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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President-elect Donald Trump reaffirms tariff plans on social media, targeting aluminium and steel industries
On Monday, November 25, US President-elect Donald Trump reiterated his tariff plans on social media, including a 25 per cent duty on all imports from Mexico and Canada. According to Citibank analysts, the tariff on Mexico and Canada would affect the global commodity market, but the maximum impact...
China’s A00 aluminium ingot price loses RMB60/t; Alumina price stands at RMB 5717/t
On Wednesday, November 27, China’s A00 aluminium ingot price has dropped by RMB 60 per tonne to settle at RMB 20,540 per tonne with the average prices standing between RMB 20,520 per tonne and RMB 20,560 per tonne. The prices have fallen in all the provinces, with the highest in Linyi, where it has...
Baise Guangtou Yinhai Aluminum bags the prestigious spot in Guangxi’s 2024 Intelligent Manufacturing Benchmark List
The Department of Industry and Information Technology of Guangxi Zhuang Autonomous Region recently unveiled the list of 2024 Guangxi Intelligent Manufacturing Benchmark Enterprises, Intelligent Factory Demonstration Enterprises, and Digital Workshops. Through continuous technological innovation and...
China doubles down on export growth, defying global pressure over subsidised goods
Despite mounting global resistance to its surging shipments of low-cost goods, China has pledged to increase support for exporting companies. Beijing's new policies aim to sustain its export boom, which is on track to reach record levels, even as trading partners accuse it of undercutting local...
World primary aluminium production recovers in October 2024 to a new high
The world’s primary aluminium production regained momentum in October 2024 after an intermittent decline of 3.19 per cent in the previous month. Owing to the increase across all the major primary aluminium-producing regions, the world’s output reached a new high in October, exceeding all the...
Minfa Aluminum plans to expand its market reach with new venture in Gansu
On October 24, Minfa Aluminum announced its plan to establish Gansu Minfa Aluminum Co., Ltd., aimed at advancing its strategic development and broadening its market presence. The new company will be jointly funded by Minfa Aluminum and Gansu Zhongsheng Aluminum Co., Ltd., pending approval and...
China’s alumina price grows to RMB5691/t; A00 aluminium ingot price loses RMB90/t
According to the Shanghai Metals Market (SMM) on Friday, November 22, the price of alumina has added RMB 18 per tonne to settle at RMB 5,691 per tonne. On the same day, the prices in Shanxi, Henan and Shandong have grown by RMB 25 per tonne and RMB 20 per tonne to settle at RMB 5,750 per tonne, RMB...
Alumina price hike ratio takes a step back; aluminium extrusion export drop potent to lead ingot price drop
Alumina prices are still on the rise in the Shanghai Metals Market (SMM). But, after a long wait, the price hike rate has decreased in the past couple of days, sparking hope among aluminium industrial manufacturers, traders and suppliers. Image Source: https://www.britannica.com/ Alumina pricing:...
Kobelco Group’s automotive aluminium alloy plate and strip facility bags ASI CoC Certification
Kobelco Automotive Aluminum Rolled Products (China) Co., Ltd, a facility of Kobelco Group, has obtained Chain of Custody (CoC) Standard V2 (2022) Certification from the Aluminium Stewardship Initiative for the production and sale of thin automobile aluminium alloy plate and strip. Image Source:...
SMM alumina price sustains its growth trajectory, arriving at RMB5659/t; A00 aluminium ingot price falls by 0.23% W-o-W
On Wednesday, November 20, the average alumina spot price in China has ascended by RMB 13 per tonne to settle at RMB 5,659 per tonne. The alumina price has continued its growth trajectory since September. The prices of Lianyungang and Bayuquan have surged by RMB 50 per tonne to peg at RMB 6,050 per...
Beijing slashes tax rebates, exporters pass costs to buyers
Industry insiders revealed that Chinese exporters in diverse sectors, including aluminium products, used cooking oil (UCO), and solar power equipment, are preparing to hike prices and renegotiate contracts following Beijing's decision to cut tax incentives. The policy change, announced on November...
October 2024: Transition phase to off-season results in decreased billet production in China
China's primary aluminium billet output in October 2024 retreated from its previous month's high as many billet manufacturers reduced their production pace due to several unfavourable factors like high selling prices, lower processing fees, and sluggish downstream demand. Usually, October is a...
China’s tax policy reforms propel mining gains; USD strength could pose risks
Mining giants saw a strong start to the week, the 47th week of the year 2024, buoyed by China's decision to eliminate the 13 per cent tax rebate on aluminium and copper semi-finished products exports. The policy change, announced on November 15, 2024, triggered a surge of over 7 per cent in London...
China’s alumina price expands by 22.55% M-o-M, arriving at RMB5646/t; A00 aluminium ingot price adds RMB10/t
According to the Shanghai Metals Market (SMM) analysis, the average alumina spot price has hiked by RMB 24 per tonne to settle at RMB 5,646 per tonne. W-o-W, the price has grown by RMB 156 per tonne or 2.84 per cent, and M-o-M the alumina price has shown a surge of RMB 1,039 per tonne or 22.55 per...
65 years of Guinea-China partnership: CDM's role in revolutionising mining and driving sustainable development
Guinea and China celebrated a historic milestone on October 4, 2024, as they commemorated 65 years of the reestablishment of their diplomatic relations. This enduring partnership, a cornerstone in sub-Saharan Africa, has thrived through collaboration in critical sectors such as education, health,...
NALCO, Hindalco, Vedanta experience share surges following China’s decision to revoke export tax rebates: Know why?
China’s decision to revoke tax rebates on aluminium has caused two opposite reactions in the global market. On the one hand, it has brought a frown to global downstream producers and end-user manufacturers in anticipation of a limited supply of metal and higher prices; on the other, it has brought...
SMM alumina price opens the week with a growth of RMB22/t; Australian alumina FOB price rises by US$37/t
On Monday, November 18, the average alumina spot price in China has marked a hike of RMB 22 per tonne to settle at RMB 5,622 per tonne, reflecting a Y-o-Y surge of RMB 2,624 per tonne or 87.52 per cent from RMB 2,998 per tonne. Image Source: Tradeindia As per the Shanghai Metals Market (SMM) data,...
Chinalco together with Dalian Liaonan Shipyard unveils joint innovation centre for ship equipment
On October 25th, under the strategic initiatives of "becoming a maritime power" and "cultivating and developing new quality productivity," Chinalco Academy of Sciences (Future Research Institute), Chinalco Institute of Materials, and Dalian Liaonan Shipyard collaboratively established the Joint...
