China's domestic spot alumina prices continued their gradual downward trend last week, with sporadic discounted transactions emerging in the market, based on Mysteel's survey. The pressure was partly contributed by the persistent expectation of fresh supply coming online in southern China, leaving...
A NewPro study supports a staged 2,000-to-4,000-tonne-per-year high-purity alumina plant on the US Gulf Coast, with a post-tax NPV of about USD373 million and a 42.3 per cent IRR. Impact Minerals is advancing plans for a modular high-purity alumina (HPA) plant in the US after an independent scoping...
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Futures Market: Before the holiday, the most-traded alumina 2505 futures contract opened at RMB 3,586 per tonne, reached a high of RMB 3,628 per tonne, a low of RMB 3,570 per tonne, and closed at RMB 3,606 per tonne, up RMB 20 per tonne or 0.56 per cent. Open interest was 95,800 lots, down 2,105...
National Aluminium Company (NALCO) experienced an eventful trading session on January 31, 2025, surpassing the nation’s aluminium sector. Despite trading below past key moving averages, it delivers a high dividend yield. The stock’s recent performance contrasts with broader market trends. NALCO’s...
According to SMM data, the average tax-inclusive full cost of China's aluminium industry in January 2025 was RMB 19,989 per tonne, down 5.3 per cent M-o-M and up 22.7 per cent Y-o-Y, mainly due to the sharp pullback in spot alumina prices during the period. The average spot price of SMM A00...
On the January 24 morning commentary of SMM, Futures Market, during the night session, saw the most-traded alumina 2502 contract opening at RMB 3,668 per tonne, hitting a high of RMB 3,689 per tonne and a low of RMB 3,641 per tonne, and finally closing at RMB 3,660 per tonne, down RMB 58 per tonne...
Recently, no new transaction prices have been observed for imported bauxite from Guinea, as buyers and sellers remain in a standoff. However, both supplier quotations and the intended prices from bauxite buyers have shown a decline, suggesting that the price of imported bauxite from Guinea may...
During the night session, the most-traded alumina 2502 futures contract opened at RMB 3,800 per tonne, with a high of RMB 3,806 per tonne and a low of RMB 3,772 per tonne, closing at RMB 3,784 per tonne, down RMB 17 per tonne or 0.43 per cent. Open interest stood at 48,700 lots. As for spot alumina...
Recently, the weekly operating rate of alumina has continued to increase slightly, with no significant changes on the demand side. The price centre of recent spot alumina transaction prices remains on a downward trend, but the decline has narrowed compared to earlier periods. As of now, alumina...
In the Futures Market, during the night session, the most-traded alumina 2502 futures contract opened at RMB 3,832 per tonne, reached a high of RMB 3,861 per tonne and a low of RMB 3,804 per tonne, and finally closed at RMB 3,838 per tonne, down RMB 36 per tonne or 0.94 per cent. Open interest...
Press Metal Aluminium Holdings Bhd’s (KL: PMETAL), a leading aluminium smelting and extrusion facility based in Malaysia, has its fourth quarterly earnings expected to come in a range of RM 375 million (USD 83.25 million) to RM 400 million (USD 88.8 million), according to Hong Leong Investment Bank...
In 2024, the domestic alumina market experienced frequent disruptions. The supply gap of bauxite limited the increase in domestic alumina capacity, overseas alumina production cuts occurred, and the resumption of aluminium production in Yunnan was earlier than expected. During the dry season, no...
Since mid-to-late October 2024, imported bauxite prices have accelerated their rise, with bulk transaction prices surging from US$75-77 per tonne to a peak of US$128-130 per tonne. However, recently, spot alumina prices have accelerated their decline. As of this Thursday, aluminium smelters in...
[ SMM Morning Comment on Alumina: Increased Low-Price Transactions Domestically and Internationally, Short-Term Alumina Prices Expected to Decline] : Recently, the weekly operating rate of alumina has continued to increase slightly, with no significant changes on the demand side. Low-price spot...
History repeated itself, yet again! After iron, Glencore Plc is on the verge of losing its top aluminium segment traders to new competitors like Vitol Group and Mercuria Energy Group Ltd. This is the latest hint that energy firms’ return to metals is fuelling a talent war in the industry. Image...
Shares of National Aluminium Company Limited (NALCO) lost value as the Nifty Metal index wrapped up the first week of 2025 on January 3. The Metal index itself remained relatively subdued, gaining just over 1 per cent at its highest point during the day before closing flat. While NALCO’s shares...
The New Year 2025 is expected to deliver strong financial and operational performance for Press Metal Aluminium Holdings Berhad, a Malaysia-based aluminium company with extensive global reach, thanks to the rising demand from China and reduced raw material costs due to increased alumina supply....
The SMM aluminium market has clocked a growth of RMB 100 per tonne to settle at RMB 19,770 per tonne as of today (January 2, 2025). The prices have grown in all the regions, with the highest in Gongyi and Shenyang, where it has gained RMB 110 per tonne to settle at RMB 19,770 per tonne and RMB...
The Shanghai Metals Market, on January 1, 2025, recorded a growth of RMB 70 per tonne to settle at RMB 19,770 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne. A00 aluminium ingot On the same day, the prices in...
Shanghai Metals Market (SMM), on the last day of the year, has been super active in the stance of base metal—aluminium pricing. From raw material to primary ingot to secondary ingot, such fluctuations in pricing have been a rare incident in recent times. During the winters, a lot of smelters have...
