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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Alumina price on downtrend: will supply side concerns support prices any further?
The alumina market is going through the most topsy-turvy and volatile period with sharp rise and fall in prices and supply disruptions. The temporary closure of Hydro’s Alunorte alumina refinery in Brazil and uncertainties surrounding U.S. sanction on Rusal pushed up alumina price sky high driving...
Century Aluminum’s Q3 2018 EBITDA down $25.8 million on higher alumina costs
Century Aluminum Company announced results for the third quarter of 2018. The company reported a net loss of $20.3 million for Q3 2018 in comparison to net income of $19.4 million for Q2 2018. The adjusted net income was $2.3 million for Q3 2018 compared to adjusted net income of $30.9 million for...
Chinese A00 aluminium ingot price continues to drop despite alumina price surge
The A00 aluminium ingot price in China continues to witness a drop today, on October 26, 2018, even on the backdrop of shrinking social inventories of primary aluminium across eight major consumption areas, Shanghai Metals Market found. The price today has declined RMB 50 per tonne to stand at RMB...
China’s alumina output in September up 8.2% YoY driven by higher prices and export boost
According to the latest report released by China’s National Bureau of Statistics (NBS) on October 22, China’s alumina output in September increased by a healthy 8.2% year on year to 5.81 million tonnes. The volume also recorded a 3.9% growth month on month from August output of 5.59 million tonnes....
Hydro’s bauxite and alumina EBIT climbs 66% in Q3 2018 from same period last year, but production stood low
On releasing Norsk Hydro’s third quarter results, the company’s president and CEO Svein Richard Brandtzæg said, "The third quarter reflected our continued challenges at Alunorte and increased raw material costs, while higher aluminium and alumina prices, as well as strong Energy results,...
Xinfa Group cuts Shanxi Jiaokou alumina refinery capacity by 50% on limited bauxite supply and power issues
Acording to a report from Platts, China's Shandong Chiping Xinfa Group has cut operating capacity at its Shanxi Jiaokou alumina refinery in northern China to 50% due to limited bauxite supply and power plant issues. This was confirmed by a company source on Thursday. The source also added that...
LME aluminium falls to a new monthly low; SHFE gains on alumina capacity cut news
The US dollar index traded at a week-high on Thursday as US Treasury yields traded near multiyear highs, on expectations of further interest rate hikes. That came despite US President Donald Trump's view that interest rate hikes have already gone too far. LME base metals ended in negative territory...
Alumina wake-up call for the aluminium supply chain
The alumina market is experiencing a year of unprecedented turbulence. Alumina, which sits in the aluminium production process between bauxite and refined metal, has historically been a highly efficient link in the supply chain. It hasn’t generated many headlines over the years because it has...
A00 aluminium price rises again in China despite a fall or restraint in input costs
According to the data by Shanghai Metals Market, the A00 aluminium ingot price in China once again sees a growth today, on October 17, from RMB 14190 per tonne, as on the previous day, to RMB 14290 per tonne. This marks an increase by RMB 100 per tonne. The average prices are expected to range...
A00 aluminium ingot price in China registers a hike after consecutive four days of drop
After a continuous fall for past four days in a row, the A00 aluminium ingot price in China today, on October 16, has recorded a hike by RMB 90 per tonne to stand at RMB 14190 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 14170 per tonne and RMB 14210...
A00 aluminium ingot price in China records a drop four days in a row
According to the data by Shanghai Metals Market, A00 aluminium ingot price in China has recorded a plunge today, on October 15, by RMB 70 per tonne to stand at RMB 14080 per tonne to RMB 14120 per tonne. This marks a drop in ingot price for the past 4 days in a row. After a hike on October 9 to RMB...
Chinese alumina production increases 3% YoY to stand at 5.95 million tonnes in September: SMM shows
According to the latest update from Shanghai Metals Market, China’s alumina production in September grew 3 per cent year-on-year to stand at 5.95 million tonnes; while the total output during January-September came in at about 52.11 million tonnes, up 1.9 per cent from the same period last year....
China may add 5-6 million new alumina capacity by the end of 2018: Platts
According to a report from Platts, China may add 5-6 million new alumina capacity by the end of 2018, the processing of which has started in the third quarter of 2018. Shandong Xinfa Group was said to have started up 1 million-1.2 million tpy new capacities in Shanxi. Henan East Hope is expected to...
Both LME and SHFE aluminium on downtrend with the easing of alumina supply concerns; to stay weak in near term
The euro and pound rose on Wednesday, underpinned by optimism for a Brexit deal, while the dollar lost ground against a basket of currencies even as US bond yields hovered at multi-year peaks. LME base metals, except for tin, fell across the board on Wednesday. LME aluminium fluctuated and posted a...
Trimet Aluminium expects stronger aluminium demand in 2019 despite trade war and steep alumina prices
Executive board member of German aluminium producer Trimet Aluminium, Thomas Reuther said that he expects strong aluminium demand in 2019. However, forecast continues to remain difficult due to the global impact of U.S. import duties, according to him. He pointed towards higher alumina price as a...
LME aluminium climbed through the week to consolidate on Friday over alumina concerns; China remains close on National Day holiday
LME aluminium started the week and the month of October with a gain. Benchmark aluminium price on London Metal Exchange gained significantly to close at US$ 2047.50 per tonne on Monday October 1. LME aluminium prices climbed more than 4 per cent and to their highest in nearly five weeks on...
LME aluminium continued rising through yesterday over alumina market concerns closing at US$ 2243.50 per tonne
News of full curtailment of production at Norsk Hydro’s Alunorte alumina refinery in Brazil spurred a 4.5% spike in the three-month aluminium price, pushing it to an intraday high of US$2,267 per tonne, its highest level since June. Aluminium prices rally in LME started consolidating at the close...
Alumina producers’ shares climb world-wide as a result of Hydro’s production shut
Alumina producers, including South 32 and Alumina Limited, on Thursday, October 4, reportedly experienced a sharp rise in shares post Norsk Hydro’s announcement of production shut at the world’s biggest alumina refinery Alunorte. Shares in Alumina Ltd rose as much as 11 percent on Thursday, October...
