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...
Grow with
AL Circle
Bauxite miner Metro Mining signs two binding spot cargo agreements with Shanxi Liulin Senze Aluminium Company
The Australian exploration and mining company Metro Mining (MMI) has signed two binding spot cargo agreements with Shanxi Liulin Senze Aluminium Company of China. The two cargo agreements are for around 60,000 wet metric tonnes (WMT) from Metro’s flagship project, the Bauxite Hills Mine, located in...
Azerbaijan’s import of aluminium foil during 2018-20 illustrates sharp growth to marginal dip
As per the World Economic Outlook report presented by the International Monetary Fund in April, it stated that Azerbaijan’s economy is forecasted to grow at 2.3% in 2021. Meanwhile, the national economy is expected to grow at 1.7% in 2022. The forecast for the current year is improved by 0.3%...
China’s aluminium processors report further decline in operating rates last week: Secondary alloy operating rates fall to 56%
Operating rates across major aluminium processors in China decreased slightly by 0.3 percentage point last week to stand at 73.1 per cent. Decline in orders, particularly in the real estate, transportation, and durable good sectors, with the arrival of traditional off-season contributed to this...
LME aluminium price closed Monday’s trading at US$ 2539.5/t; SHFE aluminium advanced 2.97%
Benchmark aluminium price on London Metal Exchange rose 0.79 per cent to US$ 2539.5 per tonne on Monday, July 5, from US$ 2519.5 per tonne on Friday. As of Monday, July 5, LME aluminium cash (bid) price stands at US$ 2539.50 per tonne, LME official settlement price stands at US$ 2539.50 per tonne;...
China’s A00 aluminium ingot price slows down its growth to RMB20/t; Aluminium alloys prices stand muted
On Tuesday, July 6, A00 aluminium ingot price in China has slowed down its growth to RMB 20 per tonne compared to the sharp rise of RMB 430 per tonne on the previous day. According to the Shanghai Metals Market, the price is standing at RMB 19,120 per tonne, with average prices expected to range...
A00 aluminium ingot price in China soars above RMB19000/t; Aluminium alloy (A356) price builds-up RMB500/t
According to the Shanghai Metals Market, A00 aluminium ingot price has opened the week on Monday with a surge of RMB 430 per tonne, following consecutive declines in the past four days. Data shows the price is standing at RMB 19,100 per tonne as of July 5. The average prices are expected to range...
China's primary aluminium inventories gain 2000 tonnes this week to stand at 876,000 tonnes: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium gained 2,000 tonnes this week across eight major consumption areas, including SHFE warrants. Thus, the inventories came in at 876,000 tonnes as of Thursday, July 1. Last week on June 24, the inventories stood at...
China’s aluminium billet inventories up by 1,400 tonnes on July 1
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased by 1,400 tonnes from previous week to stand at 111,200 tonnes as of Thursday, 1 July 2021. Aluminium billet outbound volume rose by 12,800 tonnes to 51,100 tonnes last week,...
China’s aluminium ingot price falls to RMB 18670/t; Aluminium alloy (A356) price inches down by RMB 100/t
SMM aluminium ingot continued to decline to RMB 18670 per tonne on Friday, 2 July 2021, from RMB 18730 per tonne, marking a drop of RMB 60 per tonne. The price is expected to move within a range of RMB 18650-18690 per tonne today. In Foshan and Wuxi, the price declined by RMB 30 per tonne and RMB...
Prebaked anode price in East China grows by RMB 112.5/t; Aluminium alloys (ADC12) price stands at RMB 18150 per/t
Prebaked anode price in East China market has climbed by RMB 112.5 per tonne on Thursday, July 01, after remaining restrained since June 1. The price stands at RMB 4825 per tonne. It is likely to range at RMB 4300-5350 per tonne. Central China’s prebaked anode prices has also risen by RMB 75 per...
China’s aluminium alloys prices shrink by RMB100/t on June 30; A00 aluminium ingot price drops to RMB18780/t
Aluminium alloys prices in China have recorded a plunge today, on June 30, found the Shanghai Metals Market. After remaining restrained for a week, aluminium alloys (ADC12) price and aluminium alloy (A380) price have decreased by RMB 100 per tonne to settle at RMB 18,200 per tonne and RMB 19,200...
World alumina production grows 3.9% M-o-M & 8.6% Y-o-Y to 12.166 million tonnes in May 2021
According to the International Aluminium Institute, world alumina production in May 2021 stood at 12.166 million tonnes. That was up by 3.86 per cent from 11.714 million tonnes in April 2021. However, the output in April was down by 1.82 per cent from 11.931 million tonnes in the previous month. On...
China’s A00 aluminium ingot price drops RMB10/t to RMB18820/t; Aluminium fluoride price builds-up RMB100/t
A00 aluminium ingot price in China has dropped by RMB 10 per tonne on Tuesday, June 29, after the two consecutive days of hike, found the Shanghai Metals Market. The price is thus standing at RMB 18,820 per tonne, with average prices expected to range between RMB 18,800 per tonne and RMB 18,840 per...
Peru’s import of aluminium stranded wire during 2019-20 signifies express growth; 3% growth estimated for 2021
The economic output of Peru indicated that it will grow 10% in 2021 and 4.8% in 2022, supported by a favourable external context. However, these forecasts are strongly conditioned to the maintenance of macroeconomic stability by the new government administration and largely reflect a rebound after...
China’s secondary aluminium operating rates fall 5.44 percentage points to 59.56% in May 2021
According to the Shanghai Metals Market, secondary aluminium producers operating rates decreased 5.44 percentage points month-on-month to stand at 59.56 per cent, as a result of weak operating rates at small and big secondary aluminium plants. On a year-on-year calculation, operating rates edged up...
China’s A00 aluminium ingot price rebounds to US$18770/t; Aluminium alloy(A356) price closes the week at US$19350/t
A00 aluminium ingot price in China has rebounded to US$ 18,770 per tonne on Friday, June 25, by gaining RMB 110 per tonne. On the previous day, June 24, the price decreased from US$ 18,770 per tonne to US$ 18,660 per tonne. The average prices are expected to range between 18,750 per tonne and RMB...
Aluminium billet inventories in China drop 3500 tonnes to stand at 97,300 tonnes on June 24
Aluminium billet inventories in China have dropped by 3,500 tonnes week-on-week across the five major consumption areas to come in at 97,300 tonnes on Thursday, June 24. Last week on June 17, aluminium billet inventories stood at 100,700 tonnes, registering a week-on-week increase of 12,400 tonnes....
Primary aluminium inventories in China fall 16,000 tonnes this week to 874,000 tonnes: SMM
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have continued to decline this week ending on Thursday, June 24. SMM data found the inventories fell 16,000 tonnes to come in at 874,000 tonnes compared to 890,000 tonnes last week on June 17. The chart below...
