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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Back-to-back lowered alumina spot price in China leads to extended drop in aluminium ingot price
Backed on lowered alumina spot price for the two consecutive days, the A00 aluminium ingot price extended a plunge today by RMB 60 per tonne to RMB 13,690 per tonne, Shanghai Metals Market found. Yesterday, on November 26, the alumina spot price dropped from RMB 3131 per tonne to RMB 3119 per...
Shenzhen-based QME gets tepid response on its alumina spot contract launched in October
Shenzhen-based Qianhai Mercantile Exchange (QME), controlled by Hong Kong Exchanges and Clearing, which started spot trading of alumina in October, has received tepid response from market participants. The trading launch was long awaited for HKEX and its chairman Charles Li, who bought the London...
China‘s alumina exports exceed 460,000 tonnes in October: Source says
According to the data released by the General Administration of Customs on Friday, November 23, China’s October alumina exports exceeded 460,000 tonnes and reached the highest since at least October 2014. The reason because Chinese producers of the aluminium raw material continued to cash in as...
Volatile aluminium prices lead to cautious downstream purchases in east China; Alumina price shrinks
According to Shanghai Metals Market, downstream consumers of primary aluminium remained cautious in making purchases across east-China markets on Thursday, November 22, given the recent volatility in prices. The SHFE 1812 contract inched up in the morning trade while spot discounts in Shanghai...
NBS reports 2.7% MoM drop in China's alumina output in October; YTD output still up 3.9%
According to the latest data released by China’s National Bureau of Statistics, China’s production of alumina in October dropped by 2.7% month on month to 5.65 million tonnes. The total alumina output in the first ten months of 2018 now stands at 56.58 million tonnes. However, YTD alumina output...
Primary aluminium capacity cuts to exceed 2 million tonnes owing to weak ingot prices: SMM
According to a recent update by Shanghai Metals Market, primary aluminium capacity cuts expanded sharply in the second half of 2018 as weak aluminium prices and high operating costs caused an immense loss to the producers. Per the SMM research, production cuts for the year are likely to exceed 2...
Aluminium ingot price in east China records a slight rise on active downstream consumption: SMM
Shanghai Metals Market research found most transactions of spot aluminium in Shanghai were done between discounts of RMB 10 per tonne to premiums of RMB 20 per tonne on Tuesday, November 13, relative to the SHFE 1811 contraction. The SHFE aluminium contract for November delivery traded range-bound...
Vedanta on right track to ramp up capacity at Lanjigarh alumina refinery
Vedanta Ltd’s proposal for expansion of Lanjigarh alumina refinery was recently cleared by the High-Level Clearance Authority (HLCA), the apex body to approve investments in Odisha. The company plans to expand the capacity to six million tonnes per annum from its current 1 million tonnes. “Our...
Chinese A00 aluminium ingot price extends plunge over the weekend despite further lowered inventories
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its plunge over the weekend by RMB 30 per tonne on Monday, November 12, to stand at RMB 13830 per tonne. The average prices are expected to range between RMB 13810 per tonne and RMB 13850 per tonne, with spot discount...
A slight growth in Chinese alumina price however fails to push up the aluminium ingot price today: SMM
After showing restraint yesterday, alumina spot price has recorded a slight growth today, on November 7, to RMB 3179 per tonne, Shanghai Metals Market found. This marks a growth by RMB 9 per tonne. The average price is expected to remain the same as that of the spot price. The growth has touched...
India’s alumina import to grow 37.5% in 2018 while it surged 39% in Q1
According to the report by CARE, India ranks fourth in terms of production of alumina and produces about 5 per cent of the world alumina. The report shows there had been an 8.4 per cent year-over-year increase in alumina production from FY 2015-16 to FY 2016-17. Some of it is consumed internally...
Bauxite prices in China major markets fall; aluminium Ingot prices inch higher
Bauxite prices in China’s major market slid by RMB 10 per tonne on Monday, November 5 after remaining unchanged for a week, Shanghai Metals Market data showed. Bauxite (6.0≤Al/Si＜7.0) Shanxi price is ranging at RMB 560-600 per tonne, Bauxite (4.5≤Al/Si＜5.5) Shanxi is within RMB 470-510 per tonne,...
Hindalco sells 25K tonnes of more aluminium in Q2 2018 than in Q1: Source says
The Managing Director of Hindalco Mr. Satish Pai reported to ET Now that the company delivered good aluminium results in the second quarter of this year despite the less than impressive aluminium prices and higher input costs. The company reportedly sold nearly 25,000 tonnes of more aluminium in Q2...
LARL reports improved results for Aughinish in 2017, sanction worries continue to loom large
The directors of Limerick Alumina Refining Ltd (LARL) that operates the Aughinish Alumina refinery in Limerick, Ireland have stated that its status as a sanctioned entity constitutes a material uncertainty that may cast significant doubt on the refinery’s future. Limerick Alumina Refining Ltd...
AMAG reports revenue growth in Q1-Q3 2018; EBITA drops on ramp up costs and higher raw material price
AMAG Austria Metall AG, the leading Austrian premium supplier of high-quality aluminium cast and flat rolled products, posted an update on their performance during the first three quarters. The company continued to ramp up new plants and facilities in its Rolling Division. This volume growth in the...
A00 aluminium ingot price drops across all major market in China; alumina prices rise RMB29/t today
As reported by Shanghai Metals Market, A00 Aluminium Ingot prices in China have registered a decline for two days consecutively after a rise. The average price of A00 Aluminium ingot stands at RMB13990 per tonne on Wednesday, October 31, down from RMB 14030 per tonne yesterday. The average prices...
Chinese A00 aluminium ingot price drops again after an interim rise; Input costs show restraint
After a rise over the weekend in A00 aluminium ingot price from RMB 14090 per tonne to RMB 14120 per tonne, today, on October 30, it again registered a drop by RMB 90 per tonne to stand at RMB 14030 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 14010...
Spike in alumina prices affect Alba’s Q3 2018 net income
Alba announced its financial results for the third quarter and nine months of 2018. Alba said its top-line and bottom-line for Q3 and nine months of 2018 were primarily driven by higher metal sales’ volume and partially offset by higher alumina prices. For the Third quarter of 2018, Alba reported a...
