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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Hongfa Aluminum integrates AI-driven smart manufacturing systems into its casting production processes
In the wake of growing digitisation in the global aluminium industry, Hongfa Aluminum, a subsidiary of China Hongqiao Group, has embarked on a journey of digital transformation across all its manufacturing units. According to a report, the company has integrated artificial intelligence to achieve...
Evergrande New Energy Auto's two units face bankruptcy, reorganisation ordered by court
The local court has ordered two units of China Evergrande New Energy Auto to enter bankruptcy and reorganisation proceedings. This decision comes after individual creditors of Evergrande New Energy Vehicle (Guangdong) and Evergrande Smart Automotive (Guangdong) filed for such proceedings last week....
China’s aluminium usage for NEVs likely to reach a double-digit figure by 2030
Increasing investments and developments in China’s new energy vehicle sector are expected to boost aluminium consumption to nearly 10 million tonnes by 2030, compared to 2 million tonnes in 2023. This prediction follows the reported rise in China’s domestic production of new energy vehicles to...
China’s A00 aluminium ingot price declines minorly by RMB 80/t; Australian alumina FOB price gains US$5/t
According to the Shanghai Metals Market (SMM) survey, the A00 aluminium ingot price has declined very minorly after two consecutive days of huge downfall to balance a week-on-week downtrend by RMB 150 per tonne from RMB 18,900 per tonne. The price today, 9th August, has dwindled by RMB 80 per...
LME aluminium benchmark price dwindles by US$47.5/t; SHFE price nosedives by US$57/t
The previous trading day, LME aluminium opened at US$2,261 per tonne, reached a high of US$2,283 per tonne, a low of US$2,227 per tonne, and closed at US$2,262 per tonne, down US$1 per tonne, a decrease of 0.04 per cent. On Monday, August 5, both LME aluminium cash bid price and LME aluminium...
Xiamen welcomes CRRC Corporation’s aluminium crewless metro train
CRRC Corporation Ltd. has introduced a state-of-the-art crewless metro train to revolutionise urban transit on Xiamen's Line 6. The innovative train, constructed with an aluminium car body and featuring a carbon fibre driver's desk, has been developing for two years. CRRC Corporation Limited is a...
EGA, the first in the world to have shipped bauxite cargo using a cleaner energy-fuelled vessel
Emirates Global Aluminium (EGA) announced it initiated a bauxite cargo shipment today from its subsidiary Guinea Alumina Corporation (GAC) using a Liquefied Natural Gas-fuelled capsize vessel. It is the world's first-of-a-kind bauxite shipment in a cleaner-energy ship en route to China. This move...
Volatility in China’s A00 aluminium market initiated the week with a dip in price by RMB170/t
As of 5th August, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the week with an average price of RMB 18,830 per tonne, down by RMB 170 per tonne from the previous day. The average price is likely to fluctuate between RMB 18,810 per tonne and RMB 18,850 per tonne. The...
LME aluminium price closes the week with a fall of US$14/t; SHFE price grows to US$2677/t
The previous trading day, LME aluminium opened at US$2,279 per tonne, with a high of US$2,304 per tonne and a low of US$2,257 per tonne, and closed at US$2,263 per tonne, down US$10.5 per tonne, a decrease of 0.46 per cent. On Friday, August 2, both LME aluminium cash bid price and LME aluminium...
China put a cap on renewable energy usage for aluminium production
According to a report on Friday, August 2, China has limited the usage of renewable energy for aluminium production. Shandong province, China's biggest aluminium producer, is allowed to account for 21 per cent of the total energy usage, while Inner Mongolia and Yunnan province are eligible to use...
Baotou Aluminum secures its first international foreign invention patent in Nigeria
Baotou Aluminum has recently secured an international invention patent for an "aluminium electrolytic process adjustment method" and has obtained an invention patent authorisation certificate in Nigeria, marking the company's first foreign invention patent authorisation. This patented method...
China’s A00 aluminium ingot price falls by RMB 170/t with stable bauxite & alumina prices
On Friday August 2, the market for aluminium ingot alloy showcased a notable trend. The market for aluminium ingot experienced a major adjustment across various regions of China. According to the Shanghai Metal Market (SMM), the price of A00 aluminium ingot closed at RMB 19,000 per tonne,...
LME aluminium price loses US$23.5/t amidst weak demand & ample supply; SHFE price slips to US$2643/t
The previous trading day, LME aluminium opened at US$2,311 per tonne, reached a high of US$2,327.5 per tonne and a low of US$2,272.5 per tonne, and closed at US$2,273.5 per tonne, down US$41.5 per tonne, a decrease of 1.79 per cent. Following a growth the previous day , both LME aluminium cash bid...
SMM A00 aluminium ingot price surges by RMB200/t amid China’s market support pledge
As of 1st August, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the month with an average price of RMB 19,170 per tonne. Compared to the previous day, the price has skyrocketed by RMB 200 per tonne after China’s leaders pledged increased support measures to stabilise...
LME aluminium price hikes by US$90.5/t following supportive economic measures from China; SHFE price gains another US$21/t
On July 31, the LME aluminium three-month contract opened at US$2,234.50 per tonne, reached a high of US$2,324.50 per tonne and a low of US$2,229.50 per tonne, and closed at US$2,315 per tonne, up US$77 per tonne or 3.44 per cent. After a month-long relentless decline, LME aluminium cash bid price...
Chalco Shandong Advanced Material earns ASI CoC standard V2 certification for producing high-end alumina products
Aluminium Stewardship Initiative (ASI) announced that Chalco Shandong Advanced Material Co., Ltd has achieved certification against the ASI Performance Standard V3 and Chain of Custody (CoC) Standard V2 Certification (2022). The facility's key production processes include raw material slurry...
China’s A00 aluminium ingot price gains RMB70/t, representing a positive market sentiment by month-end
According to the Shanghai Metal Market (SMM), the price of A00 aluminium ingot has witnessed a modest increase after three consecutive dips. China’s A00 aluminium ingot price on July 31st, 2024, registered at RMB 18,970 per tonne, surged by RMB 70 per tonne from the previous trading day, indicating...
Downward trend in LME aluminium price persists, plummeting by US$42/t; SHFE price gains US$21/t
The previous trading day, LME aluminium opened at US$2,249.5 per tonne, hit a high of US$2,253 per tonne and a low of US$2,209.5 per tonne, and closed at US$2,238 per tonne, down US$9 per tonne, or 0.40 per cent. The downward trend in the LME aluminium price since early July continues unabated. As...
