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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China’s new-vehicle market contracted in 2019 for the second consecutive year; Sales declined 8.2%
China’s new-vehicle market contracted in 2019 for the second consecutive year as weak economy and prolonged trade war with the United States continued to supress demand. According to China Association of Automobile Manufacturers (CAAM), new-vehicle sales declined 8.2 per cent to just below 25.8...
New and restarted smelting projects to boost China’s primary aluminium production by 3.4% in 2020
Shanghai Metals Market expects China’s primary aluminium production to be rebounded banking on new or recommenced smelting projects, while consumption to gather some pace with anticipated recovery in the automobile industry and building and construction sector. In 2020, China’s primary aluminium...
Primary aluminium inventories increase by 14,000 tonnes after a week of restraint
After remaining restrained at 610,000 tonnes last week, the social inventories of primary aluminium on Monday, January 13, increased by 14,000 tonnes across eight consumption areas in China, including SHFE warrants, to stand at 624,000 tonnes, according to Shanghai Metals Market. Rise in primary...
Alumina price stands higher at RMB 2454/t; A00 aluminium price drops after three days of rise
The average spot alumina price stands at RMB 2454 per tonne on Monday, 13 January 2020, an increase of RMB 8 per tonne or 0.33 per cent from RMB 2446 per tonne on January 10. The alumina prices in China have increased in all major markets, except South. The average prices of Alumina-East and...
Aluworks urges Ghana government to stop low-quality aluminium imports
Aluworks Limited, an aluminium continuous casting and cold rolling mill located at Ghana, has reportedly urged the government to stop aluminium imports of inferior country, in a bid to protect the local aluminium industry. The Managing Director of the company Kwasi Okoh said the government must...
China's new energy vehicle sales growth rate sharply dropped to 5.1% in 2019, shows CPCA
China in 2019 saw a sharp fall in the growth of new energy vehicle sales, revealed the China Passenger Car Association (CPCA). The reason for this has been attributed to Beijing’s subsidy cut to wean the sector off government support. On Thursday, January 9, CPCA data showed new energy passenger...
LME aluminium continued to drop as US dollar increased for the third day in a row; SHFE extended growth
The US dollar increased for a third straight day to two-week highs against a basket its rivals on Thursday; investor sentiment improved on the back of easing US-Iran tensions and ahead of the signing of the phase one US-China trade deal. Three-month LME aluminium rallied to an intraday high of...
Aluminium billets inventories record a growth of over 3,000 tonnes today after 12 weeks of decline
According to Shanghai Metals Market, the stocks of 6063 aluminium billets across five major consumption areas in China have grown today, on January 9, after three months of back-to-back decline. Compared with 49,900 tonnes on last Thursday, January 2, the billets inventories today, on January 9,...
LME aluminium dipped to US$1771.50/t on rising trend of US dollar; SHFE extends growth
The US dollar index, which measures the greenback against a basket its rivals, rose on Wednesday, as investors grew more optimistic that Iran’s attack on US forces in Iraq was unlikely to escalate into a full-blown regional conflict. Three-month LME aluminium extended its decline on Wednesday,...
China’s primary aluminium inventories remained unchanged this week; A00 aluminium price stands at RMB 14470/t
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 610,000 tonnes as of Thursday, 09 January 2020, barely changed from a week ago. The current status of primary aluminium inventories across China...
China’s primary aluminium production drops 1.84% YoY in 2019
Primary aluminium production in China stood at 35.43 million tonnes in 2019, a drop of 1.84% year-on-year, showed Shanghai Metals Market survey. The consumption declined by 1.4% YoY to stand at 36.11 million tonnes. Inventories stood at 686,000 tonnes. In December, primary aluminium output totalled...
A00 aluminium ingot price records a marginal growth of RMB10/t today after three consecutive rises
After three consecutive declines ranging between RMB 14,560 per tonne and RMB 14,450 per tonne on January 3, 6, and 7, the average A00 aluminium ingot price has recorded a marginal rise of RMB 10 today, on January 8, to stand at 14,460 per tonne. The average prices are expected to range between RMB...
Regional aluminium demand should be supported by USMCA
The House of Democrats in the USA on 10 th December’19 announced their support on an amended version of the USMCA, an agreement that was signed on November’18 by all three countries – USA, Mexico, and Canada. The amended agreement which involves changes made to labour and environmental standards...
Weiqiao cuts prebaked anode purchasing price by RMB70/t; Average prebaked anode price in China remains unchanged
According to Shanghai Metals Market, Shandong Weiqiao Group, the top aluminium producer in China has cut its prebaked anode benchmark purchasing price for January. The price is reduced by RMB 70 per tonne from December, marking the seventh straight month of cut. SMM data shows the prebaked anode...
Recap 2019: Additional auto tariffs created concerns for auto industry; China's EV market growth plummeted
The transport sector faced some unprecedented challenges in 2019. The year started with the announcement of a delay in the imposition of additional Section 232 tariffs on automobiles and automotive parts imported by the United States, which created concerns among automakers and the automotive...
LME aluminium price shrinks as US dollar price recovers from its six-month low; SHFE aluminium drops too
The US dollar recovered from a six-month low on Thursday, the year’s first trading day, as demand for the safe-haven dollar picked up after bleak data out of Germany and the UK weighed on the euro and pound. The dollar index, which tracks the greenback against a basket of other currencies, finished...
China’s aluminium billet inventories shrank by 700 tonnes for 12th straight week
As updated by Shanghai Metals Market, inventories of aluminium billet fell for the 12th consecutive week. Stocks of 6063 aluminium billet across five major consumption areas in China shrank by 700 tonnes from Thursday December 26 to stand at 49,900 tonnes as of Thursday January 2, after dipping...
Primary aluminium inventories record growth after downtrend since March 2019; A00 ingot price climbs up too
The social inventories of primary aluminium in China usher the year 2020 with a growth of 18,000 tonnes over the week, indicating a potential end to the continued inventory downtrend since March 2019. Thus, the stocks across eight major consumption areas, including SHFE warrants, as of today,...
