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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China’s alumina and primary aluminium prices continue to decline over the last weekend of 2024
It's a new week but not a new beginning! Both alumina and primary aluminium prices have continued to decline over the weekend, albeit at a lower rate than the previous day . According to the Shanghai Metals Market survey, the average alumina spot price has decreased by RMB 6 per tonne, compared to...
Weekend update: Chinese aluminium giant leads digital transformation with AI
Aluminum Corp of China (Chalco), a global leader in the sector, is spearheading a digital revolution in the nonferrous metals industry. The company recently announced a collaborative initiative to integrate advanced artificial intelligence (AI) into the industry's operational and production...
Zhongzhou Aluminum's new technology for thermal conductivity binders clears preliminary design review
On December 6, Zhongzhou Aluminum Industry convened a preliminary design review meeting for the industrialisation demonstration project focused on spherical aluminium hydroxide preparation technology. Image Source: Image Source: Anglo Pacific Minerals Henan Huahui Nonferrous Engineering Design Co.,...
Huanghe Xinye Co., Ltd obtains the second ASI Certification in one year for its smelting facility in Xining
Aluminium Stewardship Initiative has granted its Chain of Custody (CoC) Standard V2 (2022) Certification to Huanghe Xinye Co., Ltd, a wholly-owned subsidiary of Yellow River Upstream Hydropower Development Co., for the production of liquid aluminium and aluminium ingots at Xining City facility in...
China's secondary cast aluminium alloy capacity to grow by 1.32 million tonnes this year, exacerbating market oversupply
According to the Shanghai Metals Market, there are currently 41 new and under-construction secondary aluminium projects in China, with a combined capacity of 4.63 million tonnes. Of this total capacity, 44.28% (2.05 million tonnes) is dedicated to secondary cast aluminium alloys across 28 planned...
Gui Aluminum soars in rankings: Jumps 41 places to join the Top 100 Guizhou Manufacturers list in 2024
China's Gui Aluminum New Materials Co., Ltd. has unlocked a new milestone. The company has once again secured a spot in the top 100 Guizhou manufacturing enterprises in 2024. This achievement marked a remarkable climb of 41 places compared to its 2023 ranking. Image Source: Indiamart In recent...
ASI accredits Alutech Automotive Parts with the Performance Standard V3 (2022) certification
Aluminium Stewardship Initiative (ASI) announced that Suzhou Alutech Automotive Parts Co., Ltd. has achieved the ASI Performance Standard V3 (2022) certification, recognising its excellence in the design and manufacturing of brake and suspension components. This state-of-the-art facility features...
China’s primary aluminium imports demonstrate a rising trend annually through November 2024
Based on the General Administration of Customs data, the Shanghai Metals Market revealed that November primary aluminium imports were 13.8 per cent down month-on-month but 22.5 per cent up year-on-year. According to SMM, China’s imports of primary metal in November were 150,700 tonnes, which...
Base metals prices on LME show positive trends, stocks witness mixed movements
Base metals prices on the London Metal Exchange (LME) showed positive trends, with nickel increasing by 1.61 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses witnessed mixed trends, with zinc stocks decreasing by 1.32 per cent d-o-d. COMEX market update Copper prices on the COMEX...
November 2024: China’s unwrought aluminium alloy imports decline 8.8% Y-o-Y, while exports grow 28.6%
According to the Shanghai Metals Market survey, China’s unwrought aluminium alloy imports in November 2024 recorded a month-on-month decline of 11.6 per cent and a year-on-year fall of 8.8 per cent to reach 200,000 tonnes. The cumulative imports reached 1.1076 million tonnes, reflecting an annual...
World primary aluminium production poised to outstrip 2023 record, reaching 66.522 million tonnes by November 2024
Based on the latest data revealed by the International Aluminium Institute, the world's primary aluminium production is set to surpass the previous year's output, marking a new year's high. In December 2024, the world's primary aluminium output needs to achieve only above 4.194 tonnes to exceed the...
Aluminum Association outlines key policy priorities for incoming US administration and Congress
The Aluminum Association, which represents companies that produce around 70 per cent of the primary aluminum as well as downstream products shipped in North America, has released a new policy brief outlining strategic priorities for the incoming US administration and Congress. The brief, titled...
China’s alumina price slump on SMM indicates tight supply ease and subdued demand for winter heating season
Today, on December 19, the Shanghai Metals Market has indicated a drop in alumina and aluminium prices. Traditional off-season in China causing lessened demand for primary aluminium among the downstream industry is one of the major factors for sequential aluminium price fall, while production cuts...
November 2024: China’s unwrought aluminium and aluminium product imports see a double-digit fall Y-o-Y
In November 2024, China imported 280,000 tonnes of aluminium, including unwrought aluminium and aluminium products. The import volume reflected a double-digit fall, precisely 17.6 per cent, according to China customs data. Image Source: iStock Nonetheless, from January to November, the country’s...
Year-end delivery of backlog orders supports China’s aluminium wire and cable operating rate, bringing it 1.27% higher M-o-M
The comprehensive operating rate of China’s domestic aluminium wire and cable industry in November 2024 saw a month-on-month increase of 1.27 per cent and a year-on-year hike of 10.36 per cent, nearing 60 per cent. The operating rate increased without being impacted by temperature on power grid...
SMM reports gradual decline in aluminium prices across China amid broader market stagnation
As the week progresses, the price listing of aluminium dips lower on the graph in the Shanghai Metals Market (SMM). According to their Wednesday (December 18) listing, apart from alumina, majority of the commodities have either remained stagnant or lost value from their previous pricing. Image...
Aluminium wire rod consumption: Key trends and global growth drivers
Global aluminium wire rod consumption has risen steadily across the world. Aluminium's unique properties make it a key material in the electrical and electronics industries, enabling a wide range of applications. The global wire and cable market, valued at US$ 191.6 billion in 2022, is anticipated...
Dual Chinese facilities obtain ASI Chain of Custody Standard Certification for aluminium coil and sheet processing
Aluminium Stewardship Initiative has reportedly certified Sanyuan Aluminium Co., Ltd. against the Chain of Custody (CoC) Standard V2 (2022) Certification for its Zouping Xinsanyuan Aluminium Co., Ltd. and Shandong Longkou Sanyuan Aluminium Co., Ltd. facilities. Both facilities have certification...
