Aluminium fluoride prices rise on cost support; premium for high-grade supply widens
This week, trading sentiment in China's aluminium fluoride enterprises was moderate, and aluminium fluoride prices continued to rise. As of now, SMM mainstream quotations for aluminium fluoride stand at RMB 11,500-12,300 per tonne; cryolite spot prices firmed, with SMM cryolite quotations at RMB...
South China aluminium premiums hit year-to-date high on rising southwest conversion rates, scarce ingot supply
In recent weeks, the domestic spot aluminium ingot market has exhibited notable regional divergence. While basis levels in East China and the Central Plains have remained relatively stable, the South China market has seen its aluminium ingot basis strengthen independently to a year-to-date high....
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What’s brewing? Budweiser launches a ‘Can-to-Can’ recycling programme to promote recycled aluminium usage
Budweiser Brewing Co APAC Ltd, the largest beer company in the Asia-Pacific in respect to sales revenue, has reportedly launched a 'Can-to-Can' recycling programme in China to boost the activity of aluminium cans recycling. The objective is to increase the use of recycled aluminium in cans to reach...
China’s A00 aluminium ingot price loses RMB70/t to RMB 19,080/t; Aluminium powder price inches down by RMB 0.1/kg
On Tuesday, October 31, China’s A00 aluminium ingot price dropped by RMB 70 per tonne to clock at RMB 19,080 per tonne, with the average prices between RMB 19,060 per tonne and RMB 19,100 per tonne. The spot contract price may be traded at a discount price of RMB 100 per tonne to RMB 60 per tonne....
World alumina production in 3Q2023 marks sequential growth of 3.04% amid lower output in September
The world alumina production during Q3 2023 ended September 30, registered a sequential rise of 3.04 per cent to stand at 36.567 million tonnes versus 35.487 million tonnes, found the International Aluminium Institute. But on a year-on-year calculation, the output in Q3 was almost the same as...
Increasing alumina prices drive aluminum smelters' operation costs up, lowering operating incomes
China’s leading aluminium companies have unanimously reported a downfall in operating income for the first three quarters of 2023. Risen operation costs of aluminium smelters driven by domestic alumina price hikes could be attributed to the drop in operating income. After over a year, in late...
Gränges and Shandong Innovation Group JV gets green light for Yunnan recycling facility
Gränges announced establishing a joint venture with Shandong Innovation Group (SIG) on March 31, 2023 , to construct a recycling and casting facility in the hydroelectricity-abundant province of Yunnan, China. This collaborative project, aligning with Gränges' commitment to sustainability, safety,...
LME aluminium price contracts by US$32/t to US$2,170.5/t; SHFE price gains US$38/t
LME aluminium opened at US$2200 per tonne last Friday, with its low and high at US$2187 per tonne and US$2230.5 per tonne, respectively, before closing at US$2225.5 per tonne, up US$29 per tonne or 1.32 per cent. On Friday, October 27, both LME aluminium cash bid price and LME aluminium official...
European aluminium producer warns of impact from growing Chinese electric car imports
The European aluminium giant Norsk Hydro has expressed concerns about the rising influx of electric cars imported from China, indicating that this trend may significantly affect regional demand. Hilde Merete Aasheim, the CEO of Norsk Hydro, emphasized the company's attention regarding this...
Shanxi Huaxing Aluminium attends strategic cooperation meeting of China Coal Group
Yuan Guodong, Secretary of the Party Committee and Chairman of Shanxi Huaxing Aluminium, recently attended the strategic cooperation matchmaking meeting of China Coal Group Shanxi Company, where the two sides discussed deepening cooperation and exchanges, as well as accelerating cooperation and...
Guizhou Aluminum Plant successfully completed the three-system review by China Inspection in 2023
The audit team of China Inspection and Certification Group Guizhou Co., Ltd. visited the Guizhou Aluminium Plant and Guizhou Branch from October 16 to 19 to review the quality management system, occupational health and safety system, and environmental management system. This year, the factory and...
Fujian Nanping Aluminium achieves ASI Performance Standard V3 (2022) Certification
Fujian Nanping Aluminium Co., LTD. has acquired ASI Performance Standard V3 (2022) Certification for three divisions within its Yanping District, Nanping City, Fujian Province, China factory. The divisions include the Foundry Branch, responsible for producing aluminium alloy round ingots; the...
China’s A00 aluminium ingot price reflects M-o-M decline of RMB 870/t; Low carbon aluminium price falls to RMB 19,759/t
China’s A00 aluminium ingot price on Friday, October 24, has fallen by RMB 110 per tonne to clock at RMB 18,910 per tonne, with the average prices between RMB 18,890 per tonne and RMB 18,930 per tonne. The spot contract price may be traded at a discount price of RMB 40 per tonne and a premium price...
LME aluminium price marks two consecutive days of hike reaching US$2202.5/t; SHFE aluminium price plunges US$96/t M-o-M
LME aluminium opened at US$2214 per tonne on Thursday, with its low and high at US$2193 per tonne and US$2228 per tonne, respectively, before closing at US$2196.5 per tonne, up 0.7 per cent. On October 26, the LME aluminium live price chart experienced a spike in aluminium prices, with the LME...
China’s domestic A00 aluminium ingot price declines but remains above RMB19000/t
On Thursday, October 26, A00 aluminium ingot price has recorded a drop of RMB 70 per tonne after a hike last day. Nevertheless, the price is still standing above RMB 19,000 per tonne, found the Shanghai Metals Market. According to the data, A00 aluminium ingot price has come in at RMB 19,020 per...
China’s Yunnan Aluminium Co., Ltd. proudly flaunts its CNAS laboratory accreditation certificate
On October 13th, the Yunnan Aluminium Analysis and Testing Center achieved a significant landmark when the China National Accreditation Committee awarded it the laboratory accreditation certificate for Conformity Assessment (CNAS) with registration number CNAS L19152. The achievement is a testament...
Alumina price in Henan exceeds RMB3000/t level with a gain of RMB10/t
According to the Shanghai Metals Market, the average alumina spot price has continued to increase by RMB 8 per tonne on Wednesday, October 25, to stand at RMB 3,009 per tonne. In Henan, the alumina price has built up RMB 10 per tonne to settle at RMB 3,010 per tonne, following a restraint at RMB...
Shenhuo Aluminium Foil wins 'Shanghai Green Manufacturing Demonstration Unit' award
The Shanghai Municipal Economic and Information Technology Commission, in conjunction with the Municipal Development and Reform Commission, recently released the roster of green manufacturing demonstration units for the first batch of 2023. Among these units, Shanghai Shenhuo Aluminium Foil Co Ltd...
SMM A00 aluminium ingot price loses RMB10/t; China’s alumina spot price gains RMB3/t
The Shanghai Metals Market, on October 24, experienced mixed aluminium price trends, with the SMM A00 aluminium ingot price shedding RMB 10 per tonne to close at RMB 18,910 per tonne. The average aluminium prices have ranged between RMB 18,890 per tonne and RMB 18,930 per tonne. China’s major...
Rusal to secure 30% stake in Chinese alumina company in $261.6 million deal
On October 24, 2023, the Russian aluminium giant and one of the world's leading low-carbon aluminium producers, Rusal, disclosed the news to acquire a 30 per cent equity stake in Hebei Wenfeng New Materials (HWNM), a Chinese alumina producer, for $261.6 million (RMB 1.91 billion). However, as...
