Canada’s H1’26 aluminium exports dip 12.57% amid US tariffs: What does H2 hold?
The first half (H1) of 2026 witnessed Canada’s exports of unwrought aluminium taking a deep plunge. The country supplied a total of 1.33 million tonnes of aluminium products to the world including unwrought aluminium, bars, rods and profiles, aluminium foil, pipes and tubes, plates, sheets and...
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...
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Alcoa Corporation losses 21.7% revenue in 3Q2022 due to lower alumina shipments
For the third quarter of 2022, Alcoa Corporation has reported a quarterly loss of 21.7 per cent in revenue from $3,644 million to $2.851 million, while on a year-on-year basis, it dropped by 8.36 per cent from $3,109 million. Adjusted EBITDA excluding special items nosedived by 77 per cent from...
Low-carbon aluminium smelters proxy by Press Metal: RHB Research
The market research and analysis wing of RHB Malaysia, RHB Research, states that Press Metal Aluminium Holdings Bhd is a vital proxy of sustainable low-carbon producing aluminium smelters. In a recent report to its clients, the research agency said, "This is amid the global decarbonization efforts...
Joe Biden's administration considering a complete ban on Russian aluminium
The LME aluminium prices on 11 th October 2022 witnessed a glide following Bloomberg's report that the United States is considering a complete ban on Russian aluminium. The ban on Russian aluminium jeopardizes conquering a global market already stumbling from several disarrays while emphasizing if...
Aluminium demand is declining, indicating a challenging economic climate
The North American aluminium market, known as the pre-eminent maker across-the-board from beverage cans to automobiles to space components, is delaying their 2023 orderings for raw materials. However, a few days back, this issue was even illustrated by a chairman of a major aluminium producer in...
US aluminium plates, sheets, and bars exports to Canada record a quarterly fall of 8% for 2Q22
The United States aluminium plates, sheets, and bars exports to Canada totalled 67,100 tonnes in the second quarter of 2022 ended June 30, up by 7.88 per cent quarter-on-quarter from 62,200 tonnes, found the US Census Bureau data. In June 2022, the United States exported 20,100 tonnes of aluminium...
Falling aluminium demand causes Hydro to partially curtail production at its Karmøy facility
Falling demand for aluminium billets in Europe due to the adverse European economic condition and rising energy prices has caused the Norwegian aluminium smelter to partially reduce its aluminium production in Hydro Karmøy and Hydro Husnes. The choice will result in a reduction in annual primary...
China’s Aug’22 prebaked anode exports shrink 31.4% M-o-M but grow 7% on year to 141,600 tonnes
China customs data found the country’s prebaked anode exports stood at 141,600 tonnes in August 2022, which reflected a downfall of 31.43 per cent month-on-month and an increase of 6.99 per cent year-on-year. Custom statistics showed the export price per unit of prebaked anode was $1,334.50 per...
LME aluminium price closes the week with a plunge of US$42.5/t; SHFE price nosedives to US$2,582/t
LME aluminium opened at US$2,222 per tonne last Friday and closed at US$2,167 per tonne, down US$56 per tonne or 2.52 per cent. On Friday, September 23, both LME aluminium cash bid price and LME aluminium official settlement price dwindled by US$43 per tonne or 1.95 per cent and US$42.5 per tonne...
LME aluminium price hits 18-month low as market braces for hefty interest rate rise; SHFE price inches down by US$1/t
LME aluminium opened at US$2,250.5 per tonne on Wednesday and closed at US$2,203 per tonne, down US$52 per tonne or 2.31 per cent. On Wednesday, September 21, aluminium prices dropped to their lowest in 18 months since March 2021 as markets prepared for another significant increase in US interest...
ISRI Commodity Roundtables: Both recycled and primary aluminium demand witnesses a ‘marked turnaround’
Greg Wittbecker, an advisor to London-based CRU International, reported that aluminium experienced a "marked turnaround in primary demand" since scrap processors and traders gathered in Las Vegas for the Institute of Scrap Recycling Industries (ISRI) Convention & Exposition (ISRI2022) in late...
''In 2022 we are focusing more on increasing the competence of employees, marketing, optimizing production and operating costs''. Kamran Gulamov, CEO at AKFA Group Holding
Kamran Gulamov is the CEO of AKFA Group Holding, the largest aluminium extrusion manufacturer in Uzbekistan. The top executive began his career in 2012 with a job in the company's warehouse and then engaged in procurement. Since 2015, he led the construction of the BENKAM plant for the production...
Russia-Ukraine's geopolitical crisis may enhance Egyptalum's financial performance
The largest aluminium producer in Egypt and one of the largest in Africa, Egyptalum expects strong business results in the coming period, taking advantage of several factors, whether on the global or local scene. Several factors are expected to contribute to Egyptalum's business results, whether...
Yunnan orders aluminium producers to reduce power usage in the coming weeks
Rising energy prices continue to affect China. As per the reports, Yunnan, a province in southwest China instructed aluminium producers to use less energy this week. Although local prices have not been significantly affected, Yunnan's move indicates that rising energy prices greatly influence the...
ETMA reports increased tube demand for first half of 2022 amidst Europe’s energy crisis
European Tube Manufacturers Association (ETMA) recorded that in spite of the prevailing economic challenges and Europe’s energy crisis, delivery of aluminium, laminated and plastic tubes increased by 1 per cent overall. The data from ETMA showed that aluminium tube deliveries rose narrowly by 1 per...
LME aluminium price slips by US$29.5/t to US$2,230.50/t; SHFE price ascends to US$2,650/t
LME aluminium opened at $2,263 per tonne on Wednesday and closed at $2,241 per tonne. On Wednesday, September 7, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$28 per tonne or 1.24 per cent and US$29.5 per tonne or 1.30 per cent to settle at US$2,230 per...
Soaring energy prices coupled with stagnant economy bear red flag for aluminium industry; China initiates production cut
The high possibility of global recession and economic stagnation has already alarmed countries like China, the world’s largest consumer of primary aluminium raw materials, flagging the risk of downsized markets. China, who has been battling with increased energy costs and heat wave, previously...
Exorbitant energy prices cause 20% primary aluminium production cut at Talum
Talum, the major Slovenian company specializing in alumina and aluminium products, has reduced its primary aluminium production by 20 per cent of its smelting capacity due to exorbitant energy prices. Power prices in Europe have been rising since the beginning of 2021, making some production sites...
Record domestic aluminium production in China led to a fall in July imports
In July 2022, China’s unwrought aluminium and aluminium products imports, including alloys, plunged by 38.3 per cent year-on-year to stand at 192,581 tonnes, showed the General Administration of Customs on Thursday, August 18. This shrink in imports could be attributed to the domestic production...
