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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Alba’s Chairman discusses aluminium industry with Chinese Ambassador to Bahrain Mr. Ni Ruchi
According to a recent report, Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, welcomed Mr Ni Ruchi, the Ambassador of People’s Republic of China to the Kingdom of Bahrai, at Alba's premises on May 7, 2023. Alba’s Chief Executive...
China’s A00 aluminium ingot price augments by RMB110/t; Australian alumina FOB price loses RMB20.75/t
A00 aluminium ingot price has witnessed RMB 110 per tonne levitation in China, officially closing at RMB 18,470 per tonne, as the Shanghai Metals Market recorded on May 8, Monday. The average prices are expected to range between RMB 18,450 per tonne and RMB 18,490 per tonne, with spot contracts...
China’s aluminium ingot inventories fall 18,000 tonnes W-o-W, led by below-estimated stocking
China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrant, recorded a fall of 18,000 tonnes week-on-week to stand at 835,000 tonnes as of Thursday, May 4, found the Shanghai Metals Market data. On a year-on-year calculation, aluminium ingot...
Alba reports a 19% revenue fall for 1QCY2023, value added product sales register no growth
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has reportedly booked a profit of US$126.2 million (BD47.5 million) for the first quarter of 2023 ended March 31. The profit dwindled by 68 per cent year-on-year from US$390.4 million (BD146.8 million). The company’s...
China’s A00 aluminium ingot price records a fall of RMB150/t; Low carbon aluminium price drops to RMB19,037/t
On Friday, May 5, A00 aluminium ingot price in China slumped by RMB 150 per tonne to settle at RMB 18,360 per tonne, with the average prices standing between RMB 18,340 per tonne and RMB 18,380 per tonne. The spot contract price is expected to be traded at a discount price of RMB 10 per tonne to a...
Shandong Nanshan Aluminium to build a new electrolytic aluminium plant in Indonesia
Shandong Nanshan Aluminium, a China-based aluminium product manufacturer and distributor, is planning to build an electrolytic aluminium factory at its production base in the Galang Batang Special Economic Zone, Indonesia, with an investment of $878 million (RMB 6.07 billion). Electrolytic...
China’s A00 aluminium ingot price notes RMB30/t spike; Caustic soda price in Guangxi plunges RMB300/t
A00 aluminium ingot price has gained RMB 30 per tonne, officially closing at RMB 18,510 per tonne, as the Shanghai Metals Market recorded on May 4, Thursday. The average prices are expected to range between RMB 18,490 per tonne and RMB 18,530 per tonne, with spot contracts trading at discount...
Iran’s annual alumina output drops 2% driven by a fall in Q4; Chinese help to boost production
According to the latest report revealed by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Iran produced 225,942 tonnes of aluminium oxide, commonly known as alumina, in the past year 1401 (ended March 20, 2023). That reflected a drop of 2 per cent from the...
Key highlights from the global aluminium value chain, April 2023
Global non-ferrous metal prices, including aluminium, witnessed a downfall in April 2023. Despite the fall of aluminium inventories in LME warehouses and also China, prices still remained on the downtrend. The resumption of the Chinese economy during the latter part of the year 2022 anticipated...
Jiangsu Goka Light Alloy Co., Ltd. bags ASI Performance Standard Certification for aluminium extrusion
Aluminium Stewardship Initiative has reportedly acknowledged Jiangsu Goka Light Alloy Co., Ltd. with the Performance Standard V2 (2017) Certification for producing aluminium extrusion profiles at Xiangshui County Industrial Park, Yancheng City, Jiangsu Province, China. Established in 2020, Jiangsu...
World alumina production drops 1% Y-o-Y during 1Q2023 despite annual output growth in China
According to the International Aluminium Institute, the world alumina production stood at 11.417 million tonnes in March 2023, bringing the total output in the first quarter of the year to 33.175 million tonnes. Hence, the quarterly output ended March 31 decreased by 5.5 per cent quarter-on-quarter...
China’s aluminium billet inventories record a W-o-W decline of 10,600 tonnes
On Thursday, April 27, the domestic aluminium billet social inventory plunged by 10,600 tonnes W-o-W to stand at 142,000 tonnes . Foshan and Wuxi were the primary contributors to the drop in stock, while other locations saw little to no movement in their inventory. This week, the weekly average...
China’s primary aluminium inventories continue to fall W-o-W by 53,000 tonnes, majorly contributed by Wuxi
According to the Shanghai Metals Market survey, social inventories of primary aluminium ingot across eight major consumption areas, including SHFE warrants, stood at 853,000 tonnes on Thursday, April 27, experiencing a plunge of 53,000 tonnes week-on-week from 906,000 tonnes. Compared to Monday,...
LME benchmark aluminium price marks US$37.5/t slump; SHFE aluminium price increases by US$16/t
LME aluminium opened at US$2,332 per tonne on Thursday and closed at US$2,326 per tonne, down 0.21 per cent. Growing concerns around inflation in the West have simultaneously raised brows in the trade sector, with LME maintaining a below US$2,500 per tonne mark and the Chinese inventories on a...
China’s A00 aluminium ingot price closes the week with a decline of RMB90/t; Low carbon aluminium price slips by RMB79/t
On Friday, April 28, China’s A00 aluminium ingot price has slipped by RMB 90 per tonne to stand at RMB 18,480 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 per tonne and a premium price of RMB 10 per tonne. The average prices are expected to range...
Chinese automaker Geely's EV brand Zeekr turn to join the Gigapress club
The Chinese multinational automotive company Geely's EV brand Zeekr is the latest to use Tesla's "Gigapress" die-casting method to reduce the cost of electric cars. Jiang Kehong, the Chief of Zeekr's manufacturing technology, said, "Chinese carmaker had started using massive aluminium die casts to...
China's aluminium production rose by 3% y-o-y in March despite production cuts in Yunnan
The aluminium production in China for the rest of the months of 2023 might need to be clarified. Although, when compared to the same month last year, China's primary aluminium output escalated by 3 per cent in March. The growth was more sedated than in earlier months. However, this did provide some...
LME aluminium benchmark price hikes by US$26.5/t to US$2,339.50/t; SHFE price drops to US$2,686/t
LME aluminium opened at US$2,332 per tonne on Wednesday and closed at US$2,331 per tonne, down 0.04 per cent. On Wednesday, April 26, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$27 per tonne or 1.16 per cent and US$26.5 per tonne or 1.14 per cent to...
