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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A00 aluminium ingot price in China exceeds RMB20,000/t; Alumina spot price inches up by RMB2/t
On Wednesday, August 11, A00 aluminium ingot price in China has jumped by RMB 210 per tonne to stand above RMB 20,000 per tonne, following the two consecutive days of decline. According to the Shanghai Metals Market data, the price has come in at RMB 20,080 per tonne as of August 11, with average...
China’s aluminium production grows 1.9% M-o-M and 5% Y-o-Y to 3.28 million tonnes in July 2021: SMM
In July 2021, China produced 3.28 million tonnes of aluminium, which stood 1.86 per cent higher month-on-month from 3.22 million tonnes and 5 per cent on year from 3.12 million tonnes. However, the average daily output edged lower on a month by 1 per cent to 106,000 tonnes in July. The output...
Guangxi Power Grid Corp imposes power consumption restrictions on aluminium producers; Likely to affect half a million tonnes of smelting capacity
On Saturday, August 7, Guangxi Power Grid Corp sent a notice directing aluminium smelters in Guangxi region to reduce average electricity loads by more than 30 per cent by August 15. This move comes as a part of the effort to cut electricity usage during peak times, said consultancies AZ China and...
China’s aluminium ingot price drops to RMB 19870/t; Aluminium alloy (A356) price falls by RMB50/t
SMM aluminium ingot price declined for the two days in a row. The price dropped by RMB 50 per tonne to RMB 19870 per tonne on Tuesday, August 10, from RMB 19890 per tonne on August 9. The price is expected to move within a range of RMB 19850-19890 per tonne today. In Foshan and Wuxi, the price...
Alumina production in China grows 2.78% M-o-M to 6.29 million tonnes during July 2021; Daily output dips 0.34% to 196,000 tonnes
In July 2021, China’s alumina production came in at 6.29 million tonnes after increasing by 2.78 per cent month-on-month from 6.12 million tonnes, found the Shanghai Metals Market. According to SMM data, the output in July included 6.08 million tonnes of metallurgical grade alumina compared to 5.91...
Alumina spot price in China grows for the second day in a row by RMB11/t; A00 aluminium ingot price declines to RMB19890/t
The average alumina spot price in China has opened the week on Monday, August 9, with an increase of RMB 11 per tonne to RMB 2,603 per tonne. This marks the second consecutive day of hike, following a rise of RMB 8 per tonne from RMB 2,584 per tonne to RMB 2,592 per tonne. In Shanxi and Shandong,...
Weekly update: Aluminium ingot price in China saw mixed performance; Alumina price ended higher this week
SMM aluminium ingot price performed lower, except Thursday and Friday. The week started with a decrease of RMB 30 per tonne to stand at RMB 19820 per tonne on Monday, 02 August. The price settled lower at RMB 19790 per tonne and RMB 19730 per tonne on Tuesday and Wednesday. But the week ended...
China’s alumina price continues to rise; Aluminium alloy (ADC12) price climbs to RMB 19300/t
The alumina price in China has registered a hike of RMB 8 per tonne after remaining flat yesterday. The price has climbed to RMB 2592 per tonne on Friday, 06 August 2021, from 2584 per tonne, as updated by Shanghai Metals Market. The prices of alumina in Henan and Shanxi have risen by RMB 10 per...
Primary aluminium inventories in China continue to fall 26,000 tonnes to stand at 732,000 tonnes this week
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have continued to fall on Thursday, August 5, albeit slower than the previous week. SMM found the inventories fell 26,000 tonnes week-on-week across China’s eight major consumption areas, including SHFE...
China’s aluminium billet inventories climbs by 4,200 tonnes on August 5
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China registered a hike of 4,200 tonnes from the previous week to stand at 103,200 tonnes on Thursday, 05 August 2021. The stocks are expected to increase next week. Aluminium billet outbound...
Angola’s import of aluminium household articles during 2018-20 remains inconstant; 17% growth expected for 2021
According to FocusEconomics, the economic conditions of Angola remained challenging in Q1 2021, with GDP contracting 3.4% Y-o-Y amid the persistent impact of the Covid-19 pandemic. GDP is projected to bounce back to growth this year: The global vaccine rollout and the subsequent easing of...
China’s A00 aluminium ingot price grows slightly by RMB10/t after three days of decline; Caustic soda price shrinks to RMB1005/t
After decreasing for the past three consecutive days from RMB 19,850 per tonne to RMB 19,730 per tonne, A00 aluminium ingot price in China has inched up by RMB 10 per tonne on Thursday, August 5. According to SMM data, the primary aluminium ingot price is standing at RMB 19,740 per tonne, with...
Alumina price in China grows to stand at RMB 2584/t; Aluminium price declines for the three days in a row
The alumina price in China has marked a growth of RMB 13 per tonne. The price has inched up to RMB 2584 per tonne on Wednesday, 04 August 2021, from 2571 per tonne, as updated by Shanghai Metals Market. The prices of alumina in Henan, Shanxi, Guizhou and Guangxi China markets have risen to stand at...
China’s A00 aluminium ingot price drops by RMB30/t for the second straight day; Prebaked anode price grows to RMB4565/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has further decreased by RMB 30 per tonne on Tuesday, August 3, to stand below RMB 19,800 per tonne. Data shows the price has come in at RMB 19,790 per tonne, with average prices likely to range between RMB 19,770 per tonne...
ASI welcomes China Hongqiao Group Company Limited as new Production & Transformation member
Aluminium Stewardship Initiative has announced the joining of China Hongqiao Group Company Limited as ASI’s 181 st new Production & Transformation member. China Hongqiao Group Company Limited, developed into the world’s largest aluminium producer in 2015, covers the entire aluminium industry value...
China’s alumina price edges higher by RMB 18/t; Prebaked anode price in East China market stands at RMB 4875/t
As updated by Shanghai Metals Market, the alumina price in China has registered a hike after remaining flat on Friday. The price has inched up by RMB 18 per tonne on Monday, 2 August, 2021 to stand at RMB 2571 per tonne, from 2553 per tonne. Alumina price in Shandong has risen by RMB 20 per tonne...
China's A00 aluminium ingot price closes this week at RMB19850/t; Aluminium alloy (A356) price surges by RMB350/t
A00 aluminium ingot price in China has extended its growth by RMB 350 per tonne to end the week on Friday, July 30, at RMB 19,850 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 19,830 per tonne and RMB 19,870 per tonne, with spot contract to be...
China’s aluminium billet inventories fall to 99,000 tonnes on July 29
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China dropped by 20,600 tonnes from the previous week to 99,000 tonnes on Thursday, July 29, 2021. China’s aluminium billet outbound volume rose 6,700 tonnes to 53,200 tonnes last week. The...
