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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NBS shows the highest growth in China’s monthly aluminium production for August 2024
According to the National Bureau of Statistics (NBS), China’s aluminium production in August 2024 stood firm, marking an annual growth of 2.5 per cent. Attributed to solid profits due to increased aluminium prices, smelters in the domestic market scaled up their production to 3.73 million tonnes...
Back-to-back growth in LME aluminium price brings it about 5% higher M-o-M; SHFE is closed for mid-autumn holiday
On Friday, September 13, the LME aluminium benchmark price continued to grow for the fourth day in a row and exceeded the US$2,400 per tonne level. The LME graph movement suggests the LME aluminium cash bid price and LME aluminium official settlement price increased by US$14 per tonne and US$14.50...
Upstream weekly recap: Unprecedented alumina price growth is transforming market dynamics; China bauxite imports reach a new high
Currently, if anything is grabbing the maximum attention in the upstream aluminium sector, it is the unprecedented price surge in China's alumina prices. Both domestic and imported prices have skyrocketed over the week, transforming the market dynamics and raising concerns among primary aluminium...
China’s primary aluminium production remains stable in August’24, exceeding previous record high
China's primary aluminium production and supply remained stable in August 2024 without being affected by power shortages in Sichuan, found the Shanghai Metals Market survey. According to SMM data, China's primary aluminium production in August marginally grew month-on-month from the previous...
China’s average alumina spot price records a Y-o-Y surge of more than RMB1000/t, transforming the market dynamics
According to the Shanghai Metals Market, China’s domestic average alumina spot price has further increased for the fourth consecutive day towards the RMB 4,000 per tonne level. As of September 13, the price stands at RMB 3,968 per tonne, accumulating RMB 11 per tonne overnight and marking...
China’s bauxite imports soar to a record high, buoyed by 14.6% hike in Guinea’s supply
According to the General Administration of Customs, China's bauxite imports reached a historically high level for July 2024, with a month-on-month increase of 12.49 per cent and a year-on-year hike of 16.50 per cent. The import volume stood at 15.0007 million tonnes in July, compared to 13.3348...
China’s domestic and imported alumina prices reach a new high, driving A00 aluminium ingot price above the RMB19500/t level
According to the Shanghai Metals Markets survey, China’s average alumina spot price has heightened by RMB14 per tonne on Thursday, September 12, marking the third consecutive day of rise extending relentless growth since August 20. From August 20 to September 12, China’s average alumina price has...
Cost-effective solar cells: Yangzhou University in China reduces silver use with aluminium paste
China's Yangzhou University researchers have developed a solar cell using tunnel oxide passivated contact (TOPCon) technology. This innovation significantly cuts costs by replacing the traditionally expensive silver paste with a screen-printed aluminium (Al) paste. A spokesperson from the research...
Baise Yinhai Aluminum earns the prestigious "Green Factory" title for its carbon reduction efforts
China-based Baise Yinhai Aluminum was recently honoured with the "Green Factory" title by the Department of Industry and Information Technology of Guangxi Autonomous Region. In recent years, Baise Yinhai Aluminum has been at the forefront of promoting the "green electricity melting aluminium"...
Countdown to winter: Xinjiang aluminium smelters delay alumina stockpiling amid price surge
One regular feature of the primary aluminium group in China is the preparation for winter. If your aluminium smelter is a thousand miles from anywhere, such as those in places like Xinjiang, you want to make sure you are well covered in terms of alumina supply. Those plants rely on alumina coming...
China’s A00 Aluminium ingot price remains stable at RMB 19,340/t; Alumina price hikes by RMB 1/t
According to the Shanghai Metal Market, alumina prices have again surged by RMB 1 per tonne, reaching RMB 3,943 per tonne. The increase is even higher in the Shandong region, with prices up by RMB 5 per tonne. This brings the average price to RMB 3935 per tonne, fluctuating between RMB 3900 per...
AL Circle launches its 26th e-Magazine, "Aluminium Industry: Focus Asia"
We are thrilled to announce the launch of the 26 th edition of AL Circle's e-Magazine, titled " Aluminium Industry: Focus Asia ." In this edition, we dive deep into one of the fastest-growing and most dynamic regions in the global aluminium sector: Asia. This issue brings together expert insights,...
China’s domestic alumina price reaches a new high in two years; A00 aluminium ingot price gains RMB180/t
According to the Shanghai Metals Market (SMM), China’s average alumina price has again gained RMB 4 per tonne after the three consecutive days of restraint. With the latest rise, the price has reached a new high in two years at RMB 3,942 per tonne, marking a week-on-week increase of RMB 10 per...
LME aluminium price dwindles by US$50/t; SHFE price declines by US$22/t
On Monday, LME aluminium opened at US$2,344.5 per tonne, reached a high of US$2,365 per tonne and a low of US$2,326.5 per tonne before closing at US$2,362.5 per tonne, up US$21 per tonne, a 0.90 per cent increase. The LME aluminium cash bid price and LME aluminium official settlement price dwindled...
Gumei Metal bags the prestigious China Green Building Materials Product Certification
Gumei Metal, a manufacturer of a wide selection of aluminium products, was honoured with the prestigious China Green Building Materials Product Certification. The China-based company received the award for three aluminium products, achieving the highest distinction—the three-star certification....
China expands carbon trading market to aluminium, steel, and cement to curb industrial pollution
At the opening ceremony of the 2024 Global Energy Transformation Conference on September 7, Huang Runqiu, Minister of Ecology and Environment, emphasised the need to accelerate green and low-carbon development in China. By the end of the year, key emission industries, including aluminium, steel and...
Ghana's President invites Chinese investors to power economic transformation
Ghana's President, Nana Addo Dankwa Akufo-Addo, has invited Chinese business leaders to participate actively in the country's ongoing economic transformation. Speaking at the China-Ghana Business Forum in Shenzhen, the President emphasised the strong and long-standing relationship between the two...
China's A00 Aluminium ingot market initiated the week with a decline of RMB 50/t with stable raw material prices
According to the Shanghai Metal Market survey (SMM), as of 9th August 2024, the week initiated a reduction in China’s A00 aluminium ingot price by RMB 50 per tonne. Today, the average aluminium price settled at RMB 19,160 per tonne, with the spot contract price likely to be traded at a discount...
