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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Europlasma’s prototype furnace for aluminium waste treatment ready for test in China
The expert in pollution control solutions, Europlasma set forth the progress of its Chinese subsidiary's project aimed at recovering aluminium waste by using plasma technology. The Chinese subsidiary of pollution control expert Europlasma Environmental Technologies (EET) in collaboration with...
China’s unwrought aluminium and aluminium products imports grow record high at 281,139 tonnes in April 2021
In April 2021, China’s unwrought aluminium and aluminium products imports rose 36.1 per cent month-on-month and 165.2 per cent on-year to come in at 281,139 tonnes. In March, the imports stood at 206,556 tonnes. China, the world’s leading aluminium producer, brought in a record amount of aluminium...
China’s aluminium production up by 2.3% MoM and 12.4% YoY in April: NBS
According to the National Bureau of Statistics, China’s primary aluminium production stood at 3.35 million tonnes in April. The output was a record monthly high as the relaxation in production cuts in Inner Mongolia improved supply. Primary aluminium output stood higher by 2.3 percent from 3.276...
China’s aluminium ingot price grows by RMB 40/t; expected to range at RMB 19680-19720/t
SMM aluminium ingot price registers a hike after declining for the two days in a row. The price stands at RMB 19700 per tonne on Monday, 17 May 2021, indicating a growth of RMB 40 per tonne from Friday’s price of RMB 19660 per tonne. The price is expected to move within a range of RMB 19680-19720...
Weekly update: Aluminium ingot price in China ended the week lower; Alumina price performed higher
SMM aluminium ingot price started the week with an increase of RMB 340 per tonne on Monday, 10 May 2021 to RMB 20030 per tonne. The price on Wednesday increased to stand at RMB 19980 per tonne from Tuesday’s price of RMB 19820 per tonne. The aluminium price closed the week lower at RMB 19660 per...
A00 aluminium ingot price declines for the second consecutive day to RMB19660/t; Aluminium alloy(A356) price shrinks by RMB200/t
A00 aluminium ingot price in China has decreased for the second day in a row by RMB 160 per tonne to close the week on Friday, May 14, at RMB 19,660 per tonne, according to the Shanghai Metals Market. The average prices are expected to range between RMB 19,640 per tonne and RMB 19,680 per tonne,...
China’s primary aluminium inventories decline to stand at 1.06 million tonnes on May 13
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, reduced by 54,000 tonnes from the week before to 1.06 million tonnes as of Thursday, 13 May 2021. The chart below shows the status of the primary aluminium...
China’s aluminium billet inventories slump 33,900 tonnes this week; SMM expects the downtrend to continue
Aluminium billet inventories in China decreased this week, ending on May 13, following a slight rise last week. According to the Shanghai Metals Market data, 6063 aluminium billet stocks shrank by 33,900 tonnes across the five major Chinese consumption areas to come in at 105,200 tonnes. SMM...
Chongqing Shunbo Aluminum plans to build $868m production base in Anhui
Recycled aluminium products manufacturer Chongqing Shunbo Aluminum Co has decided to construct a 5.6 billion yuan ($868.45 million) production base in China’s eastern Anhui province, Reuters reported. In a filing to the Shenzhen Stock Exchange, Shunbo inked a deal with Bowang district in the city...
China’s alumina price up by RMB 10/t; Aluminium price stands at RMB 19820/t
As updated by Shanghai Metals Market, average spot alumina price in China has increased by RMB 10 per tonne on Thursday, 13 May 2021 after remaining flat on May 12. The price has come in at RMB 2398 per tonne today, from Tuesday’s price of 2388 per tonne. The prices of alumina in Henan, Shanxi,...
Aluminium Associations urge G7 Governments to take concrete measures to bring more free, fair and open trade
The aluminium associations of the United States of America, Europe, Canada and Japan call on G7 governments to deliver leadership in support of ambitious multilateral and plurilateral negotiations to regulate trade-distorting government support and state ownership in industrial sectors. However,...
China Hongqiao Group and Scholz Recycling JV to start a recycled aluminium producing plant in 2021
According to a recent report, the world’s top private-sector Chinese aluminium maker China Hongqiao Group will put a secondary aluminium plant into operation at its home province in Shandong at the end of 2021. The Group said it is a joint project with Germany’s Scholz Recycling. The facility will...
A00 aluminium ingot price in China gains RMB160/t to settle at RMB19980/t; Aluminium alloys prices build-up by RMB100/t
A00 aluminium ingot price in China has recorded an increase of RMB 160 per tonne to stand at RMB 19,980 per tonne on Wednesday, May 12, following a plunge last day from RMB 20,030 per tonne to RMB 19,820 per tonne, according to the Shanghai Metals Market. The average prices are expected to range...
Alumina price rises across major China markets; Aluminium alloy (ADC12) price stands lower at RMB 19400/t
As updated by Shanghai Metals Market, average spot alumina price in China has increased for the second day in a row. The price has inched up by RMB 12 per tonne on Tuesday, 11 May 2021 to come in at RMB 2388 per tonne, from 2376 per tonne on May 10. Alumina price in Shandong has risen by RMB 5 per...
China’s primary aluminium production climbs to 3.25 million tonnes in April
China’s primary aluminium production stood at 3.25 million tonnes in April (30 production days), up by 9.87% year on year, showed an SMM survey. In January-April, the output totalled 12.94 million tonnes, an increase of 8.6% from the same period last year. “Baikuang Debao and Tianlin continued to...
Dr Wang Yancheng joins SMM’s new London Office as Managing Director
Shanghai Metals Market has established a new overseas office in London in May 2021, the second overseas establishment after Singapore office on September 1, 2017. In order to provide international customers with more professional and high level services as a leading research institution and portal...
China metallurgical-grade alumina output up by 7.69% in January-April
Alumina production in China came in at 6.11 million tonnes in April, Shanghai Metals Market reported. The output included 5.9 million tonnes of metallurgical-grade alumina. The daily production stood at 196,800 tonnes, marking a growth of 0.45% on the month and 9.4% on the year. In the first four...
A00 aluminium ingot price in China soars above RMB20,000/t; Alumina price gains RMB25/t
A00 aluminium ingot price in China has continued to rise and exceeded RMB 20,000 per tonne level on Monday, May 10. According to the Shanghai Metals Market, the price has jumped by RMB 340 per tonne to reach a new high of RMB 20,030 per tonne, with average prices likely to range between RMB 20,010...
