Energy costs drive China's August inflation as non-ferrous metals surge 20.8%
China's producer inflation accelerated in August as higher energy and non-ferrous metal prices pushed industrial costs higher, while weak domestic demand kept consumer inflation subdued. China's factory-gate inflation accelerated in August, with non-ferrous metal smelting and processing prices...
China’s 45Mt aluminium cap pushes producers overseas as global dominance grows
China’s aluminium industry is running close to its limits in 2026. As Shanghai aluminium prices near a three-month high, historically low raw material costs and strong smelter margins encourage producers to operate at maximum capacity. National aluminium output remains above Beijing’s...
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China's Jan-Nov primary aluminium output rises 2.5% YoY
In November alone, the national primary aluminium output also rose by 2.5 per cent from November 2024 to reach 3.79 million tonnes, the NBS data showed. However, the result was slightly lower by 0.2 per cent from October, Mysteel Global calculated based on official statistics. Demand from...
AL Circle x Patrice L’HUILLIER from Nimba Mining: "We are targeting China and India, which are the major bauxite consumers for alumina production”
Patrice L’HUILLIER is a seasoned mining & metals executive with more than 30 years’ global experience in project development & operations across the resources sector. He has led development, and operation of projects in France, Russia, Kazakhstan, Ukraine, Africa and Canada, with expertise across a...
Macro policy direction and low inventory support aluminium prices, potential trade friction risks limit upside room
Futures: SHFE aluminium closed at RMB 22,175 per tonne in the night session, up 0.82 per cent. The price stood above all major moving averages, with MA5 (22,174) and MA10 (22,168.5) forming a bullish alignment, indicating a strong short-term structure. The MACD dual lines were above the zero axis...
Energy market fault lines intensify in 2026 as AI, geopolitics and climate pressures converge
S&P Global Energy Horizons says the coming year will expose the strain within the world’s energy and sustainability systems, as governments and industries try to navigate rapid technological change, shifting geopolitical alliances and mounting climate risks. The report points to a world moving at...
Lithium market dynamics: Supply-demand tensions and evolving price trends amidst global and domestic shifts
Since November, driven by strong demand from the energy storage sector, downstream material manufacturers have been operating at historically high utilisation rates, leading to a widening monthly supply gap for lithium carbonate. Prices surged significantly, with futures rising from around RMB...
Mexico’s 50% tariff plan hits China, pressures India and draws US attention
Mexico has approved a major tariff overhaul that will raise duties on imports from China and several other Asian countries by about 50 per cent targeting a broad range of goods from metals to automobiles. The Senate backed the decision on Wednesday, supporting President Claudia Sheinbaum’s plan to...
China succeeds in 10-month tech revolution in critical mineral production
The partnership of French-Swiss firm IB2 and Shanxi Senze Energy Technology Group results in a breakthrough technology of converting low-grade bauxite into high-quality feedstock that can be applied in aluminium production. This innovation will not only revive exhausted bauxite mines but also...
MONTHLY: China's alumina surplus to persist in December
China's alumina supply surplus is unlikely to ease significantly in December, as domestic output has shown little sign of large-scale curtailment, according to Mysteel's latest monthly report on the key raw material for primary aluminium smelting. Indeed, demand from the primary smelter sector...
Interest rate cut expectations fail to offset off-season realities, aluminium prices' upside momentum at high levels remains limited
Futures: SHFE aluminium closed at RMB 21,960 per tonne in the night session, up a slight 0.18 per cent. Prices moved narrowly close to MA5 (21,959) and MA10 (21,958), with short-term moving averages flattening out, staying above MA60 (21,941.08), indicating a slightly stronger structure. The MACD...
SECO/WARWICK selected again by Chinese partner for advanced CAB line upgrade – Replacing legacy system with next-gen thermal technology
The SECO/WARWICK Group will carry out another project in China – this time delivering a complete, continuous controlled atmosphere brazing (CAB) line for the production facility of one of the leading suppliers of air conditioning and engine heat management components for vehicles. This is the...
Aluminium market in China heats up with a simultaneous export slump and price jump
China’s steel and aluminium sectors are moving in sharply different directions, with steel exports surging even as aluminium shipments decline. Steel mills, facing weak domestic demand from the flagging property sector and operating near Beijing’s informal output cap of 1.005 billion tonnes, have...
GACC: China's Nov coal imports plunge 20% y-o-y
Based on an import value of USD3.21 billion – down 35.3 per cent y-o-y but up 7.7 per cent M-O-M – Mysteel Global estimated the average import price at USD72.8per tonne, marking a 19.2 per cent decrease from November last year and a 2 per cent increase from October. The year-on-year drop was...
China wins the race against the US in aluminium recycling output, capacity and expansion
China and the United States have been vocal about shifting their focus to the recycled aluminium industry for quite some time. And why shouldn’t they? According to the International Aluminium Institute (IAI), rapid population and economic growth over the coming decades will push global aluminium...
Futures aluminium prices retreat, spot aluminium trading sentiment recovers
SHFE aluminium December contract fluctuated upward in the morning session, but the absolute price pulled back compared with the previous trading day. Market transaction sentiment recovered in East China, with downstream maintaining just-in-time procurement, while traders actively made purchases....
WEEKLY: China's alumina stocks rise above 5 million tonnes
The result marked a 1.3 per cent rise from the prior week and a 33.5 per cent jump from a year ago, setting a fresh record since the survey began in January 2022, Mysteel Global noted. The persistent inventory build-up was mainly driven by raw material replenishment by domestic primary aluminium...
Strong macro expectations continue to provide support, and aluminium prices' high resilience faces a test
Futures: SHFE aluminium 2601 night session closed at RMB 22,120 per tonne, down 0.11per cent, fluctuating rangebound overall. MA5 (22,117) and MA10 (22,113.50) formed short-term support, with the price currently above the moving average system; however, MACD (DIF 2.1396, DEA 1.3982) red bars...
Multiple constraints in play: Secondary aluminium alloy operating rate to slide in December
According to SMM survey statistics, the operating rate of the secondary aluminium industry in November 2025 rose 2.3 percentage points M-o-M to 46.3per cent, up 2.7 percentage points Y-o-Y. The drivers for the increase in the operating rate in November included: 1. Seasonal production recovery: The...
Alumina output nears the 143.3MT 2025 target, with a 2.58% rise expected in 2026
The story of alumina production in 2025 played out much the way analysts had expected, even if the year didn’t unfold in a straight line. Smelter-grade alumina production was projected at about 143.3 million tonnes, as per AL Circle report and by October the International Aluminium Institute had...
