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Downward trend in LME aluminium price persists, plummeting by US$42/t; SHFE price gains US$21/t
31 JUL 20242MINS

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...

Strategic alliance between Shanghai Electric & Chinalco to propel green energy innovation in China
30 JUL 20242MINS

Strategic alliance between Shanghai Electric & Chinalco to propel green energy innovation in China

On July 11, Duan Xiangdong, Secretary of the Party Group and Chairman of Aluminum Corporation of China (Chinalco Group) had an in-depth conversation with Dr. Wu Lei, Secretary of the Party Committee and Chairman of Shanghai Electric Group. The talks focused on deepening their cooperation and...

World alumina production in H1 2024 heightens 2.34% Y-o-Y despite sluggish contribution from Oceania
30 JUL 20242MINS

World alumina production in H1 2024 heightens 2.34% Y-o-Y despite sluggish contribution from Oceania

World alumina output in the first half of 2024 scaled up 2.34 per cent year-on-year, owing to enormous production above 12 million tonnes in March and May 2024. Almost all the leading alumina-producing regions, except for Oceania, drove the worldwide alumina production hike in H1. Overview of H1...

China’s A00 aluminium ingot price stands below RMB19000/t in over four months
30 JUL 20243MINS

China’s A00 aluminium ingot price stands below RMB19000/t in over four months

According to the Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price has witnessed a sharp fall of RMB 260 per tonne from the previous trading day to stand at RMB 18,900 per tonne. After more than four months, the price has pegged below the RMB 19,000 per tonne level. The average...

Constellium bags ASI Performance Standard Certification for aluminium automotive structure manufacturing
30 JUL 20242MINS

Constellium bags ASI Performance Standard Certification for aluminium automotive structure manufacturing

Constellium SE, a global leader in the development, manufacturing, and recycling of aluminium products and solutions, has successfully acquired the Performance Standard V3 (2022) Certification from Aluminium Stewardship Initiative. The certification recognises Constellium’s two facilities that are...

LME aluminium price hits over 4-month low owing to lacklustre condition in China; SHFE price loses US$37/t
30 JUL 20242MINS

LME aluminium price hits over 4-month low owing to lacklustre condition in China; SHFE price loses US$37/t

The previous trading day, LME aluminium opened at US$2,287 per tonne, reached a high of US$2,299 per tonne, a low of US$2,239.5 per tonne, and closed at US$2,247 per tonne, down US$34 per tonne, a decrease of 1.49 per cent. As per the LME data, aluminium prices on Monday stood at their lowest in...

EPO charges two Chinese nationals of dodging anti-dumping duties on aluminium foil imports
29 JUL 20241MINS

EPO charges two Chinese nationals of dodging anti-dumping duties on aluminium foil imports

The European Public Prosecutor’s Office (EPPO) in Cologne, Germany, has filed charges against two Chinese nationals for evading anti-dumping duties through a German company. The charges relate to 20 instances of aluminium foil imports into Germany. The defendants are allegedly accused of falsely...

China’s primary aluminium imports continue to downtrend in June by 23.22% M-o-M due to a closed import window
29 JUL 20242MINS

China’s primary aluminium imports continue to downtrend in June by 23.22% M-o-M due to a closed import window

China’s primary aluminium imports in June 2024 recorded a month-on-month decline of 23.22 per cent but a year-on-year rise of 35.61 per cent to 121,200 tonnes, found the Shanghai Metals Market survey. In May 2024, the import volume stood at 158,000 tonnes, down by 27.8 per cent from the previous...

China’s A00 aluminium ingot price declines by RMB270/t W-o-W, reflecting the continuing downward trend
29 JUL 20243MINS

China’s A00 aluminium ingot price declines by RMB270/t W-o-W, reflecting the continuing downward trend

According to Shanghai Metal Market (SMM) survey China’s A00 aluminium ingot price on July 29, has decreased by RMB 40 per tonne or 0.21 per cent from the previous day, settling at RMB 19,160 per tonne. This price shift marks a slight decline from the previous trading session, highlighting a...

DGTR suggests anti-dumping duty of up to INR577/t on Chinese aluminium frames
29 JUL 20242MINS

DGTR suggests anti-dumping duty of up to INR577/t on Chinese aluminium frames

Directorate General of Trade Remedies (DGTR) under the Ministry of Commerce and Industry has reportedly put forward the proposal of imposing an anti-dumping duty of up to INR 577 per tonne on aluminium frames originating from China. The news came last week after the Directorate stated the plan,...

China's industrial profits surged in June despite weak consumer sentiment
28 JUL 20243MINS

China's industrial profits surged in June despite weak consumer sentiment

China's industrial profits experienced accelerated growth in June, despite businesses contending with diminished consumer sentiment amid an uncertain economic recovery. Official data released on July 27, 2024, indicated a 3.6 per cent year-on-year increase in profits last month, following a 0.7 per...

Upstream Weekly Recap: World’s H1 aluminium production grows as expected; EGA, first in the world to digitise metals quality analysis system on LME
27 JUL 20244MINS

Upstream Weekly Recap: World’s H1 aluminium production grows as expected; EGA, first in the world to digitise metals quality analysis system on LME

This week, the primary aluminium sector was under a havoc media spotlight from the entire upstream aluminium industry, featuring many crucial events and updates. Besides the global aluminium prices reaching almost a four-month low, what made several round-ups on the internet were Emirates Global...

Shandong Institutes validates Baotou Aluminum's thermal coal testing capability for the third time in a row
26 JUL 20243MINS

Shandong Institutes validates Baotou Aluminum's thermal coal testing capability for the third time in a row

Baotou Aluminum has achieved a significant milestone by successfully passing the national thermal coal testing capability verification for the third consecutive year. The Shandong Institute of Metallurgical Science Co., Ltd conducted this verification, which was authorised by the China National...

China-based Guochao Aluminum delivers robust H1 results, surpassing Q2 targets by 2.47%
26 JUL 20242MINS

China-based Guochao Aluminum delivers robust H1 results, surpassing Q2 targets by 2.47%

China-based Guochao Aluminum recorded a total industrial output value of RMB 820 million during the first half of 2024 (H1). In the second quarter (Q2) alone, the company produced over 12,000 tonnes of aluminium, generating an output value of RMB 615 million and surpassing the quarterly target by...

A00 aluminium ingot price recovers RMB190/t from the previous day’s loss; Aluminium alloy prices garner RMB200/t
26 JUL 20242MINS

A00 aluminium ingot price recovers RMB190/t from the previous day’s loss; Aluminium alloy prices garner RMB200/t

According to the Shanghai Metals Market survey, A00 aluminium ingot price has recovered RMB 190 per tonne to close the week on Friday, July 26, at RMB 19,200 per tonne. However, despite the latest rise, the price is down week-on-week by RMB 290 per tonne and month-on-month by RMB 860 per tonne. The...

China’s aluminium market continues facing bearish sentiment, with A00 aluminium ingot price losing RMB1190/t in a month
25 JUL 20243MINS

China’s aluminium market continues facing bearish sentiment, with A00 aluminium ingot price losing RMB1190/t in a month

According to Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price has descended by RMB 190 per tonne to clock at RMB 19,010 per tonne on July 25, continuing the bearish trend observed over the past weeks. This reduction brings the price to a level substantially lower than earlier...

China’s alumina imports in June reflect a slump of 13.9% Y-o-Y due to supply cuts in the overseas market
24 JUL 20242MINS

China’s alumina imports in June reflect a slump of 13.9% Y-o-Y due to supply cuts in the overseas market

According to China customs data, China's alumina exports in June 2024 trended up M-o-M by 54.78 per cent to reach 157,100 tonnes versus 101,500 tonnes in May. The latest hike brought the country's cumulative exports during January-June to 810,700 tonnes. However, China's alumina imports in June...

China’s A00 aluminium ingot price records a sharp M-o-M fall of RMB1060/t, standing at a 4-month low
24 JUL 20243MINS

China’s A00 aluminium ingot price records a sharp M-o-M fall of RMB1060/t, standing at a 4-month low

Amid growing concerns about demand, A00 aluminium ingot price has continued to decline by RMB 90 per tonne on Wednesday, July 24, to reach RMB 19,200 per tonne, marking almost a four-month low. The average prices are expected to range between RMB 19,180 per tonne and RMB 19,220 per tonne, with spot...