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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Exploration Orbite transforming aluminum production
Exploration Orbite Inc., developer of the Grande Vallée aluminous clay deposits in the Gaspé Peninsula, has passed another milestone towards proving the mineral can be converted successfully into alumina, the intermediate material used to smelt primary aluminum. CEO Richard Boudreault said Tuesday...
Japan aluminum demand up by 10pct in F2010
Japanese demand of aluminum ingot and processed aluminum products increased by 9.6% to 3.915 million tonnes in fiscal 2010 ended March 2011 from 20 year low of fiscal 2009. Japan Aluminum Association said that the demand increased for domestic automobile, appliances and construction while the...
NALCO cuts aluminum prices by INR 6500 per tonne - Source
Money Control reported that National Aluminum Company has cut aluminum prices by INR 6,500 per tonne a week after raising the domestic prices by INR 4,000 per tonne. The official said that both the moves were prompted by the changes in London Metal Exchange rates. With the latest move, the prices...
Minfa Aluminum: Pricing model slightly influences price fluctuation of raw materials
...Huang Chuangyuan, Vice-President and General Manager of Minfa Aluminium(002578)said on IPO road show price fluctuation of raw materials wont affect company profit, as the company’s price model is aluminum ingot plus processing fee. Product price is adjusted according to aluminum ingot...
NALCO issues 12000 tonnes aluminum export tender
...Reuters reported that India's state run National Aluminum Company Limited has issued a tender to export 12,000 tonnes of aluminum ingots...
PT Inalum expects slightly lower aluminum output in 2011
...Reuters reported that Indonesia's PT Inalum expects its aluminium ingots production to fall 1% this year because of lower water levels at the hydro power plant that supplies electricity to its smelter...
Lists Ingots As Extra Shape For Primary Aluminum Brand EMAL
...- The London Metal Exchange Wednesday said it has listed ingots as an additional shape for high grade primary aluminum brand EMAL...
NALCO sells aluminum at USD 109 premium
...Money Control reported that National Aluminum Company sold 3,000 tonnes of aluminum ingots at USD 109 per tonne premium over the average LME cash price on a cost, insurance and freight basis...
NALCO sells aluminum at USD 107 per tonne premium over LME
...Reuters reported that India's National Aluminum Company Limited sold 7,500 tonnes of aluminium ingots at USD 106.51 per tonne premium over the average LME cash price on a cost, insurance and freight basis. The senior official said that the buyer, Switzerland based Alaska Metals will get the...
NALCO floats 7500 tonnes aluminum export tender
...ET reported that India's state run National Aluminium Company Limited has issued a tender to export 7,500 tonnes of aluminium ingots. The official, who is close to the tendering process, said that the last date for submission of bids is February 15th 2011...
Korea seeks 4000 tonne aluminum ingot for April
...Reuters reported that South Korea is seeking 4,000 tonnes of high grade London Metal Exchange registered primary aluminum ingot via tenders to close on February 17th 2010...
Daiki Aluminium March ended group forecast
...Daiki Aluminium Industry Co Ltd a major producer of secondary aluminium alloy ingots forecast its result for full year ended March 2011...
India's NALCO sells aluminium at $108/T premium-source
...India's state-run National Aluminium Co Ltd (NALCO) (NALU.BO: Quote) sold 10,000 tonnes of aluminium ingots at $108 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a company source said on Thursday...
Mexico to lower import duties on steel ingot to 3pct from 5pct
... It is reported that Mexican government has announced to lower import duties on steel ingot and aluminum wire products. The import duties on steel ingot may drop to 3% from current 5%. Meanwhile, the import duty rate on aluminum wire, including alloy or non alloy, will be cut to 3% as well....
Electrolytic Aluminum Plants Low Production Resumption, Aluminum Market Lacks Upward Momentum
... Domestic aluminum market kept stably. Aluminum ingot of Chinalco remained at 16300-16500 Yuan per ton. Shanghai aluminum ingot traded at 16020-16170 Yuan per ton. Wuxi aluminum ingot traded at 16010-16190 Yuan per ton. Nanhai aluminum ingot traded at 16190-1632 Yuan per ton. ...
Security houses selling LME-warehouse aluminum in South Korea
...Global security brokers have been visiting South Korean trading companies in the past two weeks, offering to sell 1,000 mt of primary aluminum ingot, South Korean traders said Wednesday...
India NALCO issues 10,000 T aluminium exports tender
...India's state-run National Aluminium Co Ltd (NALCO) (NALU.BO) has issued a tender to export 10,000 tonnes of aluminium ingots, the company's website showed late Monday...
Inflation fight : China sells all aluminium reserves
...As part of its fight against inflation, China on Monday sold all the aluminum ingots it offered from the state reserve at below market prices...
