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 inventories extend week-on-week growth by 181,000 tonnes to 1.082MT
Social inventories of primary aluminium in China have continued to grow this week, ending on Thursday, February 25, according to the Shanghai Metals Market. Data shows inventories have expanded across eight major Chinese consumption areas, including SHFE warrants, to come in at 1.082 million...
China’s aluminium ingot price jumps by RMB820/t; Aluminium alloy (ADC12) price stands at RMB 18300/t
SMM aluminium ingot price marked a big jump on Thursday, 25 February 2021. The aluminium price registered an increase of RMB 820 per tonne from Wednesday’s price of RMB 16740 per tonne. The price now stood at RMB 17560 per tonne today and is expected to move within a range of RMB 17540-17580 per...
China's primary aluminium inventories witness an expansion of 121,000 tonnes to stand above 1 million tonnes
On Monday, February 22, social inventories of primary aluminium expanded by 121,000 tonnes across eight major consumption areas in China, including SHFE warrants, found the Shanghai Metals Market. SMM data showed inventories stood at 1.022 million tonnes on February 22 compared to 901,000 tonnes on...
China’s aluminium ingot price climbs by RMB 50/t; Aluminium Alloy (A356) stands at RMB 17500/t
SMM aluminium ingot price has edged higher by RMB 50 per tonne to stand at RMB 16780 per tonne on Tuesday, 23 February 2021, from its previous price of RMB 16730 per tonne on February 22. The price is expected to range at RMB 16760-16800 per tonne. In Foshan and Wuxi, the price has increased by RMB...
ASI certifies Jiangsu Zhongji Lamination Materials Co., Ltd.’s aluminium casting and cold rolling facility
Aluminium Stewardship Initiative announced on Tuesday, February 23, that it certified Jiangsu Zhongji Lamination Materials Co., Ltd. against Performance Standard Certification for material conversion activities at the Anhui Maximum Aluminium Industries Co. Ltd. plant in Anhui Province, China. The...
World primary aluminium production grows 4% Y-o-Y to 5.707MT in January 2021; Output in China stands flat M-o-M
World primary aluminium production began the year 2021 with a slight rise of 0.23 per cent month-on-month to 5.707 million tonnes in January. On a year-on-year calculation, the output stood higher by 4.29 per cent from 5.472 million tonnes. In December 2020, world primary aluminium production stood...
China’s A00 aluminium ingot price soars by RMB300/t to stand above RMB16,500/t: SMM
According to the Shanghai Metals Market, A00 aluminium ingot price has continued to surge by RMB 300 per tonne on Monday, February 21, to stand at RMB 16,730 per tonne, the highest since the beginning of 2021. The average price are expected to range between RMB 16,710 per tonne and RMB 16,750 per...
Shangqiu Yangguang Aluminium Product certified against ASI Performance Standard
Shangqiu Yangguang Aluminium Product Co., Ltd. has received Aluminium Stewardship Initiative (ASI) Performance Standard certification for its plant in Henan Province, China. The casthouse and material conversion facility manufactures aluminium alloy plate, sheet, and strip. Fiona Solomon, Chief...
Mozambique’s import of Alumina during 2018-19 remains flat, 2020 records drop
According to the IMF, the economy of Mozambique is forecasted to rise 4.7% in 2021, supported by the post-pandemic global economic recovery, reconstruction efforts, the recovery of the agricultural sector, the gradual easing of monetary conditions, and the clearance of supplier payment arrears. The...
SMS group delivers cold rolling mill for aluminium strips to BaoWu Aluminium Technology
SMS group has announced the delivery of new cold rolling mill for aluminium strips to BaoWu Aluminium Technology Limited. The mill can process aluminium strips with a maximum width of 2,350 millimeters. The facility is planned for an annual capacity of about 120,000 tons. The smallest final...
China's primary aluminium inventories mount to 901,000 tonnes during the Chinese New Year Holiday
According to the Shanghai Metals Market, social inventories of primary aluminium have expanded by 126,000 tonnes during the Chinese New Year Holiday ended on February 17, 2021. SMM data shows that as of Thursday, February 18, the inventories are standing at 901,000 tonnes across the eight major...
China’s aluminium billet stocks surged by 48,700 tonnes on higher arrivals
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China increased by 48,700 tonnes on higher cargoes arrivals. The stocks stood at 214,200 tonnes as of Thursday, February 18. The chart below indicates the current status of aluminium billet...
Namibia’s import of Aluminium Foil during 2018-20 reflects rapid growth with a steady fall
Rowland Brown of Cirrus Capital, a local economist forecasts a 3.8% growth for the Namibian economy in 2021 after it experienced a contraction of 8.4% in 2020. “The contraction in 2020 will be the largest Namibia has recorded in her history, reflective not only of adverse external conditions but...
A00 aluminium ingot price stands above RMB16000/t after a week-long CNY holiday; Aluminium alloy (A356) grows by RMB450/t
A00 aluminium ingot price has opened the market after a week-long Chinese New Year Holiday with a surge of RMB 440 per tonne to stand above RMB 16,000 per tonne, found the Shanghai Metals Market. According to the data, the price today, on February 18, has pegged at RMB 16,210 per tonne, the highest...
Benchmark aluminium price on LME inched down by US$2/t to clock at US$2077/t; SHFE remained closed for CNY holiday
Benchmark aluminium price on the London Metal Exchange edged slightly lower to US$ 2077 per tonne on Tuesday, February 16, from US$ 2079 per tonne on Monday. LME aluminium cash (bid) price and LME official settlement price slipped by US$ 2 per tonne on Tuesday, February 16, to stand at US$ 2077 per...
Greece import of Aluminium Stranded Wire during 2018-20 exhibits significant growth
The Greek Economy Outlook for 2021 resembles the continuation of the pandemic is developing a barrier towards predictions, which is almost impossible about the course of the Greek economy. Notwithstanding, the effort of the government to facilitate recovery is being heightened and will...
Benchmark aluminium price on LME further gained US$5/t to stand at US$2075.50/t; SHFE closed for CNY holiday
Benchmark aluminium price on the London Metal Exchange inched up by US$ 5 per tonne or 0.24 per cent on Thursday, February 11. LME aluminium cash (bid) price and LME official settlement price continued to hike for the past one week to reach at US$ 2075.50 per tonne on Thursday, February 11, from...
China’s primary aluminium inventories expand by 61,000 tonnes this week to reach at 775,000 tonnes
According to the Shanghai Metals Market, primary aluminium ingot inventories in China have continued to build-up this week, on Wednesday, February 10. Data shows the stocks have significantly gained 61,000 tonnes across eight major consumption areas in China, including SHFE warrants, to come in at...
