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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Lizhong Group & subsidiaries signs 10-year long contract for aluminium alloy wheel production
On October 8th, Lizhong Group announced that its subsidiaries—Xintai Wheel, Mexico Lizhong, and Baoding Lizhong—have secured fixed-point contracts for aluminium alloy wheel projects with two major customers. The project with Customer 1 is anticipated to begin mass production in early 2025 and will...
Kodak's call for tariffs answered: US to impose hefty duties on imported aluminium printing plates
The United States International Trade Commission (USITC) has confirmed significant tariffs on imported aluminium printing plates from China and Japan, responding to concerns that unfairly low-priced imports are harming the lone remaining US producer, Kodak. The tariffs are expected to impact around...
Gränges completes strategic acquisition of Shandong Innovation Group in China
On October 25, 2024, Gränges announced the completion of a strategic acquisition in China, marking a milestone in its expansion and strengthening its footprint in Asia’s burgeoning electrification market. Agreed initially upon in May 2024 with Shandong Innovation Group (SIG), this acquisition...
Top 5 companies leading aluminium foil production in China
From food & beverage, pharmaceutical, and cosmetics packaging to industrial applications such as insulation in the electrical and aerospace industries or vehicle components, aluminium foil is one product in many roles, meeting the needs of a broad spectrum of end-user industries. Thus, this thinly...
China eases restrictions on recycled aluminium, copper imports starting November 15, 2024
According to an announcement from the Ministry of Ecology and Environment (MEE), China will permit the import of recycled aluminium and copper materials that meet specified standards starting November 15, 2024. This move is part of China's broader efforts to drive the high-quality development of...
SMM alumina & ingot price sparks tension among traders — aluminium ingot pricing follows trend
As week four of October progresses, the price of alumina, too, advances towards touching RMB 5000 in the Shanghai Metals Market, which can be safely said to be the highest in the known time frame. On Thursday, October 24, alumina prices in the SMM market touched RMB 4,810 per tonne, whereas some of...
Shanxi Coking Coal Energy Group secures prospecting rights for major coal and bauxite reserves in Lvliang
Shanxi Coking Coal Energy Group Co., Ltd. has announced a major acquisition, securing prospecting rights for coal and bauxite resources in the city of Lvliang. The deal, valued at RMB 24.7 billion ($3.46 billion), represents a significant expansion of the company's resource portfolio. The...
Global primary aluminium production in Q3 bypasses September's downtrend, posting a 2.36% quarterly growth
In September 2024, primary aluminium production globally experienced a month-on-month fall, mirroring the trend seen across all the major primary metal-producing countries/regions. However, the monthly fall in September posed no impact on the growing trend through the third quarter of the year, as...
Momentum sustains in China’s domestic alumina price with over 50% rise Y-o-Y
Following supply disruptions due to unfavourable weather conditions, blockage on bauxite export from Guinea Alumina Corporation has led China’s domestic average alumina price to a new high at RMB 4,760 per tonne on October 23, found the Shanghai Metals Market. Over a day, the price has gained RMB...
German automakers 'Shouldn't Fear' China, says Scholz
In a bold statement at the inauguration of Mercedes-Benz's first battery recycling plant, Chancellor Olaf Scholz urged German automakers not to fear competition from China. Speaking on Monday, Scholz framed the investment as a key pillar of Germany's new industrial policy, aimed at strengthening...
Chinalco Qingdao Light Metal secures patent for its aluminium ash pre-treatment device
According to the China National Intellectual Property Administration, Chinalco Qingdao Light Metal Co., Ltd. has obtained a patent titled "A Lump Aluminum Ash Pretreatment Device," with the authorisation announcement number CN 221753487 U. The application was submitted in February 2024. The patent...
Sichuan Zhongfu factory celebrates the groundbreaking ceremony of its 20MW photovoltaic project
On September 26th, the groundbreaking ceremony of the much-awaited 20MW photovoltaic project was held at the Sichuan Zhongfu factory area. This ambitious project will utilise approximately 180,000 square meters of rooftop space from the Sichuan Zhongfu factory, with a total investment of around RMB...
China's alumina price instability vs aluminium production scene raises question about FY26 plans
Alumina's prices, without much surprise, follow the upward path of the price range on Tuesday, October 22. As disclosed by SMM, the average alumina price is RMB 4,698 per tonne, which is 56 per cent higher than last year's October 23 price (RMB 2998 per tonne). The Y-o-Y price leap has caused a...
Supply disruptions in Guinea weigh on China’s September bauxite imports, declining by 25.7% M-o-M
China’s bauxite imports in September 2024 fell 25.68 per cent month-on-month owing to supply disruptions from Guinea, first due to unfavourable weather conditions but now due to exports being blocked by Guinea’s customs authorities. According to China’s General Administration of Customs, China’s...
China Market week four opens with alumina hike; aluminium ingot joins in with M-o-M 4% surge
Alumina price on October 21 opened with the continual trend of an all-time high of RMB 4642 per tonne, with an increase of 7.8 per cent since last week. Apart from the recent incident of flood in Guinea, which affected the bauxite supply in China, the country's domestic supply has been humungously...
China Resources Recycling Group debuts with Chalco, Minmetals and Baowu as major shareholders
A new state-owned enterprise (SOE) in the People's Republic of China (PRC) called China Resources Recycling Group Co. Ltd. (CRRG) has been launched to create a national platform for recycling and reusing resources. The reports show three of CRRG's key shareholders are prominent metal producers: the...
China’s aluminium production in Sept’24 reflects 1.2% annual growth driven by higher profit margins
According to the National Bureau of Statistics, China's aluminium production in September grew year-on-year, driven by steady demand and profitable margins for producers. As per the data revealed, China, the world's largest producer of aluminium, churned out 3.65 million tonnes of light metal, up...
Jiayu New Materials hits 10,000 tonnes milestone in double-zero foil sales, exceeding targets
Jiayu New Materials Company has recently tackled numerous production challenges and, after extensive trials, successfully established a process route for producing high-performance double-zero foil blanks. A low pinhole rate and exceptional plate-type accuracy characterise these blanks. "Double...
