-the UAE export after oil and gas. In 2018, EGA produced 2.6 million tonnes of cast metal. Over 80 per cent of EGA’s production is value added products, one of the largest among...
Norwegian aluminium company Norsk Hydro ASA has appointed Hilde Merete Aasheim as new President and CEO of Hydro. Aasheim succeeds Svein Richard Brandtzæg, who has decided to step down after 10 years. Aasheim's new role is effective May 8, 2019. Dag Mejdell, chairperson of Hydro’s Board of Directors said: “I am pleased to announce that Hilde Merete Aasheim has accepted the job as President and CEO of Hydro. Based on her unique combination of broad industrial experience, commercial instinct and strong leadership skills, Aasheim is the perfect fit as Hydro’s new CEO.” “With more than 30 years of experience from Norwegian and global industry and an impressive track record of industry-leading improvement and change processes, Hilde has what it takes to further strengthen Hydro’s position as a...
The US dollar dropped and recorded the biggest weekly loss in more than three months, affected by poor US economic data. Base metals ended mixed as LME aluminium closed 0.32% lower. SHFE aluminium fell 0.37%. LME aluminium fluctuated with the SHFE 1905 contract and dropped to US$1,900 per tonne during the Asian trading session. A lower US dollar lifted LME aluminium to US$1,904 per tonne, and settled it at US$1,896 per tonne. With the K-line indicator testing support at the 20-day moving average below, LME aluminium is expected to trade at US$1,860-1,930 per tonne today. As on March 15, LME aluminium cash (bid) price stood at US$ 1867 per tonne, LME official settlement price stands at US$ 1868 per tonne; 3-months bid price stands at US$ 1890 per tonne, 3-months offer price is US$ 1892 per...
A00 aluminium ingot price has increased over the weekend by RMB10 per tonne to clock at RMB13810 per tonne as of Monday, 18 March 2019. The average price is expected to range between RMB13790 per tonne and RMB13830 per tonne, with spot premium to settle at RMB230 per tonne and RMB270 per tonne. In the East (Wuxi and Hangzhou), the aluminium ingot price has increased by RMB5 per tonne and RMB20 per tonne to stand at RMB13795 per tonne and RMB13810 per tonne. Their average price is expected to range between RMB13790-13800 per tonne and RMB13790-13800 per tonne. In the South, the price has risen by RMB 40 per tonne to hover at RMB 13790 per tonne. The average price is expected to range between RMB13770 per tonne and RMB13810 per tonne. In the Northeast, the price has registered the highest...
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, rose 1,000 tonnes over the weekend ended on March 18 to come in at 1.755 million tonnes. New arrivals of stocks in Guangdong in the amount of 13,000 tonnes contributed to the gains in overall stocks over the weekend. However, compared to Thursday, March 14, the increase in primary aluminium inventories today was slower. On Thursday, the inventories had risen 5,000 tonnes from March 11, in contrast to the growth of 1,000 tonnes today. In Wuxi, Jiangsu and in Shanghai, the inventories fell over the weekend from 628,000 tonnes and 313,000 tonnes to 623,000 tonnes and 312,000 tonnes. In Hangzhou, Zhejiang and in Tianjin, the inventories plunged...
The oil-rich but crisis-ridden South American country of Venezuela suffered a massive blackout on March 7, affecting at least 18 of its 23 states. The power cut put the transport system in chaos and many facilities had to shut down in absence of power. The blackout started at 1:05 a.m. and lasted until 6:00 a.m. In those five hours, the last electrolytic cells still operating in the only two aluminium-processing companies in the country Venalum and Alcasa went off. The Venalum smelter was operating with 59 cells while Alcasa was operating with only 14. Both the companies were already at their minimum operational capacities, and they stopped entirely on Friday, March 8th. Alcasa was founded in 1957 and Venalum was founded in 1978. The huge energy requirement for these smelters was...
The US dollar weakened this week after progress in Brexit negotiations between the European Union and Britain and dipped to the lowest since March 4, at 96.37 on March 14, after new inflation data increased expectations that US interest rates will not be raised anytime soon. Base metals traded mixed over the week. Both LME and SHFE aluminium traded bullish over the week and registered a slight drop on Friday. LME aluminium started the week on an upward trend with US$ 1830 per tonne and touched its highest on March 14 at US$ 1873.5 per tonne. The contract jumped above all moving averages after Norway’s Norsk Hydro said that production at its Neuss plant in Germany would likely to fall due to an accident. A lower US dollar also pulled the prices. The contract ended the week at US$ 1868 per...
On Friday, March 15, Norsk Hydro reported weakened underlying earnings before interest and tax by 2.15 billion crowns ($251.61 million) in its 2018 financial report, amidst some of its positive developments like the upgrade of the Husnes Plant and the ramp-up of the Karmøy technology pilot to produce the world’s most climate and energy-efficient primary aluminium. The decline of Hydro’s 2018 underlying EBIT could be because of the higher raw material costs and reduced operations at Hydro’s Alunorte plant. In addition, different tariffs and sanctions that influenced global markets and trade flow over the past year also apparently took a toll. Alunorte, the world’s largest alumina refinery, has been running at half its capacity after Hydro admitted that it had to make unlicensed emissions...
ALUMINUM USA is the leading exhibition and technical conference for aluminum products, technologies and investments in the United States is taking place on September 12-13, 2019 at Nashville, TN USA. The mega event brings together the global aluminium industry every two years. ALUMINUM USA represents the entire value chain offering solutions for the aluminium industry and all applications fields. The event is attended by approximately 2,000 key decision makers from the industry. ALUMINUM USA, being organized by Reed Exhibition in collaboration with Aluminum Association has recently announced the names of the members of its Advisory Board that includes the top industry players and analysts. The recent addition to the Board was Anthony Tropeano, who retired as CEO of FATA SpA in January...
