Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
Aluminium eggshells take on space debris with nearly 65% impact reduction
Researchers at Dalian University of Technology in China have tested a spacecraft protection structure made from water-filled aluminium eggshells, with the design reducing the velocity of an impact projectile by nearly 65 per cent. The research, published in the Journal of Applied Physics , looked...
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China’s bauxite imports mark a new monthly high in April 2024, with Turkey replacing Brazil as the third-highest exporter
According to China customs data, the country’s bauxite imports in April 2024 reached a record monthly high of 14.2376 million tonnes, up by 20.02 per cent M-o-M and 18.84 per cent Y-o-Y. In March 2024, China’s bauxite import volume amounted to 11.8628 million tonnes, reflecting an increase of 5.19...
Guizhou Gui Aluminium, the first in Qingzhen to achieve the three-level safety production standardisation
On May 14, 2024, in line with Guizhou Gui Aluminium New Materials’ safety production standardisation establishment arrangement, a team of five evaluators from the Qingzhen Emergency Management Bureau conducted an on-site assessment. Following a thorough review, Guizhou Gui Aluminium New Materials...
Average alumina spot price in China shows W-o-W growth of 3.38%; A00 aluminium ingot price moves up to RMB20790/t
On Friday, May 24, the average alumina spot price in China gained RMB 30 per tonne, settling at RMB 3,845 per tonne. As per the SMM data, a surge of RMB 126 per tonne or 3.38 per cent was recorded W-o-W from RMB 3,719. The alumina prices as of today have shown growth in all the provinces, with...
CSRC greenlights Ningbo Xusheng Group's convertible bonds for Shanghai Stock Exchange listing
On May 11th, a significant development took place as the China Securities Regulatory Commission (CSRC) granted approval for Ningbo Xusheng Group Co., Ltd.'s registration of convertible bonds with an undisclosed issuer. This endorsement by the CSRC paves the way for Xusheng Group's convertible bonds...
Chinalco announces its ambitious Dual Carbon and Digital Intelligence Action Plans at the Fuzhou Conference
On May 10, Chinalco's high-end dual carbon and digital intelligence action plan conference was held in Fuzhou. During the meeting, Chinalco unveiled its high-end "Digital Intelligence Action Plan (2024-2026)" and "Dual Carbon Action Plan." Chinalco Ruimin, recognised for its exemplary...
SMM A00 aluminium ingot price negates RMB340/t today; China’s alumina spot price adds RMB42/t
According to Shanghai Metals Exchange, the SMM A00 aluminium ingot price has descended by RMB 340 per tonne to officially close at RMB 20,750 per tonne, with the average prices ranging between RMB 20,730 per tonne and RMB 20,770 per tonne. The eight main provinces in China have all witnessed...
Aluminium ingot price rally in China dampens buying interest, leading to additional 12,000 tonnes of stock accumulation
The Shanghai Metals Market survey reported on Monday, May 20, that China's domestic social inventories of aluminium ingot across major consumption areas came in at 759,000 tonnes, experiencing an increase of 12,000 tonnes over the weekend. SMM also calculated and found that the stock level on May...
Shandong Xintong Aluminum joins AL Biz, the world’s first global marketplace connecting millions of buyers & sellers
Shandong Xintong Aluminum Technology Co., Ltd. stands at the forefront of the aluminium industry and is distinguished by its specialisation in producing top-tier aluminium products. In a significant move towards furthering its commitment to excellence, Shandong Xintong Aluminum recently joined the...
Alcoa proposes special terms to CITIC Group to smooth the $4 billion Alumina Ltd. deal
In a strategic manoeuvre to secure Alumina Ltd.'s $4 billion buyout, American aluminium giant Alcoa has tailored a unique arrangement for the company's second-largest shareholder, China's CITIC Group. As reported by the Australian business-focused, compact daily newspaper Australian Financial...
China’s A00 aluminium ingot price marks W-o-W surge of RMB620/t; Alumina price soars by RMB42/t
On Wednesday, May 22, China’s A00 aluminium ingot price expanded by RMB 330 per tonne to settle at RMB 21,090 per tonne, with the spot contract price expected to be traded at a discount price of RMB 160 to RMB 120 per tonne. On a W-o-W calculation, the domestic aluminium ingot price has surged by...
Global metals supply chains under geopolitical strain, China crucial in green tech: BofA report
In a recent report, Bank of America (BofA) underscored the profound impact of geopolitical dynamics on global metals supply chains, spotlighting China's pivotal role in green technology industries. The report highlights China's overwhelming dominance in producing electric vehicles (EVs), batteries,...
Jan-Apr 2024: World primary aluminium production grows 4% Y-o-Y due to demand recovery and reduced production costs
According to the International Aluminium Institute survey, the world’s primary aluminium production in April 2024 witnessed a month-on-month drop of 3.12 per cent but a year-on-year rise of 3.33 per cent. As per the data revealed, world’s primary aluminum output was 5.9 million tonnes in April...
China set to assist Tajikistan in modernising Tajik Aluminum Company
Eurasianet reported on May 20 that China is set to assist Tajikistan in completing several major infrastructure projects, including modernising the Tajik Aluminum Company (TALCO), the country's largest industrial enterprise. TALCO has recently increased its output, producing over 66,000 tonnes of...
Jiaxin New Materials Company marks a robust start to 2024 with the production of A356 aluminium alloy ingots
China-based Jiaxin New Materials Company successfully anchored its target tasks through scientific planning and efficient production organisation in the first quarter. The company achieved 102.92 per cent of its operating income goal, 105.1 per cent of its total industrial output value target, and...
UK Trade Remedies Authority initiates review of aluminium foil imports from China
The UK's Trade Remedies Authority (TRA) has launched a transition review concerning aluminium foil imports from China. This follows a 2013 ruling during the UK's EU membership, where the European Union identified instances of dumping by Chinese producers and imposed anti-dumping measures....
China’s unwrought aluminium and products imports surge 86.6% Y-o-Y from Jan-Apr 2024, resulting in 127.7% domestic stock hike
According to China customs data, China’s unwrought aluminium and products imports (including primary metal and unwrought, alloyed aluminium) in April 2024 surged by 72.1 per cent year-on-year to reach 380,000 tonnes. China’s total imports of unwrought aluminium and products amounted to 1.49 million...
China’s alumina spot price increases by RMB10/t today; SMM A00 aluminium ingot price sheds RMB100/t
China’s alumina spot price has soared by RMB 10 per tonne to officially close at RMB 3,731 per tonne. The alumina price in Guangxi has grown by RMB 20 per tonne to arrive at RMB 3,770 per tonne, while the alumina price in Lianyungang has secured RMB 15 per tonne to close at RMB 3,775 per tonne. The...
LME aluminium benchmark price opens the week with a growth of US$24/t; SHFE price loses US$12/t
LME aluminium opened at US$2,621 per tonne in the previous trading day, with its low and high at US$2,605 per tonne and US$2,648 per tonne, respectively, before closing at US$2,626.5 per tonne, up US$5.5 per tonne or 0.21 per cent. On Monday, May 20, both LME aluminium cash bid price and LME...
