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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iGA update: Bahrain's aluminium-driven imports surge 5% in November 2024
The Information & eGovernment Authority (iGA) of Bahrain has released its foreign trade report for November 2024, revealing a significant 5 per cent increase in non-oil imports. This growth, driven by strong demand for aluminium and other key materials, saw the total value of non-oil imports reach...
State Power Investment Aluminum and Qingaluminum achieve prestigious ISO and GB/T certifications
Recently, the State Power Investment Aluminum Power Company and Qingaluminum Co., Ltd. successfully received certification for their international and domestic compliance management systems. They were awarded the ISO 37301:2021 and GB/T 35770-2022 compliance management system certificates in areas...
China Aluminum Cans & Precious Dragon Technology extends partnership with 3-year agreement
Precious Dragon Technology Holdings Ltd. has signed a Master Supply Agreement with China Aluminum Cans Holdings Ltd. for a three-year term beginning in January 2025. This agreement extends their previous supply arrangement and is classified as a continuing connected transaction under the Listing...
Nigeria's aluminium alloy exports reach N682bn in 2024, with Japan & China leading the charge
Nigeria exported aluminium alloy worth N682 billion (441.45 million USD). between January and September 2024, according to an analysis of the Foreign Trade Statistics report from the National Bureau of Statistics. Labelled as unwrought aluminium alloys, the exports comprised ingots, blocks,...
China tightens grip on bauxite as demand for green energy minerals soars
China is bracing its position as a key player in the global minerals market, with a sharp focus on bauxite, a critical raw material for aluminium production. In the first nine months of last year alone, China's bauxite imports surged by 20 per cent, among other minerals, a judicious progress to...
C.S. Aluminium achieves ASI Performance Standard V3 recertification for its Kaohsiung facility
C.S. Aluminium Corporation (CSAC), one of Taiwan's largest rolled aluminium product manufacturers, has been successfully recertified with the ASI Performance Standard V3. The certification has been provided for producing aluminium plates, rolls, sheets, and foil at its Siaogang District, Kaohsiung,...
Alcoa's share value drastically falls over the years; what does 2025 hold for the global brand?
Alcoa's (NYSE: AA) share value has dropped nearly 60 per cent since March 2022, which was its all-time peak. During the same period, the S&P 500 index has increased by 33 per cent, yet this has not been enough to offset Alcoa's incredibly sharp decline compared to its peers. For instance, Century...
China announces construction of alumina refinery in Guinea after facing bauxite import blockage
Chinese enterprise State Power Investment Corp. (SPIC) sparked excitement at the beginning of the calendar year as it announced a heavy-duty alumina refinery to be established in Guinea. The newest project was announced after it successfully carried out bauxite production in the West African...
Press Metal is set to grow in 2025 buoyed by demand recovery from China and alumina supply ease
The New Year 2025 is expected to deliver strong financial and operational performance for Press Metal Aluminium Holdings Berhad, a Malaysia-based aluminium company with extensive global reach, thanks to the rising demand from China and reduced raw material costs due to increased alumina supply....
Aviation Materials plans to expand the layout of aluminium alloy products with RMB 60 million investment
Aviation Materials Co., Ltd. has announced a capital injection of RMB 60 million into Hexing Aviation Materials using its funds. Following the investment, the company’s shareholding in Hexing Aviation Materials is expected to reach 34.1655 per cent. Hexing Aviation Materials specialises in the...
2024 to 2025: Learn how the previous AL year influences the upcoming one
Recently, Shanghai Metals Market (SMM) proffered a critical piece where the aluminium industry sat across the table, witnessing its own SWOT analysis. 2024 has been an eventful year, and the industry insights indicate a similar trend for 2025. The entire aluminium value chain, from the raw...
China’s A00 aluminium ingot price expands to RMB19770/t; Alumina price falls by RMB14/t
The Shanghai Metals Market, on January 1, 2025, recorded a growth of RMB 70 per tonne to settle at RMB 19,770 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne. A00 aluminium ingot On the same day, the prices in...
Shareholders alert: Aluminium share updates, both domestic and international, might need your attention!
Aluminium trading prices have remained stable at INR 241.4 (US$2.82) in India as on December 30, 2024 and while the prices have not changed, key data indicates an underlying tension in the market due to supply and demand dynamics. According to the International Aluminium Institute (IAI), global...
China Aluminum Cans Holdings Ltd appoints new independent non-executive director
China Aluminum Cans Holdings Limited, an investment holding company that manufactures and sells aluminium aerosoal cans in Mainland China, Africa, and America, has reportedly announced the departure of Ms Guo Yang as an independent non-executive director, with effect from January 1, 2025. Ms Guo...
World alumina production grows 1.9% Y-o-Y during Jan-Nov 2024, partially affected by output curtail at Alcoa’s Kwinana refinery
Through the first eleven months of 2024, the world’s metallurgical-grade alumina production stood at 125.66 million tonnes, reflecting a year-on-year increase of 1.91 per cent from 123.304 million tonnes, according to the latest data revealed by the International Aluminium Institute (IAI)....
2024 concludes in Shanghai Metals Market eventfully! Find out which aluminium pricing went which way...
Shanghai Metals Market (SMM), on the last day of the year, has been super active in the stance of base metal—aluminium pricing. From raw material to primary ingot to secondary ingot, such fluctuations in pricing have been a rare incident in recent times. During the winters, a lot of smelters have...
Rethinking solar costs: Aluminium frames redefine PV industry margins
At the recent annual conference of the China Photovoltaic Industry Association (CPIA), a renewable energy analyst from a publicly traded securities company renowned for its excellent asset quality and innovative capabilities highlighted significant cost shifts in the solar industry. The event, held...
This time, China is decreasing tariffs on aluminium to enhance domestic trade
Import tariff reductions are an effective strategy to boost the domestic market, just as tariff hikes are often used to protect local industries. Recently, the Ministry of Finance of the People's Republic of China reduced import tariffs on ethane and specific recycled aluminium and copper raw...
