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China’s aluminium billet inventory plunges by 3,000 tonnes W-o-W to close at 127,100 tonnes
02 JUN 20221MINS

China’s aluminium billet inventory plunges by 3,000 tonnes W-o-W to close at 127,100 tonnes

China’s aluminium billet inventory has plunged by 3,000 tonnes W-o-W to settle at 127,100 tonnes. Yesterday, downstream purchases were bolstered by the sharp fall in aluminium prices and the forthcoming Dragon Boat Festival. Overall, downstream consumption has rebounded, and the market is confident...

Myanmar's aluminium foil importation during 2019-22 indicates a volatile market
02 JUN 20222MINS

Myanmar's aluminium foil importation during 2019-22 indicates a volatile market

A key geostrategic location, abundant natural resources, a young population, and a vital geopolitical position make Myanmar one of the fastest-growing economies in the Asia Pacific. The principal industries contributing to Myanmar’s economy are agriculture, mining and tourism. Aluminium foil is...

Domestic demand for European aluminium foil rolls grows 5% in 1Q2022 driven by packaging industry
30 MAY 20222MINS

Domestic demand for European aluminium foil rolls grows 5% in 1Q2022 driven by packaging industry

According to a report published by the European Aluminium Foil Association, the first quarter of 2022 witnessed robust domestic demand for European aluminium foil rolls, countervailing a continuing decline in exports. Demand in the larger domestic market segment grew by 5 per cent in the quarter,...

LME aluminium price falls for the second day at US$2829.50/t; SHFE price declines by US$11/t
26 MAY 20222MINS

LME aluminium price falls for the second day at US$2829.50/t; SHFE price declines by US$11/t

LME aluminium opened at US$2,889.5 per tonne on Wednesday and closed at US$2,868 per tonne, down US$9 per tonne or 0.31 per cent. On Wednesday, May 25, both LME aluminium cash bid price and LME aluminium official settlement price dropped for the second day by US$51.5 per tonne or 1.78 per cent to...

China’s prebaked anode exports grew 8% in April’22, with a lion share sent to Malaysia
24 MAY 20222MINS

China’s prebaked anode exports grew 8% in April’22, with a lion share sent to Malaysia

The General Administration of Customs found China’s total exports of prebaked anode reached 185,500 tonnes in April 2022, which were 8.22 per cent higher month-on-month and 63.86 per cent year-on-year. Export value amounted to US$192 million, with a unit price of $1,035.81 per tonne. China exported...

On-warrant LME aluminium inventories drop 9.7% to a two-decade low; but price retreats from its gains on a weak demand outlook
16 MAY 20222MINS

On-warrant LME aluminium inventories drop 9.7% to a two-decade low; but price retreats from its gains on a weak demand outlook

Aluminium stocks in the London Metal Exchange have decreased to a record low but the sign of supply shortages has yet not wobbled the bearish sentiment of the global metal price anticipating weaker demand in the near future. According to the data shown by London Metal Exchange, on-warrant aluminium...

Primary aluminium weekly recap: Tiwai Aluminium seeks a power supplier for the smelter to secure its future beyond 2024; Dubal Holding collaborates with Nature Alu to establish UAE’s first high purity aluminium facility
14 MAY 20225MINS

Primary aluminium weekly recap: Tiwai Aluminium seeks a power supplier for the smelter to secure its future beyond 2024; Dubal Holding collaborates with Nature Alu to establish UAE’s first high purity aluminium facility

This week, the global primary aluminium sector recorded a lot of positive events. To begin with, New Zealand Aluminium Smelters Limited (NZAS), which owns the Tiwai Point Aluminium Smelter, is now focused on guaranteeing the future beyond its 2024 closure date. On the market forefront, this week,...

Pandemic in China affects M-o-M unwrought and semi-finished aluminium exports in April’22
10 MAY 20221MINS

Pandemic in China affects M-o-M unwrought and semi-finished aluminium exports in April’22

Unwrought aluminium and aluminium semis exports were roughly 596,900 tonnes in April 2022, up 0.42 per cent M-o-M and 36.49 per cent Y-o- Y, finds the latest figures from the General Administration of Customs. On a Y-o-Y calculation, unwrought aluminium and aluminium semis export for January to...

LME aluminium falls by US$84.50/t to US$2,832.50; SHFE falls significantly to US$2957/t
09 MAY 20222MINS

LME aluminium falls by US$84.50/t to US$2,832.50; SHFE falls significantly to US$2957/t

LME aluminium opened at US$2,936 per tonne last Friday and closed at US$2,835 per tonne, down US$101 per tonne or 3.44 per cent. LME aluminium cash bid price and official settlement price halted at US$2,832 per tonne and US$2,832.50 per tonne, respectively, both experiencing a decrease of 2.9 per...

Top Newsmakers for April 2022: Aluminium smelter technology developer EGA keen to invest in Indonesia; Global alumina market may experience disrupting Q2 due to the Ukraine-Russia stand-off
05 MAY 20224MINS

Top Newsmakers for April 2022: Aluminium smelter technology developer EGA keen to invest in Indonesia; Global alumina market may experience disrupting Q2 due to the Ukraine-Russia stand-off

The global aluminium value chain is still going through rough patches, which the industry thought dissimilar at the beginning of the year. The year 2022 started with a positive note that the worldwide manufacturing sector is rebounding from the dent of the Covid pandemic. Although the shortage of...

Rusal sanctions would unsettle aluminium market, Rio Tinto acknowledges
05 MAY 20222MINS

Rusal sanctions would unsettle aluminium market, Rio Tinto acknowledges

On 5 th May 2022, the Anglo-Australian mining and metal giant, Rio Tinto stated that any sanctions on the Russian aluminium producer Rusal in response to the Ukraine-Russia conflict will disrupt the aluminium market and precipitate an increase in the silver metal's price. Simon Thompson, the...

Profits at aluminium smelters dwindle by RMB954/t to RMB2590/t
05 MAY 20221MINS

Profits at aluminium smelters dwindle by RMB954/t to RMB2590/t

Aluminium smelters' raw material costs were mostly steady last week. The removal of import levies and diminishing local demand drove down thermal coal prices. As of Friday, April 29, the complete cost of smelting dropped by RMB 35 per tonne from a week before to stop at RMB 18,220 per tonne, while...

Aluminum Association's latest white paper analyzes progress in the US sheet market for common alloy aluminium
04 MAY 20223MINS

Aluminum Association's latest white paper analyzes progress in the US sheet market for common alloy aluminium

Targeted Trade Enforcement in Action: Common Alloy Aluminum Sheet AD/CVD One Year Later, a new white paper from the Aluminum Association, examines progress made in the US common alloy aluminium sheet market one year after the Commerce Department issued antidumping (AD) and countervailing duty (CVD)...

Aluminum Co. of China’s stocks ratings upgraded from “buy” to “strong-buy”
03 MAY 20222MINS

Aluminum Co. of China’s stocks ratings upgraded from “buy” to “strong-buy”

On Tuesday, May 3, a stock rating agency upgraded Aluminum Corporation of China Limited, also known as Chalco, from a “buy” rating to a “strong-buy” rating. Earlier, on January 13, the Goldman Sachs Group had rated the stocks of Aluminum Corp. of China “sell” instead of “buy”, while on March 23,...

Hazardous waste recycler Befesa delivers strongest quarterly results in its 35-year history
01 MAY 20222MINS

Hazardous waste recycler Befesa delivers strongest quarterly results in its 35-year history

As a leading provider of hazardous waste recycling services to the aluminium and steel industries, Luxembourg-based Befesa S.A., recently reported the strongest quarterly results in its 35-year history, with an EBITDA of 61.1 million euros ($64.4 million). Befesa said, “In addition, it was 25 %...

Century Aluminum reports hike in shipments by 5% and improved net sales to $753.6 million for 1Q2022
29 APR 20222MINS

Century Aluminum reports hike in shipments by 5% and improved net sales to $753.6 million for 1Q2022

Century Aluminum Company, a US-based primary aluminium producer, has announced its first quarter 2022 operation and financial results, revealing that shipments in the same period ended March 31 increased by 5 per cent quarter-on-quarter from 200,961 tonnes to 211,411 tonnes, bolstered by the...

CME Group’s aluminium option contract to debut on May 23
26 APR 20222MINS

CME Group’s aluminium option contract to debut on May 23

On Tuesday, April 26, CME group, the world’s biggest derivatives marketplace announced that it will debut an option contract on its physically-delivered aluminium features on May 23. The new aluminium option contract will be listed on COMEX and will be governed by its regulations. "Our new option...

LME aluminium price descends to US$3090/t; SHFE suffers the fifth day of fall closing at US$3171/t
26 APR 20222MINS

LME aluminium price descends to US$3090/t; SHFE suffers the fifth day of fall closing at US$3171/t

LME aluminium opened at US$3,230 per tonne on Monday and closed at US$3,082 per tonne, down US$162.5per tonne or 5.01 per cent. On 25 th April, LME aluminium cash bid price stood at US$3,089 per tonne, facing a 4.76 per cent or US$154.50 per tonne decline, while LME aluminium official settlement...