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’s aluminium price plunges by RMB 410/t; Aluminium alloy (ADC12) price falls to RMB 18700/t
SMM aluminium ingot price plunged by RMB 410 per tonne on Friday, 4 June 2021. The price stood at RMB 18260 per tonne, from RMB 18670 per tonne on June 3. The price is expected to move within a range of RMB 18240-18280 per tonne today. In Foshan and Wuxi, the price dropped by RMB 370 per tonne and...
Primary aluminium production in China estimated to grow until 2024: Antaike
State-backed research house Antaike said on Thursday, June 3, that primary aluminium production in China is expected to increase until 2024, after which secondary or recycled metal will claim a bigger share of consumption. China is by far the world’s biggest aluminium producer. In 2020, the country...
China’s primary aluminium inventories continue to decline to 954,000 tonnes on June 3
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline this week. The stocks dropped by 8,000 tonnes from the week before to 954,000 tonnes as of Thursday, 03 June 2021. The chart below...
China’s aluminium billet inventories grow 1.2% as downstream sector resists stocks on weaker aluminium prices
Aluminium billet inventories in China have inched up by 1,100 tonnes or 1.2 per cent week-on-week across the five major consumption areas, following the three consecutive weeks of decline. The inventories are thus standing at 89,400 tonnes as of June 3, according to the Shanghai Metals Market. The...
Alumina spot price in China further gains RMB4/t to settle at RMB2476/t; A00 aluminium ingot price drops by RMB10/t
The average alumina spot price in China has extended its growth by RMB 4 per tonne to come in at RMB 2,476 per tonne on Thursday, June 3, found the Shanghai Metals Market. In Guizhou and Guangxi, alumina price has increased by RMB 15 per tonne to peg at RMB 2,430 per tonne, while the price in Henan...
Unit of Chaina Haida collaborates with KUB to supply and install aluminium cladding for projects in Southeast Asia
A unit of China Haida, CHD Engineering and Trading, has teamed with K-United Builder (KUB) to supply and install aluminium products for projects in Singapore and Malaysia. The first project is for a commercial building in Johor, Malaysia, worth S$1.68 million, that requires aluminium cladding and...
Novelis Signs MoU with TSARI to promote low-carbon aluminium sheets in Chinese automotive market
Novelis’ Shanghai Customer Solution Center (CSC) has signed a non-binding memorandum of understanding (MOU) with Tsinghua University Suzhou Automotive Research Institute (TSARI) to to drive research and development of aluminium products and solutions to promote a low carbon, sustainable future....
China’s alumina price registers a hike of RMB 7/t; Aluminium price stands lower at RMB 18680/t
The alumina price in China has increased to stand at RMB 2472 per tonne on Wednesday, 02 June 2021, after remaining flat on Tuesday. The price records a growth of RMB 7 per tonne, as updated by Shanghai Metals Market. Alumina price in Shandong has risen by RMB 10 per tonne to stand at RMB 2470 per...
Operating rates of China’s major aluminium processors dip 0.6 percentage point last week: SMM
Decline in operating rates of primary and secondary aluminium alloy enterprises last week pulled down the operating rates of major aluminium processors by 0.6 percentage point, found the Shanghai Metals Market. Some construction extrusion companies were affected by electricity curtailment, while...
Azerbaijan’s import of aluminium cans during 2018-20 unfolds a robust growth
The economy of Azerbaijan is heavily supported by the exportation of oil and natural gas, which accounts for around 95% of revenue generation. The country also exports a few other itineraries and beverages is counted among them, while the domestic rise in the beverage market and the export is...
China’s alumina price stands higher by RMB 3/t; Aluminium alloy (ADC12) price drops to RMB 19200/t
The alumina price in China has increased by RMB 3 per tonne on Monday, 31 May 2021, after remaining flat on Friday. The price is currently hovering at RMB 2465 per tonne, as updated by Shanghai Metals Market. Alumina price in Shandong has climbed by RMB 10 per tonne to stand at RMB 2460 per tonne....
Recycled aluminium weekly recap: China's secondary aluminium operating rates down 0.25% in April; Nissan invests £52 million into scrap extraction
Right from a dip in secondary aluminium operating rates in China to Nissan’s £52 million investment into Sunderland facility for enabling the use of recycled and lightweight aluminium for the all-new Qashqai SUV, this week reported a plethora of events in the aluminium recycling industry. Let us...
Primary Aluminium Weekly Recap: A00 aluminium ingot price in China surged by RMB480/t; Hindalco and Vedanta raised ingot prices
Primary aluminium market has witnessed a rise in LME aluminium benchmark price this week during May 24-28. The Chinese domestic aluminium ingot price has also seen a surge of RMB 480 per tonne through the week. Besides, the market has encountered hikes in Vedanta’s and Hindalco’s aluminium ingot...
A00 aluminium ingot price soars by RMB450/t to close at RMB18820/t; Aluminium alloy (A356) price mounts to RMB19550/t
A00 aluminium ingot price in China has surged by RMB 450 per tonne to come in at RMB 18,820 per tonne on Friday, May 28, found the Shanghai Metals Market. The average prices are expected to range between RMB 18,800 per tonne and RMB 18,840 per tonne, with spot contract to be traded at a premium...
China’s aluminium billet inventories inches down by 200 tonnes on May 27
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 200 tonnes from previous week to stand at 88,300 tonnes as of Thursday, 27 May 2021. Aluminium billet Shipments out of warehouses reduced by 13,700 tonnes on the week to...
Hydro signs NOK 200 million contract with Innovation Group for casthouse technology
Hydro has signed a NOK 200 million contract for the supply of new state-of-the-art casting lines. In total, four new casting lines will be supplied to the customer. Hycast, a fully owned subsidiary of Hydro, and Innovation Group, the leading manufacturer of extrusion ingots in China, have inked an...
Primary aluminium inventories in China shed 58,000 tonnes to stand below 1 million tonnes: SMM
Primary aluminium inventories have continued to decline to stand below 1 million tonnes. According to the Shanghai Metals Market, social inventories of primary aluminium have decreased by 58,000 tonnes or 5.69 per cent across eight major consumption areas in China, including SHFE warrants, to come...
World alumina production declines 2.6% M-o-M but increases 6.9% on year to stand at 11.598 MT: IAI
In April 2021, world alumina production stood at 11.598 million tonnes, reflecting a month-on-month downfall of 2.63 per cent, found the International Aluminium Institute's data. In March, the output amounted to 11.911 million tonnes, climbing 2.59 per cent from 10.610 million tonnes in February...
