Macro perspective: Fed Chairman Warsh delivered a hawkish speech at the Jackson Hole symposium, lifting market expectations for a September rate hike to around 60 per cent, while the US dollar consolidated amid fluctuations, unsettling the nonferrous metals sector. The Fed's latest Beige Book...
India’s aluminium recycling sector has matured significantly over the past decade. Secondary aluminium, produced by remelting and refining scrap, now accounts for a growing share of the country’s total aluminium consumption. Recycling aluminium requires up to 95 per cent less energy than smelting...
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The price of alumina, as well as primary and secondary aluminium ingot, is stabilising from the leaps of hike in the Chinese metals market. Image Source: Advanced Ceramic Materials (ACM) Corporation Alumina pricing: Averaged and provincial On Monday, December 2, as the week and the month started,...
On Friday, November 29, the A00 aluminium ingot price has descended by RMB 40 per tonne to clock at RMB 20,360 per tonne, with the spot contract price expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The average prices are expected to stand between RMB 20,340 per tonne and RMB...
Prices of aluminium ADC12 alloyed ingots remained stable w-o-w across both northern and southern regions in India, largely due to ongoing sluggish demand in the automotive sector and a weakened export market. BigMint's weekly assessments for ADC12 (non-OEM) grade stood at INR 201,000/tonne (t) in...
On Wednesday, November 27, China’s A00 aluminium ingot price has dropped by RMB 60 per tonne to settle at RMB 20,540 per tonne with the average prices standing between RMB 20,520 per tonne and RMB 20,560 per tonne. The prices have fallen in all the provinces, with the highest in Linyi, where it has...
On Tuesday, November 26, the average price of A00 aluminium ingot in the Shanghai Metals Market stood at RMB 20,600 per tonne, with a fall of RMB 70 to yesterday's price. The price change was witnessed to be 1.1 per cent lower M-o-M and merely 0.3 per cent higher W-o-W. Image Source:...
On Monday, November 25, the A00 aluminium ingot price opened the week with a growth of RMB 60 per tonne to settle at RMB 20,670 per tonne, with the spot contract price expected to be traded at a premium price of RMB 50 to RMB 90 per tonne. The average prices may range between RMB 20,670 per tonne...
According to the Shanghai Metals Market (SMM) on Friday, November 22, the price of alumina has added RMB 18 per tonne to settle at RMB 5,691 per tonne. On the same day, the prices in Shanxi, Henan and Shandong have grown by RMB 25 per tonne and RMB 20 per tonne to settle at RMB 5,750 per tonne, RMB...
India's ADC12 non-OEM prices experienced a slight rise of INR 1,000/t ($12/t) w-o-w due to higher raw material costs. However, demand for aluminium ADC12 remained sluggish in the domestic markets of Delhi-NCR and Chennai. BigMint's benchmark assessments for ADC12 (non-OEM) grade stood at INR...
Alumina prices are still on the rise in the Shanghai Metals Market (SMM). But, after a long wait, the price hike rate has decreased in the past couple of days, sparking hope among aluminium industrial manufacturers, traders and suppliers. Image Source: https://www.britannica.com/ Alumina pricing:...
On Wednesday, November 20, the average alumina spot price in China has ascended by RMB 13 per tonne to settle at RMB 5,659 per tonne. The alumina price has continued its growth trajectory since September. The prices of Lianyungang and Bayuquan have surged by RMB 50 per tonne to peg at RMB 6,050 per...
According to the Shanghai Metals Market (SMM) analysis, the average alumina spot price has hiked by RMB 24 per tonne to settle at RMB 5,646 per tonne. W-o-W, the price has grown by RMB 156 per tonne or 2.84 per cent, and M-o-M the alumina price has shown a surge of RMB 1,039 per tonne or 22.55 per...
As the week progresses, on Thursday, November 14, the alumina price surge trend, witnessed since the initial days of September, continues its upward climb in a similar ratio. Image Source: https://www.made-in-china.com/ Alumina pricing Today, the nearly colourless crystalline substance stood at RMB...
Aluminium Stewardship Initiative (ASI), the global organisation known for setting industry standards and certification in the aluminium value chain, has recently announced the certification of Daiki Aluminium. The Japanese manufacturer, known for producing secondary aluminium alloys used in...
Iran's state-run metals and mining company IMIDRO announced on November 10 that the cumulative aluminium ingot output in four principal smelters in the country of South Aluminum Corporation, IRALCO, Almahdi Aluminium Company, and Iran Alumina Company attained 352,423 tonnes in the first seven...
The SMM alumina price has experienced a challenging momentum since the beginning of September. The average alumina spot price has shown unprecedented growth, reflecting a Y-o-Y spike of RMB 2,435 per tonne or 81 per cent from RMB 3006 per tonne recorded on November 13, 2023. Image Source: Itaforte...
Jiaxin New Materials Company has conducted a trial production of its new 7-series high-end aluminium alloy round ingot product. The development of this much-awaited product marks a significant milestone for the China-based company. The newly developed product is a high-strength aluminium alloy with...
According to the Shanghai Metals Market (SMM) analysis, the average alumina spot price in China has continued its upward trajectory, reflecting a W-o-W hike of 5.37 per cent and a y-o-Y surge of 77 per cent from RMB 5,056 per tonne and RMB 3,010 per tonne. Image Source: Itaforte Alumina price...
On October 15th, Inner Mongolia Weiwang Aluminum Products Processing Co., Ltd. officially entered the trial production phase of its aluminium alloy ingot project. With a significant investment of RMB 100 million, the facility is set to produce 60,000 tonnes of aluminium alloy ingots annually,...
