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's A00 Aluminium ingot price marks M-O-M decline of RMB 1090/t amid steady raw material costs
According to the Shanghai Metal Market (SMM) survey, China's A00 aluminium ingot price has experienced a slight decrease of RMB 40 per tonne on Wednesday, August 14, following a restraint on the previous day, settling at RMB 18,950 per tonne. This has resulted in a sharp month-on-month fall of RMB...
LME aluminium benchmark price loses US$11.5/t; SHFE price moves down to US$2,650/t
On Tuesday, LME 3M aluminium opened at US$2,306.5 per tonne, hitting a high of US$2,340 per tonne and a low of US$2,290 per tonne, and closed at US$2,326 per tonne, up US$17 per tonne or 0.74 per cent. On Tuesday, August 13, both LME aluminium cash bid price and LME aluminium official settlement...
Thailand authorities uncover massive aluminium dross seizure in Nakhon Pathom, exposing illegal smelting ring
Thailand's Nakhon Pathom province underwent a significant law enforcement operation over the weekend. Police and industrial officials uncovered 14,400 tonnes of aluminium dross at two remelting facilities. The discovery, spread across sites in Nakhon Pathom and Samut Sakhon provinces, just outside...
China’s aluminium output reaches another new high in July 2024, with ingot production improving 6.4%
China’s domestic aluminium production in July 2024 reached a new high, recording a 3.22 per cent increase year-on-year and a 3.66 per cent rise month-on-month, attributed to full production resumption at Yunnan smelters and new capacity commencement in Inner Mongolia. According to the Shanghai...
No movement in China’s A00 aluminium ingot price, but aluminium alloy prices move up by RMB100/t
For the first time in five months, as of 13 th August, A00 aluminum ingot price on the Shanghai Metals Market (SMM) has remained entirely unchanged, marking a significant pause in the usual daily movements. The last time this stabilisation occurred was on March 19, 2024. The current average price...
LME aluminium benchmark price moves up to US$2,268/t; SHFE price drops by US$13/t
On Monday, LME aluminium opened at US$2,299 per tonne, with a high of US$2,331.5 per tonne, a low of US$2,297 per tonne, and closed at US$2,309 per tonne, up US$14 per tonne, or 0.61 per cent. Following a surge of US$58.5 per tonne on Friday, August 9, both LME aluminium cash bid price and LME...
Chinalco Shandong’s red mud innovation project bags first place at the Science and Technology Progress Awards
The "Green Technology and Engineering Demonstration of Efficient Production of New Powder Materials by Bayer Process Red Mud" project by Chinalco Shandong Co., Ltd. has achieved a significant milestone. The project bagged the first prize of the Science and Technology Progress Award from the China...
China’s domestic alumina production mounts above 7 Mt in July, bolstering prices alongside steady consumption
According to the Shanghai Metals Market survey, China's alumina production continued to record an annual rise in July 2024, buoyed by increased operating rates in Shanxi, Henan, Hebei, and Guangxi. In July (31 days), China's metallurgical-grade alumina output was 7.173 million tonnes, registering a...
Artificial sapphire insulator developed using single-crystal aluminium, the bedrock for next-gen chip technology
Researchers at the Shanghai Institute of Microsystem and Information Technology, part of the Chinese Academy of Sciences (CAS), have developed a semiconductor chip insulator made from artificial sapphire, a breakthrough that could potentially extend smartphone battery life. The study proposes that...
China’s A00 aluminium ingot price decreases by RMB20/t, reflecting the fluctuating market trend
According to the Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price on August 12 has decreased by RMB 20 per tonne from the previous day, settling at RMB 18,990 per tonne. This price shift marks a slight decline from the previous trading session, highlighting a fluctuating price...
China’s Baosteel, Baowu Aluminum, and Japan’s Kobe Steel unite for automotive aluminium sheet manufacturing
China’s Baoshan Iron and Steel (Baosteel) and Baowu Aluminum have partnered with Japan’s Kobe Steel to form a new joint venture in a significant move within the automotive materials sector. This collaboration aims to produce aluminium sheets specifically for the automotive industry. The automotive...
Canada must stand firm: No room for dumped steel and aluminium
In a rare joint statement, Catherine Cobden, President and CEO of the Canadian Steel Producers Association, and Jean Simard, President and CEO of the Aluminium Association of Canada, have raised concerns over the growing impact of Chinese overcapacity on Canadian markets. The two leaders...
LME aluminium benchmark price moves up by US$2/t; SHFE price adds US$3/t
The previous trading day, LME aluminium opened at US$2,272 per tonne, hit a high of US$2,285 per tonne and a low of US$2,256 per tonne, and closed at US$2,284 per tonne, up US$11 per tonne, or 0.48 per cent. On Thursday, August 8, both LME aluminium cash bid price and LME aluminium official...
SMM aluminium ingot price marks a W-o-W fall of RMB390/t with a decline of RMB90/t on Aug 8
According to Shanghai Metals Market (SMM) survey, as of August 8, the SMM A00 aluminium ingot price has descended by RMB 90 per tonne to officially close at RMB 18,780 per tonne, with the average prices ranging between RMB 18,760 per tonne and RMB 18,800 per tonne. The spot contract is likely to be...
LME aluminium benchmark price dips $2.5/t after a substantial growth last day; SHFE price gains $6/t
On Wednesday, August 7, the three-month LME aluminum contract opened at US$2,297.50 per tonne and closed at US$2,273 per tonne, registering a decline of US$28 per tonne or 1.22 per cent. In the intervening period, the price reached a high of US$2,300 per tonne and a low of US$2,247.50 per tonne....
Ningbo Shenma Group leads the green power transmission revolution with innovative copper-aluminium composite bus ducts
Ningbo Shenma Group, based in Zhejiang province, has made a significant stride in the green power transmission sector. Their cutting-edge copper-aluminium composite products position the company as a global leader in enhancing power delivery systems and promise to revolutionise power transmission...
China’s A00 aluminium price gains RMB120/t but fails to offset W-o-W decline; Aluminium fluoride price shrinks by RMB200/t
The latest Shanghai Metal Market (SMM) data reveals a mixed scenario in the aluminium market with today’s prices for A00 aluminium ingot. According to the survey, A00 aluminium ingot price has grown after two consecutive days of downfall to stand at RMB 18,870 per tonne, reflecting an increase of...
New agreement highlights Yunnan Aluminum's commitment to green technology & sustainability
On July 24th, Yunnan Aluminum signed upstream and downstream cooperation agreements for four industrial chains in Kunming. This development significantly accelerated the company's efforts to strengthen its industrial chain. About the agreement Yunnan Aluminum and its subsidiaries signed cooperation...
