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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Prebaked anode price in China grows by RMB290/t after a month-long restraint; A00 aluminium ingot price climbs to RMB17260/t
After a month-long restraint at RMB 3902.50 per tonne, prebaked anode price in east China has surged by RMB 290 per tonne on April 1, 2021, to clock at RMB 4,192.50 per tonne. The average prices are expected to range between RMB 3,885 per tonne and RMB 4,500 per tonne. In central China, prebaked...
European Union imposes up to 31.2% anti-dumping duties on Chinese aluminium extrusions
The European Union has reportedly imposed duties on Chinese aluminium products after determining the materials being sold at unfairly low prices. The news came on Tuesday, March 30, after the EU official journal announced that duties to be imposed on Chinese aluminium extrusions in the form of...
Aluminium price in China reduces by RMB 180/t; Aluminium alloy (ADC12) stands at RMB 17900/t
SMM aluminium ingot price dropped for the second time in a row. The aluminium price reduced by RMB 180 per tonne from Tuesday’s price of RMB 17340 per tonne. As on Wednesday, 31 March 2021, the price came in at RMB 17160 per tonne and is expected to move within a range of RMB 17140-17180 per tonne....
A00 aluminium ingot price declines to RMB17340/t after three days of hike; Aluminium fluoride price plunges by RMB150/t
A00 aluminium ingot price in China has decreased by RMB 50 per tonne to stand at RMB 17,340 per tonne on Tuesday, March 30, following the three consecutive days of hike from RMB 17,080 per tonne to RMB 17,390 per tonne, according to Shanghai Metals Market. The average prices are expected to range...
World alumina production climbs 1.41% in February; Output stands at 22.321 MT in Jan-Feb
Global alumina production stood at 10.574 million tonnes in February 2021, an increase of 1.41% from 10.427 million tonnes in February 2020, according to the latest data showed by the International Aluminium Institute (IAI). On a month-on-month comparison, the output reduced 9.99% from 11.747...
China plans to sell aluminium from its state reserves to curb price hike: Source
China is reportedly mulling to sell nearly 500,000 tonnes of aluminium from state reserves, in an attempt to calm the market and meet the Asian nation’s carbon emissions objectives, according to a person familiar with the plan. Selling off some of the highly carbon-intensive aluminium stocks is...
China’s primary aluminium inventories reduce by 7,000 tonnes to 1.24 million tonnes
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, reduced by 7,000 tonnes from last week. The stocks came in at 1.24 million tonnes as of Thursday, March 25 2021. The chart below shows the status of the...
Aluminium billet inventories in China nosedive by 34,700 tonnes this week on restocking due to lower prices
Shanghai Metals Market data showed on Thursday, March 25, that aluminium billet inventories in China decreased by 34,700 tonnes from a week ago across five major consumption areas, including SHFE warrants, to come in at 198,200 tonnes. Lower aluminium prices in the previous two days led to...
China’s aluminium ingot price rises for the second day in a row; Aluminium alloy (ADC12) price climbs by RMB 50/t
SMM aluminium ingot price increased for the second day in a row. The price increased from RMB 17200 per tonne to RMB 17330 per tonne on Friday, 26 March 2021. That was up by RMB 130 per tonne from Thursday’s price. It is expected to move within a range of RMB 17310-17350 per tonne. Aluminium price...
China’s aluminium bars and extrusions exports rise 35.9% YoY to 153,200 tonnes during Jan-Feb 2021
China Customs data found the country’s aluminium bars and extrusions exports during January-February 2021 stood at 153,200 tonnes, reflecting a year-on-year rise of 40,500 tonnes or 35.9 per cent from 112,700 tonnes. Exports in January were at 93,800 tonnes, which in February decreased by 34,400...
Chalco posts lowest annual profit in last four years in 2020; primary aluminium output declines 2.6% to 3.69MT
Aluminium Corporation of China Limited, popularly known as Chalco, posted the lowest annual profit in the last four years in 2020. It said in a filing that its net income fell 13.1 per cent year-on-year to RMB 741 million in 2020. The company's revenues stood down by 2.2 per cent to RMB 186 billion...
Inferior Aluminium supply from China, delays delivery of the Royal Australian Navy's new fleet of Cape Class patrol boats
The delay in the delivery of the Royal Australian Navy's new $350 million fleets of Cape Class patrol boats has been blamed on the supply of inferior quality aluminium from China. The West Australian shipbuilder Austal has secured a contract in May’20, to build six of the 58-metre vessels, which...
China’s A00 aluminium ingot price shrinks for the second day in a row to RMB17080/t amid muted input costs: SMM
A00 aluminium ingot price in China has continued to decline on Wednesday, March 24, to stand at RMB 17,080 per tonne, marking the second consecutive day of fall after a hike over the weekend on Monday, March 22. According to SMM, the average prices today are expected to range between RMB 17,060 per...
China’s aluminium price edges lower by RMB 320/t; Aluminium alloy (A356) reduces to RMB 17900/t
SMM aluminium ingot price stood at RMB 17220 per tonne on Tuesday, 23 March 2021, indicating a decline of RMB 320 per tonne from Monday’s price of RMB 17540 per tonne. It is expected to move within a range of RMB 17200-17240 per tonne. Aluminium price in Foshan and Wuxi declined by RMB 310 per...
Fight against China’s unfair trade practices, European Commission to impose anti-dumping duties on flat-rolled products; European Aluminium applauds
The European Aluminium Association praises the European Commission for its intention to impose provisional anti-dumping duties on certain flat-rolled products originating in China. The duty rates vary from 19.6 to 47.3% and result from an anti-dumping investigation initiated on the 14 th August’20,...
World primary aluminium production sees M-o-M fall of 8.83% to 5.203MT in February 2021; Y-o-Y output grows 1.25%
In February 2021, world primary aluminium production plunged by 8.83 per cent month-on-month to stand at 5.203 million tonnes, bringing the total output in the first two months of the year to 10.930 million tonnes, found the International Aluminium Institute. In January 2021, world primary...
China Hongqiao Group to release carbon reduction plans this year; aims at becoming carbon neutral by 2060
China Hongqiao Group will publish this year its lower carbon emission target along with the action plan on how to achieve it, according to a report last week after the world’s largest private-sector aluminium producer’s chairman Zhang Bo revealed at the China Development Forum that the firm would...
China’s aluminium ingot price stands higher by RMB140/t; Aluminium alloy (ADC12) price up by RMB 100/t
SMM aluminium ingot price marked a growth after a drop on Friday. The aluminium price increased by RMB 140 per tonne from Friday’s price of RMB 17400 per tonne to RMB 17540 per tonne on Monday, 22 March 2021. It is expected to move within a range of RMB 17520-17560 per tonne. In Foshan and Wuxi,...
