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 Hongqiao Group’s Chairman named among 2024's "25 Influential Business Leaders" by China Entrepreneur
The 2024 (22nd) China Business Leaders Annual Conference, hosted by China Entrepreneur magazine, took place in Beijing. Among the distinguished speakers, Zhang Bo, Chairman and CEO of China Hongqiao Group, delivered the opening keynote speech. In recognition of his leadership and impact, Zhang Bo...
Why is the world scrambling for aluminium's building block? Let's dig deep into the geopolitical scenario…
The World Bank identified aluminium as the 'high-impact, cross-cutting metal'. As a result, today's world intensely competes over securing bauxite ore, the raw material used to produce aluminium. "I read... that every clay bank was a mine of aluminium and that the metal was as costly as silver. I...
Increased tariffs under Section 301 on China impact the United States Q3 aluminium plates, sheets and bars imports
The United States imports of aluminium plates, sheets and bars stood below 100,000 tonnes for the two consecutive months in the third quarter of 2024, resulting in a dip in the total import volume through Q3. According to the US Geological Survey, the imports of aluminium plates, sheets and bars...
China’s A00 aluminium ingot price shrinks by RMB100/t overnight on muted demand; Input costs record no change
After two consecutive days of hikes, China's domestic A00 aluminium ingot price has slipped by RMB 100 per tonne to reach RMB 20,320 per tonne on Friday, December 13. Thus, the price has edged a week-on-week decline of RMB 80 per tonne or 0.39 per cent from RMB 20,400 per tonne, primarily due to...
Base metals prices on LME show negative trends, stocks witness mixed movements
Base metals prices on the London Metal Exchange (LME) showed negative trends, except for nickel, which increased by 0.91 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses witnessed mixed movements, with zinc stocks decreasing by 0.76 per cent d-o-d. Aluminium prices declined due...
SMM A00 aluminium ingot price remains range-bound with a growth of RMB40/t; Imported input costs decline
According to the Shanghai Metals Market survey, China's A00 aluminium ingot price has gained RMB 40 per tonne to reach RMB 20,420 per tonne on Thursday, December 12. Since the beginning of the week, China's domestic aluminium ingot prices have moved within a fixed range, hovering between RMB...
Surge in export orders to avoid increased costs from December 1 leads to steady aluminium billet output in Nov’24
In November 2024, just ahead of the cancellation of the aluminium semis export tax rebate on December 1, overseas orders for Chinese extruded aluminium products surged, driving some billet enterprises to increase operations. Therefore, despite one less operating day in November than October,...
SMM: Alumina and aluminium ingot pricing gain value on Wednesday market
On Wednesday, December 11, the average price of a00 primary aluminium ingot in the Shanghai Metals Market (SMM) increased by RMB 30 and stood at RMB 20,380 per tonne with a range of RMB 20,360 to 20,400 per tonne. The average pricing of the primary metal ingot has witnessed a depletion of 5.2 per...
Indian aluminium industry: Is the fight for higher import duties justified?
The Indian aluminium industry has been encountering challenges in recent times, principally due to the surge in competitively priced imports from countries like China. The industry has been advocating for higher import duties to level the playing field and protect domestic producers. But is it at...
Environment protection controls requiring production cuts lead to China's reduced aluminium output in November 2024
According to the Shanghai Metals Market survey, China’s domestic aluminium production destabilised in November 2024 (30 calendar days), recording a month-on-month downfall of 3.21 per cent, attributed to environment protection-related controls requiring production cuts during the dry season. In...
China is nearing the year-end with higher alumina production each month. November is no exception
China’s metallurgical-grade alumina production continued to grow in November 2024, driven by expanded capacity. As of December 6, China’s metallurgical-grade alumina capacity stood at about 103.02 million tonnes, up by 0.31 per cent from 102.7 million tonnes in the previous month. Image Source:...
Upstream aluminium recap: China’s ingot price stabilises this week; SMM’s take on export tax rebate cancellation stands out
The final month of 2024 began this week, marking several key events in the upstream aluminium sector. A few of them are critical minerals export ban by China to the United States, projections by the Australian Securities Exchange Limited (ASX) suggesting a return of bauxite stocks to IPOs, and the...
Red mud generation trend across major countries, 2018 to 2023
Bauxite residue, commonly known as red mud, is a highly alkaline by-product generated during the Bayer process of alumina extraction from bauxite ore. With global alumina production steadily increasing to meet the demands of various industries, the volume of red mud produced has surged...
Apple and Tsinghua collabs to optimise revolutionising aluminium production through low-carbon recycling
In 2022, Apple and Tsinghua University introduced the ‘Carbon Neutral Capacity Improvement Project’ to train younger pupils on environmental protection and low-carbon transformation. Carbon neutrality is a vast and convoluted system inclusive of pivotal technologies, engineering, systems, and...
Canadian tariffs on Chinese aluminium, steel and EVs expected to generate millions in revenue
Canada’s Parliamentary Budget Officer (PBO), Yves Giroux, estimates that federal revenues will rise by $473 million over five years due to tariffs on Chinese electric vehicles, aluminium, and steel. In October, the federal government implemented a 100 per cent tariff on Chinese-made electric...
SMM: Aluminium ingot prices stabilise after a volatile week, provinces show mixed movements
As the first week of the last month concludes, the price of primary and secondary aluminium ingots in the Shanghai Metals Market (SMM) stretches towards stability despite the week-long ups and downs. On Thursday, December 6, the price of a00 primary aluminium ingot was listed within a range of RMB...
China’s aluminium foil exports grow in October; Uptick to continue to avoid increased costs for export tax rebate cancellation
Based on China Customs data, the Shanghai Metals Market reported the country’s aluminium foil exports in October 2024 saw a month-on-month increase of 8 per cent and a year-on-year hike of 27 per cent, totalling 134,200 tonnes. The average cost of China’s aluminium foil export was $3,625 per tonne...
Aluminum Extruders Council (AEC) applauds U.S. Customs and Border Protection (CBP) for forced labour determination on Kingtom Aluminio S.R.L.
The Aluminum Extruders Council (AEC) commends U.S. Customs and Border Protection (CBP) for its decisive action in issuing a forced labour finding against Kingtom Aluminio S.R.L. (“Kingtom”). Following a thorough investigation, CBP determined that aluminium extrusions, profile products and...
