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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World primary aluminium production declines 3% M-o-M in Sept’23 but rejuvenates over a year
World’s primary aluminium production in September 2023 amounted to 5.871 million tonnes, reflecting a month-on-month fall of 2.97 per cent from 6.051 million tonnes, found the International Aluminium Institute. The output fell after two consecutive months of rise. The last downfall in world’s...
Tragic explosion claims six lives at recycled aluminium casting workshop in Southern China
According to reports on October 21, 2023, a tragic incident occurred at a factory in southern China, resulting in an explosion that claimed at least six lives. A devastating explosion occurred on October 20 in a factory workshop. The death toll was raised to six when four individuals were initially...
China’s alumina price marks 7th consecutive rise nearing RMB 3000/t; A00 aluminium ingot price shrinks by RMB160/t
According to the Shanghai Metals Market, the average alumina spot price has started the week on October 23 with a growth of RMB 5 per tonne to settle at RMB 2,998 per tonne. This marks the 7 th consecutive rise of China’s alumina spot price. In Guizhou, the alumina spot price has grown...
China's EV and RE sector boom rescues aluminium demand amid property market crisis
Despite the enduring crisis in the building and construction sector, the robust demand from China's electric vehicles (EV) and renewable energy (RE) sectors has contributed to an upswing in the demand for aluminium, as reported by ING Think. Chinese aluminium prices have shown more resilience than...
ALLOW INERTA™ aluminium from Rusal tested in China first
The Shanghai Stock Exchange-listed Chinese company, Mingtai Aluminium, is testing ALLOW INERTIA™, the primary aluminium with the lowest carbon footprint in the world. Mingtai Aluminum became the first company in China to test ALLOW INERTA™ aluminium at its plant, produced using the revolutionary...
China’s aluminium billet inventories reflect a W-o-W drop of 5,600 tonnes on Oct. 19
According to the Shanghai Metals Market, China’s social inventories of aluminium billet stands at 107,200 tonnes as of Thursday, October 19, reflecting a week-on-week fall of 5,600 tonnes from 112,800 tonnes. From Monday, October 16, inventories fell by 3,000 tonnes from 110,200 tonnes. The fall in...
New alumina projects and expansions in 2023 to reshape the global aluminium landscape
Aluminium oxide, popularly known as alumina, is a direct resource of primary aluminium production. With the passage of time, as aluminium demand is rising, a timely need for alumina is being increasingly felt. The potentiality of the alumina market is mammoth, with an estimated growth rate of CAGR...
Shenyang Aluminium Institute completes the industrial communication crown block project
Shenyang Aluminum and Magnesium Institute Technology Company (SAMTC) recently completed the wireless communication project for the multifunctional crown block at Shaanxi Nonferrous Yulin Electrolytic Aluminium Factory. The project utilized a new generation of industrial communication technology,...
Zhite Technology begins construction of its RMB 700 million aluminium mold production line
The commencement ceremony for Zhite Technology’s aluminium mold new material production line for 2023 was carried out on September 14 at the Xianning High-tech Zone. Huang Zuocai, a member of the Xianning High-tech Zone Party Working Committee and deputy director of the management committee,...
OECD's new research on climate impact of subsidies across aluminium supply chain earns praise
The aluminium associations of the United States, Europe, Canada, and Japan applaud the Organisation for Economic Cooperation and Development's (OECD) new research, 'The climate implications of government support in aluminium smelting and steelmaking'. The research investigates existing government...
September’s China primary aluminium production surges amid strong demand and low inventories
In September, China produced 5.3 per cent more primary aluminium compared to the previous year, according to the National Bureau of Statistics (NBS). This increase is due to strong demand and low aluminium inventories. China, the world's largest aluminium producer, produced 3.58 million tonnes of...
China’s domestic aluminium smelters experience narrow profitability due to cost hike
Last week till October 12, Shanghai Metals Market observed a rise in domestic aluminium spot cost backed by a strong performance of the alumina spot market. There was also a minor increase in power cost as captive power plants of mainstream aluminium smelters raised bid prices for coal purchases....
Chinalco’s Qinghai Branch delivers its first order of high-quality green aluminium to East & South China
The first batch of Haihu brand "Green Power High-quality 99.85 per cent Aluminium Ingot" of Qinghai Branch of China Aluminium Company (Chinalco) was off the production line in the foundry's second operation area on October 11th. The first order was for 5,000 tonnes, delivered 20 days later to East...
China’s alumina price ascends to RMB 2,985/t; A00 aluminium ingot price slips by RMB150/t
On Tuesday, October 17, the average alumina spot price in China added RMB 6 per tonne to clock at RMB 2,985 per tonne, followed by a growth of RMB 10 per tonne in Shandong, Henan and Shanxi to peg at RMB 2,950 per tonne, RMB 2,990 per tonne and RMB 3,005 per tonne. In Shanxi, the price has...
LME benchmark aluminium price narrows down by US$14.5/t in the week’s start; SHFE aluminium price sheds US$41/t
LME aluminium opened at US$2,193 per tonne on Monday, with its high and low at US$2,205 per tonne and US$2,179 per tonne, respectively, before closing at US$2,181 per tonne, a decrease of US$9 per tonne or 0.41 per cent. On October 16, the LME aluminium live price chart experienced falling price...
Nanshan Aluminium to spin-off Indonesian business, leading Nanshan International to emerge as a separate entity
Shandong Nanshan Aluminium Co. Ltd., a China-based company engaged in manufacturing and distributing aluminium products, will demerge its Indonesian business and enlist it to the Hong Kong stock exchange to ensure fetching finances for its future development. The news came on October 13 when...
Chinalco promotes “Five Standards and One Control” management model for electrolytic aluminium enterprises
According to a recent report, Chinalco conducted a promotion meeting of the “Five Standards and One Control” management model in its Liancheng Branch. The company summed up the management model in electrolytic aluminium business units, based on the current situation of the industry. After an...
ASI enlists Jiangsu Kuna Industry as the new Production and Transformation member
Aluminium Stewardship Initiative (ASI) announced the joining of Jiangsu Kuna Industry as a new Production and Transformation member. Aluminium Stewardship Initiative (ASI) announced the joining of Jiangsu Kuna Industry as a new Production and Transformation member. Situated in Xiangshui County...
