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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Australia alumina gains over March after Alunorte production cut; China prices remain unaffected
While Hydro’s Alunorte alumina refinery operates at 50% of its capacity, the prices seem to be rising over the course of March. According to Metal Bulletin, spot alumina prices gained 27.8% over the course of March, with buyers forced to pay up for units in a tighter market. Metal Bulletin’s...
Hydro to initiate a shutdown at Alunorte refinery by mid-April
After being forced to reduce alumina production substantially under a judicial order last month, the Alunorte refinery in North Brazil, owned by Norway’s Norsk Hydro, has to now start closing down half of its alumina capacity in the next two weeks to preserve equipment, said two people familiar...
Analysts give 2018 outlook for alumina and aluminium at SMM Copper Aluminium Summit
The on-going SMM Copper Aluminium Summit in Shanghai is opening up a number of discussions on the alumina and aluminium sector in China and also throwing light on the possible impacts of the latest tariff on aluminium and steel industry. According to Guo Qiuying, an aluminium analyst at SDIC...
A00 aluminium ingot price shows temporary restraint; to be under pressure in short term due to sluggish demand
China aluminium prices continue downward trends with temporary signs of restraint. As updated by Shanghai Metals Market, today’s average A00 ingot price stands at RMB 13,720 per tonne and is expected to trade in a range of RMB 13700 – 13740 per tonne with a discount of RMB 90-50 per tonne. This...
Imported alumina price falls after China custom data shows fall in import for three months
As reported by SMM, China Customs data shows China's imports of alumina in January fell for three consecutive months and touched a new low of 74,000 tonne since August 2017. This is down 48.6% month on month and 72.3% year on year. Higher imported alumina prices in comparison to domestic producers...
A00 ingot price drops further on rising aluminium inventory and Chalco alumina price drop
China metals lost ground on Wednesday as looming U.S. trade tensions overshadowed data that showed February semi—finished aluminium exports surged at the fastest pace in three years in China. Average A00 Aluminum Ingot prices dropped to RMB 13,910 per tonne today. The prices are expected to range...
LME aluminium edges down further amid trade tensions; SHFE follows suits with bearish trend
Concerns that the U.S. could slap down import tariffs on aluminium as well as steel have dragged those metals down. LME aluminium edged down during yesterday’s trading and overnight and is set to test support at $2,100/mt today. LME aluminium is struggling under increasing downward pressure and...
A00 aluminium ingot price shows restraint in China; Chalco alumina registers a huge drop
Aluminium prices in China are range bound today on the announcement by VC of the National Development and Reform Commission (NDRC) that China will continue to cut aluminium capacity in 2018. Since, no specific policy was announced; SMM observes market fundamentals to have more impact on the price...
A00 ingot prices register a slight gain today, expected to pick up with the approach of high season
With the growing domestic aluminium inventory and slow demand, both alumina and aluminium prices in China registered fall yesterday. However, China has registered a rise in prices of A00 aluminium ingot prices today. Primary aluminium ingot price also increased across all markets. Average A00...
Rising aluminium inventory in China continues to put pressure on alumina and aluminium prices
With the growing domestic aluminium inventory and slow demand, both alumina and aluminium prices in China are registering a downward trend. China sees a drop in prices of alumina and A00 aluminium ingot prices today across all markets. Today’s average spot alumina price stands at RMB 2777 per...
Spot alumina price drops in China, aluminium inventory continues to climb up
After a flat run in January and February, struggling to stay afloat in the face of slow demand, spot alumina prices in China have dropped today across all markets. SMM expected alumina prices to rally ahead of the Chinese New Year holiday in mid-February before downward pressure returns. However,...
A00 ingot prices gain while spot alumina falls after the Chinese New Year Holidays
As reported by Shanghai Metals Market A00 ingot price has gained substantially today with the pickup of trading after the Chinese New Year Holidays. Average Aluminum Ingot prices have gained to stand at RMB 13,940 per tonne. The prices are expected to move within a range of RMB 13,920-13,960. Spot...
Alumina Limited reports profits for FY2017; expects to be benefited by import restrictions in 2018
Alumina Limited released its full year 2017 results on Thursday, 22 February 2018. The company reported a statutory net profit after tax of US$339.8 million for the full-year 2017 in comparison to a net loss of US$30.2 million in 2016. Excluding special items net profit after tax would be US$363.1...
Hydro reports record bauxite and alumina production for full year 2017
Norsk Hydro reports record alumina and bauxite production along with improved financial results for both the segments, mostly driven by higher realized alumina price. The bauxite mine in Paragominas reached record yearly production of 11.4 million tonnes. Bauxite production for Q4 2017 stood at...
Norsk Hydro Q4 and full year 2017 results up on higher aluminium and alumina prices
Norsk Hydro reports positive Fourth quarter 2017 results driven by higher realized all-in metal and alumina prices that was slightly offset by higher raw material and fixed costs. Hydro's underlying EBIT increased from NOK 2,446 million in Q3 2017 to NOK 3,555 million in Q4 2017, mostly driven by...
Average A00 ingot price continues downward trend; raw material market remains flat
Sluggish trading ahead of the Chinese New Year holiday next week is keeping the Chinese market inactive. There is no such significant movement in the prices of commodities and the raw materials other than the primary ingots that is continuously falling with occasional signs of upward movements....
China's aluminium output down 1.7% in January due to falling aluminium prices and power disruptions
The Chinese market is lying low due to the absence of any strong fundamentals. Average A00 ingot prices have registered a slight drop today to stand at RMB 14,070 per tonne. The prices are expected to move within a range of RMB 14,050-14,090. Spot discount will range within RMB 130-90 per tonne...
A00 ingot prices fall further on lack of strong fundamentals; raw material prices remain flat
Fundamentals for the lightweight metal remain weak in China. There is lack of activities in the market and domestic prices for most of the raw materials and primary metal remain flat. The market is expected to pick up before the Chinese New Year holidays. After a moderate gain, average A00 ingot...
