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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Ghana-China Sinohydro Bauxite deal facades environmental risk: Duke University
The Chinese state-owned firm Sinohydro which deal with Ghana for bauxite mining brings out heavily condemnation from global environmentalists, as they warned that bauxite mining in the country’s crucial forests region would façade environmental risks. The West African nation, Ghana, signed bauxite...
Weekly update: Aluminium ingot price in China ended the week lower; Alumina price remained muted
SMM aluminium ingot price started the week with a hike of RMB 250 per tonne on Monday, March 15 2021 to RMB 17620 per tonne. The price on Wednesday stood lower by RMB 230 per tonne to RMB 17530 per tonne, from Tuesday’s price of RMB 17760 per tonne. The aluminium price closed the week lower at RMB...
China’s aluminium products imports climb by 150.7% in January-February
According to the General Administration of Customs, aluminium imports in China increased by 150.7% year-on-year in January-February 2021 on higher aluminium prices. Imports of unwrought aluminium and products stood at 455,128 tonnes in the first two months of 2021, Customs data showed on Thursday,...
Alumina spot price in China gains RMB6/t after about two-weeks of restraint; A00 aluminium ingot price falls below RMB17500/t
After about two weeks of restraint at RMB 2,332 per tonne, the average alumina spot price in China has inched up by RMB 6 per tonne to close the week on Friday, March 19, at RMB 2,338 per tonne, according to the Shanghai Metals Market. In Shanxi, alumina price has increased by RMB 10 per tonne to...
China’s aluminium billet stocks reduce by 3,900 tonnes on March 18
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China reduced by 3,900 tonnes from a week ago. The inventories came in at 232,900 tonnes as of Thursday March 18. The chart below indicates the current status of aluminium billet inventories...
China’s primary aluminium inventories build-up 22,000 tonnes this week to stand at 1.25 million tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium have further expanded by 22,000 tonnes across eight major consumption areas in China, including SHFE warrants. Thus, the stocks this week, as of March 18, have come in at 1.25 million tonnes, compared to 1.23 million...
China’s aluminium ingot price climbs by RMB 150/t; Aluminium Alloy (A356) stands at RMB 18400/t
SMM aluminium ingot price has inched up by RMB 150 per tonne on Thursday, 18 March 2021. The price now stands at RMB 17680 per tonne from Wednesday’s price of RMB 17530 per tonne. The price is expected to range at RMB 17660-17700 per tonne. In Foshan and Wuxi, the price has risen by RMB 150 per...
China’s aluminium foil export projected to rebound by 4.88% in 2021 from 1.23MT in 2020
China exported 1.23 million tonnes of aluminium foil in 2020, which reflected a downfall of 4.95 per cent from the exports in 2019, found the customs data. Exports of foil under HS code 76071110 (unprocessed aluminium foil without backing after rolling, thickness ≤0.007mm) totalled 293,400 tonnes...
A00 aluminium ingot price declines by RMB230/t after two days of surge in a row; Aluminium alloy (A356) price down at RMB18250/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has witnessed a downfall of RMB 230 per tonne after two consecutive days of rise from RMB 17,370 per tonne to RMB 17,760 per tonne. As of today, March 17, the price is standing at RMB 17,530 per tonne, with average prices...
Narrow downstream demand and soaring aluminium prices lead to weaker secondary aluminium operating rates in China in Feb’21
According to the Shanghai Metals Market, secondary aluminium producers operating rates in China recorded a month-on-month plunge of 20.8 percentage points in February 2021 to stand at 41.35 per cent. However, on a year-on-year calculation, the operating rates increased by 23.23 percentage points,...
China’s aluminium price stands at RMB 17760/t; Aluminium alloy (ADC12) price inches up by RMB 100/t
SMM aluminium ingot price hiked by RMB 140 per tonne on Tuesday, 16 March 2021. The aluminium price now stood at RMB 17760 per tonne from Monday’s price of RMB 17620 per tonne. The price is expected to move within a range of RMB 17740-17780 per tonne. In Foshan and Wuxi, the price rose by RMB 140...
China’s aluminium production improves 8.4% in January & February 2021 with daily output at a new record high
According to the data released by the National Bureau of Statistics, China’s aluminium production gained 8.4 per cent year-on-year in the first two months of 2021, attributing to new capacities and soaring prices. In January and February combined, primary aluminium output in China was 6.45 million...
Chinese and American University collaborates to develop high-speed charging Aluminium battery
In today’s world, aluminium-ion batteries are gearing with rapid developments to outperform lithium-ion technology. The biggest advantage of aluminium-ion batteries is their economic and ample availability as raw materials, whereas Li-ion batteries raw materials come with a lot of obstacles in...
China’s aluminium ingot price hikes by RMB 10/t; expected to range at RMB 17350-17390/t
SMM aluminium ingot price registers a hike for the second day in a row. The price stands at RMB 17370 per tonne on Friday, March 12 2021. This is a growth of RMB 10 per tonne from Thursday’s price of RMB 17360 per tonne. The price is expected to move within a range of RMB 17350-17390 per tonne. In...
China’s aluminium billet stocks drops by 9,500 tonnes to 236,800 tonnes
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China declined for the first time after the Chinese New Year. Inventories of aluminium billet decreased 9,500 tonnes from a week ago to 236,800 tonnes as of Thursday March 11. The chart below...
China’s primary aluminium inventories grow slower this week to stand at 1.23 million tonnes
According to the Shanghai Metals Market, China’s primary aluminium ingot inventories have increased by 55,000 this week across eight major consumption areas, including SHFE warrants. Data shows the stocks have come in at 1.23 million tonnes on March 11 compared to 1.17 million tonnes on March 4....
China’s aluminium wire and cable producers’ operating rates decline 3.26 percentage points M-o-M to 26.63% in Feb’21
According to the Shanghai Metals Market, China’s aluminium wire and cable producers’ operating rates saw a decrease of 3.26 percentage points month-on-month to 26.63 per cent in February 2021. However, it reflected an increase over the year by 10.48 percentage points, found SMM. The monthly...
A00 aluminium ingot price in China settles RMB270/t higher on March 11 after two consecutive declines: SMM
After two consecutive downfalls on March 9 and 10 from RMB 17,490 per tonne to RMB 17,090 per tonne, A00 aluminium ingot price has recorded a surge of RMB 270 per tonne on Thursday, March 11, to settle at RMB 17,360 per tonne. The average prices are expected to range between RMB 17,340 per tonne...
