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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Production cut at refineries in Guangxi lifts China’s alumina spot price to RMB3453/t; A00 aluminium ingot price nosedives by RMB650/t
The average alumina spot price in China has increased by RMB 85 per tonne on Wednesday, September 15, following a restraint on the previous day. According to the Shanghai Metals Market, the hike has brought the alumina price at RMB 3,453 per tonne, marking a week-on-week jump of RMB 292 per tonne....
Yunnan Province, China enforces output curbs on aluminium smelters
Yunnan located in Southwest China has reportedly asked the local smelters to reduce the production of aluminium by 30 percent for the rest of the year to help them in meeting their goals of reducing greenhouse emissions and energy use. Because of the abundant hydropower facility, Yunnan has turned...
Final decision yet to be taken on suspension of EU anti-dumping duties on Chinese aluminium flat rolled products imports: Source
According to the latest update, the European Commission has yet not taken a final decision whether it will suspend the imposition of definitive anti-dumping duties on aluminium flat rolled products imports from China or not. This news came after a European Union official told S&P Global Platts in...
China’s A00 aluminium ingot price plummets by RMB530/t after a week-long hike; Aluminium alloy(A356) price settles lower at RMB24000/t
After recording a continuous rise in last one week surpassing RMB 23,000 per tonne, A00 aluminium ingot price in China has plummeted by RMB 530 per tonne on Tuesday, September 14, to settle at RMB 22,890 per tonne, found the Shanghai Metals Market. The average prices are expected to range between...
LME aluminium benchmark price leaps to a new high of US$3000/t in 13 years; SHFE price settles at 2.45% lower
The LME aluminium benchmark price leaped to a new milestone of US$3,000 per tonne, first time ever since 2008. Aluminium raw materials supply disruptions in Guinea coupled with production restrictions in China pushed the LME aluminium price to a 13-year high. However, both the LME aluminium cash...
China’s primary aluminium production drops 1.5% M-o-M to 3.23 million tonnes; Output grows 1.25% Y-o-Y
According to the Shanghai Metals Market, China’s primary aluminium production in August 2021 dropped 1.52 per cent month-on-month to stand at 3.23 million tonnes. But on a year-on-year calculation, the output edged 1.25 per cent higher than 3.19 million tonnes. Aluminium liquid accounted for 66.7...
A00 aluminium ingot price in China soars by RMB770/t to stand the highest since 2008; Aluminium alloys(ADC12) price grows above RMB230000/t
Shanghai aluminium prices have reached the highest level on Monday since 2008, fuelled by supply concerns in China, the world’s biggest consumer of the metal. Output curbs in China, the world’s biggest aluminium producer, and political turmoil in Guinea, China’s top source of bauxite, have further...
Weekly Downstream Recap: ASI welcomes Qatalum as new Production & Transformation member; China’s aluminium billet inventories grow on muted purchase
The global downstream aluminium sector has reported some of the important news this week, which include Qatalum joins ASI as its 193rd Production and Transformation member, JW Aluminium’s rolled product facility receives GreenCircle Certification, The Ministry of Commerce, Govt. of India's...
India: DGTR recommends anti-dumping duty on certain ‘Flat-Rolled Products of Aluminium' from China
The Ministry of Commerce, Govt. of India's investigation arm DGTR has recommended the imposition of anti-dumping duty on certain aluminium products from China to safeguard domestic producers from cheap imports. The dumped imports of 'Certain Flat-Rolled Products of Aluminium' from China have...
Primary Aluminium Weekly Recap: China’s A00 aluminium ingot price sees a 13-year high; Rusal appoints former Chalco trader Deng Gang
This week, the global aluminium industry is shook by the military coup in Guinea on September 5, which has impacted the raw material supply to the metal industry. As a result, the primary aluminium production is facing a disruption, causing an incessant hike in prices. Both the global aluminium...
EU’s proposed suspension of anti-dumping duties keeps the option for unfair and high-carbon Chinese aluminium imports open, says Association
European Aluminium Association, the voice of the European aluminium value chain stood against the 9-month suspension of the anti-dumping duties on Chinese flat rolled products. According to the sector, the suspension of the anti-dumping duties on Chinese aluminium flat rolled products will create a...
Primary aluminium inventories in China increase 2,000 tonnes to peg at 751,000 tonnes on Sept. 9
According to the Shanghai Metals Market, China’s social inventories of primary aluminium grew 2,000 tonnes across eight major consumption areas on Thursday, September 9, following a downfall of 5,000 tonnes in the previous week. SMM data showed the inventories stood at 751,000 tonnes on September...
Alumina production in China edges 1.58% higher M-o-M to 6.39 million tonnes during August 2021
In August 2021, the alumina production in China came in at 6.39 million tonnes after increasing by 1.58 per cent month-on-month from 6.29 million tonnes, founded the Shanghai Metals Market. According to the SMM data, the output for August was 6.16 million tonnes of metallurgical grade alumina...
Daikin Industries plans to replace half of the copper units with aluminium
The escalation of copper price to a record level in 2021 is stirring buyers in a vitally segmented consumer market to consider economic substitutes, which reflects an early indication of an avenue that high prices forcefully can knock down demand. The air-conditioner industry’s consumption is at...
China’s A00 aluminium ingot price soars above RMB22,500/t after the detention of Guinea President; Aluminium alloys prices climb RMB400/t
China’s domestic primary aluminium price has continued to surge by RMB 420 per tonne to stand above RMB 22,500 per tonne after Alpha Conde, president of the Republic of Guinea, got detained by Special Forces in the capital, Conakry. Unrest within Guinea is putting further strain on the market as it...
China’s aluminium billet inventories gain 6,500 tonnes this week on muted downstream purchase
Aluminium billet inventories in China have recorded an increase of 6,500 tonnes across five major consumption areas to come in at 145,500 tonnes on Thursday, September 9, found the Shanghai Metals Market. Last week, on September 2, China’s aluminium billet inventories stood at 139,000 tonnes...
China’s A00 aluminium ingot price records a 13-year high at RMB22,230/t; Aluminium alloy(A356) price soars by RMB500/t
The tight supply of primary aluminium in the Chinese domestic market due to increased pressure on smelters to rationalise their power usage, added with political unrest in Guinea impacting the global raw material supply, has pushed the country’s A00 aluminium ingot price to a 13-year high....
Aluminium Stewardship Initiative welcomes Ningbo HuaYang Aluminium-Tech Co., as new Production and Transformation member
Ningbo HuaYang Aluminium-Tech Co. Limited has reportedly joined the Aluminium Stewardship Initiative as a Production and Transformation member, bringing the total count of ASI members to 194. Ningbo HuaYang Aluminium-Tech Co. Limited is located in the Fenghua Districy in Zhejian, China. The company...
