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 November 7, Alcoa announced the suspension of bauxite shipments from Brazil’s Juruti port due to a vessel stranded in the waterway. This marks the latest in a series of supply chain disruptions impacting the aluminium raw material market, contributing to record-high alumina prices and supporting...
The combination of high alumina prices, positive sentiment in relation to the Chinese economy, the US$ index moving down, and small shortages of metal has seen metal prices rise to over RMB21,000/ tonne. However, there are also signs that the price may have moved higher into the stratosphere....
According to the Shanghai Metals Market (SMM) analysis, the average alumina spot price in China has continued its upward trajectory, reflecting a W-o-W hike of 5.37 per cent and a y-o-Y surge of 77 per cent from RMB 5,056 per tonne and RMB 3,010 per tonne. Image Source: Itaforte Alumina price...
The average alumina spot price in China has added RMB 44 per tonne overnight to reach a new high of RMB 5,253 per tonne on Wednesday, November 6. The continued supply disruption on the suspension of GAC’s bauxite exports from Guinea, while the latter remains the primary source of imported bauxite,...
The price progress of alumina in the Shanghai Metals Market (SMM) has continued to maintain its upward trajectory, arriving at RMB 5,209 per tonne as of today. The alumina price has hiked by RMB 41 per tonne and W-o-W the price has grown by 5.23 per cent from RMB 4,950 per tonne on October 29....
In October 2024, the LME aluminium prices saw renewed strength despite the headwinds of a stronger US dollar and varied economic indicators from key markets. After reaching a cash-month low of $2,521 per tonne on October 15, prices rebounded to USD $2,617 per tonne by the month's close. A major...
The average alumina spot price in China has opened the week with a surge of RMB 59 per tonne to settle at RMB 5,168 per tonne. As per the Shanghai Metals Market (SMM), the alumina price has continued its record-breaking climb, reflecting a W-o-W hike of RMB 268 per tonne or 5.46 per cent. Image...
This week has seen significant developments in the upstream sector of the aluminium industry, which includes bauxite, alumina, and primary aluminium. Notably, the average spot price for alumina in China surpassed RMB 5000 for the first time on Wednesday, settling at RMB 5,007 per tonne before...
As the week concludes, the price progress of alumina in the Shanghai Metals Market (SMM) continues to break records. The week started with the average alumina price of RMB 4900 per tonne and concluded with RMB 5,109 per tonne on November 1, 2024, with a total increase of close to 4.3 per cent...
On Thursday, October 31, the average alumina spot price in China has gained RMB 49 per tonne to settle at RMB 5,056 per tonne. The average alumina prices have shown growth in all the major regions, with the highest in Guizhou where it has surged by RMB 65 per tonne to settle at RMB 5000 per tonne....
The average alumina spot price in China, without much surprise, has finally reached the RMB 5000 mark. As of today, the price has hiked by RMB 57 per tonne to arrive at RMB 5,007 per tonne, reflecting a Y-o-Y surge of 66.40 per cent. The alumina prices have been growing significantly since...
The average alumina spot price in China has shown a remarkable price surge amidst limited bauxite supply, which is crucial for domestic refineries. As of October 29, the price has surged by RMB 50 per tonne to settle at RMB 4,950 per tonne, reflecting a 3.99 per cent W-o-W growth. However, if the...
The average alumina spot price in China shows no signs of easing its upward trajectory shortly amid limited bauxite inflow into the domestic market to feed refineries and heavy demand for alumina for primary aluminium production. As of October 28, China's domestic alumina price has entered yet...
The week four of October 2024 closes with the frown on the traders' foreheads worsening as the alumina price range does not disperse any ray of hope. On October 25, the price of alumina was only RMB 50 short of touching 5,000 as the price range in Shandong and Shanxi reflected to be RMB 4,800-4,950...
Iran's alumina powder production reached 96,685 tons in the first five months of the current Iranian calendar year, running from March 20 to August 21, as reported by the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO). Despite ongoing economic and geopolitical...
As week four of October progresses, the price of alumina, too, advances towards touching RMB 5000 in the Shanghai Metals Market, which can be safely said to be the highest in the known time frame. On Thursday, October 24, alumina prices in the SMM market touched RMB 4,810 per tonne, whereas some of...
Following supply disruptions due to unfavourable weather conditions, blockage on bauxite export from Guinea Alumina Corporation has led China’s domestic average alumina price to a new high at RMB 4,760 per tonne on October 23, found the Shanghai Metals Market. Over a day, the price has gained RMB...
Alumina's prices, without much surprise, follow the upward path of the price range on Tuesday, October 22. As disclosed by SMM, the average alumina price is RMB 4,698 per tonne, which is 56 per cent higher than last year's October 23 price (RMB 2998 per tonne). The Y-o-Y price leap has caused a...
