Low inventory supports aluminium prices to consolidate at highs; Peak season recovery pace awaits verification
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
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...
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Active trading in East China as spot discounts narrow significantly: SMM
This morning, the SHFE aluminium front-month contract fluctuated. On the fundamentals, aluminium ingot social inventory shifted to an inventory buildup, while inventory in Wuxi continued to decline. Market buying sentiment improved, spot discounts narrowed, and trading was active. Specifically,...
Bauxite Import Analysis: Non-mainstream ore monthly import volume hits a five-year high again; imported ore volume rebounds 36.7% m-o-m
According to the General Administration of Customs of China, China imported 14.976 million mt of bauxite in December 2024, up 21.9 per cent M-o-M and up 26.2 per cent Y-o-Y. From January to December 2024, China’s cumulative bauxite imports reached 158.767 million mt, up 12.3 per cent Y-o-Y. AI...
Alumina review 2024: Multiple bullish factors resonated, spot alumina prices rose by over 80%
In 2024, the domestic alumina market experienced frequent disruptions. The supply gap of bauxite limited the increase in domestic alumina capacity, overseas alumina production cuts occurred, and the resumption of aluminium production in Yunnan was earlier than expected. During the dry season, no...
Destocking against the trend: Is the surge in aluminium prices inevitable or accidental?
The recent counter-seasonal destocking of domestic aluminium ingots seems to be consistently reflected in the SHFE aluminium futures market. According to SMM statistics, as of January 16, 2025, the social inventory of domestic aluminium ingots stood at 440,000 tonnes, with 314,000 tonnes of...
Ashapura Minechem subsidiary signs long-term MoU with China Railway for Guinea bauxite development
On January 17, 2025, the India-headquartered Ashapura Minechem Ltd, a leading bauxite exporter, announced that its overseas subsidiary had signed a long-term memorandum of understanding (MoU) with China Railway. The agreement establishes a strategic partnership to collaboratively develop the...
Chinese New Year approaching: Aluminium downstream operating rate drops sharply due to holiday impact
This week, the operating rate of leading domestic aluminium downstream processing enterprises continued to decline, down 2.9 percentage points W-o-W to 57.4 per cent. By segment, only the primary aluminium alloy sector maintained its previous operating rate, supported by the liquid aluminium...
Spot alumina prices accelerate decline; Bauxite suppliers' quotations pull back to some extent
Since mid-to-late October 2024, imported bauxite prices have accelerated their rise, with bulk transaction prices surging from US$75-77 per tonne to a peak of US$128-130 per tonne. However, recently, spot alumina prices have accelerated their decline. As of this Thursday, aluminium smelters in...
Aluminium scrap prices generally rose as suppliers gradually took holidays
Today, spot primary aluminium rose by RMB 140 per tonne compared to the previous trading day, with SMM A00 spot price closing at RMB 20,340 per tonne. Aluminium scrap market quotations mainly followed the upward trend. In the short term, the fundamentals remain tight on the supply side, and reverse...
Indian aluminium shares grow 2-3% on three major global events, including EU’s 16th sanctions package
On Thursday, January 16, the three musketeers of the Indian aluminium industry - Vedanta Limited, National Aluminium Company (NALCO), and Hindalco Industries Limited saw a 2 to 3 per cent gain in their intraday stock prices. The contributing factor was the increased aluminium prices to $2,606 per...
Increased low-priced transactions domestically and internationally, alumina prices are expected to decline in the short term
[ SMM Morning Comment on Alumina: Increased Low-Price Transactions Domestically and Internationally, Short-Term Alumina Prices Expected to Decline] : Recently, the weekly operating rate of alumina has continued to increase slightly, with no significant changes on the demand side. Low-price spot...
Steady growth & quality focus propel Yulin New Materials to new heights with 28.27% revenue surge
Yulin New Materials Group has reported significant progress this year, prioritising high-end differentiation in the aluminium industry while emphasising steady growth, enhanced quality and efficiency. The company has made consistent advancements in production and operations, achieving remarkable...
First transmission successful: Baotou Aluminum’s Damaoqi new energy project unlocks new milestone
The Damaoqi Project Department of Baotou Aluminum Industry recently achieved a significant milestone. The 220kV booster station of the No. 2 Scenery Power Station was successfully commissioned in a single attempt. By the next few days, the station had successfully energised two main transformers...
China's prebaked anode production slightly declined in December 2024, overall demand remained stable
According to SMM survey estimates, China's prebaked anode production in December 2024 was 1.9382 million tonnes, up 4.81 per cent Y-o-Y and down 0.17 per cent M-o-M. Among this, supporting prebaked anode production was 866,500 tonnes, and commercial prebaked anode production was 1.0717 million...
Aluminium’s quantum future: Single-photon detection reaches new heights
In quantum computing, single photons often serve as carriers of information, which are detected by superconducting nanostrip single-photon detectors (SNSPDs). While traditional type-I superconductors could potentially integrate more seamlessly into existing quantum computing architectures compared...
Overview of China's primary aluminium production in December 2024 and forecast for January 2025
According to SMM statistics, China's aluminum production in December 2024 (31 days) increased by 4.13 per cent YoY, with cumulative production from January to December up 3.89 per cent Y-o-Y. In December, multiple aluminum smelters in Sichuan and Guangxi reduced production. Specifically, in...
Top 5 downstream aluminium projects of 2024 to redefine the value-added product industry
The ever-increasing demand for value-added aluminium products has left no nook of the world untouched for new projects. From India to China to the United Kingdom, aluminium product manufacturing plants have cropped up in many parts of the world. While some manufacturers have expanded their...
Boao 2024: Chalco and Yunnan Aluminium bags the Science & Technology Award for emission reduction
In 2024, the 4th Carbon Neutralisation Boao Conference occurred in Boao, Hainan. Among over 300 participating enterprises, Chalco and its subsidiary, Yunnan Aluminium, distinguished themselves by earning the prestigious "Science and Technology Progress Award for Energy Saving and Emission...
Overview of China's alumina production in December 2024 and forecast for January 2025
According to SMM data, China's metallurgical-grade alumina production in December 2024 (31 days) increased by 1.67 per cent M-o-M and 9.80 per cent Y-o-Y. As of December 31, China's metallurgical-grade alumina existing capacity was approximately 103.02 million tonnes, with actual operating capacity...
