Mercuria, Glencore explore Venalum aluminium smelter deal as Venezuela eyes production revival
Venezuela’s biggest aluminium smelter, Venalum, could be heading for a fresh start as Mercuria Energy Group Ltd. and Glencore Plc explore a potential deal that could bring new investment and operating expertise to the facility that has spent years producing only a fraction of its original capacity....
Macro rate hike expectations pressure aluminium prices, while China's continued destocking underpins the market
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 24,000 per tonne, down RMB 190 from yesterday's settlement price, a decline of 0.79 per cent. It opened at RMB 24,100.00 per tonne during the day and fluctuated within a range of RMB 23,920-24,100 per tonne. The price traded below...
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China plans to peak carbon emissions by 2030, more shortfalls anticipated: Industry analysts
The Chinese power intense metals manufacturing sector straps under the oppression of a national power catastrophe, while the govt. sustains a restriction on smelting to achieve emissions targets. Besides the retrench of magnesium production, the other most power-intensive metal aluminium...
China’s A00 aluminium ingot price jumps RMB860/t to stand above RMB20,000/t; Aluminium alloy(A356) price gains RMB800/t
A00 aluminium ingot price in China has jumped by RMB 860 per tonne to stand at RMB 20,200 per tonne on Friday, October 29, following incessant declines since October 22 from RMB 23,340 per tonne to RMB 19,340 per tonne, found the Shanghai Metals Market. The average prices are expected to range...
World alumina production edges 4.33% lower to 11.170 million tonnes in September 2021: IAI
According to the International Aluminium Institute, world alumina production in September 2021 stood at 11.170 million tonnes (including both metallurgical and chemical), which was down by 4.33 per cent from 11.675 million tonnes in August. In July, the output was 11.669 million tonnes, meaning...
China’s A00 aluminium ingot price continues to fall sharply by RMB1140/t; Aluminium alloy (A356) price comes below RMB23000/t
A00 aluminium ingot price in China has nosedived by RMB 1,140 per tonne to come below RMB 20,000 per tonne on October 28. According to the Shanghai Metals Market, the price is standing at RMB 19,340 per tonne, with average prices likely to range between RMB 19,320 per tonne and RMB 19,360 per...
Hydro investing NOK 390 million for a new automotive extrusion press at aluminium plant in Suzhou, China
According to a recent report, Hydro is opening a new automotive extrusion press at its aluminium manufacturing plant in Suzhou, China, by investing NOK 390 million. The new P60 12-inch press will expand the extrusion capacity at Suzhou, along with the expansion of the plant. The extrusion press...
A00 aluminium ingot price in China shrinks by RMB380/t; Aluminium alloy (A356) price comes below RMB24000/t
A00 aluminium ingot price in China has registered a decline yet again by RMB 380 per tonne to stand at RMB 20,480 per tonne on Wednesday, October 27, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,460 per tonne and RMB 20,500 per tonne, with spot contract...
Growing aluminium prices succoured Chalco to book the finest profit in 8 years
On 26 th October 2021, the Chinese company listed in Hong Kong and in New York bourse, Aluminum Corp of China Ltd stated that its quarterly net profits in July-September leapt more than five-fold Y-o-Y, swiping to highest since late 2013 on the shoulders of booming aluminium and alumina prices. The...
Aluminium scarce related to magnesium supply deficiency from China, says AMAG chief
The raw material required for the production of metal aluminium is experiencing a dearth, while the price of the green metal has towered to sevenfold in a short span and the consumers will get the heat sooner or later, as stated by Adolf Kerbl, the Managing Director of the Foundry Industry...
China’s A00 aluminium ingot price descends for the third day in a row to RMB 20,860/t; Aluminium alloy (A356) price slumps by RMB1000/t
A00 aluminium ingot price in China has continued to decline for the third day in a row by a significant amount of RMB 790 per tonne to stand at RMB 20,860 per tonne on October 26, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,840 per tonne and RMB 20,880...
Kam Kiu Aluminium Products Group secures ASI Performance Standard certification
The Aluminium Stewardship Initiative (ASI) announced today that Kam Kiu Aluminium Products Group Limited's extrusion plant in Taishan City, China, has been successfully accredited against the ASI Performance Standard for responsible aluminium production, sourcing, and stewardship. Re-melting,...
China shuts magnesium smelters due to energy crisis, a distress call to aluminium alloy supply
The global auto industry has been alerted for the shortfall of components driven by the Chinese energy crisis. The power distress is restricting the nation towards production curb across a wide range of industries, but especially the impact is huge on aluminium alloys supply. China controls 87% of...
Downstream Weekly Recap: Aluminium extruder China Zhongwang reports financial distress at Hong Kong bourse; US aluminium producers sent an alert on output curbs due to magnesium crisis
The global aluminium downstream segment remains in the spotlight this week with regard to multiple happenings. The world second-largest and Asia’s biggest producer of aluminium extrusions, China Zhongwang whose products are broadly consumed in multiple sectors like transport, construction and...
Aluminium billet inventories in China loses 3,200 tonnes this week to settle at 181,200 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China decreased by 3,200 tonnes week-on-week across five major consumption areas. As a result, the inventories closed at 181,200 tonnes on Thursday, October 21. Stock decline in Foshan and Nanchang resulted in the decrease in...
A00 aluminium ingot price in China nosedives by RMB1440/t to stand below RMB22000/t; Aluminium alloy (A356) price settles at RMB25750/t
After an intermittent rise of RMB 220 per tonne on October 21, A00 aluminium ingot price in China has again decreased sharply to close the week below RMB 22,000 per tonne. The Shanghai Metals Market data has found that the primary aluminium ingot price has plummeted by RMB 1,440 per tonne on...
Primary aluminium inventories in China witness a steep rise to 957,000 tonnes this week
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have sharply grown by 70,000 tonnes across eight major consumption areas, including SHFE warrants, to come in at 957,000 tonnes on Thursday, October 21. This drastic growth is caused by higher arrivals of...
World primary aluminium production continues to fall 3.2% M-o-M in September 2021; Output in Q3 totals 16.931 million tonnes
The world primary aluminium production continued to decrease in September 2021 by 3.20 per cent month-on-month to stand at 5.508 million tonnes, found the International Aluminium Institute. In August 2021, the output was 5.690 million tonnes, down by 0.75 per cent from 5.733 million tonnes in July....
China's energy crisis dents Press Metal’s margin, says Affin Hwang Capital
Affin Hwang Capital informed that China's energy crisis, which is projected to last until 2022, would result in some profit margin erosion in Press Metal Aluminium Holdings Bhd's earnings. According to Affin Hwang Capital, raw material supply, including alumina, carbon anode, magnesium, and silicon...
China’s average alumina spot price continues to rise by RMB14/t; Imported bauxite price grows by US$2/t after a year-long restraint
The average alumina spot price in China has continued to rise by RMB 14 per tonne to reach RMB 4,105 per tonne on Thursday, October 21, found the Shanghai Metals Market. Except in Guangxi, the alumina price in Henan and Shanxi has increased by RMB 15 per tonne to stand at RMB 4,135 per tonne. The...
