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...
Canadian Prime Minister Mark Carney has indicated Ottawa’s readiness to resume Canada-US trade talks and reach a deal with President Donald Trump, as the tariff debate continues to pressure deeply integrated supply chains. Tariff uncertainty could also pressure aluminium trade, costs, aluminium...
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The London Metal Exchange (LME) announced it would rule out stocking Russian aluminium produced on or after April 13 in its warehouses in accordance with the latest sanctions packages instigated by the US and British governments. The sanctions are designed to restrict Russian aluminium, copper, and...
According to data revealed by the National Bureau of Statistics (NBS), China's primary aluminium production rose 7.4 per cent Y-o-Y in March 2024 to reach 3.59 million tonnes. Output increased over the year due to boosted industry profits driven by higher metal prices because of revived demand....
China's primary aluminium industry is pouring less and enjoying it more. Liquid metal transfers increased in the first quarter of 2024. According to our research, the volume of raw metal poured into ingot dropped by about 20 per cent compared to 2023 Q1. That's despite an overall increase in...
According to data presented by the International Aluminium Institute (IAI), the total aluminium production in the Gulf Cooperation Council (GCC) for February 2024 decreased by 37,000 tonnes, or 6.95 per cent month over month, from 532,000 tonnes recorded in January 2024. This can be mainly...
On Wednesday, aluminium prices surged to their highest levels in 14 months, alongside other industrial metals reaching new peaks. Investors flooded into the sector, driven by optimism surrounding the global economy. As per the data from MarketScreener, the benchmark three-month aluminium on the...
Amidst ongoing market fluctuations, the London Metal Exchange (LME) has reported that the share of available aluminium stocks originating from Russia remained steady at 91% in March, mirroring figures from the previous month. This data, while reflective of current market realities, underscores a...
China's aluminium prices hit RMB20,000/t on Monday. The main index price reached RMB20,200/t, while the spot price also crept over the line, achieving RMB20,100/t. The spot eased slightly today, but the main index price found more energy. External factors have achieved this level. The internal...
In 2023, the global bauxite industry experienced substantial changes, marked by shifts in production, trade dynamics, and pricing patterns. Australia, Guinea, and China emerged as key players shaping the worldwide bauxite market landscape. In 2023, global bauxite production was estimated to show a...
According to the Shanghai Metals Market survey the average operating rate of major aluminium processing enterprises decreased by 0.5 percentage point week-on-week to 64 per cent in the last week, from April 1 to April 5. The secondary aluminium alloy sector primarily contributed to the fall, while...
The SHFE aluminium benchmark price has continued to grow on Tuesday, April 2, albeit at a lower rate. According to the data, the price has increased by US$3 per tonne to reach US$2,721 per tonne. Compared to the same period last year, the price is 0.33 per cent higher than US$2,712 per tonne. On a...
In a strategic move to bolster its domestic aluminium industry, the Indian government is contemplating a surge in anti-dumping duties on aluminium foil imported from Thailand. This decision could significantly impact the market dynamics, benefiting prominent players like Hindalco Industries...
The European aluminium sector has just started adapting to the energy price shrunk due to adequate inventories and ease of power consumption restrictions. According to a report, inflation-adjusted futures prices for 2024 averaged 48 euros per megawatt hour, compared to 223 euros at the height of...
According to the latest statistics, China's imports of Russian aluminium have surged. China's Customs Bureau has reported that Russian imports rose to 277,000t in the first two months of this year. That represents almost 60% of all the metal imported by China in that period. Indonesia and India...
The domestic China petcoke market remains relatively stable, with the usual price dips and peaks within a channel. One of the reasons why the price won't rise to previous highs is down to the enormous volumes of coke being held at port. According to the team, China currently holds as much as 4...
News has come through that the Yunnan government has released additional power units to its local aluminium industry. We understand about 500,000 tonnes of smelting capacity is allowed to re-enter the market, and local companies are now preparing their pots. But the news comes with a twist and...
According to the State Statistics Committee, in 2022, Azerbaijan exported 5,102 tonnes of aluminium to Japan for a total value of $12.73 million. However, in 2023, aluminium exports from Azerbaijan to Japan saw a notable increase. The country exported 6,598 tonnes of this non-ferrous metal,...
Among all the verticals of the aluminium value chain, primary aluminium has been one of the busiest this week. New appointments at global giants, financial results, and project announcements made significant headlines in the primary aluminium sector. What created a buzz in the industry was the...
The market dynamics of the aluminium industry in North America are gradually displaying a positive change, with a demand recovery in Q4 2023, as indicated by the preliminary estimates of the Aluminum Association. Even the beginning of 2024 has set a progressive tone, as the association’s index of...
