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 China customs data, China’s domestic primary aluminium imports during the first two months of 2024 amounted to 472,000 tonnes, encountering a year-on-year surge of 214.7 per cent. The primary import sources were Russia, India, Indonesia, China, Malaysia, the United Arab Emirates, and...
The Shanghai Metals Market, on March 22, today has shown mixed price trends with the SMM A00 aluminium ingot price shedding RMB 40 per tonne to officially close at RMB 19,300 per tonne. The eight central provinces in China have all displayed fluctuations in aluminium prices, with the only spike...
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has built up by RMB 100 per tonne overnight to stand at RMB 19,340 per tonne on Thursday, March 21. The average prices are expected to range between RMB 19,320 per tonne and RMB 19,360 per tonne, with spot...
Vedanta Limited has revised its aluminium prices twice in only three days this week. On Tuesday, March 19, 2024, Vedanta increased its aluminium selling prices in line with the LME aluminium price growth on the two previous days, and on March 20, it cut the prices in response to the LME price...
The Shanghai Metals Market has been on the lower side today, with the A00 aluminium ingot price arriving at RMB 19,240 per tonne, a slight decrease of RMB 10 per tonne. If we consider the price recorded on March 13, there can be seen an escalation of RMB 90 per tonne, or 0.47 per cent, from the RMB...
On Tuesday, March 19, China’s A00 aluminium ingot price remained unchanged at RMB 19,250 per tonne, with the average prices between RMB 19,230 per tonne and RMB 19,270 per tonne. The spot contract price also remained unaltered at a discount price of RMB 70 to RMB 30 per tonne. The domestic...
Jiaxin New Materials Company has recently achieved a significant milestone by successfully developing and producing A356 aluminium alloy square ingots. These ingots boast exceptional physical and chemical properties, perfectly aligning with the requirements of our esteemed customers, who have...
The SMM aluminium market has witnessed an increase in prices today, with the SMM A00 aluminium ingot price soaring by RMB 70 per tonne to rest at RMB 19,250 per tonne, with the average prices ranging between RMB 19,230 per tonne and RMB 19,270 per tonne. This week’s start seems optimistic in...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices on Thursday, March 15, in line with the LME aluminium price drop. Like other Indian aluminium companies, Hindalco links its aluminium prices to the three-month futures of aluminium on the London Metal...
On Friday, March 15, China’s A00 aluminium ingot price slumped by RMB 80 per tonne to settle at RMB 19,180 per tonne, with the spot contract price expected to be traded at a premium price of RMB 10 to RMB 50 per tonne. The average prices may orbit between RMB 19,160 per tonne and RMB 19,200 per...
According to a recent report by the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO), Iran's four leading aluminium production firms manufactured 54,893 tonnes of aluminium ingots in February 2024. This marked an increase from the 51,416 tonnes produced in...
According to the Shanghai Metals Market survey, China’s average alumina spot price has dipped by RMB 1 per tonne on Thursday, March 14, marking the fourth consecutive day of fall. Thus, the price stands at RMB 3,321 per tonne, down by RMB 11 per tonne or 0.33 per cent week-on-week compared to RMB...
At the end of last week on March 7, China's domestic aluminium ingots and aluminium billets inventory showed a downtrend with the arrival of the traditional peak season. According to SMM, aluminium ingots inventory in China's eight major consumption areas stood at 821,000 tonnes, up 3,000 tonnes...
On Wednesday, March 13, China’s A00 aluminium ingot price ascended by RMB 20 per tonne to settle at RMB 19,150 per tonne, with the average prices between RMB 19,130 per tonne and RMB 19,170 per tonne. The spot contract price may be traded at a discount price of RMB 50 to RMB 10 per tonne. The...
Recently, Southwest Aluminum's Melting and Casting Plant achieved a significant milestone with the successful trial production of a large-scale new aluminium alloy square ingot. This accomplishment marks a pivotal step forward, providing a solid foundation for the upcoming rolling research of this...
According to the Shanghai Metals Market survey, the average alumina spot price has dropped by RMB 2 per tonne, marking a second consecutive day of fall. On the previous day, the average alumina price decreased by RMB 4 per tonne to stand at RMB 3,328 per tonne. Today, the price has come in at RMB...
Aluminium, a versatile metal, holds immense importance in numerous industries and everyday applications. Its lightweight nature and impressive strength and durability make it indispensable in the aerospace, automotive, and construction sectors. Aluminium's high strength-to-weight ratio allows for...
According to the Shanghai Metals Market survey, China’s aluminium production in February 2024 (29 calendar days) stood at 3.333 million tonnes, up by 7.81 per cent year-on-year and down by 6.43 per cent month-on-month . Despite a drop in monthly production, the daily average output stood steady at...
