From black shale to smelter feed: CEM advances North American alumina supply chain
Canadian Energy Metals has demonstrated a process for producing smelter-grade alumina from Saskatchewan black shale and has started a prefeasibility study for its Thor Project. Canadian Energy Metals Corp. (CEM) has taken a step towards developing an alternative North American source of alumina...
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...
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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...
Spot alumina prices remain flat for a week; expected to see some gain before Chinese New Year holiday
Currently, spot alumina price in China is struggling to stay afloat in the face of slow demand and prices are staying flat for more than a week. SMM forecasts alumina prices are likely to rally ahead of the Chinese New Year holiday in mid-February before downward pressure returns. Today’s average...
A00 ingot prices slightly down today; aluminium inventory remains flat from last week
According to Shanghai Metal Market data, China’s social inventory of primary aluminium including SHFE warrants stood at 1.76 million tonnes on Thursday February 1, slightly down by 2,000 tonnes from a week ago. Logistics constraints have impacted some deliveries in January. However, SMM learned...
China aluminium market remains passive; SMM projects an oversupplied prebaked anode market in 2018
After showing an upward movement last week due to restocking ahead of the Chinese New Year holiday in mid-February, average aluminium A00 ingot prices in China has closed the week on a lower level at RMB 14450 per tonne. This week has started with a moderate gain and the average A00 ingot prices...
Containing costs will remain the key challenge for Indian aluminium makers in 2018: Nalco CMD
A bullish LME aluminium outlook notwithstanding Indian primary aluminium producers are struggling to keep their profits intact. Reason- The spiralling cost of raw materials. From alumina to coal, coal tar pitch and caustic soda every key ingredient of aluminium making has become costlier and this...
Alumina plants back in action with resumption of natural gas supply, spot alumina prices continue to stay low
SMM forecasts alumina prices are likely to rally ahead of the Chinese New Year holiday in mid-February before downward pressure returns. Currently, spot alumina price in China is struggling to stay afloat in the face of slow demand. Today’s average alumina price stands at RMB 2862 per tonne,...
A00 ingot prices show restraint buoyed by the news of first increase in China's GDP growth in seven years
After three consecutive drops, A00 ingot price graph is registering some upward movement. According to Shanghai Metals Market, average A00 ingot price registered some gain today to stand at RMB 14450 per tonne. The prices are expected to move within a range of RMB 14,430-14,470. Spot discount will...
Alcoa doubles its 2017 full year adjusted EBITDA YoY on higher alumina and aluminium pricing
Alcoa Corporation the leading global conglomerate in bauxite, alumina and aluminium reported fourth quarter and full-year 2017 results yesterday. The results were positively impacted by strong alumina and aluminium pricing and management’s focus on reducing complexity, driving returns and...
A00 ingot price in China drops further on growing inventory and slow consumption
Aluminium prices in China are under pressure as Chinese inventory grows on slow consumption. As reported by Shanghai Metals Market, Average A00 ingot price dropped further to stand at RMB 14,440 per tonne today from RMB 14,700 and expected to move within a range of RMB 14,420-14,460. Spot discount...
Spot alumina price may rally before Chinese New Year on good demand from smelters
Spot alumina price in China is struggling to stay afloat in the face of slow demand. Today’s average alumina price stands at RMB 2875 per tonne and expected to move within a range of RMB 2875 – 2875 per tonne today. SMM forecasts alumina prices are likely to rally ahead of the Chinese New Year...
Spot alumina price struggles at a range of RMB 2850-2870/t; other raw materials remain flat
Spot alumina prices in China are showing restraint as reports from SMM shows a drop in alumina production month on month, as December output drops from that in November. As reported by SMM, average spot alumina price in China increased slightly to stand at RMB 2866/t today. Alumina prices have not...
A00 ingot prices continue to stay low in China, expected to drop further in short term
Primary aluminium ingot price is on a downward curve in China as the positive vibes in the last week of December is fading away and the market is getting concerned about the climbing inventory and the impact it is going to have on the aluminium prices in the first quarter of 2018. Despite the...
Alumina drops at South China market, prebaked anode on downward trend
Spot Alumina prices have registered mixed momentum in China today. Average spot alumina price in China has registered a small drop to stand at RMB 2854 per tonne today. In the four domestic alumina market, average price stands at RMB 2825 per tonne, registering a slight increase. In South China...
Average A00 ingot price registers an increase, alumina falls in South China market
China aluminium prices are struggling to stay up in the face of higher inventory and lower raw material prices. After registering a slight drop yesterday, Average A00 ingot price increases today to stand at RMB 14,770 per tonne and expected to move within a range of RMB 14,750-14,790. According to...
A00 ingot holds ground despite climbing inventories in China; Alumina registers a slight rise
According to Shanghai Metals Market statistics, China’s social inventory of primary aluminium including SHFE warrants climbed further to 1.78 million tonnes as of January 2, up 19,000 tonnes from levels seen on December 28. Current stocks in the major Chinese cities are as follows: Average A00...
SHFE aluminium drops on the first day of trading; A00 ingot prices follow suit
On the first day of trading, the benchmark aluminium price at Shanghai Metal Exchange (SME) registered slow momentum and dropped to US$2256 per tonne today from US$2,261 per tonne on Friday, December 29. SMM expect the SHFE main aluminium contract to trade at RMB 15,250-15,500 per tonne. Spot...
Aluminium ingot prices stay up in the end of the year; ex-China deficit will boost export
However, primary ingot prices are trending high at the end of the year despite higher inventory in China. Trading is closed today due to the New Year Holiday. Average A00 ingot price stands at RMB 14,700 per tonne today and expected to move within a range of RMB 14,680-14,720 per tonne. Spot...
China aluminium inventory at 10-year high; A00 ingot prices up in tandem with LME
SHFE aluminium is following the movement of its western counterpart and growing despite the growing inventories in China. According to SMM statistics, offsetting all the efforts of winter capacity cut, China’s social inventory of refined aluminium including SHFE warrants surged to near-10-year high...
