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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According to the Statistical Institute of Jamaica (STATIN), Jamaica's Mining and Quarrying industry recorded a significant 33.6 per cent increase in export earnings during the first quarter of 2024. The sector's earnings climbed to US$148.7 million, up from US$111.3 million in the same period last...
On Tuesday, July 23, Norsk Hydro ASA, a Norwegian aluminium and renewable energy company, headquartered in Oslo, posted its second quarter results for 2024, revealing a 7 per cent sequential increase in revenue to NOK 50,944 million versus NOK 47,545 million in Q1. However, on a year-on-year basis,...
Hong Leong Investment Bank (HLIB) reportedly expects Press Metal Aluminium Holdings Bhd’s core earnings to increase by up to 20 per cent Q-o-Q and 60 per cent Y-o-Y in the second quarter of CY2024, led by higher prices of the metal. According to Hong Leong’s projection, the company’s Q2 earnings...
China achieved a record-high production of primary aluminium, reaching 3.65 million tonnes in May 2024, comparable to output levels seen in August and September of the previous year. This surge is bolstered by the restarting of smelters in Yunnan after a prolonged shutdown, promising an annual...
The Chinese domestic alumina market has consolidated recently at a high level. Prices remain up around RMB3800/tonne, almost RMB1000 above where they were just a few weeks ago. There's little chance of prices going down, as demand is still strong and supply lines are still struggling. Imported ore...
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has plummeted by RMB 360 per tonne over the weekend to reach RMB 20,810 per tonne as of Tuesday, June 11. That brought the price week-on-week lower by 1.79 per cent from RMB 21,190 per tonne. Today, the...
On Thursday, June 6, China’s A00 aluminium ingot price gained RMB 120 per tonne to settle at RMB 21,190 per tonne. The average prices were between RMB 21,170 per tonne and RMB 21,210 per tonne. According to the data, the spot contract prices may be between RMB 90 per tonne and RMB 50 per tonne....
On Tuesday, June 4, China’s A00 aluminium ingot price gained RMB 100 per tonne to settle at RMB 21,190 per tonne. The domestic aluminium ingot price witnessed a growth of RMB 160 per tonne W-o-W from RMB 12,030 per tonne recorded on May 28. As per the SMM data, a Y-o-Y surge of RMB 2,780 was...
The Shanghai Metals Market has witnessed a massive slump of RMB 470 per tonne today, closing at RMB 21,240 per tonne, with the average prices hovering between RMB 21,220 per tonne and RMB 21,260 per tonne. The eight main provinces in China have all seen a stark downtrend in aluminium prices, with...
LME aluminium opened at US$2,667 per tonne in the previous trading session, reaching a high of US$2,741.5 per tonne, a low of US$2,667 per tonne, and closed at US$2,732 per tonne, up US$74 per tonne or 2.78 per cent. On Tuesday, May 28, both LME aluminium cash bid price and LME aluminium official...
On Tuesday, May 28, China’s A00 aluminium ingot price gained RMB 150 per tonne to settle at RMB 21,030 per tonne. The spot contract price is expected to be traded at a discount of RMB 140 to RMB 100 per tonne. The average prices may orbit between RMB 21,010 per tonne and RMB 21,050 per tonne....
According to the Shanghai Metals Market survey, China’s average alumina spot price has jumped by RMB 33 per tonne over the weekend to stand at RMB 3,878 per tonne as of May 27. This latest hike has marked China’s domestic alumina price above a 2-year high. In Lianyungang and Bayuquan, alumina spot...
On Friday, May 24, the average alumina spot price in China gained RMB 30 per tonne, settling at RMB 3,845 per tonne. As per the SMM data, a surge of RMB 126 per tonne or 3.38 per cent was recorded W-o-W from RMB 3,719. The alumina prices as of today have shown growth in all the provinces, with...
According to Shanghai Metals Exchange, the SMM A00 aluminium ingot price has descended by RMB 340 per tonne to officially close at RMB 20,750 per tonne, with the average prices ranging between RMB 20,730 per tonne and RMB 20,770 per tonne. The eight main provinces in China have all witnessed...
On Wednesday, May 22, China’s A00 aluminium ingot price expanded by RMB 330 per tonne to settle at RMB 21,090 per tonne, with the spot contract price expected to be traded at a discount price of RMB 160 to RMB 120 per tonne. On a W-o-W calculation, the domestic aluminium ingot price has surged by...
China’s alumina spot price has soared by RMB 10 per tonne to officially close at RMB 3,731 per tonne. The alumina price in Guangxi has grown by RMB 20 per tonne to arrive at RMB 3,770 per tonne, while the alumina price in Lianyungang has secured RMB 15 per tonne to close at RMB 3,775 per tonne. The...
China’s domestic alumina spot price has been rallying uninterruptedly since April 22 due to increased demand but limited supply because of production cuts at some refineries, especially in Henan, for insufficient availability of bauxite. Over the past weekend, the ore price has gained RMB 2 per...
The alumina spot price in China has kept on growing, with RMB 5 per tonne hike on May 16, today, to close at RMB 3,719 per tonne. On a Month-on-Month basis, the alumina price has skyrocketed by RMB 417 per tonne or 12.63 per cent from RMB 3,302 per tonne recorded on April 16. The alumina price in...
