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World's primary aluminium production exceeds 35 million tonnes in H1, on track to AL Circle's 2024 projection
23 JUL 20243MINS

World's primary aluminium production exceeds 35 million tonnes in H1, on track to AL Circle's 2024 projection

According to the latest data revealed by the International Aluminium Institute (IAI), global primary aluminium production saw a year-on-year bullish trend through the first half of 2024 despite occasional slowdowns in certain months. In three of the first six months of 2024, world primary aluminium...

Yulin New Materials Group reports impressive H1 results with a 22.7% surge in revenue Y-o-Y
23 JUL 20242MINS

Yulin New Materials Group reports impressive H1 results with a 22.7% surge in revenue Y-o-Y

Shaanxi Nonferrous Yulin New Materials Group recently reported that their production and operations have been stable and robust this year. From January to June, the company saw a 22.70 per cent increase in operating income and a 17.30 per cent rise in total profit compared to the same period last...

SMM A00 aluminium ingot price descends by RMB140/t; Low-carbon aluminium price drops to RMB20,117/t
23 JUL 20242MINS

SMM A00 aluminium ingot price descends by RMB140/t; Low-carbon aluminium price drops to RMB20,117/t

According to the Shanghai Metals Market (SMM), China’s A00 aluminium ingot price has declined by RMB 140 per tonne to settle at RMB 19,290 per tonne as of today. China has been experiencing a continuous fall in domestic aluminium ingot prices since early July, owing to bearish demand among...

Growing demand concerns push LME aluminium price to almost a 4-month low; SHFE price loses over $150/t M-o-M
23 JUL 20242MINS

Growing demand concerns push LME aluminium price to almost a 4-month low; SHFE price loses over $150/t M-o-M

On Monday, July 22, the three-month LME aluminium contract opened at US$2,345 per tonne, reached a high of US$2,364.50 per tonne, a low of US$2,296 per tonne, and closed at US$2,314.50 per tonne, down US$35.50 per tonne or 1.51 per cent. The above downward graph of the LME aluminium benchmark price...

China’s aluminium extrusion exports maintain a growing trend in H1 driven by higher overseas premiums
22 JUL 20242MINS

China’s aluminium extrusion exports maintain a growing trend in H1 driven by higher overseas premiums

According to the Shanghai Metals Market survey, China’s aluminium extrusion export volume, including HS codes 76041010, 76041090, 76042100, 76042910, and 76042990, amounted to 97,500 tonnes in June 2024, reflecting an increase of 6.47 per cent month-on-month and 9.14 per cent year-on-year. From...

RX China hosts record-breaking - Aluminium China 2024, focusing on green smart-aluminium and international cooperation
22 JUL 20243MINS

RX China hosts record-breaking - Aluminium China 2024, focusing on green smart-aluminium and international cooperation

The 19th Aluminium China, Asia's leading aluminium industry trade show and B2B platform for sourcing, branding, networking, and technical exchange, successfully concluded its 2024 expo on July 5 at the Shanghai New International Expo Centre (SNIEC). To create a comprehensive non-ferrous metals...

China’s A00 aluminium ingot price stands at a 3-month low, grappling with inventory restocking; Input costs stand steady
22 JUL 20243MINS

China’s A00 aluminium ingot price stands at a 3-month low, grappling with inventory restocking; Input costs stand steady

According to the Shanghai Metals Market survey, A00 aluminium ingot price initiated the week of July 22 with a downfall of RMB 60 per tonne to stand further below the RMB 19,500 per tonne level. Data shows the price has clocked at RMB 19,430 per tonne, marking the lowest in the past three months....

LME aluminium benchmark price contracts by US$23/t; SHFE price slumps to US$2682/t
22 JUL 20242MINS

LME aluminium benchmark price contracts by US$23/t; SHFE price slumps to US$2682/t

The previous trading day, LME aluminium opened at US$2,381.5 per tonne, with a high of US$2,385.5 per tonne, a low of US$2,350 per tonne, and closed at US$2,350 per tonne, down US$35.5 per tonne, a decrease of 1.49 per cent. On Friday, July 19, both LME aluminium cash bid price and LME aluminium...

Press Metal Partners with Xi'an Jiaotong University for carbon capture research
21 JUL 20242MINS

Press Metal Partners with Xi'an Jiaotong University for carbon capture research

Press Metal Aluminium Holdings Bhd, a Malaysia-based world-class aluminium producer, has signed a collaboration agreement with China's Xi'an Jiaotong University (XJTU) to advance carbon capture and utilisation research. This new agreement builds on a memorandum of understanding established in...

Upstream Aluminium Weekly Recap: China sets new record for aluminium production with 3.67 million tonnes in June
20 JUL 20249MINS

Upstream Aluminium Weekly Recap: China sets new record for aluminium production with 3.67 million tonnes in June

Aluminium is an essential component of the global economy, and this week, the upstream sector witnessed some significant events. To begin with, China, a dominant force in the global aluminium market, has once again demonstrated its leadership. As per the data from the National Bureau of Statistics...

China’s aluminium ingot inventory accumulates additional 8,000 tonnes W-o-W due to mid-week restocking
19 JUL 20242MINS

China’s aluminium ingot inventory accumulates additional 8,000 tonnes W-o-W due to mid-week restocking

According to the Shanghai Metals Market survey, China’s social inventory of aluminium ingots increased by 8,000 tonnes week-on-week and 10,000 tonnes from July 15, reaching 797,000 tonnes on July 18, of which the amount for sale stood at 671,000. Following the restocking mid-week, the current...

Castor Aluminum starts the trial production of its RMB 1 billion new energy-vehicle parts project
19 JUL 20242MINS

Castor Aluminum starts the trial production of its RMB 1 billion new energy-vehicle parts project

On June 28, Castor Aluminum (Chongqing) Technology began the trial production for its annual output of 1 million sets of lightweight, integrated moulding new energy auto parts project. Upon full completion of the project, the annual output value is anticipated to reach RMB 3 billion, generating RMB...

China's NEV production growth signals higher aluminium consumption
19 JUL 20242MINS

China's NEV production growth signals higher aluminium consumption

According to data from the China Association of Automobile Manufacturers, Chinese new energy vehicle (NEV) production surged by 31.9 per cent year-on-year in May. The number of units manufactured climbed from 712,660 units in May 2023 to an impressive 940,000 units for the same month this year. The...

Global Aluminium Associations approves new OECD report on state enterprises & subsidies
19 JUL 20243MINS

Global Aluminium Associations approves new OECD report on state enterprises & subsidies

The aluminium associations of the United States, Europe, Canada, and Japan have approved a new report by the Organisation for Economic Cooperation and Development (OECD) titled "Quantifying the Role of State Enterprises in Industrial Subsidies." Highlights from the report The report highlighted...

The Green Power Aluminium Certificate opens new opportunities for RUSAL's aluminium in the vast Chinese market
19 JUL 20242MINS

The Green Power Aluminium Certificate opens new opportunities for RUSAL's aluminium in the vast Chinese market

RUSAL, one of the world's largest aluminium producers, has become the first foreign company to receive the China Green Power Aluminium Certificate. The China Green Product Evaluation Centre awarded RUSAL the official certificate during a special event in Shanghai on July 2, 2024. The document...

SMM A00 aluminium ingot price closes the week with a fall of RMB80/t; Low carbon aluminium price declines by RMB63/t
19 JUL 20242MINS

SMM A00 aluminium ingot price closes the week with a fall of RMB80/t; Low carbon aluminium price declines by RMB63/t

On Friday, July 19, China's A00 aluminium ingot price dropped by RMB 80 per tonne to settle at RMB 19,490 per tonne. The average price is expected to hover between RMB 19,470 per tonne and RMB 19,510 per tonne, with the spot contract price estimated to be traded at a discount of RMB 80 to RMB 40...

Jiangmen Development Group and Guangdong Shengkai unite for new graphene coated aluminium foil production base
18 JUL 20242MINS

Jiangmen Development Group and Guangdong Shengkai unite for new graphene coated aluminium foil production base

The construction of the Fengshan Lake production support project, a graphene-coated carbon aluminium foil production base, has officially commenced. This project is a collaboration between Jiangmen Jiangfa Industrial Park Investment and Development Group Co., Ltd., a subsidiary of Jiangmen...

SMM: China’s A00 aluminium ingot price slumps by 190/t overnight due to market surplus
18 JUL 20243MINS

SMM: China’s A00 aluminium ingot price slumps by 190/t overnight due to market surplus

According to the Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price has shed off RMB 190 per tonne from the previous day to reach the three-month low. As per the data, the domestic price has come in at RMB 19,570 per tonne, which is significantly down by RMB 570 per tonne...