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 $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
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A00 ingot and alloy prices in China see some uptrend at the end of the year; alumina stays flat today
Weak alumina prices have not much affected the primary ingot prices in China as the A00 ingot prices have seen another rise across all markets today. Average A00 ingot price stands at RMB 14,380 per tonne today and expected to move within a range of RMB 14,360-14,400 today. Christmas trading...
Alumina drops further after a temporary restraint at the expectation of supply tightness
Despite market participant’s expectations that alumina prices would rebound following some production cuts due to shortage of natural gas, alumina continued to move downward after a brief stop. As forecasted by analysts from SMM, natural gas rationing had little influence on alumina output and...
China alumina supply not to be affected by natural gas shortage; prices to dip further
Market participants have expected alumina prices to rebound following some production cuts due to shortage of natural gas. However, analysts from SMM believe natural gas rationing will have little influence on alumina output next week so the price would slope downward further. Lower inventories...
LME registers substantial gain before Christmas holiday; SHFE still slow on low demand and no support from alumina
LME has registered some substantial growth during the holiday season with the benchmark LME prices rising above US$ 2130/t. LME aluminium registered a record high in Friday's trading and today trading closes at 12.30 ET on Christmas holiday. As on December 22, LME official cash buyer aluminium...
A00 ingot prices in China show restraint; rangebound is uncertain
Primary ingot prices in China are hovering at a level above RMB 14000 without any strong support after falling drastically at the end of the first week of December. Average A00 ingot price has increased slightly to stand at RMB 14,290/t today from RMB 14,280/t yesterday. As updated by Shanghai...
LME up on rangebound trading; SHFE aluminium down on lower alumina price
The end of the year is seeing some substantial growth in benchmark LME prices closing at US$ 2108.50/t. LME aluminium recorded a six-week high in last night’s trading SMM expects to see rangebound trading next, at $2,130-2,160/t today. As on December 21, LME official cash buyer aluminium price (Bid...
Alumina prices continue to stay low, no strong growth driver for aluminium in China
The dichotomy of alumina and aluminium remains on the same page as alumina is falling on the price curve while primary aluminium is recovering from the recent fall that started in November. Spot alumina price in China has dropped from the year’s high of RMB 3730/t in November first week to RMB...
LME aluminium uptrend lacks momentum as alumina prices continue to slide
The uptrend in LME aluminium seems to be lacking momentum. With alumina prices declining in China domestic market (US$438 per tonne as on December 21 down from US$538 per tonne on November 21) the light metal contract is expected to rise but within a narrow range. Technical analysis suggests that...
Aluminium up while alumina on the downward curve in China; output cut assessment to be complete by end of December
The price of A00 ingot in China is continuing its recovery after the fall through November and December. Average A00 ingot price has increased further to stand at RMB 14,310/t on December 20 from RMB 14,180/t on December 19. As updated by Shanghai Metals Market, the primary ingot prices registered...
Alumina prices in China register a drop of 22% since first week of November; imported alumina down due to slow demand
Alumina prices have seen another drop today continuing the trend that started in November second week after the starting of winter capacity cut. From RMB 3730/t in the beginning of November spot average alumina price has dropped to RMB 2918/t, registering a drop of about 22%. The price drop was...
Spot alumina in China stabilizes after continuous fall; A00 ingot on upward trend
Spot alumina prices were on a downward trend in China through November continuing in December, following the downtrend in aluminium. The prices are showing some restraint and stand unchanged today. As updated by Shanghai Metals Market, average spot alumina price in China remains unchanged at RMB...
Rising alumina prices not a concern for Hindalco
The alumina price index (API) used for individual price discovery of alumina spot has been quite volatile this year. In October, the API surged to record highs driven by supply corners over curtailments in Chinese alumina refineries. The higher alumina prices, however, were not backed by a...
Alumina output in China drops in November month on month; but up 8.6% YoY
According to the latest SMM production survey on China’s base metal market, the preliminary output data for November 2017 shows alumina output dropped to 5.6 million tonnes from 6 million tonnes in October. Though the output drops month on month, it registered an increase of 8.6% YoY. YTD...
China alumina spot prices extend drop; average alumina down by RMB 48/t
Alumina spot prices declined across China major markets thereby extending their month-long drop. The average alumina spot price dropped from RMB 3189 per tonne on December 8 to RMB 3141 per tonne on Monday, December 11. Since RMB 3701 on November 13 this year, alumina prices have declined by 15 per...
Spot alumina prices in China drop on slow demand and falling metal prices
China’s spot alumina prices are dropping steadily due to slow demand from smelters and falling domestic aluminium prices. This was also reflected in the fact that China’s domestic bauxite consumption dropped 2.51% month on month to 8.15 million tons in November. As updated by Shanghai Metals...
Alumina and bauxite prices drop in China following downtrend in aluminium prices
Spot Alumina prices in China are dropping steadily through November continuing in December, following the downtrend in aluminium. As updated by Shanghai Metals Market, average spot alumina price in China has dropped from RMB 3370 per tonne on December 5 to RMB 3348 per tonne on December 6. Domestic...
LME aluminium prices remain flat today, higher oil and alumina prices to keep price high in medium term
The month of November was marked by lower LME aluminium prices and on the whole aluminum prices decreased by 5.6% during this month. Aluminum prices rallied since August 2017 and broke the resistance levels. However, despite the price declines in November, the early days of December is showing some...
Nalco targets selling 6-7 lakh tonne of alumina in H2 FY18
India’s leading integrated aluminium producer National Aluminium Company Limited expects that it will sell around 6-7 lakh tonnes of alumina in the second half of the current fiscal ending March 3, 2018. Average alumina prices in the global market have corrected to US$512.13 from US$527 per tonne...
