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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According to the Shanghai Metal Market (SMM), alumina prices have again surged for the 5thday at a stretch. Today, as of 18th September, the price has ascended by RMB 7 per tonne, reaching RMB 3,975 per tonne. The increase in key regions like Henan, Shanxi and Guizhou is even higher, with prices up...
According to the Shanghai Metal Market, alumina prices have again surged by RMB 1 per tonne, reaching RMB 3,943 per tonne. The increase is even higher in the Shandong region, with prices up by RMB 5 per tonne. This brings the average price to RMB 3935 per tonne, fluctuating between RMB 3900 per...
According to the Shanghai Metals Market (SMM), China’s average alumina price has again gained RMB 4 per tonne after the three consecutive days of restraint. With the latest rise, the price has reached a new high in two years at RMB 3,942 per tonne, marking a week-on-week increase of RMB 10 per...
According to the Shanghai Metal Market survey (SMM), as of 9th August 2024, the week initiated a reduction in China’s A00 aluminium ingot price by RMB 50 per tonne. Today, the average aluminium price settled at RMB 19,160 per tonne, with the spot contract price likely to be traded at a discount...
On September 6, 2024, the A00 aluminium ingot price in China, as reported by the Shanghai Metal Market (SMM), ended the week with a dwindle in price by RMB 90 per tonne, following a slight decrease the day before. The price settled at RMB 19,210 per tonne, increasing the month-on-month price by RMB...
China’s A00 aluminium ingot price has continued to decline on Thursday, September 5, albeit at a slower rate. According to the Shanghai Metals Market survey, the price dwindled by RMB 30 per tonne, reaching at RMB 19,300 per tonne. The average prices are estimated to range between RMB 19,280 per...
As of 2nd September, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the month with an average price of RMB 19,460 per tonne, dropped by RMB 170 per tonne from the previous day. The average price is likely to fluctuate between RMB 19,440 per tonne to RMB 19,480 per...
On Thursday, August 29, China’s A00 aluminium ingot price has declined by RMB 250 per tonne to settle at RMB 19,550 per tonne, with the average price expected to stand between RMB 19,530 per tonne and RMB 19,570 per tonne. The spot contract price will be traded at a discount price of RMB 110 per...
According to the Shanghai Metals Market (SMM), the price of A00 aluminium ingots has experienced a slight increase after stabilising the previous day. On August 28th, the price has grown by RMB 60 per tonne, reaching RMB 19,800 per tonne. However, the price remains on a downtrend when compared to...
The Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) has reported a slight increase in the country's aluminium ingot production for the first four months of the current Iranian calendar year, which ended on July 21. According to a report cited by the Islamic...
On Monday, August 26, the Aluminium Stewardship Initiative announced that it successfully certified Cameroon’s primary aluminium producer, Alucam, against the Performance Standard V3 (2022) certification. Alucam has reportedly bagged the certification for primary aluminium smelting, including the...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has initiated the week of August 26 with an increase of RMB 40 per tonne to stand at RMB 19,740 per tonne. The price has marked a week-on-week hike of RMB 280 per tonne from RMB 19,460 per tonne and a month-on-month surge...
On 23rd August, according to the Shanghai Metal Market (SMM), China’s A00 aluminium ingot market seemed stable compared to the previous few days. Today, the average aluminium ingot price has experienced a very slight increase by RMB 10 per tonne after a huge surge in price for the entire week,...
According to the Shanghai Metals Market (SMM) survey, as of August 21, 2024, China's domestic A00 aluminium ingot price has continued to increase by RMB 100 per tonne to officially close at RMB 19,590 per tonne . China's domestic A00 aluminium ingot price has risen for the fifth consecutive day in...
On August 20th, 2024, the A00 aluminium ingot price in China, as reported by the Shanghai Metal Market (SMM), increased by RMB 30 per tonne, following a significant increase the day before. The price settled at RMB 19,490 per tonne, bringing the month-on-month price to the same level of RMB 19,490...
According to Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot market has initiated the week with a price surge of RMB 230 per tonne to register at RMB 19,460 per tonne. On a week-on-week basis, the price has escalated by RMB470 per tonne, while that on a month-on-month calculation...
AS METAL COM SRL, a recycling centre in Bucharest, Romania, has reportedly obtained the ASI Performance Standard V3 (2022) certification for the recycling of aluminium scrap. The scrap is used in the manufacture and supply of secondary aluminium alloys cast in ingots and hemispheres for the...
According to the Shanghai Metal Market (SMM) survey, China's A00 aluminium ingot price has experienced a slight decrease of RMB 40 per tonne on Wednesday, August 14, following a restraint on the previous day, settling at RMB 18,950 per tonne. This has resulted in a sharp month-on-month fall of RMB...
