Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
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Alcoa, the Pittsburgh-based aluminium giant, is preparing to absorb up to USD 90 million costs this quarter (Q2) as a result of tariff impact. Yes, you read that correctly! Despite being a US-headquartered aluminium manufacturer, the company is preparing for the financial hit from these tariffs....
In a recent development for the London Metal Exchange’s (LME’s) Asian strategy, the announcement of its approval of the first four warehouse facilities in Hong Kong in April 2025 floated in the trading market. These newly approved warehouses, operated by a trio of company pairs, are slated to...
On April 2, 2025, President Donald Trump announced sweeping tariffs, including on aluminium, from the White House Rose Garden. The International Monetary Fund (IMF) warned on April 22 that these tariffs threaten global growth. The IMF lowered its global economic forecast due to rising trade...
On April 24, SMM A00 aluminium was quoted at RMB 19,980 per tonne, up RMB 70 per tonne from the previous trading day, with a premium of RMB 10 per tonne against the May contract, down RMB 10 per tonne from the previous trading day. On April 24, SMM A00 aluminium (Foshan) was quoted at RMB 19,930...
The International Aluminium Institute has revealed the world’s primary aluminium production for the first quarter of 2025, highlighting a year-on-year increase of 1.34 per cent. But if compared to the growth rate of last year, it is about a 3 per cent less. In Q1 2024, the world primary aluminium...
In the previous night session, the most-traded SHFE aluminium 2506 contract opened at RMB 19,765 per tonne, with a high of RMB 19,810 per tonne, a low of RMB 19,730 per tonne, and closed at RMB 19,755 per tonne, up RMB 10 per tonne or 0.05 per cent from the previous close. LME aluminium opened at...
Just when we thought ‘zero-for-zero’ was gathering dust in the diplomatic archives, India is breathing new life into the idea, and this time, the country is refusing to take no for an answer. Indian industry is rallying for tariff-free trade on aluminium, steel, and autos through a proposed...
India Government is reportedly initiating a bilateral trade talk with the United States to address the 25 per cent tariff concern on aluminium and steel exports, scheduled on April 23, 2025. The move follows India’s approach to the World Trade Organization, arguing the Trump administration’s tariff...
In light of recent media speculation over the past few weeks—including reports concerning a proposal from Mr James Cameron to acquire Eurasian Resources Group (ERG)—Mr Shukhrat Ibragimov, Chairman of the Board of Directors and CEO of ERG, has clarified that there are no ongoing negotiations...
Premier Energies, a prominent producer of solar modules and cells, has announced the incorporation of a wholly owned subsidiary, Premier Energies GWC Private Limited. As per the regulatory filing, this new subsidiary will focus on the manufacturing and processing of silicon ingots and wafers using...
The United States’ 2024 aluminium market has further demonstrated a clear shift from primary to secondary sector, as evidenced by a Y-o-Y drop in primary metal production and a rise in scrap recovery. According to the United States Geological Survey, the country’s primary aluminium production...
2025 can be called as the year of trade, tariffs and war. This week or that week, the tariff implications are growing stronger and more tensed with each passing day. The latest salvo being Scott Bessent’s statement that “all options are on the table,” including the potential delisting of Chinese...
In response to India’s complaint to the World Trade Organization (WTO) on April 11 , labelling the US tariffs as safeguard measures, the United States countered by asserting that the tariffs were imposed on national security grounds, not as safeguards. Image source: Wikipedia The Trump...
According to the customs data, in March 2025, China witnessed a 10.6 per cent decline in aluminium imports, including unwrought aluminium and aluminium products, year-on-year to 340,000 tonnes. Image source: IndiaMART In March 2024, China’s primary aluminium imports surged by 246 per cent...
In a recent comment, He Zhigang, Deputy General Manager of Henan Mingtai Al. Industrial Co. said that China’s producers are “numb to tariffs,” citing years of trade restrictions imposed by Western countries. He added that demand for the metal produced in China remains strong due to its...
Aluminium futures remain under pressure, trading below USD 2,400 per tonne and holding near their eight-month low of USD 2,340 hit on April 9. The slump is an after-effect induced by escalating US-China trade tensions that have cast a shadow over global manufacturing. Following tit-for-tat tariff...
North America (US and Canada), which is currently embroiled in the ongoing trade war, is otherwise a key aluminium market, with demand consistently reaching millions of pounds annually, primarily driven by semi-fabricated and mill product. Although the demand decreased in 2023 to 26,087 million...
Alcoa Corporation delivered a robust financial performance in the first quarter of 2025, marking a sharp turnaround from the prior year and a solid improvement over the previous quarter. Net income more than doubled sequentially, driven by higher aluminium prices, effective cost management, and...
