LME aluminium price rises to $3,310/t: Can EGA and Alba repairs bring back 2025 levels?
The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium...
LME aluminium offer price slips to $3,292.5/t as lower exchange stocks point to tighter availability
LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
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China alumina output to fall in November after a rise in October
China’s alumina output to fall back from October’s highs in November as falling alumina prices have driven more producers to losses, expects Shanghai Metal Market. Losses aside, poor demand from aluminum smelters, year-end cash tightness and high inventories will also discourage alumina producers...
Chinese aluminium producers approach state to buy surplus supply
China's aluminium producers have asked Beijing to buy up surplus metal, sources said, the first coordinated effort since 2009 to revive prices suffering their worst rout since the global financial crisis. The state-controlled metals industry body, China Nonferrous Metals Industry Association,...
Chinese aluminum surcharges fall in Europe
Surcharges for physical delivery of aluminum in Europe leveled off after recent gains and may come under pressure from additional supply if Chinese exports rebound and some inventories are liquidated. The surcharges, or premiums, which consumers pay on top of the London Metal Exchange (LME) cash...
China aluminium stocks’ collapse might not be indicative of a market turnaround
China’s aluminum stocks stopped growing and fell 37,000 tonnes on a monthly basis as of November 12. However, this slump is unlikely to indicate at a turnaround in market fundamentals. Market players should be aware that aluminum stocks are actually well above 340,000 tonnes seen a year ago, said...
China aluminium inventories to stay high in coming 5 months, SMM foresees
Trading inventories in China’s domestic aluminium market are expected to remain high in the coming 5 months, Shanghai Metals Market expected at the annual summit in Shanghai. “No big drop in aluminium inventories is expected in China’s domestic trading market from November to next March, and high...
November aluminium price forecast by SMM: Alcoa, LME round-up and impact
Aluminium prices inched higher last week boosted by Alcoa‘s production declines. Physical premiums too improved slightly driven by the recent short-term price movements. However, there is even more to look at for those investing in firms like Alcoa, Rio Tinto Group and Norsk Hydro – notably, the...
Aluminum withdrawal orders on LME surge in longest run in a year
Orders to remove aluminum from warehouses tracked by the biggest metals exchange rose for a third day, the longest stretch in more than a year, prompting traders to close out bearish bets on prices that are near a six-year low. Canceled warrants, as the bookings are known, surged 21 percent in the...
Aluminum hits eight-week low as metals drop on China demand woes
Aluminum dropped to the lowest in almost eight weeks as other industrial metals retreated amid mounting concerns about demand in China, the world’s biggest raw-materials consumer. China Electricity Council cut its estimate on power-consumption growth this year after third-quarter usage failed to...
Noble sells off aluminum stockpiles to shrink its metal franchise
Noble Group Ltd, in its effort to free up capital by reducing stockpiles of base metals, has been reported to be selling off some of its large holdings of aluminum, historically one of its biggest businesses. As part of a strategy to shrink its metals franchise, the second-biggest division by...
Global aluminium supply glut to increase by 20 million mt in 2019
The latest available data suggests the rising supply situation is likely to further inflate the global aluminum stock levels. The stock levels are most likely to exceed 20 million mt in 2019, the research note said. According to the analysts, the rapid pace of growth in the metal supply poses big...
Weak prices, Chinese exports might fuel capacity cut in aluminium: Nalco
Subdued prices and higher Chinese exports might curtail capacity and hinder new expansion projects in the aluminium sector globally, despite strong production levels in India and West Asia, said a top executive at National Aluminium Company (Nalco). “Global prices of aluminium have remained under...
YTD Aluminum exports from the US and Canada slumped: Aluminum Association
The Aluminum exports from the US and Canada declined sharply by 23.5% during the initial seven-month period of the year. The exports totaled 1.671 billion lb during this period. Meantime, imports surged higher by 19.3% year-on-year to 3.563 million lb. The above figures are in accordance with the...
Primary Aluminum market in deficit during Jan - July 2015: WBMS
The latest report published by the World Bureau of Metal Statistics (WBMS) indicates that global primary aluminum market has recorded a deficit during the initial seven months of the year. As per the report, the market reported a deficit of 487,000 tons when matched with the deficit of 754,000...
China aluminum inventory to continue growing on capacity expansions, SMM Says
China’s aluminum stocks will grow further in October after 320,000 tonne year-on-year surge in September, SMM predicts. New capacity will come online at faster pace heading into October, the major contributor to inventory growth, SMM’s aluminum research team said. Poor downstream consumption will...
Metal service center activity weakened through August
U.S. service centers’ steel and aluminum shipments declined during August, and though Canadian centers’ deliveries increased slightly, the year-to-year figures showed shipments declining even more significantly. Inventory positions declined only slightly for both metals in the United States and...
US produced 134,000 tons of primary aluminum in July 2015
According to a USGS report, Domestic primary aluminum production in July 2015 was 134,000 metric tons. The average daily production was 4,320 tons, 3% less than the daily production during the preceding month and 6% less than that in July 2014. The monthly average U.S. market price of primary...
SMM aluminum market morning review (2015-9-16)
LME aluminum fell to USD 1,590/mt on Tuesday, but then bounced back to above USD 1,600/mt on exit of shorts. Finally, LME aluminum ended at USD 1,617.5/mt. Trading volumes were up 6,470 lots to 16,553 lots, and positions were down 4,375 to 828,000. It’s worth noting that LME aluminum inventories...
Aluminum Association updates on North American Primary market for July
The Aluminum Association, in cooperation with the Aluminum Association of Canada, reported primary aluminum production in North America (U.S. and Canada) was at an annual rate of 4,404,055 tonnes during July 2015, down 41,098 tpy (-0.9%) from the previous month's rate of 4,445,153 tonnes. The...
