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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A00 aluminium ingot price up marginally on SMM, alumina price remains stable
The average A00 aluminium ingot price has risen up marginally on Shanghai Metal Market on 27 th of April, 2018, from RMB 14360 per tonne to RMB 14430 per tonne. The prices are expected to range between RMB 14410 per tonne and RMB 14450 per tonne, with spot discounts to settle at RMB 20 to RMB 60...
Nalco expects double EBITDA margin in FY19 on growing alumina and aluminium prices
Asia’s largest integrated aluminium complex, National Aluminium Company (Nalco) hopes to have a double EBITDA margin in FY19. According to Tapan Kumar Chand, CMD of Nalco, EBITDA margin is expected to increase from 20 per cent at the end of Q3 FY 19 to 40 per cent by the end of FY19 backed by the...
Hydro's Q1 2018 earnings up 38% on higher aluminium and alumina prices
Hydro recorded underlying earnings before financial items and tax of NOK 3,147 million in Q1 2018, up from NOK 2,284 million in Q1 2017.The increase mainly reflects a higher all-in metal and alumina prices that was partly offset by increased raw material costs. The production cut at Alunorte and...
Alumina prices surge further: Expected to support aluminium prices – SMM learned
Shanghai Metal Market (SMM) believes that the aluminium prices, which fell drastically on London Metal Exchange (LME) on Tuesday, April 24, 2018 following the US eased sanctions on Russia, are going to gain some support from the higher alumina prices. Last week, alumina was traded at US$800 per...
Average A00 aluminium ingot price declines today, input costs remain unchanged: SMM update
After witnessing a marginal rise from RMB 14870 per tonne to 14940 per tonne on April 23, 2018, the average A00 aluminium ingot price reversed its course to close at RMB 14480 per tonne today April 24, 2018, according to Shanghai Metal Market. The prices are expected to range between RMB 14460 per...
Alumina price is on rising spree, while aluminium inventory edges down: SMM learns
Along with aluminium price surge on London Metal Exchange (LME) due to US sanctions against Rusal, alumina prices are incessantly moving upward due to tight supplies and rising export margins, Shanghai Metal Market (SMM) learned. According to Shanghai Metal Market report, the average alumina price...
Kazakhstan looks for new markets for its alumina exports
Being concerned about US sanctions against Rusal that it could bring down a shadow over businesses and jobs, Kazakhstan is in search of new markets and opportunities for its alumina exports. Eurasian Resources Group (ERG), partially owned by the Kazakh government, produces 1.5 million tonnes of...
Strong future prices of aluminium give rise to trading in China’s spot market
With an incessant rise in aluminium future price in China as a consequence of US sanctions against Rusal, a large number of brokers and downstream consumers are becoming keen to purchase and stock aluminium for their future use, thereby, contributing to an enthusiastic trading activity in China’s...
Alcoa likely to redirect 800,000 tonnes of bauxite to the global market
Roy Harvey, CEO of Alcoa Corporation, a global leader in bauxite, alumina and aluminium production, announced on Wednesday April 18, 2018, the company will redirect 800,000 tonnes of bauxite to the market which was otherwise committed to Rusal. As a consequence of US sanctions, Harvey believes that...
Alcoa reports net income of $150 million in first quarter of 2018
Alcoa Corporation, the leading global conglomerate in bauxite, alumina and aluminium, reported first quarter 2018 results that show resilient profitability amid lower alumina prices earlier in the year. The company closed the quarter on March 31, 2018 with $1.2 billion cash, down $162 million...
Alumina price jumps highest as a consequence of Rio Tinto’s force majeure
Rio Tinto’s decision to declare force majeure on Rusal-linked contracts is already leaving innumerable impacts, including alumina price rise. Rio said it decided to announce force majeure on Friday April 13, 2018, on certain customer contracts like alumina shipments from a refinery in Australia...
A00 aluminium ingot price sees no further change, while alumina registers a hike
After the stupendous surge in average A00 aluminium ingot price from RMB 14450 per tonne to RMB 14720 per tonne on April 17, 2018 on the occasion of aluminium production rise to 8.12 million tonnes in China in the first quarter of 2018, it again remained unchanged on April 18, 2018, Shanghai Metal...
Average A00 aluminium ingot price surged on rising aluminium production
On 0.3 per cent increase in aluminium production over past three months this year totalling 8.12 million tonnes in China, average A00 aluminium ingot price surged once again across all major Chinese markets and closed at RMB 14720 per tonne after remaining unchanged at RMB 14450 from April 13 to...
Rio to trigger force majeure on alumina refinery controlled by Rusal
After Glencore, Rio Tinto, one of the world’s largest metals and mining corporations has decided to trigger force majeure on some Rusal-linked contracts. The mining group declared on Friday that it would work with its customers to minimise disruptions in raw material supply and would fully comply...
China's aluminium inventory drops while average A00 aluminium ingot price remains unchanged
After swinging between 2.231 million tonnes and 2.227 million tonnes over a week, China’s aluminium inventory dropped further to 2.216 million tonnes, according to Shanghai Metal Market on April 16, 2018. This is 15000 million tonnes down from 2.231 million tonnes recorded on April 12, 2018....
China’s average A00 aluminium ingot price dwindled, whereas aluminium share price surged
Owing to the unwillingness of East China sellers to move following the rebound of the SHFE 1806 contract, trading in China’s aluminium spot market dipped on Wednesday April 11, 2018, learned Shanghai Metal Market. As a result, the average A00 aluminium ingot price dropped drastically from RMB...
Alumina price sees a hike while alumina output depreciates: SMM update
Alumina output has shrunk in March by 2.4 per cent year-on-year and stood at 5.73 million tonnes in China, while the daily output hovered at 185,000 tonnes, up 1.9 per cent month-on-month, Shanghai Metal Market research found. In the first quarter of the financial year 2017-18, output was at 16.52...
Vedanta may pay high costs to transport bauxite from Kodingamali mines to Lanjigarh
Vedanta, a global diversified metals and mining company, plans to sign a long-term contract with Odisha Mining Corporation (OMC) to haul bauxite for its Lanjigarh (Kalahandi district) alumina refinery. However, the company is perplexed about the escalation of the transport cost of procuring raw...
