LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
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...
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LME aluminium price drops US$5/t to stand at US$2740.5/t; SHFE price closes higher at US$3371/t
Three-month LME aluminium rose 0.02 per cent to end at US$2,768 per tonne on last night, with open interest decreasing 49 lots to 651,000 lots. LME aluminium cash (bid) price and LME official settlement price dropped by US$5 per tonne on Tuesday, September 7, to come in at US$2,740 per tonne and...
LME aluminium price opened this week at a 10-year high but closed lower at US$2696/t; SHFE price continued rising to US$3302/t
LME aluminium cash (bid) price and LME official settlement price reached a 10-year high this week at US$2,714 per tonne as of Tuesday, August 31. Due to a summer bank holiday, the LME market was closed on Monday and started the week on Tuesday. Next day, on September 1, both LME aluminium cash...
Saudi Arabia’s import of aluminium tubes and pipes during 2019-20 demonstrates downfall; 11% growth estimated for 2021
According to the Government estimates, Saudi Arabia's economy grew for the first time since the Covid-19 pandemic in the second quarter propelled by a 10.1% growth in the non-oil sector. However, the International Monetary Fund expects the Saudi economy to grow by 2.4% this year. The Kingdom of...
The US imports of crude metal and alloys drop by 5.46% in six months; exports climb 13.44%
The US imports of crude metal and alloys stood at 294,000 tonnes in June 2021, a growth of 12.21% year-on-year from 262,000 tonnes in June 2020, , according to the latest Mineral Industry Survey report from the US Geological Survey. Imports slashed by 6.07% from May 2021’s imports of 313,000...
Emirates Global Aluminium contemplating to float IPO in 2022
The leader in global aluminium production, as well as one of the largest companies in the UAE, Emirates Global Aluminium (EGA) is considering a prospective IPO in 2022, as reported by industry sources, which could be one of the substantial share sales in the United Arab Emirates lately. Equally...
Africa’s primary aluminium production grows 4% M-o-M to 135,000 tonnes in July’21 but stands flat on the year
According to the International Aluminium Institute (IAI), primary aluminium production in Africa grew 5,000 tonnes or 3.85 per cent month-on-month to come in at 135,000 tonnes in July 2021. A month ago, in June, primary aluminium output in Africa was 130,000 tonnes, down by 6,000 tonnes or 4.41 per...
Aluminium billet inventories in China further grow by 14,400 tonnes this week due to decreased outbound quantity
According to the Shanghai Metals Market, aluminium billet inventories in China increased by 14,400 tonnes on Thursday, August 12, across the five major consumption areas, as was estimated in the previous week. SMM data found the inventories stood at 117,600 tonnes this week compared to 103,200...
Russian export of aluminium foil during 2018-20 signifies robust growth with minimal dip; 1% growth estimated for 2021
The Russian ministry of economy has raised its outlook for economic growth and oil prices in 2021 and now envisages a stronger rouble, and it has also raised this year’s inflation forecast, as reported by Reuters. However, after contracting 3% in 2020, its sharpest downfall in 11 years, the Russian...
Guangxi Power Grid Corp imposes power consumption restrictions on aluminium producers; Likely to affect half a million tonnes of smelting capacity
On Saturday, August 7, Guangxi Power Grid Corp sent a notice directing aluminium smelters in Guangxi region to reduce average electricity loads by more than 30 per cent by August 15. This move comes as a part of the effort to cut electricity usage during peak times, said consultancies AZ China and...
Wheels India starts production of cast aluminium wheels at its new facility
Wheels India has announced the commencement of cast aluminium wheels production at its new facility at Thervoy Kandigai. The company has also started to export these products the US market, said S Ram, Chairman of Wheels India while addressing shareholders at the 62nd AGM. He added that the demand...
Alba achieves 665% higher profit YoY with highest-ever production of 773,887 tonnes during 2Q2021
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, has reported a year-on-year increase of 665 per cent in Profit to BD92.6 million (US$246.2 million) for the second quarter of 2021, in comparison with a Loss of BD16.4 million (US$43.6 million) during the same...
LME aluminium price soared US$67.50/t to close at US$2624/t; SHFE price inched down US$4/t
Three-month LME aluminium inched up 0.04 per cent to end at US$ 2,597.50 per tonne on Friday, with open interest increasing 5,575 lots to 676,000 lots, and is expected to trade between US$ 2,570-2,620 per tonne today. LME aluminium cash (bid) price and LME official settlement price soared by US$...
Norsk Hydro posts record results for Q2 2021, confers credit to continued positive market sentiment
The Norwegian Aluminium company and renewable energy company and also one of the largest aluminium companies worldwide, Norsk Hydro ASA posted Q2 2021 adjusted EBITDA of NOK 6,598 million, up from NOK 2,794 million in the same quarter previous year. The continued global economic recovery is...
Turkey’s export of aluminium stranded wires during 2019-20 exhibits upsurge; 1% dip forecast for 2021
According to Reuters’ quarterly poll, Turkey’s economy will augment at the rate of 5.5% annually in 2020, which is more than previously thought and close to a government forecast, although it will be a sturdy battle countering double-digit inflation in coming years. The nation spanning Western Asia...
Aluminium’s positive market trend drives AMAG to increase its earnings forecast for 2021
The biggest company in the Austrian Aluminium industry sector, AMAG Austria Metall AG increases its earnings forecast for the current financial year predominantly due to the ongoing positive market trend of primary aluminium. The premium supplier of high-quality aluminium cast and flat-rolled...
China’s primary aluminium output hit six-year highs at 19.64 million tonnes in 1H2021: NBS
According to the data released by the National Bureau of Statistics (NBS), China’s primary aluminium output hit multi-year highs at 19.64 million tonnes in the first half of 2021. That was up by 10.1 per cent from a year ago, as smelters were encouraged by aluminium prices well above break-even...
Cameroon’s aluminium producer ALUCAM suspends formerly declared 8% price rise
The Cameroonian aluminium producer ALUCAM on 13th July 2021 puts suspension on its declared around 8% price rise which was effective from 12th July 2021. The aluminium company did not come up with any clarifications; expect it stipulated that the cause of suspension remains in the hands of internal...
Corona crisis crashes the aircraft scrap metal recycling market
The journey by aeroplane is considered as one of the fastest and sophisticated in the world for decades. Thousands of aeroplanes carry millions of passengers to reach their destinations. Now, aeroplanes also have a life-ending process, or we say retirement, but in reality, an aeroplane never dies,...
