H1 2026 sees more renewable energy than ever: Here’s a region-by-region guide to renewable energy supply in the recent past
In the first half of 2025, humanity generated more electricity from renewables than from coal for the first time ever. What led to it? It was possible only because of two decades of falling solar panel prices, taller wind turbines, and governments finally treating clean power like an economic...
US Treasury yields rise, pressuring aluminium prices to consolidate at highs amid mixed signals
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 23,990 per tonne, down RMB 15 from yesterday's settlement price, a decline of 0.06 per cent. It opened at RMB 23,995 per tonne during the day and fluctuated within a range of RMB 23,950-24,055 per tonne. Prices traded below the MA5...
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COVID19 Effect: China’s daily aluminium production in March dropped 1.7%, according to Reuters calculations
According to Reuters calculations based on the official data on Friday, China’s daily aluminium output in March dropped by 1.7 per cent compared to the earlier two months. Supply disruption and incessant price fall of the metal due to the COVID19 outbreak resulted in daily production drop. But as...
LME aluminium price increased to $1476/t amidst one-week high US dollar; SHFE expanded to $1715/t
The US dollar rose to a one-week high on Thursday as investors continued to search for safe haven following gloomy US jobless data. The dollar index, which tracks the greenback against a basket of other currencies, added 0.28 per cent and ended at 99.9. As of Thursday, April 16, both LME aluminium...
China’s primary aluminium inventories decline on improved demand
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined sharply this week on improved demand. Inventories stood at 1.495 million tonnes in the week ended April 16. That was down 112,000 tonnes from...
ALUMINIUM CHINA Prepares for in-depth Discussion on the Future of China’s Recycled Aluminium Industry
Preparations for ALUMINIUM CHINA 2020 are underway. World-leading aluminium producers, such as Novelis, Nikkeikin, CHALCO, Nanshan, and ALNAN, will exhibit with cutting-edge materials and experience in recycling sector. Meanwhile, leading aluminium recyclers Lizhong, Sigma and technology suppliers...
Aluminium billet inventories record a higher fall this week: Stocks total at 164,900 tonnes
Extending decline for the sixth consecutive week, aluminium billet inventories in China have totalled at 164,900 tonnes, as of Thursday, April 16, found Shanghai Metals Market. SMM data shows the stocks of 6063 aluminium billet have reduced by 5,200 tonnes today, compared to 4,100 tonnes last week,...
Three-month LME aluminium finished 0.2% lower; SHFE aluminium jumped 1.5%
The US dollar rose on Wednesday. The dollar index, which tracks the greenback against a basket of other currencies, rebounded 0.71% to end at 99.573. Overnight, LME base metals failed to hold onto gains from Tuesday. LME aluminium fell 0.2% while SHFE aluminium jumped 1.5%. Three-month LME...
A00 aluminium ingot price extends growth to RMB12,000/t on supply shortage and increased consumption
A00 aluminium ingot price has extended growth today, on April 16, for the sixth day in a row to touch the level of RMB 12,000 per tonne, learned Shanghai Metals Market. Yesterday, the price was RMB 11,910 per tonne, which represents that today it has increased by RMB 90 per tonne. The average...
China to have 10 times more charging piles this year for the development of EVs charging network
On Tuesday, April 14, China’s State Grid announced to invest RMB 2.7 billion in total to construct charging piles. It said it plans to build 78,000 charging piles in 2020, which is 10 times more than the addition last year. The state-owned electric utility giant also announced that it would kick...
Three-month LME aluminium rebounded at $1515/tonne; SHFE aluminium grew to RMB1681/t
The US dollar declined on Tuesday as risk appetite returned to the market after the better-than-expected economic data from China dispelled some concerns about the coronavirus impact on the world’s second-largest economy. The dollar index, which tracks the greenback against a basket of other...
China allows 191,000 tonnes of aluminium scrap in its fifth batch of import quotas for 2020
China’s environmental authorities on April 10 reportedly issued the fifth batch of aluminium scrap import quotas for 2020 to allow additional 191,100 tonnes of high-grade aluminium scrap to enter China. With this, the total aluminium scrap imports allowed to China at present is 475,600 tonnes....
China’s exports of unwrought aluminium, aluminium products down by 18% in Jan-Mar
According to the latest export-import data released by China's General Administration of Customs, total unwrought aluminium and aluminium products exports by China stood at 518,600 tonnes in March 2020, a decrease of 5% from a year earlier. In the first three months of 2020, exports of unwrought...
Chinese alumina price lowers decline to RMB6/t, while A00 aluminium ingot price lowers growth to RMB20/t
According to Shanghai Metals Market, the average alumina spot price in China has lowered its decline to RMB 6 per tonne today, on April 14, to stand at RMB 2,073 per tonne. In many parts of China, the price has remained restrained, such as in the east and north at RMB 2,100 per tonne and RMB 2,050...
Backlog orders shield aluminium processors operating rates in China last week
On surveying 41 major aluminium processors in 12 provinces across China last week, Shanghai Metals Market found their average operating rate dropped marginally by 0.6 percentage point on a weekly basis to 74.4 per cent. Backlog orders could be a reason behind this overall steady operating rate, in...
China’s primary aluminium inventories extend decline over the weekend on improved demand
Shanghai Metals Market found a further decline in social inventories of primary aluminium ingots over the weekend ended Monday, April 13, bolstered by improved demand and reduced arrivals of stocks to warehouses. According to the SMM data, the inventories decreased 59,000 tonnes from last Thursday,...
Alumina price in China extends decline by RMB42/t; A00 aluminium ingot price grows on further inventory fall
The average alumina spot price has declined by RMB 42 per tonne to stand as low as RMB 2,079 per tonne, as of Monday, April 13, found Shanghai Metals Market. The northern market of China has seen the highest decrease in the price of RMB 60 per tonne to RMB 2,050 per tonne, while that in the east...
Weekly Update 1: COVID19 effects on global aluminium industry during April 1-10
Right from the aluminium raw material to the end-use sector, the effect of COVID19 pandemic is evident in every vertical of the industry. Unavailability of adequate labourers and transport disruption due to the worldwide lockdown is taking a constant toll on the aluminium industry, resulting in...
China’s new energy vehicle sales drop by 53% in March: CAAM
China’s sales of new energy vehicles declined 53.2% year on year in March, data showed from the China Association of Automobile Manufacturers (CAAM) on Friday, 10 April 2020. Sales of new energy vehicles stood at 53,000 units last month. Production of NEVs in March came in at 50,000 units. That was...
China’s new energy passenger vehicle sales in March quadrupled from last month: CPCA
According to the latest data from the China Passenger Car Association (CPCA) on Thursday, April 9, China’s wholesale deliveries of new energy passenger vehicles totalled at 56,000 units in March, down 49.2 per cent from the same period last year but grew by about three times from the last month....
