Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
China aluminium sheet, strip and foil defy off-season lull; "golden September" rally in sight
China's aluminium sheet, strip and foil sector posted a stronger-than-expected off-season performance in August 2026, based on Mysteel's data. Specially, the weekly output eased modestly from July peaks but held steady near 390,000 tonnes, with operating rates hovering around 70 per cent. Orders...
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Chinalco Shandong’s red mud utilisation project attains special recognition for scientific and technological progress
In the very recent Science and Technology Award of China Environmental Protection Federation 2023, Chinalco Shandong received prestigious recognition by winning the first prize for its scientific and technological progress in the comprehensive red mud utilisation project "Green Technology and...
LME aluminium benchmark price gains US$11/t to US$2496.5/t; SHFE price grows by US$10/t
LME aluminium opened at US$2,510 per tonne in the previous trading day, with a high of US$2,547.5 per tonne and a low of US$2,510 per tonne, and closed at US$2,517.5 per tonne, flat compared to the previous trading day's closing price. On Monday, July 1, both LME aluminium cash bid price and LME...
China Hongqiao welcomes SMB-Winning Consortium staff for comprehensive study tour
On June 15th, over 30 employees from the SMB-Winning Consortium in Guinea embarked on an extensive study and exchange program at China Hongqiao Group. The visit began with a heartfelt welcome from Guo Cuihua, the Director of Human Resources at China Hongqiao. She warmly conveyed the significance of...
China’s aluminium foil exports in May’24 trend up 7% M-o-M, with India, Mexico and Indonesia as top destinations
According to the Shanghai Metals Market survey, China’s aluminium foil exports in May 2024 amounted to 130,100 tonnes, registering a month-on-month increase of 7 per cent from 121,600 tonnes. The May export volume also recorded an annual rise of 15 per cent. Among export destinations, India,...
Key highlights from the global aluminium industry, June 2024
In June 2024, the global aluminium industry saw slight price positivity on both the LME and SHFE platforms at the beginning of the month. However, these gains were short-lived, and prices soon declined again. This reminds us again that AL Circle's industry-focused report, "Global Aluminium Industry...
China’s A00 aluminium ingot price nosedives by RMB980/t M-o-M amid subdued buying sentiment
According to the Shanghai Metals Market, A00 aluminium ingot price has initiated the month, July 1, 2024, with a dip of RMB 40 per tonne, indicating a continued bearish price trend of primary metal across the Chinese domestic market. The reason is the traditional off-season among manufacturing...
LME aluminium price stands 1.35% down W-o-W despite US$27/t of overnight surge; SHFE trends down by US$19/t over a week
On Friday, June 28, LME aluminium cash bid price and LME aluminium official settlement price surged by US$27.50 per tonne and US$27 per tonne, respectively, marking the second consecutive day of rise. The LME graph shows the prices closed the week at US$2,485 per tonne and US$2,485.50 per tonne,...
Chinalco Materials Institute and partners achieve patent success in Microcrystalline Aluminum Foil development
Chinalco Materials Institute, Chinalco high-end, and Chinalco Aluminum Foil's affiliated enterprises have recently received official authorisation from the China National Intellectual Property Administration for three patents related to microcrystalline aluminium foil. Microcrystalline aluminium...
SMM A00 aluminium ingot price registers M-o-M downfall of RMB880/t; Low carbon aluminium price gains RMB92/t
On Friday, June 28, China’s A00 aluminium ingot price increased by RMB 30 per tonne to settle at RMB 20,150 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. The average prices may orbit between RMB 20,130 per tonne and RMB 20,170 per...
LME explores Hong Kong warehouse licensing to enhance China market services
The London Metal Exchange is considering licensing a warehouse in Hong Kong to enhance its services for clients in China, the world's largest metals market. At the metal exchange's annual Asia seminar in Hong Kong on June 27, Bonnie Chan, the Chief Executive Officer of Hong Kong Exchanges &...
LME aluminium benchmark price gains US$14.5/t after two straight days of fall; SHFE price moves up by US$2/t
On the previous trading day, LME aluminium opened at US$2,506.5 per tonne, reached a high of US$2,519.5 per tonne, a low of US$2,486 per tonne, and closed at US$2,496 per tonne, down US$16.54 per tonne, a decrease of 0.66 per cent. After witnessing fall for the past two days, yesterday (Thursday,...
Barra do Dande hosts the launch of aluminium industrial park project, boosting Angola-China ties
The much-awaited Huatong Aluminium Industrial Park project, initiated by the Angolan authorities, finally started on Saturday, June 22nd. The Angolan authorities gathered in Barra do Dande to kick off the construction of a $1.6 billion aluminium industrial park. The Huatong Aluminium Industrial...
SMM A00 aluminium ingot price grows by RMB60/t; Low carbon aluminium price adds RMB47/t
On Thursday, June 27, China's A00 aluminium ingot price added RMB 60 per tonne to clock at RMB 20,120 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. The average prices are expected to range between RMB 20,100 per tonne and RMB...
LME aluminium benchmark price falls by US$7.5/t; SHFE price gains US$8/t
The previous trading day, LME Aluminum opened at US$2,496 per tonne, with a high of US$2,516 per tonne, a low of US$2,482 per tonne, and closed at US$2,511.5 per tonne, up US$14.97 per tonne, an increase of 0.6 per cent. On Wednesday, June 26, both LME aluminium cash bid price and LME aluminium...
Chinalco Institute & Beijing Aerospace collaborate to develop aluminium alloy parts for energy vehicles
The Chinalco Institute of Materials signed a product development contract with a Beijing Aerospace research institute. This partnership focuses on creating an aluminium alloy component for a new energy-special vehicle. The project marks the first collaboration between Chinalco Institute of...
China’s A00 aluminium ingot price declines by RMB140/t; Low-carbon aluminium price dwindles by RMB164/t
On Wednesday, June 26, China’s A00 aluminium ingot price declined by RMB 140 per tonne to settle at RMB 20,060 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. The average prices may stand between RMB 20,040 per tonne and RMB 20,080...
LME aluminium benchmark price moves down by US$3/t; SHFE price dips to US$2775/t
The previous trading day, LME aluminium opened at US$2,500 per tonne, reached a high of US$2,513 per tonne, a low of US$2,491 per tonne, and closed at US$2,497 per tonne, down US$6 per tonne, a decrease of 0.24 per cent. On Tuesday, June 25, both LME aluminium cash bid price and LME aluminium...
Inner Mongolia Mengtai Group acquires Alu Menziken, NNDKP among key advisors
Nestor Nestor Diculescu Kingston Petersen (NNDKP) played a pivotal role in the recent acquisition of Alu Menziken Group by Inner Mongolia Mengtai Group Co., Ltd. The Chinese conglomerate purchased Alu Menziken Group from Montana Aerospace AG. NNDKP provided expert legal counsel within the Romanian...
