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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Aluminium alloy (A356) price declines by RMB100/t after two consecutive days of rise; Primary aluminium price reduces to RMB18660/t
According to the Shanghai Metals Market, aluminium alloy (A356) price in China has recorded a decrease of RMB 100 per tonne on Thursday, June 24, after the past two consecutive days of hike from RMB 18,950 per tonne to RMB 19,350 per tonne. The decline today has brought the aluminium alloy price to...
China to auction 50,000 tonnes of aluminium from state reserves in the first batch of bidding on July 5-6
On Tuesday, June 22, China’s state reserves administration said it would publicly auction 100,000 tonnes of non-ferrous metals early next month. In three separate notices, the National Food and Strategic Reserves Administration said that it would auction 20,000 tonnes of copper, 30,000 tonnes of...
China’s A00 aluminium ingot price extends growth to RMB18770/t; Aluminium alloy(A356) price closes US$200/t higher
A00 aluminium ingot price in China has extended its growth by RMB 260 per tonne to come in at RMB 18,770 per tonne on Wednesday, June 23, found the Shanghai Metals Market. On Tuesday, June 22, the price stood at RMB 18,510 per tonne, reflecting an increase of RMB 130 per tonne. The average prices...
UK: TRA begins journey with the investigation of Chinese aluminium extrusions anti-dumping case
The UK body that investigates whether new trade remedy measures are needed to counter unfair import practices and unforeseen surges of imports, Trade Remedies Authority has begun its first investigation in response to an application from a UK industry. On 21st June the case was initiated. Trade...
World primary aluminium production rebounds from the loss to 5.744 million tonnes in May 2021: IAI
According to the International Aluminium Institute data, world primary aluminium production in May 2021 rebounded at 5.744 million tonnes, reflecting an increase of 3.63 per cent from 5.543 million tonnes in April. On a year-on-year calculation, world primary aluminium production in May edged 5.78...
A00 aluminium ingot price in China sheds RMB170/t; Aluminium alloy(A356) price stands below RMB19000/t
Monday, June 21, marks the fourth consecutive day for the decline in A00 aluminium ingot price in China since the country announced to release about 900,000 tonnes of the metal from state reserves. According to the Shanghai Metals Market, the price has decreased by RMB 170 per tonne to come in at...
Primary Aluminium Weekly Recap: China to release 800,000-900,000 tonnes of primary aluminium from its state reserves; Mytilineos Holdings, LME price ended the week lower at US$ 2,374/t
Primary aluminium sector saw China’s announcement of releasing 800,000-900,000 tonnes of primary aluminium from its state reserves. LME price ended the week even lower, while SMM aluminium ingot price performed downward. Let's recapitulate some of the top aluminium news from primary aluminium...
Weekly update: Aluminium ingot price in China performed lower this week; Alumina price remained unchanged
SMM aluminium ingot price increased by RMB 140 per tonne on Tuesday, June 15 to stand at RMB 18970 per tonne. The price then declined to stand at RMB 18840 per tonne and RMB 18650 per tonne on June 16 and June 17, a drop of RMB 130 per tonne and RMB 190 per tonne. Aluminium price further reduced by...
Chinese carbon emission peak by 2030 needs renewable energy adaption for aluminium industry: CRU
According to a team of analysts at London-based business intelligence company CRU, China will need to shift to renewable energy for achieving carbon neutrality, particularly for the aluminium industry, where renewable power is expected to rise from the current 16 per cent to 27 per cent by 2030....
Zimbabwe’s import of aluminium structures during 2019-20 manifests slump; 22% further drop estimated for 2021
On 10th June 2021, the World Bank Zimbabwe Economic Update revealed that Gross Domestic Product (GDP) growth is projected to reach 3.9% in 2021, a significant development after a two-year recession. In 2021, the economic growth will be led by the recovery of agriculture as rains normalize,...
Guinea to expand bauxite production and export to China on commissioning of SMB railway project
Guinea, known for having the world’s largest bauxite reserves, is set to expand production after the Societe Miniere de Boke’s (SMB) railway project is complete linking Santou II and Houda blocks to the Port of Dapilon. The railway project has been inaugurated on Wednesday, June 16, whereby...
China’s aluminium price drops to RMB 18550/t; Aluminium alloy (A356) price inches down by RMB 200/t
SMM aluminium ingot continued to decline to RMB 18550 per tonne on Friday, 18 June 2021, from RMB 18650 per tonne on June 17. That was down RMB 100 per tonne. The price is expected to move within a range of RMB 18530-18570 per tonne today. In Foshan and Wuxi, the price declined by RMB 130 per tonne...
Aluminium billet inventories in China build-up 14% this week to 100,700 tonnes: SMM
According to the Shanghai Metals Market, aluminium billet inventories in China have built-up 12,400 tonnes or 14 per cent from a week ago to come in at 100,700 tonnes as of Thursday, June 17. With aluminium prices still fluctuating at a high level, there has been a seasonal weakening of...
China’s primary aluminium inventories decline to 890,000 tonnes on June 17
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped this week. The stocks declined by 29,000 tonnes from the week before to 890,000 tonnes as of Thursday, 17 June 2021. The chart below shows the...
A00 aluminium ingot price in China declines by RMB190/t on the news of primary aluminium release from state reserves
A00 aluminium ingot price in China has decreased by RMB 190 per tonne as the news released that country would release primary aluminium from state reserves to ease the metal price rally. According to the Shanghai Metals Market, China’s primary aluminium ingot price has come in at RMB 18,650 per...
China’s secondary aluminium production will reach 20 million tonnes by 2030, expects Rusal
Rusal 0486.HK expects China’s secondary aluminium production to almost triple by the end of 2030 if all announced recycling projects come into operation. Russian aluminium giant Rusal, the largest aluminium producer outside China, established an office in Shanghai last year, attempting to sell more...
China’s primary aluminium output declines nearly 1% in May 2021 due to power restrictions in Yunnan
China’s primary aluminium production fell month-on-month in May 2021 as restrictions on power consumption in the smelting hub of Yunnan forced production cuts, showed the National Bureau of Statistics on Wednesday, June 16. The world’s top producer of the metal produced 3.2 million tonnes in May,...
China’s aluminium price declines to RMB 18840/t; Aluminium alloy (ADC12) price falls by RMB 50/t
SMM aluminium ingot price marked a decline after registering a hike for the fourth days in a row. The price dropped by RMB 130 per tonne to stand at RMB 18840 per tonne on Wednesday, 16 June 2021, from RMB 18970 per tonne on June 15. The price is expected to move within a range of RMB 18820-18860...
