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Primary aluminium news

Gain a competitive edge with real-time insights into primary aluminium trends, market dynamics, global developments, strategic foresight and business advancements.

Top Stories
Aluminium billet inventory drops to 139,500 tonnes, warehouse withdrawals recover, processing fees under pressure across the board
30 Aug 20264MINS
Aluminium billet inventory drops to 139,500 tonnes, warehouse withdrawals recover, processing fees under pressure across the board
Aluminium billet inventory fell to 139,500 tonnes, warehouse withdrawals recovered and processing fees were broadly under pressure. According to SMM statistics, China's aluminium billet inventory in major consumption areas recorded 139,500 tonnes on August 27, down 5,000 tonnes from last Monday and down 3,500 tonnes from last Thursday, ending the previous continuous inventory buildup trend and turning to a slight decline during the week. Compared with the same period, inventory was 5,500 tonn ...
Maaden secures $1b in oversubscribed financing as Saudi mining push accelerates
29 Aug 20264MINS
Maaden secures $1b in oversubscribed financing as Saudi mining push accelerates
Saudi Arabian Mining Co. (Maaden) has secured USD 1 billion in inaugural international syndicated credit facilities, with strong demand from global lenders highlighting confidence in the company's expansion strategy and Saudi Arabia's broader mining ambitions. Maaden has secured USD 1 billion in international credit facilities as the Saudi mining giant looks to expand its operations and capture opportunities created by the Kingdom's rapidly developing mining sector. The financing was signifi ...
29 Aug 20263MINS
Macro front sentiment weakens, long-term oversupply pressure still exists
Macro perspective The US-Iran situation saw a temporary easing, with market expectations for restored strait navigation rising. International oil prices pulled back for three consecutive days, and the geopolitical risk premium continued to fade. However, the outlook for US-Iran negotiations remains uncertain, and regional instability has not been completely eliminated. The Jackson Hole Symposium will be held from August 27 to 29, where Fed Chairman Warsh will deliver his first major policy s ...
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