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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Canada announces tariff remission on aluminium, EV and steel import from China
Canadian enterprises can apply for a remission of the tariff on imported Electronic Vehicles (EVs), steel, and aluminium from China, the federal government announced on Friday. Canada will introduce tariff surcharges on aluminium and steel for Chinese enterprises on the finalised list of products...
China Nonferrous Metals Association sets new standard for green & low-carbon aluminium
To promote green aluminium consumption and advance the sustainable, low-carbon development of the aluminium industry, the China Nonferrous Metals Industry Association and the China Nonferrous Metals Society issued the group standard T/CNIA 0245-2024, titled "Evaluation and Traceability Guide for...
China’s economic stimulus reflects success in automobile production and sales, boosting aluminium consumption
Commercial revival in the Chinese market during September 2024, driven by the economic stimulus package, is mirrored in the robust growth in car sales, including battery-electric vehicles and plug-in electric cars. Enhanced vehicle trade-in policies have also had beneficial effects on domestic car...
China's alumina price gains another RMB51/t: Trend shows continual price surge
On October 18, Friday, the week has closed with a continuous upward price trend in alumina. As a matter of fact, most other aluminium commodities have seen a downward price except for alumina. Alumina has gained another RMB 51 per tonne, soaring to a new high of RMB 4607 (USD 647) per tonne. In the...
Shanxi Aluminum leads cost reduction efforts with enhanced R&D initiatives for its alumina production
Since the beginning of this year, Shanxi Aluminum Industry has consistently enhanced its technical management system and production standards for alumina. The company has aggressively pursued cost-reduction initiatives in research and development, leading to significant improvements in key...
China Nonferrous Metals Society applauds Shenyang Aluminum and Magnesium Institute’s breakthrough achievements
The China Nonferrous Metals Society recently held an evaluation meeting on scientific and technological advancements in Beijing, where experts unanimously recognised two breakthrough achievements by the Shenyang Aluminum and Magnesium Institute. These include the "Full Cycle Optimisation Technology...
China’s September aluminium output aligns with SMM forecast, showing a monthly dip but a positive near-term outlook
In September 2024, China's aluminium production increased by 1.45% compared to the previous year, aligning with the expected figures from the Shanghai Metal Market. The operation resumption in Sichuan and Guizhou after technical upgrades boosted the production on a year-on-year basis. However, on a...
China’s alumina price heightens by RMB101/t; A00 aluminium ingot price loses RMB140/t
On Wednesday, October 16, the average alumina spot price has skyrocketed by RMB 101 per tonne to settle at RMB 4,499 per tonne. As per the data, the alumina prices in Shandong, Guangxi and Shanxi have gained RMB 100 per tonne to clock at RMB 4,475 per tonne, RMB 4,435 per tonne and RMB 4,575 per...
EU tariffs will drive Chinese EV production to Europe, escalating overcapacity crisis: Stellantis CEO
On October 14, 2024, Stellantis CEO Tavares stated that the European Union's decision to impose tariffs on Chinese-made electric vehicles (EVs) is expected to accelerate plant closures across Europe. He warned that these duties would likely drive Chinese automakers to establish manufacturing...
SMM alumina price surges by RMB94/t owing to supply chain crisis; Australian alumina FOB price skyrockets to US$642/t
According to the Shanghai Metals Market (SMM), the average alumina spot price has surged significantly by RMB 94 per tonne to clock at RMB 4,398 per tonne. The prices have grown in most provinces, with the highest in Shandong and Shanxi, where it has skyrocketed by RMB 100 per tonne to settle at...
U.S. Commerce Dept. confirms 14 countries guilty of dumping aluminium extrusions, levies up to 376.85% tariffs
The United States Department of Commerce has reportedly issued final determinations against fourteen countries involved in dumping aluminium extrusions and selling them at less than legitimate value in the US market. China, Colombia, Ecuador, India, Indonesia, Italy, Malaysia, Mexico, South Korea,...
China’s alumina production in September retreats, standing below 7 million tonnes
In September 2024, China’s monthly production of metallurgical-grade alumina retreated from its peak by losing 4.27 per cent month-on-month. However, on a year-on-year basis, the output in September increased by 2.69 per cent from 6.732 million tonnes. Based on the above data provided by the...
SMM alumina price opens the week with a surge of RMB63/t; A00 aluminium ingot price adds RMB40/t
On Monday, October 14, the average alumina spot price in China opened the week with a surge of RMB 63 per tonne to halt at RMB 4,304 per tonne. W-o-W, the alumina price had grown by RMB 196 per tonne from RMB 4,108 per tonne. As of today, the prices in regions like Shanxi and Shandong have gained...
Taiwan-origin carbon-coated aluminium foil launches as an alternative to Chinese products
At the Battery Show in Detroit, Michigan, in the United States, Sino Applied Technology (SiAT) and C.S. Aluminium Corporation (CSAC), the two Taiwan companies, have jointly unveiled the test results of a carbon-coated aluminium foil collector designed to enhance battery performance and durability....
Global alumina markets tighten as Guinea bauxite export disruption looms
Alumina futures on the Shanghai Futures Exchange soared to a new record, driven by bauxite supply disruptions from Guinea and sustained demand from China. On Friday, alumina prices surged by as much as 6.4 per cent, reaching RMB 4,630 ($655) per tonne on the Shanghai Futures Exchange, marking the...
China’s alumina price surges by 7.55% M-o-M, arriving at RMB4241; A00 aluminium ingot price hikes by RMB190/t
On Friday, October 11, the average alumina spot price in China hiked by RMB 27 per tonne to settle at RMB 4,241 per tonne. As per the Shanghai Metals Market (SMM) price analysis, the alumina price on a M-o-M surged by RMB 298 per tonne or 7.55 per cent. As of today, the prices have grown in most of...
Zouping Hongfa Aluminum sets benchmark with Resource Recycling Product Evaluation Certificate
Zouping Hongfa Aluminum Technology has bagged the first-ever Resource Recycling Product Evaluation Certificate in China's aluminium deep processing industry. Over the past year, with support from the enterprise management department, Zouping Hongfa Aluminum Technology conducted an extensive...
China’s alumina spot price mounts over RMB4200/t following a significant gain of RMB44/t
China's non-ferrous metal market has seen a historical price movement of the average alumina spot price as it has leapt by RMB 44 per tonne overnight to exceed RMB 4,200 per tonne. According to the Shanghai Metals Market, China's domestic alumina price clocked at RMB 4,214 per tonne on Thursday,...
