ADC12 consolidates on a strong note as costs rise and orders see marginal improvement
Aluminium scrap: This week, China's aluminium scrap market price centre edged up alongside primary aluminium. As of September 10, SMM A00 aluminium prices closed at RMB 24,560 per tonne, up RMB 210 per tonne from RMB 24,350 per tonne last Thursday. Domestic aluminium scrap prices followed with...
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...
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China’s aluminium semis exports tapered down in August due to weak aluminium foils and strips shipments
China’s aluminium semis exports in August 2023 recorded a drop of 9 per cent month-on-month to reach 439,500 tonnes, according to China customs data. On a year-on-year basis, the exports dwindled by 14.6 per cent. The declining trend also reflected in China’s total aluminium semis exports in the...
World primary aluminium production grows 1.6% Y-o-Y to 6.04 Mt, with China accounting for 60%
World primary aluminium production in August 2023 witnessed a marginal rise of 0.23 per cent month-on-month to reach 6.044 million tonnes, found the International Aluminium Institute survey. In July 2023, the output was recorded at 6.03 million tonnes, up by 5 per cent from 5.743 million tonnes in...
Chinese EV maker Rox Motor receives funding from domestic aluminium manufacturer Shandong Weiqiao Group
On September 22, Rox Motor Tech, a Chinese electric vehicle company, announced the successful completion of a fundraising round amounting to $1 billion. Shandong Weiqiao Pioneering Group, a domestic aluminium manufacturer, secured the investment for this round. Rox, established in the early months...
EU Carbon Mechanism spurs steel import costs, shifts focus to alternative metals like aluminium
The EU's Carbon Border Adjustment Mechanism (CBAM) is poised to significantly increase the costs of steel imports from countries such as India and China. Set to be introduced next month, this carbon scheme is expected to shift its attention to other metals, including aluminium. Starting in 2026,...
China’s electrolytic aluminium industry records capacity expansion of 47.2490Mt in Aug’23
According to the statistics provided by Baichuan Yingfu, in August 2023, the electrolytic aluminium industry witnessed a capacity expansion of 47.2490 million tonnes, with a construction capacity of 42.799 million tonnes. The operating rate during this period was recorded at 90.58 per cent. China's...
China’s A00 aluminium ingot price marks new week with a drop of RMB10/t, but remains W-o-W higher by 2%
According to the Shanghai Metals Market survey, A00 aluminium ingot price has opened this week on Monday, September 25, with a marginal drop of RMB 10 per tonne to stand at RMB 19,730 per tonne. The average prices are estimated to range between RMB 19,710 per tonne and RMB 19,750 per tonne, with a...
Primary weekly: EU considers implementing complementary tariffs on Chinese exports including aluminium
The primary aluminium sector has seen incredible activities this week, with the EU considering imposing surcharges on some imported products, which has caused concern from China. The EU's Carbon Border Adjustment Mechanism aims to protect European firms against cheap imports that do not follow...
Downstream weekly: Lizhong Group accelerates success, bags second major aluminium alloy wheels supply contract in record time
This week, the downstream aluminium sector has witnessed exciting movements, with Guangdong Fenglu Aluminium Co., Ltd. making progress on their aluminium and metal processing project in Xinxing County. All seven bidding sections of the first phase have achieved their construction milestones, and...
Guangdong Fenglu Aluminium's project advances toward high-quality development
In Guangdong's Xinxing County, the construction of the aluminium products and metal processing project by Guangdong Fenglu Aluminium Co., Ltd. has made significant progress, according to recent reports. The project commenced at the end of 2022 and has been advancing smoothly since then. All seven...
Xusheng Environmental Technology's aluminium dross recycling project flags-off with an investment of RMB 506 million
A groundbreaking ceremony for Jiangsu Xusheng Environmental Technology Co., Ltd.'s annual disposal of 100,000 tonnes of aluminium dross recycling project was held on the morning of September 16. Jiangsu Xusheng Environmental Technology Co., Ltd. plans to invest a total of RMB 506 million in...
LME benchmark aluminium price discards US$35.5/t; SHFE aluminium price sheds US$6/t
LME aluminium opened at US$2,248 per tonne on Thursday, then reached its high at US$2248.5 per tonne and finally closed at US$2,222 per tonne, a decrease of US$32 per tonne or 1.42 per cent. On September 21, the LME aluminium live price chart experienced decreasing aluminium rates, with the LME...
China’s A00 aluminium ingot price hikes to RMB 19,740/t; Alumina price grows by RMB34/t W-o-W
On Friday, September 22, A00 aluminium ingot price in China gained RMB 90 per tonne to close at RMB 19,740 per tonne, with the average prices between RMB 19,720 per tonne and RMB 19,760 per tonne. The spot contract price is expected to be traded at a premium price of RMB 210 per tonne to RMB 250...
Pingguo City signs three projects worth RMB500 million to expand its aluminium industry chain
The 20th China-Asean Expo and China-Asean Business and Investment Summit took place in Nanning on September 17. During the Investment Baise investment conference, a seminar and project signing ceremony on the emerging trends in new energy and materials was organised. As a result, Pingguo City...
China’s A00 aluminium ingot price expands by 4.17% Q-o-Q; China’s alumina price gains RMB4/t
On September 21, the Shanghai Metals Market witnessed mixed trends in aluminium prices all over China, with the SMM A00 aluminium ingot price augmenting by RMB 160 per tonne to officially close at RMB 19,650 per tonne. The average prices have ranged between RMB 19,630 per tonne and RMB 19,670 per...
CITIC Dicastal joins ASI as the new Production and Transformation member
Aluminium Stewardship Initiative (ASI) announced the joining of CITIC Dicastal CO., LTD (hence referred to as CITIC Dicastal) as the new Production and Transformation member. Dicastal Wheel Manufacturing Co., Ltd is the predecessor of CITIC DICASTAL CO., LTD (hence referred to as CITIC Dicastal)...
EU contemplates imposing supplementary tariffs on key Chinese exports, including aluminium
The European Union (EU) is considering levying surcharges on some imported products such as steel and cement. However, the People's Republic of China, a significant trading partner, has expressed concerns and wants the EU to double-check with World trading Organisation (WTO) global trade norms....
Inner Mongolia witnessed the production of 4.792 million tonnes of non-ferrous metals
During the Inner Mongolia non-ferrous metal energy saving and carbon reduction technology exchange meeting on September 16, Zhang Guangsheng, the deputy director of the Industry and Information Department of the autonomous region, shared that the region's non-ferrous metal output had increased by...
SMM A00 aluminium ingot price gains RMB60/t W-o-W; Low carbon aluminium price falls by RMB15/t
On Wednesday, September 20, China’s A00 aluminium ingot price has dropped by RMB 20 per tonne to close at RMB 19,490 per tonne. According to the Shanghai Metal Exchange (SMM) data, the domestic aluminium ingot price had a growth of RMB 60 per tonne W-o-W from RMB 19,430 per tonne on September 13....
