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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Novelis to showcase its cutting-edge automotive aluminium solutions at the Auto Show Shanghai 2021
Novelis is showcasing its portfolio of cutting-edge automotive aluminium at Auto Shanghai 2021. The company is aiming to implement China’s first world-class closed-loop recycling system in Zhenjiang, to meet customers’ sustainability targets. “China’s national strategy of “Carbon Neutrality by...
April 25 onward Vietnam hikes anti-dumping duties on Chinese aluminium imports
The Southeast Asian nation, Vietnam, onward 25 th April 2021 will impose anti-dumping duties of 4.39%-35.58% on aluminium products imported from China. According to the Ministry of Industry and Trade, “The anti-dumping duties will apply to certain extruded aluminium products produced by 18 Chinese...
China’s aluminium ingot price inches up by RMB 30/t; Australian alumina FOB price stands at USD 275/t
SMM aluminium ingot price has edged higher by RMB 30 per tonne to stand at RMB 18210 per tonne on Friday, 23 April 2021, from its previous price of RMB 18180 per tonne on April 22. This marks the second consecutive hike in aluminium price. The price is expected to range at RMB 18190-18230 per...
Aluminium billet inventories in China decline slower this week to 162,800 tonnes: SMM
Aluminium billet inventories in China have decreased relatively slower this week on April 22 by 2,500 tonnes or 1.5 per cent from the previous week, found the Shanghai Metals Market. Data shows the inventories across the five major Chinese consumption areas have come in at 162,800 tonnes. Last week...
China’s primary aluminium inventories decline to 1.14 million tonnes on April 22
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined this week by 43,000 tonnes from last Thursday. The stocks stood at 1.14 million tonnes as of Thursday, 22 April 2021. The chart below shows the...
ASI certifies Henan Zhongfu High Precision Aluminium Products Co., Ltd. for casting and rolling activities
Aluminium Stewardship Initiative has announced that it has certified Henan Zhongfu High Precision Aluminium Products Co., Ltd. against Performance Standard certification for casting and rolling activities in Henan, China. The plant produces aluminium can body stock, can end stock, can tab stock,...
A00 aluminium ingot price gains RMB140/t to settle at RMB18,180/t; Aluminium alloy(A356) price grows by RMB100/t
After showing restraint and declining in the past two days, A00 aluminium ingot price in China has recorded an increase of RMB 140 per tonne to RMB 18,180 per tonne, as of Thursday, April 22, according to the Shanghai Metals Market. The average prices are expected to range between RMB 18,160 per...
China’s aluminium scrap imports in Jan-Feb 2021 reflect a 12% decline to 107,200 tonnes
China’s aluminium scrap imports during January-February 2021 totalled 107,200 tonnes, recording a year-on-year decrease of 12.3 per cent, found the China customs data. In January, China imported 69,100 tonnes of aluminium scrap, which stood 16.21 per cent down month-on-month but up by 9.5 per cent...
China’s aluminium ingot price drops by RMB 80/t; Aluminium alloy (ADC12) price declines to stand at RMB 18050/t
SMM aluminium ingot price registered a drop after remaining unchanged yesterday. The aluminium price reduced by RMB 80 per tonne from RMB 18120 per tonne. The price came in at RMB 18040 per tonne as of Wednesday, 21 April 2021 and is expected to move within a range of RMB 18020-18060 per tonne. In...
World aluminium production rises 5% YoY in March; Output stands at 16.639MT in January-March
Global primary aluminium production stood at 5.725 million tonnes in March (31 days), with a year-on-year increase of 4.97% from 5.454 million tonnes in March 2020, according to the latest data showed by the International Aluminium Institute (IAI). On a monthly basis, the output rose by 10.37% from...
Chinese alumina refinery to halve its production due to bauxite supply shortage
According to a report on Monday, April 19, Chinese alumina refinery Kaiman Aluminium has reduced its production by half, claiming that bauxite supplies are limited. The refinery, owned by Hangzhou Jinjiang Group, is located in Sanmenxia city in Henan province. It has a per annum capacity of 2.1...
China’s A00 aluminium ingot price shows restraint at RMB18120/t amid muted input costs: SMM
Primary aluminium ingot price in China has shown restraint on Tuesday, April 20, amid muted input costs. According to the Shanghai Metals Market data, A00 aluminium ingot price is resting at RMB 18,120 per tonne, with average prices to continue to range between RMB 18,100 per tonne and RMB 18,140...
A00 aluminium ingot price in China sheds RMB10/t to settle at RMB18120/t after a week-long hikes: SMM
A00 aluminium ingot price in China has opened the week on Monday, April 19, with a slight drop of RMB 10 per tonne to RMB 18,120 per tonne, following a week-long surge from US$ 17,380-18,130 per tonne during April 12-16, according to the Shanghai Metals Market. Today, the average prices are...
Rwanda’s import of aluminium foil during 2018-20 exhibits unstable movement
The economy of Rwanda is almost dependent on agriculture. More than 90% of the population makes its livelihood by producing food crops or through industrial work involving the processing of crops. Agriculture contributes more than 40% of the nation's GDP. The landlocked country in East Africa has...
China’s primary aluminium inventories extend decline to 1.18 million tonnes this week
According to the Shanghai Metals Market, primary aluminium inventories in China extended decline this week by 45,000 tonnes across eight major consumption areas, including SHFE warrants, as of Thursday, April 15. Data showed the stocks stood at 1.18 million tonnes on April 15 in comparison with...
Aluminium billet inventories in China shrink for the sixth week in a row to 165,200 tonnes: SMM
According to the Shanghai Metals Market, aluminium billet inventories in China have shrunk by 15,800 tonnes week-on-week across five major consumption areas to stand at 165,200 tonnes as of April 15, 2021. This marks the sixth consecutive week of decline since March 11, 2021. On last Thursday,...
A00 aluminium ingot price in China exceeds RMB18000/t; Aluminium alloy (A356) price gains RMB300/t
A00 aluminium ingot price in China has continued to rise to exceed RMB 18,000 per tonne, found the Shanghai Metals Market. Data shows the price has surged by RMB 330 per tonne on Thursday, April 15, to come in at RMB 18,090 per tonne. The average prices are expected to range between RMB 18,070 per...
A00 aluminium ingot price in China closes near 10-year high at RMB17760/t on production curb fears
A00 aluminium ingot price in China has jumped by RMB 290 per tonne on Wednesday, April 14, to reach near 10-year high at RMB 17,760 per tonne on fears that Chinese primary aluminium producers will limit their output to meet environmental targets. The average prices are expected to range between RMB...
