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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On Friday, November 29, the A00 aluminium ingot price has descended by RMB 40 per tonne to clock at RMB 20,360 per tonne, with the spot contract price expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The average prices are expected to stand between RMB 20,340 per tonne and RMB...
On Thursday, November 28, the A00 aluminium ingot price declined by RMB 140 per tonne to settle at RMB 20,400 per tonne, with the spot contract price expected to be traded at a premium price of RMB 10 to RMB 50 per tonne. The average prices may range between RMB 20,380 per tonne and RMB 20,420 per...
On Wednesday, November 27, China’s A00 aluminium ingot price has dropped by RMB 60 per tonne to settle at RMB 20,540 per tonne with the average prices standing between RMB 20,520 per tonne and RMB 20,560 per tonne. The prices have fallen in all the provinces, with the highest in Linyi, where it has...
United Company Rusal, the world’s second-largest aluminium company by primary metal output, has announced a reduction of 6 per cent in production in response to the global alumina price surge, causing skyrocketed production costs. Slow economic progress dampening domestic demand for aluminium is...
On Monday, November 25, the A00 aluminium ingot price opened the week with a growth of RMB 60 per tonne to settle at RMB 20,670 per tonne, with the spot contract price expected to be traded at a premium price of RMB 50 to RMB 90 per tonne. The average prices may range between RMB 20,670 per tonne...
According to the Shanghai Metals Market (SMM) on Friday, November 22, the price of alumina has added RMB 18 per tonne to settle at RMB 5,691 per tonne. On the same day, the prices in Shanxi, Henan and Shandong have grown by RMB 25 per tonne and RMB 20 per tonne to settle at RMB 5,750 per tonne, RMB...
Alumina prices are still on the rise in the Shanghai Metals Market (SMM). But, after a long wait, the price hike rate has decreased in the past couple of days, sparking hope among aluminium industrial manufacturers, traders and suppliers. Image Source: https://www.britannica.com/ Alumina pricing:...
On Wednesday, November 20, the average alumina spot price in China has ascended by RMB 13 per tonne to settle at RMB 5,659 per tonne. The alumina price has continued its growth trajectory since September. The prices of Lianyungang and Bayuquan have surged by RMB 50 per tonne to peg at RMB 6,050 per...
According to the Shanghai Metals Market (SMM) analysis, the average alumina spot price has hiked by RMB 24 per tonne to settle at RMB 5,646 per tonne. W-o-W, the price has grown by RMB 156 per tonne or 2.84 per cent, and M-o-M the alumina price has shown a surge of RMB 1,039 per tonne or 22.55 per...
On Monday, November 18, the average alumina spot price in China has marked a hike of RMB 22 per tonne to settle at RMB 5,622 per tonne, reflecting a Y-o-Y surge of RMB 2,624 per tonne or 87.52 per cent from RMB 2,998 per tonne. Image Source: Tradeindia As per the Shanghai Metals Market (SMM) data,...
On Friday, November 15, the average alumina spot price closed the week with a growth of RMB 33 per tonne to settle at RMB 5,600 per tonne. The alumina prices have shown incredible growth since September arriving at RMB 5,600 per tonne as of today. Image Source: Itaforte The prices have grown in...
As the week progresses, on Thursday, November 14, the alumina price surge trend, witnessed since the initial days of September, continues its upward climb in a similar ratio. Image Source: https://www.made-in-china.com/ Alumina pricing Today, the nearly colourless crystalline substance stood at RMB...
On November 12, 2024, the Forces Vives coalition of Guinean opposition groups, civil society organisations, and activists called for establishing civilian rule by January 1, 2025. The junta, which came to power through a coup in 2021, had initially proposed a two-year transition to elections,...
The average alumina price on Wednesday, November 13, has now crossed RMB 5500 per tonne in the Shanghai Metals Market. The average cost, after a gain of RMB 39, has stood at RMB 5529 per tonne, whereas the provincial prices in Lianyungang and Bayuquan are short of a mere 100 bucks to reach RMB 6000...
As of Tuesday, November 12, the Shanghai Metals Market has continued on an upward price trajectory for alumina, with some of the province's prices reaching close to RMB 6000 per tonne. The average alumina price was RMB 5,490 per tonne, an additional RMB 49 compared to the previous day's pricing....
The SMM alumina price has experienced a challenging momentum since the beginning of September. The average alumina spot price has shown unprecedented growth, reflecting a Y-o-Y spike of RMB 2,435 per tonne or 81 per cent from RMB 3006 per tonne recorded on November 13, 2023. Image Source: Itaforte...
This week has brought notable progress in the upstream sector of the aluminium industry, encompassing bauxite, alumina, and primary aluminium. Australia's Metro Mining sets a new monthly record for bauxite shipments in October, reaching 69.5 per cent of its annual target. A key highlight was the...
On November 08, 2024, Shanghai Metals Market saw the price of alumina rise to RMB 5,391 per tonne on average. However, the real eyecatcher was the price climb in the provinces of Lianyungang and Bayuquan. The price of alumina has been on a rapid surge spree since the beginning of September. Despite...
