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 primary aluminium output declines 9% to 3.02 million tonnes M-o-M but grows 5% Y-o-Y in February 2021
According to the Shanghai Metals Market, China’s primary aluminium production stood at 3.02 million tonnes in February 2021, reflecting a downfall of 9.04 per cent from 3.32 million tonnes in January 2021. However, on a year-on-year calculation, the output improved by 5.23 per cent from 2.87...
Alumina price in Shandong stands RMB 10/t higher; Australian alumina FOB down by USD 4/t
As updated by Shanghai Metals Market, alumina price in Shandong China market has marked a hike after two days of restraint. The price has increased by RMB 10 per tonne to stand at RMB 2340 per tonne on Wednesday, 10 March 2021. Alumina price in other major markets remained unchanged today....
China’s alumina production extends downfall in February 2021 to 5.86 million tonnes, but daily output grows by 10% M-o-M
According to the latest data revealed by the Shanghai Metals Market, China produced 5.86 million tonnes of alumina in February 2021, marking the second consecutive month of decline, albeit slower than the previous month. In January, China’s alumina production was at 5.90 million tonnes, meaning the...
China’s A00 aluminium ingot price declines by RMB310/t to RMB17180/t; Aluminium alloy(A356) price shrinks to RMB17900/t
A00 aluminium ingot price in China has recorded a downfall of RMB 310 per tonne to stand at RMB 17,180 per tonne on Tuesday, March 9, following a surge of RMB 390 per tonne on the previous day, found the Shanghai Metals Market. The average prices are expected to range between RMB 17,160 per tonne...
China’s aluminium ingot price registers a hike of RMB390/t; Aluminium alloy (ADC12) price stands at RMB 18100/t
SMM aluminium ingot price marked a growth of RMB 390 per tonne on Monday, March 8 2021. The aluminium price stood at RMB 17490 per tonne today from Friday’s price of RMB 17100 per tonne. The price is expected to move within a range of RMB 17470-17510 per tonne. In Foshan and Wuxi, the price rose by...
Weekly update: Aluminium ingot price in China saw mixed performance this week; Alumina price remained flat
SMM aluminium ingot price saw mixed performance this week. The price declined by RMB 220 per tonne and RMB 150 per tonne to stand at RMB 17050 per tonne and RMB 16900 per tonne on Monday,1 March and Tuesday, 2 March. The price on Thursday stood higher by RMB 150 per tonne to RMB 17580 per tonne,...
China’s Aluminium Industry must advance Green and Low-carbon development to reach carbon emission peak by 2030: Yu Dehui
Yu Dehui, the former general manager of Aluminum Corporation of China Ltd. (CHALCO), suggested that China, the world’s largest aluminium producer and consumer, must advance the green and low-carbon development of the aluminium industry to reach the carbon dioxide emission peak by 2030 and achieve...
Morocco’s import of Aluminium wire during 2018-20 manifests rapid de-growth
The World Bank has forecasted 4% growth for the economy of Morocco, as reported by the Moroccan state media and also notified the country’s growth will be accredited to agriculture. The North African nation during 2018-19 has recorded 31,967 tonnes import of aluminium wire and the expenditure that...
China to import aluminium and copper scrap from 26 new foreign companies
Late last month, China’s metal recycling body unveiled the second batch of 44 certified domestic importers and a list of over two dozens of foreign companies who would be permitted to export aluminium and copper scrap to the country. China had prohibited imports of solid waste from 2021 but...
ASI certifies Chalco Ruimin’s two rolled aluminium materials plants in Fuzhou against CoC Standard Certification
Aluminium Stewardship Initiative announced on Friday, March 5, that it certified Chalco Ruimin Co., Ltd.’s two plants in Fuzhou, China, against Chain of Custody Standard Certification for remelting and casting, hot rolling, cold rolling, and finishing activities. The company produces rolled...
China’s aluminium billet inventories gain 7,000 tonnes to 246,300 tonnes on March 4, 2021
Shanghai Metals Market data found a further rise in China’s 6063 aluminium billet inventories, although slower than the previous week, across the five major consumption areas, including SHFE warrants. Data shows the inventories have grown by 7,000 tonnes over the week, ending on Thursday, March 4,...
China's primary aluminium inventories continue to expand to stand at 1.173MT on March 4
According to the Shanghai Metals Market, social inventories of primary aluminium have built-up 91,000 tonnes over the week, ending on Thursday, March 4, 2021. Data shows the stocks across eight major Chinese consumption areas, including SHFE warrants, have come in at 91,000 tonnes, as of March 4,...
China’s aluminium ingot price edges higher by RMB 150/t; Aluminium Alloy (A356) stands at RMB 18300/t
SMM aluminium ingot price has edged higher by RMB 150 per tonne to stand at RMB 17580 per tonne on Thursday, 04 March 2021, from its previous price of RMB 17430 per tonne on March 3. This marks the second consecutive hike in aluminium price. The price is expected to range at RMB 17560-17600 per...
ASI certifies Yunnan Yongshun Aluminium's flat alloy ingot facility against Performance Standard Certification
Aluminium Stewardship Initiative announced today, on March 2, 2021, that it successfully certified Yunnan Yongshun Aluminium Co., Ltd. against Performance Standard Certification for remelting/refining and semi-fabrication activities. The facility’s operations include smelting, casting, and sawing...
Bosnia Herzegovina’s import of Aluminium Tubes and Pipes during 2018-20 illustrates an uneven movement
Bosnia and Herzegovina's gross domestic product to grow by 2.8% in 2021, which is 0.6% points below, as predicted by the World Bank in June’20. Bosnia's economy sunk by an estimated 4% in 2020, more than the 3.2% fall in GDP forecast in June, the World Bank said in its January 2021 Global Economic...
World alumina output in January 2021 grows 3% YoY and declines 1% on month to 11.687 million tonnes
World alumina production in January 2021 stood at 11.687 million tonnes in January 2021, registering a month-on-month decline of 1.04 per cent, according to the International Aluminium Institute. In December 2020, world alumina production came in at 11.810 million tonnes, up by 3.18 per cent from...
Zambia’s import of Aluminium wire during 2018-19 exhibits uniform; 2020 records robust growth
In 2019, Zambia’s real GDP growth decelerated to an estimated 2%, which was down from 4.0% in 2018. The economy was hit by drought in the south and west that lowered 2018/19 agricultural production and hydropower electricity generation considerably. Severe electricity rationing followed, and long...
Prebaked anode price in East China edges higher by RMB 215/t; Aluminium price declines to RMB 17050/t
Prebaked anode price in East China market has edged higher by RMB 215 per tonne after remaining flat at RMB 3687.5 per tonne since February 1. As of Monday, 01 March 2021, prebaked anode price is currently hovering at RMB 3902.5 per tonne and is expected to range to RMB 3605-4200 per tonne. The...
