LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
LME aluminium price rises to $3,310/t: Can EGA and Alba repairs bring back 2025 levels?
The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium...
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PIOJ denies production slowdown in Alpart alumina refinery despite the news of shutdown doing rounds
The Planning Institute of Jamaica (PIOJ) said yesterday that it was not expecting a decline in alumina production in the near term despite proposed cut backs in the sector due to lower price of alumina. James Stewart, Senior Director at the PIOJ said that while the Institute is in discussion with...
Alumina price in China continues upward trend; Aluminium alloy (A356) price up by RMB50/t
As on Wednesday, 28 August 2019, the average spot alumina price stands at RMB 2500 per tonne, up by RMB 9 per tonne from its previous price of RMB 2491 per tonne. The average alumina price in East China is hovering around RMB 2510 per tonne, up RMB 10 per tonne. Alumina Central China and North...
Chalco’s net profit dropped by 14.1% YoY in H1 2019 on higher operating costs and lower aluminium prices
According to Reuters report, the net profit of Aluminium Corporation of China Limited, popularly known as Chalco, fell by 14.1 per cent year-on-year in the first half of 2019, attributing to higher costs that offset an increase in revenue. As per the report, Chalco’s net income came in at RMB 705.8...
The ups and downs of alumina prices in China in the first six months of 2019
China’s alumina price has been on the decline since the middle of December 2018. Alumina prices fluctuated in the first six months of 2019. The first quarter witnessed a decline, while the second quarter saw some corrections. From January to mid-April, the domestic prices remained on downward...
Spot alumina price continues to rise by RMB17/t; A00 aluminium price drops despite fall in inventories
According to Shanghai Metals Market, the average spot price of alumina has extended its rise further by RMB 17 per tonne to stand at RMB 2,491 per tonne, as of August 26, 2019. The alumina price started growing incessantly since August 16, ranging between RMB 2,442 per tonne and RMB 2,491 per...
Alumina price in China up by RMB 11/t after remaining flat yesterday; A00 ingot price down RMB50/t
The average spot price of alumina further recorded an increase of RMB 11 per tonne to stand at RMB 2474 per tonne on Friday, 23 August 2019. The prices of alumina rose across major China markets today. Spot alumina prices in East China, Central China, and North China markets increased by RMB 10 per...
Lower aluminium price triggers 25% drop in annual profit of Australia's South32
Australian miner South32 Ltd has reported a larger-than-expected 25% drop in annual profit driven by lower aluminium prices which was the result of the trade war between China and the United States. The drop in profits sends its shares lower by as much as 5.8% on Thursday, August 22. Results were...
Alumina price in China extends its rise; Australian alumina FOB price up USD5/t
The average spot alumina price in China continued to rise by RMB 9 per tonne or 0.37 per cent on Wednesday, 21 August 2019. Alumina price increased from RMB 2454 per tonne to RMB 2463 per tonne. The prices of alumina rose across major China markets. The average alumina spot price in Central China...
Press Metal Aluminium recorded 36% YoY drop in net profit in Q2 2019; Revenue declined 12.5%
Press Metal Aluminium Holdings Bhd, the leading aluminium producer in South East Asia, has reported a drop of 36 per cent in net profit in the second quarter of the year ended on June 30. The profit came in at RM102.89 million, compared to RM160.6 million in the same period last year. With this,...
Jamaica government in talks with industry leaders over global bauxite price fall
According to a recent report, the Jamaica government is in talks with stakeholders in the vital bauxite industry over falling prices of bauxite/alumina globally. The news came after Mining Minister Robert Montague officially reported about this. He said meetings have already been held with...
A00 aluminium ingot price grows by RMB 150 per tonne on lowered inventories and production
The A00 aluminium ingot price has again recorded a sweeping growth of RMB 150 per tonne to stand at RMB 14,380 per tonne, as of August 20, according to Shanghai Metals Market. The average prices are expected to range between RMB 14,360 per tonne and RMB 14,400 per tonne, with spot contract to be...
Alumina price in China up RMB8/t; A00 aluminium ingot price registers a drop
The average spot price of alumina registered an increase of RMB 8 per tonne or 0.33 per cent on Monday, 19 August 2019. Alumina price rose from RMB 2442 per tonne to RMB 2450 per tonne. Spot alumina prices in East China, Central China, and South China markets remained unchanged at RMB 2460 per...
China’s daily primary aluminium production slipped 3% M-o-M in July
According to the National Bureau of Statistics survey, China’s daily production of primary aluminium fell in July month-on-month. Output averaged around 96,000 tonnes, down 3,000 tonnes or 3 per cent from 99,000 tonnes in June. This decline in daily output could be attributed to the production cut...
Alumina production in China stands at 5.93 million tonnes in July
Alumina production in China stood at 5.93 million tonnes in July, showed an SMM survey on Friday August 9. Production of metallurgical-grade alumina came in at 5.7 million tonnes last month. The average daily output registered 183,700 tonnes, weighed by lower output at Xing’an Chemicals, Henan...
Alumina price declines by RMB15/t; A00 aluminium ingot price increases on lowered inventories
Followed by a restraint at RMB2,457 per tonne on August 2, the average spot price of alumina has begun the week with a drop to RMB 2,442 per tonne, as of Monday, August 5, found Shanghai Metals Market. Quarter-on-quarter, the price thus, stands below by RMB 336 per tonne, and on month the price...
Bauxite (6.0≤Al/Si＜7.0)Shanxi price rose this week after three months; Other input costs remained downward
As the week has come to an end, let us once recapitulate how the aluminium market in China rolled over the entire week. Beginning from bauxite, the price of the Bauxite (6.0≤Al/Si＜7.0)Shanxi recorded a growth of RMB 20 per tonne to RMB 560 per tonne on July 31, according to Shanghai Metals Market....
Century Aluminium’s net sales dropped 3% over the quarter in Q2 2019; Adjusted EBITDA declined by over 70%
The US-based global aluminium producer Century Aluminium, on August 1, announced that its net sales for the second quarter of 2019 declined 3 per cent over the quarter to come in at $473.1 million. In Q1 2019, the company’s net sales were at $490 million. It reported a net income loss of $20.7...
A00 aluminium ingot price continues to fall on lowered input costs, brisk trade and improved inventory
The A00 aluminium ingot price has dropped for the second day in a row on Friday, August 2, by RMB 40 per tonne to come in at RMB 13,830 per tonne, found Shanghai Metals Market. Improved inventory of primary aluminium on August 1, along with sluggish costs of alumina and prebaked anode could be the...
