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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Chinese A00 aluminium ingot price climbs RMB 30 per tonne after two consecutive days of decline
After declining two days in a row, the A00 aluminium ingot spot price spurs yet again on September 19, by RMB 30 per tonne, Shanghai Metals Market found. A day before, the price was at 14430 per tonne while today the price has concluded at RMB 14460 per tonne. The average prices are expected to...
LME registered gains while SHFE continued a flat run this week; cost support and uncertainty around Rusal supply to drive the market
The first week of September was marked by a rising US dollar index and a falling LME aluminium graph. However, LME aluminium recovered during the second week. LME aluminium rose to a high of US$2,080 per tonne on September 10, after closing flat the previous week driven by the fact that workers...
China's aluminium smelters cut output in August as costs mount - Reuters
China’s aluminium producers cut output by 3 percent in August from the month before, government data showed on Friday, as high raw material costs squeeze their profit margins. China, the world’s biggest aluminium producer, churned out 2.84 million tonnes of the metal last month, according to the...
Primary aluminium production cost in China may rise in Q4 2018: SMM apprehends
Shanghai Metals Market senior analyst Liu Xiaolei believes that the production cost of primary aluminium may surge backed on settling down of charges over captive power plants in the Shandong province earlier this week. This whole phenomenon may bolster the domestic prices of primary aluminium as...
Global alumina prices likely to stay bullish through 2018 on supply disruptions and tight market
The price of alumina could hit another record high before the end of the year as supplies become increasingly tight with one after another happening disrupting the smooth supply of the key raw material. Spot alumina price saw some unprecedented highs in 2018 first half and doubled to about $700 per...
A00 aluminium ingot price records a slump today backed on weakened alumina cost
According to the latest update from Shanghai Metals Market on September 12, the A00 aluminium ingot price has dipped by RMB 120 per tonne to stand at RMB 14500 per tonne. As per the data found by SMM, the average expected price today is likely to range between RMB 14480 per tonne and RMB 14520 per...
A00 aluminium ingot price continues to decline; Pre-baked anode price in Central China records sweeping growth
The A00 aluminium ingot price continues to decline across China. The A00 aluminium ingot price dropped RMB 30 per tonne to RMB 14690 per tonne on Tuesday, September 4, 2018, from RMB 14720 per tonne on September, 3, 2018. The prices are expected to range between RMB 14670 per tonne and RMB 14710...
China shut 730,000 tonnes of primary aluminium capacities; ingot price extends plunge
Shanghai Metals Market research found that some 730,000 tonnes of primary aluminium capacities across China closed during June-August because of high costs and relatively low prices of aluminium. Capacities belonged to five aluminium manufacturers, including Shaanxi Tongchuan Aluminum, Lanzhou...
Canada's alumina import to grow in 2018 from a year earlier; Brazil to be the top exporter
As per the data shown by Aluminium Association of Canada, Canada’s primary aluminium industry is the fourth largest in the world with an annual production of 3.2 million tonnes of primary aluminium, using the lowest carbon footprint. Alcoa, Aluminerie Alouette and Rio Tinto operate 10 plants in...
China exports second large shipment of alumina on higher price and soaring demand
According to a report from Reuters, China is exporting large volume of alumina for the second time this year despite the domestic price rise that is putting pressure on smelters. Chinese alumina suppliers signed contracts to export over 140,000 tonnes of alumina in July at a higher price, according...
A tight alumina market and falling US dollar lifted LME and SHFE aluminium; likely to trade higher today
A strong Conference Board (CB) Consumer Confidence index for August lowered the US dollar index by 0.07% last night. Most LME and SHFE base metals gained. Tight supplies and higher purchasing prices of alumina in the overseas market pulled up LME aluminium, which soared to an intraday high of...
LME aluminium expected to trade at US$2,080-2,100/t; SHFE closed flat
London Metal Exchange was closed on Monday August 27 due to Summer Bank Holiday. Shanghai Metals Market expects LME aluminium to receive support from higher alumina prices and to trade at US$2,080-2,100 per tonne today. SME and SHFE Aluminium Price Trend The benchmark aluminium price on Shanghai...
Chinalco raises non-metallurgical grade alumina floor price; while Chinese alumina spot price shows a hike
China’s largest state-owned aluminium producer The Aluminium Corporation of China Limited (Chinalco) has raised its floor price of non-metallurgical grade alumina to RMB 3500 per tonne on Monday, August 27, Shanghai Metals Market learned. This shows a growth of RMB 100 per tonne from the last floor...
Higher demand and price for alumina and manganese lifted South32 annual profit by 16%
South32 and Alumina Ltd. have announced strong financial performances yesterday predominantly due to their alumina operations. After Alumina Limited reported doubling of profits in H1 2018, South32 posted a 16 per cent rise in its annual underlying earnings on Thursday, as healthy demand for...
Spot alumina price in China continues getting support from stringent supply in the market
Alumina spot price in China has been recording an incessant rise over more than a week. As per the data of Shanghai Metals Market, the price started displaying a surge from Thursday, August 16, from RMB 3059 per tonne to RMB 3108 per tonne, after showing a restraint in the previous day. Since then...
Alumina Limited net profit up 110% in H1 2018 on higher global alumina prices
Alumina Limited, a bauxite and alumina company, today reported a net profit after tax of US$286.4 million for the half-year 2018, a 110% increase on the same period of 2017. Margins jumped on the back of higher global alumina prices during H1 2018. AWAC is Alcoa World Alumina & Chemicals, a joint...
Global alumina price surge supports Brazil’s alumina export to the US in H1 2018
After China and Australia, Brazil ranks as the third largest alumina producer in the world and plays a dominating role as alumina supplier. Hydro’s Alunorte that located at Para, Brazil, is known to be the world’s largest alumina refinery that exports almost 86 per cent of its total production to...
A00 aluminium ingot price records a sweeping growth today in the Chinese market
Backed on continued price growth of alumina and steady movement of other input costs, A00 aluminium ingot spot price today, on August 21, has recorded a sweeping surge to RMB 14550 per tonne, Shanghai Metals Market found. Yesterday, on August 20, the price had shown a little bearish sentiment...
