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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EU singles out China, trade guide retains focus on key sectors
The European Commission has released a revised report on state-led distortions within the Chinese economy, expanding its scope to include additional sectors. This move may allow EU chip and clean-tech producers to file anti-dumping complaints. Published on March 10, 2024, the updated report is 712...
LME aluminium benchmark price hikes to US$2,428.5/t; SHFE price ascends by US$9/t
LME aluminium opened at US$2,459.5 per tonne in the previous trading day, with its high and low at US$2,494 per tonne and US$2,437 per tonne, respectively, before closing at US$2,471 per tonne, an increase of US$12.5 per tonne or 0.51 per cent. On Wednesday, April 10, both LME aluminium cash bid...
From kitchen staple to industrial marvel: Aluminium foil, the unsung hero of sustainable packaging solutions
Aluminium foil is not merely a basic kitchen necessity but has transformed into a versatile product with a wide range of traditional and innovative uses. It can be touted as a marvel of material science. Over recent years, the role of aluminium foil has evolved significantly, transitioning from a...
Crisis at sea, turmoil on land, auto manufacturers on edge
The Red Sea ship assaults by militants have sparked concerns over potential trade disruptions, leading numerous prominent global shipping companies to redirect their vessels via the Cape of Good Hope. The European automotive sector is already feeling the effects of this crisis as it relies heavily...
Aluminium surges to 14-month high amidst strong market sentiment
On Wednesday, aluminium prices surged to their highest levels in 14 months, alongside other industrial metals reaching new peaks. Investors flooded into the sector, driven by optimism surrounding the global economy. As per the data from MarketScreener, the benchmark three-month aluminium on the...
SMM A00 auminium ingot price levitates by RMB1210/t M-o-M; High purity aluminium price gains RMB100/t
Today, the Shanghai Metals Market has seen an uptrend in aluminium prices, with the SMM A00 aluminium ingot price halting at RMB 20,300 per tonne, augmenting by RMB 120 per tonne. On a Month-on-Month scale, there has been an increase of RMB 1,210 per tonne or 6.34 per cent from RMB 19,090 per tonne...
China Hongqiao Group Chairman Zhang Bo commits to carbon goals unveiling in 2024
China Hongqiao Group Chairman Zhang Bo recently told at a conference that his company will announce its carbon goals and pathways later this year. There were no indications of what might be in the announcement, only that the company was working with several institutions and companies to develop its...
US aluminium plates, sheets and bars imports in January 2024 jumped close to the previous year’s level
According to the US Census Bureau survey, the United States aluminium plates, sheets and bars imports in January 2024 jumped close to the previous year’s level, reaching 98,400 tonnes. Last year, the United States aluminium plates, sheets and bars imports were 99,400 tonnes. However, from February...
March 2024: Chinese alumina refineries experience 8% surge in domestic output amid upturn in production capacity
According to the Shanghai Metals Market survey, China’s metallurgical-grade alumina production amounted to 6.782 million tonnes in March 2024 (31 calendar days), reflecting a month-on-month increase of 8.3 per cent from 6.262 million tonnes and a year-on-year rise of 2.13 per cent from 6.64 million...
SMM A00 aluminium ingot price surges by 8.37% Y-o-Y; Low carbon aluminium price gains RMB128/t
On Wednesday, April 10, China’s A00 aluminium ingot price has gained RMB 120 per tonne to settle at RMB 20,180 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. As per the SMM data, the domestic aluminium ingot prices have been on a...
China’s aluminium production exceeds 10 million tonnes in Q1 2024, with an annual output rise of 4% in March
According to the Shanghai Metals Market survey, China's aluminium production in March 2024 (31 calendar days) amounted to 3.555 million tonnes, bringing the country's total aluminium output in the year's first quarter to 10.45 million tonnes. On a month-on-month basis, China's aluminium production...
Bauxite supply constraints affect China's alumina sector
China's alumina market is under pressure at the moment. Supply of bauxite from local mines remains difficult. The authorities are controlling the amount of explosives that can be used to unlock the ore. As well, some mines have not been successful in getting mining permits. Imported ore is also...
China's aluminium market shows strength
China's aluminium prices hit RMB20,000/t on Monday. The main index price reached RMB20,200/t, while the spot price also crept over the line, achieving RMB20,100/t. The spot eased slightly today, but the main index price found more energy. External factors have achieved this level. The internal...
China’s aluminium ingot inventory slumps at a higher rate as downstream operations continue to recover
On the recovery of downstream operating rates last week, the consumption of aluminium ingots rose leading to a decline in social inventories, found the Shanghai Metals Market. According to SMM data, the average operating rate across major aluminium processing enterprises stood at 64 per cent last...
Bauxite Titans of 2023: Unveiling the top bauxite producing countries
In 2023, the global bauxite industry experienced substantial changes, marked by shifts in production, trade dynamics, and pricing patterns. Australia, Guinea, and China emerged as key players shaping the worldwide bauxite market landscape. In 2023, global bauxite production was estimated to show a...
A stable operating rate is seen across Chinese downstream aluminium sectors, achieved by lower processing fees
According to the Shanghai Metals Market survey the average operating rate of major aluminium processing enterprises decreased by 0.5 percentage point week-on-week to 64 per cent in the last week, from April 1 to April 5. The secondary aluminium alloy sector primarily contributed to the fall, while...
China’s A00 aluminium ingot price stands above RMB20100/t post Qingming Festival; Low carbon aluminium price expands to RMB21002/t
On Monday, April 8, China’s A00 aluminium ingot price expanded by RMB 360 per tonne to settle at RMB 20,110 per tonne. The spot contract price is expected to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. The average prices may range between RMB 20,090 per tonne and RMB...
Primary aluminium weekly: Chinalco & Rio Tinto CEOs discuss mutual growth strategies focussing on the aluminium industry
At the Chinalco Group headquarters on March 24, Chairman Duan Xiangdong met with Jakob Stausholm, CEO of the Rio Tinto Group, and his accompanying delegation. The discussions were thorough, emphasising the enhancement of practical collaboration to attain mutually advantageous growth. India's...
