Mexico and Argentina take different AD actions on Chinese aluminium products
Mexico and Argentina are moving in different directions on aluminium imports from China. Mexico has imposed a new anti-dumping duty on aluminium bars, rods and profiles, while Argentina has dropped its existing anti-dumping order on certain aluminium tubes. Mexico has issued an anti-dumping duty...
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...
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Ore price pullback drives cost centre downward; Alumina and SHFE aluminium prices under pressure
Today, the most-traded SHFE aluminium 2505 contract opened at RMB 20,650 per tonne, with a high of RMB 20,770 per tonne, a low of RMB 20,570 per tonne, and closed at RMB 20,705 per tonne, up 0.27 per cent. Trading volume was 10,600 lots, and open interest was 240,000 lots. Image for...
Capesize bulker market soars as Chinese bauxite imports spike, claims industry executive
The depletion of China's bauxite production quality and Indonesia's export ban to prioritise its domestic processing resulted in an increasing dependence on Guinea's supply. Source: Orbitshub The rally in demand for capesize bulk carriers is expected to persist for at least another six weeks,...
China’s aluminium imports plunge, bauxite inflows surge, hinting a shift in trade strategy
China’s aluminium trade landscape saw stark contrasts in January 2025, as aluminium imports plummeted while bauxite imports soared. According to customs data, China’s imports of unwrought aluminium and aluminium products fell by 24.3 per cent year-on-year to 290,000 tonnes. In comparison, bauxite...
ASI certifies Kunshan Chaoqun Metal Products Co., Ltd against Performance Standard V3 with Provisional status
Kunshan Chaoqun Metal Products Co., Ltd has achieved ASI Performance Standard V3 (2022) with Provisional status for the production of aluminium alloy ingots and bars, with the processes of melting, refining, ingot die casting, casting bar casting, homogenisation and cutting, at their facility in...
After US, India now slaps China with an anti-dumping duty on aluminium foil exports
China is facing multiple duties on its aluminium exports from various countries. After facing a hefty tariff of 45 per cent from the United States, China is now targeted with a provisional anti-dumping duty ranging from USD 619 to USD 873 per tonne from India. The news came on Monday, March 17,...
Chinese aluminium firm gains EPS — stock pricings tell a different tale altogether
JiaoZuo WanFang Aluminum Manufacturing Co. Ltd (SZSE:000612) has experienced a 3.9 per cent decline in its stock price over the past week, raising concerns among its predominantly individual investors, who hold a concrete 52 per cent stake in the company. The company's ownership structure reveals...
Brussels may clamp down on aluminium imports in bid to stabilise sector
The Trump administration's recent tariff hike on metals imports has raised fresh concerns within Europe, as fears mount that subsidised aluminium could flood the EU market. A draft proposal from the European Commission reveals that Brussels is now weighing potential measures to curb rising...
Under the alumina surplus pattern, futures and spot price centre shift downward
Futures Market: In the overnight session, the most-traded alumina 2505 futures contract opened at RMB 3,110 per tonne, reached a high of RMB 3,125 per tonne, a low of RMB 3,103 per tonne, and closed at RMB 3,119 per tonne, up 0.29 per cent. Open interest stood at 217,000 lots, an increase of 398...
Donald Trump reminds no exemptions to be granted from reciprocal tariffs on April 2
A reminder from President Donald Trump on Sunday, March 16: no exemptions will be granted to countries that have imposed counter-tariffs on the United States. As previously announced by the President, Canada, Mexico, Brazil, South Korea, and the European Union would face reciprocal duties starting...
Improved profitability contributes generously to China’s aluminium production hike
According to the National Bureau of Statistics, China’s aggregated aluminium production through January and February 2025 amounted to 7.32 million tonnes, reflecting about 3 per cent growth year-on-year from 7.1 million tonnes. The higher Y-o-Y output could be attributed to the improved...
Li Auto scores 16.6% YoY growth in 2024 annual revenue
Li Auto, a leading player in China's new energy vehicle market, has released its unaudited financial results for the fourth quarter (Q4) and full year ended December 31, 2024. image for referential purposes only The company posted total revenue of RMB44.3 billion in Q4 2024, marking a 6.1 per cent...
ASI certifies Lizhong Group against Performance Standard V3
Lizhong Group has achieved ASI Performance Standard V3 (2022) Certification for the production of aluminium alloy ingots and cast aluminium alloy liquid at their Guangdong Longda Aluminum Industry Co., Ltd. facility in Guangdong Province, China. Aluminium Stewardship Initiative (ASI) today...
Weekly alumina operating rate declines, domestic spot alumina prices continue to fall
Futures market: In the night session, the most-traded alumina 2505 contract opened at RMB 3,137 per tonne, with a high of RMB 3,147 per tonne and a low of RMB 3,121 per tonne, finally closing at RMB 3,125 per tonne, down RMB 22 per tonne or 0.69 per cent. Open interest stood at 217,000 lots. Ore...
Here’s how China has responded to Donald Trump’s latest 25% tariffs on aluminium and steel imports
On Wednesday, March 12, Donald Trump's global tariffs on aluminium and steel took effect. Nearly all the United States' trade allies have faced a 25 per cent tariff on aluminium exports, except China. It is the only country whose aluminium and steel products are subject to higher tariffs, with a...
The central bank stated that it would seize the opportunity to implement RRR cuts and interest rate cuts, focusing on the release of end-use demand
Futures Market: Overnight, the most-traded SHFE aluminium 2505 contract opened at RMB 20,945 per tonne, hitting a high of RMB 21,035 per tonne and a low of RMB 20,875 per tonne, before closing at RMB 21,020 per tonne, up RMB 35 per tonne or 0.17 per cent. On Thursday, LME aluminium opened at USD...
From metal mogul to mastermind: Trader’s $1 billion aluminium scam ends in life sentence
The aluminium trade scammer involved in the metal inventory fraudulence in China that havocked more than USD 1 billion in losses nationwide businesses has been sentenced to life imprisonment by a judicial court in the eastern province of Zhejiang. Image for representational purposes only Chen Xi,...
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Good news is on the horizon for China's domestic aluminium smelters, as they are poised to see higher profits due to two contrasting sequences – 1) a drop in alumina prices and 2) an increase in primary aluminium prices driven by increased demand in the solar energy and automobile sectors....
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Today, the most-traded SHFE aluminium 2504 contract opened at RMB 20,905 per tonne, with a high of RMB 20,925 per tonne, a low of RMB 20,615 per tonne, and closed at RMB 20,845 per tonne, down 0.12 per cent. Trading volume was 17 lots, and open interest was 172,000 lots. SMM Comments: On the macro...
