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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China’s state metal reserves sold 50,000 tonnes of aluminium in just one day of two days auction on July 5-6
According to a report on Tuesday, July 6, China’s state metal reserves took only one of two days allotted of the auction to sell all the aluminium and copper that was on offer. Last month, the National Food and Strategic Reserves Administration announced that it would sell 50,000 tonnes of...
Russia gearing to impose export tax on metal producers, including aluminium with $2.3 billion in Aug-Dec
On 24th Jun2 2921, the officials of the largest country in the world, Russia said that the government is gearing to impose new export taxes for aluminium, steel products, nickel and copper which will cost their producers $2.3 billion between 1st August and 31st. Russia wants to safeguard its...
EGA in talks with banks to refinance $6 billion loan it secured in 2019
The world’s largest premium aluminium producer, Emirates Global Aluminium is in discussion with banks to refinance and transpose the terms of a loan of about $6 billion it secured in 2019, as reported on 23rd June 2021 by close references on this matter. The references stated that the UAE based...
China to auction 50,000 tonnes of aluminium from state reserves in the first batch of bidding on July 5-6
On Tuesday, June 22, China’s state reserves administration said it would publicly auction 100,000 tonnes of non-ferrous metals early next month. In three separate notices, the National Food and Strategic Reserves Administration said that it would auction 20,000 tonnes of copper, 30,000 tonnes of...
For a sustainable world, a linear economy is no more desirable but needs to evolve into a circular green one, as per Circular Aluminium Action Plan and Green Deal 2050, Fabrizio Ciampoli, CEO, Ciampoli Consulting
AlCircle: Can you give us your view of the actual status of the Aluminium market in the EU? Mr Fabrizio Ciampoli: After 2020 with a lockdown due to Covid19 we are finally seeing a global recovery: this is definitely a positive trend but, as a downside, prices of raw materials are at their highest,...
LME aluminium price settled US$5/t higher at US$2417.50/t; SHFE price climbed to US$2897/t
Three-month LME aluminium edged down 1.41 per cent to close at US$ 2,420.5 per tonne last night, and is likely to trade between US$ 2,410-2,460 per tonne today as the lower US dollar supports commodity prices. On Monday, June 7, LME aluminium cash (bid) price and LME official settlement price...
South Korea’s import of aluminium wire during 2019-20 manifests marginal decline; 2021 predicts further drop with a surge in expenditure
South Korea remains the fourth largest economy in Asia and its growth is driven by exports of chips and electronics and a rise in investments. The governor of the Bank of Korea, Lee Ju-yeol said earlier in April that ‘mid-3%’ growth was very possible this year, up from a previous forecast for 3%...
Russia’s exports of crude metals and alloys to the US stand higher at 17,500 tonnes in March 2021
Russia’s exports of crude metals and alloys to the US stood at 17,500 tonnes in March 202, an increase of 222.28% year-on-year. The Russia had exported 5,430 tonnes to the US in March 2020, according to the latest Mineral Industry Survey report from the US Geological Survey. In the first three...
Primary Aluminium Weekly Recap: A00 aluminium ingot price in China surged by RMB480/t; Hindalco and Vedanta raised ingot prices
Primary aluminium market has witnessed a rise in LME aluminium benchmark price this week during May 24-28. The Chinese domestic aluminium ingot price has also seen a surge of RMB 480 per tonne through the week. Besides, the market has encountered hikes in Vedanta’s and Hindalco’s aluminium ingot...
US primary aluminium production stands at 75,000 tonnes in March; secondary recovery declines 10% MoM
According to the latest report from the US Geological Survey, US domestic primary aluminium production stood at 75,000 tonnes in March 2021. The average daily output came in at 2,410 tonnes, down 3% month-on-month and 21% year-on-year. Total aluminium recovered from scrap was 272,000 tonnes in...
China’s aluminium price rally leads to a dip in secondary aluminium operating rates by 0.25 percentage point in April 2021
In April 2021, operating rates at China's secondary aluminium producers stood at 41.35 per cent, inching down by 0.25 percentage point month-on-month but up by 17.92 percentage points year-on-year. Operating rates at large enterprises increased slightly as furnaces resumed normal operation from...
Primary aluminium weekly recap: LME aluminium price inched down by $10.50/t to close at $2392/t; World primary aluminium production shrinks 3% M-o-M to 5.56MT in April
On 20 th May 2021, three-month LME aluminium fell 2.49% to close at US$ 2,554 per tonne. The world primary aluminium production stood at 5.560 million tonnes in April 2021, reflecting a month-on-month downfall of 3.20% from 5.744 million tonnes, as revealed by International Aluminium Institute. On...
LME aluminium price plunged by US$65.50/t after three days of hike; SHFE price fell sharply by 3.31% to US$2950/t
Three-month LME aluminium fell 1.48 per cent to close at US$ 2,429.50 per tonne on Wednesday, May 19. It is expected that the contract will trade between US $2,350-2,450 per tonne today. LME aluminium cash (bid) price and LME official settlement price plunged by US$ 65.50 per tonne after the last...
Revenues in 2021 may exceed PLN 2 billion at current product prices, says CEO of Alumetal Group
Europe’s one of the biggest, most modern and constantly developing manufacturers of secondary aluminium casting alloys and primary alloys, Alumetal has confirmed from the beginning of the Q4 2020, the metal company is hopeful about the market situation, which has developed an impact on the level of...
COVID pandemic drove Rusal’s Aughinish Alumina to loss in 2020
The globally most technologically advanced and energy-efficient alumina refinery and Europe's largest operated by Rusal in Ireland, Aughinish Alumina drove into a loss in 2020, as the Covid-19 pandemic hit demand for alumina from one of the biggest aluminium smelters of Europe. During the filling...
Rusal’s aluminium production in March quarter drops 2% QoQ to 932,000 tonnes; Sales decrease 6.4% to 962,000 tonnes
On Tuesday, April 27, Rusal announced that its aluminium production in the first quarter of 2021 stood at 932,000 tonnes, with Siberian smelters representing 93 per cent of the total aluminium output. The production in Q1 reflected a quarter-on-quarter drop of 1.9 per cent from 950,000 tonnes and...
Insane market, industry fighting over aluminium and metals: Alumeco
The Danish aluminium and metal supplier Alumeco, providing aluminium solutions for the metal-consuming industries are experiencing a fierce battle for raw materials, which has also risen in prices. The COVID-19 pandemic has disrupted the balance of demand and supply. Since May’20, the price of...
LME aluminium price closed US$29/t higher at US$2373.50/t; SHFE price shed US$6/t to US$2801/t
Three-month LME aluminium settled 0.3 per cent lower at US$ 2,358.50 per tonne on Thursday, April 22, and is expected to move between US$ 2,340-2,390 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 29 per tonne to stand at US$ 2,373.50 per tonne on...
