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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India lodges anti-dumping probe against cheap aluminium solar frame imports from China
The Ministry of Commerce and Industry in India has expressed plans to initiate a new investigation concerning the import of aluminium frames for solar modules. This development comes after the conclusion of an investigation into solar cells from China, Thailand, and Vietnam in December 2022....
LME aluminium price moves up by US$10.5/t to US$2,103.5/t; SHFE price drops to US$2,511/t
LME aluminium opened at US$2,139 per tonne on Thursday, with its low and high at US$2,127 per tonne and US$2,153 per tonne, respectively, before closing at US$2,130 per tonne, a drop of US$7 per tonne or 0.33 per cent. On Thursday, July 6, both LME aluminium cash bid price and LME aluminium...
China’s A00 aluminium price marks four days of steep fall losing RMB70/t today; Alumina price sheds RMB2/t
The Shanghai Metal Market, today, on July 7, has recorded an RMB 70 per tonne slump in China’s aluminium spot price, with it officially resting at RMB 18,210 per tonne, with average prices hovering between RMB 18,190 per tonne and RMB 18,230 per tonne. The highest bid price recorded this year was...
Chinese automakers poised to dominate the domestic market, fuelling surge in aluminium demand
The increasing prevalence of electric vehicles has propelled Chinese automakers to surpass the 50 per cent mark in terms of cars sold in their domestic market this year. This surge in market share signifies their growing influence. On July 5, 2023, AlixPartners, a renowned global consulting firm,...
Chinese and Australian Researchers join to create world’s first non-toxic aluminium-ion battery
A team of researchers from Flinders University in South Australia and Zhejiang Sci-Tech University in China has made a breakthrough in producing the world's first safe and efficient non-toxic aluminium radical battery. Although batteries have become essential in our daily lives, traditional...
Sino-Ord Parque Industrial and OT International join forces to construct aluminium facility in Angola's Bengo province
According to an official statement from the Bengo government, Sino Ord Parque Industrial, an Angolan company, and China's O.T. International have recently entered into a signed agreement. This significant collaboration paves the way for a substantial investment of USD$200 million, which will be...
China’s A00 aluminium ingot price drops by RMB40/t to RMB18,280/t; Australian alumina FOB price falls to US$328/t
On Thursday, July 6, A00 aluminium ingot price in China has dropped by RMB 40 per tonne to close at RMB 18,280 per tonne. The average prices are expected to range between RMB 18,260 per tonne and RMB 18,300 per tonne, and the spot prices may be traded at a discount price of RMB 20 per tonne to a...
LME benchmark aluminium price loses US$9.5/t and SHFE aluminium price too drops US$10/t
On Wednesday, July 5, the LME aluminium cash bid price dropped down by US$9.50 per tonne or 0.45 per cent to rest at US$2,092.50 per tonne, while the LME official settlement price locked at US$2,093 per tonne, with a similar loss. The 3-month bid price and the 3-month offer price plunged by US$9.50...
China may impose export ban on gallium and germanium products
On July 3, 2023, China announced its intention to implement export restrictions starting from August 1 on specific gallium and germanium products. These metals are commonly utilized in computer chips and various other goods, and the aim behind these measures is to safeguard national security...
Drastic A00 aluminium ingot price fall on July 5 brings it W-o-W lower by RMB250/t: SMM
A00 aluminium ingot price in China has plummeted by RMB 220 per tonne to settle at RMB 18,320 per tonne on Wednesday, July 5, found the Shanghai Metals Market. The drastic fall has lowered the price week-on-week by RMB 250 per tonne and month-on-month by RMB 90 per tonne. Today, the average prices...
Yunnan aluminium smelters can resume 2.35 MT of capacity on hydropower recovery, expect analysts
Aluminium smelters in Yunnan province, China, have begun increasing production as restrictions on power usage have been eased following a recovery in hydropower output, said an analyst to Reuters. According to Li Lin, aluminium director at Chinese consultancy Aize, about 2.35 million tonnes of...
Aluminium China 2023: Welcoming all for an exciting industry event!
Aluminium China is a prominent event that unites value chain resources from the aluminium industry and diverse applications both locally and globally. Renowned as a leading international exhibition for the aluminium sector, it eagerly presents the newest advancements, technologies, and trends...
China’s A00 aluminium ingot price drops by RMB10/t due to decreased production for heavy rainfall
On Tuesday, June 4, A00 aluminium ingot price in China has dropped by RMB 10 per tonne to halt at RMB 18,540 per tonne, as heavy rainfall in the Yunnan region has resulted in a drop in production. The spot contract price is expected to be traded at a premium price of RMB 150 and RMB 190 per tonne....
Dinsheng to acquire Italy's Slim Aluminium for US$61.2 million in a bid to expand the rolling capacity in Europe
Dinsheng New Materials, China's largest aluminium foil, sheet and coil manufacturer with approximately 500,000 tonnes of capacity, is reportedly acquiring Italy's Slim Aluminium by spending EUR 56.3 million (US$61.2 million). The acquisition will include Slim's production plant in Italy as well as...
China’s SMM aluminium price marks RMB10/t hike and average alumina spot price collects RMB2/t
According to the Shanghai Metal Market, the aluminium spot price in China has spiked by RMB10 per tonne to RMB 18,550 per tonne, with average prices hovering between RMB 18,530 per tonne and RMB 18,570 per tonne, today, July 3. The aluminium spot price has returned to the price range it started the...
Technological advancements key to China's aluminium sector's path to net-zero emissions
The world's second-largest economy, China dominates the global primary aluminium production, holding a staggering 57-58 per cent share of the market. However, China's aluminium industry significantly impacts its carbon footprint, contributing approximately 5 per cent to its total emissions....
LME aluminium spot price dips US$124.50/t M-o-M, down 1.68% from June 28; SHFE aluminium price sheds US$4/t
On June 29, Thursday, the LME aluminium cash bid price and the LME aluminium official settlement price anchored at US$2,105 per tonne and US$2,105.50 per tonne, experiencing a uniform drop of US$36 per tonne or 1.68 per cent. One month ago, on May 30, the LME aluminium spot price was US$2,230 per...
China’s A00 aluminium ingot price closes the week with a drop of RMB10/t; Alumina price inches up by RMB1/t
On Friday, June 30, China’s A00 aluminium ingot price closed the week with a fall of RMB 10 per tonne to close at RMB 18,540 per tonne, with the spot contract price expected to be traded at a premium price of RMB 250 per tonne to RMB 290 per tonne. The average prices are expected to orbit between...
