Aluminium prices drift higher as September peak season operations recover amid low inventory
Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
Macro disturbances cap upside room, while destocking continues to support aluminium price stabilisation
Futures: The most-traded SHFE aluminium contract opened at RMB 24,240 per tonne in the night session on September 4, with a high of RMB 24,355 per tonne, a low of RMB 24,220 per tonne, and a close of RMB 24,320 per tonne, up 0.12 per cent from the previous close. Futures stabilised and rebounded,...
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Alcoa Launches $90 million Aluminum Lithium fecility
Alcoa AA +0.12% celebrated the launch of construction of its greenfield state-of-the-art aluminum lithium facility at a groundbreaking event attended by Lafayette employees, and community and state partners. Adjacent to its existing plant, the $90 million, 115,000 square-foot expansion will produce...
NALCO sells aluminium at a premium over the average LME cash price
India's state-run National Aluminium Co on Thursday said it has sold 12,000 tonnes of aluminium ingots at nearly $162 per tonne premium over the average LME cash price on a cost, insurance and freight (CIF) basis to a European trader. The metal would be shipped to the buyer in eight batches of...
Salvors recover aluminium from Rena wreck
Salvors have made good progress recovering bundles of aluminium ingots from the wreck of the Rena despite bad weather earlier in the week. Twenty-five bundles were removed from the hold of the stricken container ship stranded on the Astrolabe Reef off the coast of the Western Bay of Plenty...
NALCO sells 12,000 tonnes of aluminium ingots at $160 per ton
India's state-run National Aluminium Co Ltd has sold 12,000 tonnes of aluminium ingots at $160 per ton, a premium over the average LME cash price on a CIF basis, a senior company official said on Thursday. The metal would be shipped to the London-based buyer in six batches of 2,000 tonnes each from...
The spot premium for primary aluminum ingot in Japan jumps 17% to $170-180/mt plus LME cash
The spot premium for primary aluminum ingot, on a CIF Japan basis, was assessed 17% higher at $170-180/mt plus London Metal Exchange cash Monday, from $150/mt last week, following a 500 mt deal by a smelter in the Asia Pacific region, according to Platts data. The producer concluded the deal with a...
NALCO issues 12,000 tonnes aluminium export tender
India's state-run National Aluminium Co has issued a tender to export 12,000 tonnes of aluminium ingots, its commercial director Ansuman Das said today. The last date for submission of bids is May 8. The metal would be shipped in six batches of 2,000 tonnes each from May to October. NALCO, whose...
Rusal is Still Considering Shutting Smelters as Aluminum Falls
United Co. Rusal (486), the world’s largest aluminum producer, is still looking at the possibility of closing smelters as prices decline. “Decisions have not been made yet,” Vladislav Soloviev, Rusal’s first deputy chief executive officer, said today in the southern Chinese city of Shenzhen. “We’re...
India's NALCO sells aluminium at $152/T premium
Indian state-run National Aluminium Co Ltd has sold 12,000 tonnes of aluminium ingots at $152 per tonne premium over the average LME cash price on a CIF basis to a South Korean buyer, Commercial Director Ansuman Das said on Friday. NALCO, whose tenders serve as a global benchmark, last sold 6,000...
S.Korea buys 3,000 T aluminium ingot for July
South Korea has bought a total of 3,000 tonnes of high-grade primary aluminium ingot registered on the London Metal Exchange (LME) via tenders closed on Tuesday, the state-run Public Procurement Service said on its website (www.g2b.go.kr). Details are as follows: TONNES SUPPLIER PREMIUM(CIF/T)...
Japan's spot aluminum premium rises 13% to LME plus $150/mt CIF on restocking
Spot premiums for aluminum imported into Japan have gone up to $150/mt plus London Metal Exchange cash CIF Japan basis Tuesday, from plus $130-135/mt on Monday, as traders restocked ahead of the demand season, sources said. A deal for more than 500 mt of primary aluminum ingot to be shipped over...
Yunnan Aluminum to Produce 650,000 Mt of Aluminum Products in 2012
Yunnan Aluminum Co., Ltd. released the 2011 annual report recently, saying its production of aluminum ingot and aluminum products were 537,300 mt in 2011, up 34,500 mt compared with 502,800 mt in 2010. Meanwhile, the report also reveals that the company will produce 650,000 mt of aluminum ingot and...
S.Korea buys 3,000 T aluminium ingot for June
South Korea has bought a total of 3,000 tonnes of high-grade primary aluminium ingot registered on the London Metal Exchange (LME) via tenders closed on Wednesday, the state-run Public Procurement Service said on its website (www.g2b.go.kr). Details of the purchases are as follows: TONNES SUPPLIER...
S.Korea buys 2,000 T of aluminium ingot for June
South Korea has bought a total of 2,000 tonnes of high-grade primary aluminium ingot registered on the London Metal Exchange(LME) via tenders that closed on Tuesday, the state-run Public Procurement Service said on its website (www.g2b.co.kr). Details of the purchases are as follows: TONNES...
NALCO puts out export tender for 6,000T aluminum
BHUBANESWAR: India's state-run National Aluminium Co (NALCO) has issued a tender to export 3,000 tonnes each of aluminium ingots and aluminium sows, Ansuman Das, commercial director at NALCO, said on Tuesday. The last date for submission of bids is March 26. The metals would be shipped in batches...
Japan Q2 aluminum premiums to LME mostly at $115-122/mt; talks continue
Premiums for primary aluminum exported to Japan in the second quarter have settled mostly at $115-122/mt to London Metal Exchange cash CIF Japan, while talks involving two major overseas producers continue, sources said Thursday. Japanese buyers and overseas supplier sources said they have agreed...
Margins diminish further in European secondary aluminium
European secondary aluminium ingot prices remained stable on Friday March 2, but rising scrap prices piled yet more pressure of producers struggling with tight margins. "Ingot prices are still within last week's ranges, but scrap is going up," an ingot producer said. "Scrap merchants have reacted...
India's NALCO Raises Aluminum Prices by 1,500 Rupees/T
India's state-run National Aluminum Co Ltd (NALCO) raised prices by 1,500 rupees ($30.5) per tonne for all products, said Ansuman Das, commercial director at the metal producer. It raised prices in tandem with overseas markets, he told Reuters. The basic price of standard aluminum ingots after the...
India's NALCO offers $30 discount on aluminium products
India's state-run National Aluminium Co Ltd (NALCO) has offered a discount of 1,500 rupees ($30.45) per tonne on major categories of aluminium products, a company official said on Thursday. The latest move was prompted by changes in London Metal Exchange (LME) rates, said Ansuman Das, commercial...
