LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
Canada’s H1’26 aluminium exports dip 12.57% amid US tariffs: What does H2 hold?
The first half (H1) of 2026 witnessed Canada’s exports of unwrought aluminium taking a deep plunge. The country supplied a total of 1.33 million tonnes of aluminium products to the world including unwrought aluminium, bars, rods and profiles, aluminium foil, pipes and tubes, plates, sheets and...
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LME aluminium closed for Easter Monday; SHFE aluminium gained 1.36%
The London Metal Exchange was closed on Friday and Monday for Good Friday and Easter Monday. On Thursday, 1 April, Three-month LME aluminium settled 0.79 per cent higher at US$ 2,230 per tonne. As of Thursday, April 1, both LME aluminium cash (bid) price and LME official settlement price remained...
Hungary’s export of aluminium wire during 2018-19 bespeaks marginal dip; 2020 records enterprising growth
According to ERSTE Research, the Hungarian economy was forecasted to shrink by 6.1% in 2020, followed by a growth of 3.9% in 2021. The carryover effect of the 4Q20 lockdown and worsening labour market conditions will likely weigh on consumer consumption. Investment activity should also remain...
The US imports of crude metal and alloys stand 28% lower in January 2021; Exports down 5.42%
The US imports of crude metal and alloys stood at 250,000 tonnes in January 2021. That was a decline of 28% from 347,000 tonnes in January 2020, according to the latest Mineral Industry Survey report from the US Geological Survey. On a monthly basis, crude metal and alloys imports increased by 9%...
LME aluminium price slipped to US$2208/t amid continued decline in aluminium opening stock; SHFE price further gained US$11/t
Three-month LME aluminium rose 0.36 per cent to close at US$ 2,256 per tonne on Thursday. It is expected to trade between US$ 2,230-2,260 per tonne today. LME aluminium cash (bid) price and LME official settlement price decreased by US$ 12.50 per tonne on Thursday, March 25, to stand at US$ 2208...
Russia’s exports of crude metals and alloys to the US down by 44.88% in 2020
Russia’s exports of crude metals and alloys to the US stood at 10,200 tonnes in December 2020. That was down by 22.14% year-on-year from 13,100 tonnes in December 2019, according to the latest Mineral Industry Survey report from the US Geological Survey. On a month on month comparison, exports rose...
Sanjeev Gupta’s GFG Alliance obtained Trafigura loan by offering Aluminium at a discount to market prices
The British commodity tycoon, Sanjeev Gupta's GFG Alliance in 2018, obtained a loan from Singaporean multinational commodity trading company, Trafigura by agreeing with a six-year deal to sell aluminium to the world’s leading independent commodity trader at a discount to market prices, as it has...
Narrow downstream demand and soaring aluminium prices lead to weaker secondary aluminium operating rates in China in Feb’21
According to the Shanghai Metals Market, secondary aluminium producers operating rates in China recorded a month-on-month plunge of 20.8 percentage points in February 2021 to stand at 41.35 per cent. However, on a year-on-year calculation, the operating rates increased by 23.23 percentage points,...
China’s aluminium wire and cable producers’ operating rates decline 3.26 percentage points M-o-M to 26.63% in Feb’21
According to the Shanghai Metals Market, China’s aluminium wire and cable producers’ operating rates saw a decrease of 3.26 percentage points month-on-month to 26.63 per cent in February 2021. However, it reflected an increase over the year by 10.48 percentage points, found SMM. The monthly...
LME aluminium price edged nearly 1% higher to US$2153.50/t; SHFE price rose to US$2598/t
Three-month LME aluminium gained 1.83 per cent to settle at US$ 2,175 per tonne on Monday, with open interest adding 4,910 lots to 694,000 lots. LME aluminium cash (bid) price and LME official settlement price grew by US$ 18.50 per tonne on Monday, February 22 to reach at US$ 2153.50 per tonne,...
China’s primary aluminium production grows 1.22% M-o-M and 8.14% Y-o-Y to 3.32MT in January
In China, primary aluminium production stood at 3.32 million tonnes in January, registering an increase of 1.22 per cent month-on-month from 3.28 million tonnes in December and 8.14 per cent year-on-year, showed Shanghai Metals Market. China’s daily average primary aluminium output rose 1,400...
LME aluminium price closed the week at US$1987/t; SHFE jumped to US$2352/t on Monday
Three-month LME aluminium ended 0.23 per cent lower at US$ 1,977 per tonne last Friday, January 29, with open interest increasing 1,937 lots to 741,000 lots, and is likely to trade between US$ 1,990-2,050 per tonne today. LME aluminium cash (bid) price and LME official settlement price climbed by...
LME aluminium price rebounded to US$2011.50/t amid continued decrease in opening stock; SHFE price down by US$11/t
Three-month LME aluminium rose 1.28 per cent to close at US$ 2,020 per tonne on Monday, January 25, with open interest rising to 740,000 lots. Schumer, the leader of the Senate Majority Party, said that he would strive to launch a round of programs by mid-March at the latest, and the US$ 1.9...
“We can see some positive signals from the market. I believe that the LME returns to a level that is viable for our customers, which should free-up investments”, Benjamin Ulmann, Fives’ Aluminium Regional Sales Director, Middle East
Benjamin, graduated in 2005, worked for 8 year as Sales & Marketing for US based company named LUFKIN (now part of GE), a worldwide leading manufacturer of gearing solutions. Then in 2013, he worked for a UK based company named WELDING ALLOYS, a manufacturer of advanced welding consumables,...
LME aluminium price grew by US$16.50/t to close the week at US$1992.50/t; SHFE rose to US$2306/t
The LME complex performed similarly on Thursday, with aluminium advanced 0.84 per cent. Benchmark aluminium price on the London Metal Exchange grew by 0.84 per cent to close Thursday, January 21, at US$ 1992.50 per tonne. LME aluminium cash (bid) price and LME official settlement price continued to...
Chinese secondary aluminium producers operating rates increase for the second consecutive month in December 2020 to 62.65%
According to Shanghai Metals Market data, secondary aluminium producers operating rates in China increased slightly by 0.23 percentage point month-on-month to stand at 62.65 per cent in December 2020. This marks the second consecutive month of rising in secondary aluminium operating rates as they...
Metro Mining to restart Bauxite Hills mine operations in April 2021 as market condition recovers from COVID-19 pandemic
According to a report on Thursday, January 14, Metro Mining is planning to recommence its operations at the Bauxite Hills mine project, which was shut for the wet season from mid-September 2020. The operation is expected to resume in April 2021 for deliveries restarting under the existing 7 million...
SHFE aluminium price resumes from the New Year Holiday with a drop of $2/t to $2396/t on January 4
Shanghai aluminium price resumed from the New Year Holiday on Monday, January 4, with a dip of 0.08 per cent from US$ 2398 per tonne to US$ 2396 per tonne. LME aluminium on Friday, January 1, was closed. As of last Thursday, December 31, LME aluminium cash (bid) price and LME official settlement...
China’s secondary aluminium operating rates increase 5 percentage points M-o-M to 62.4% in Nov’20
According to the Shanghai Metals Market, China’s secondary aluminium producers operating rates gained 4.9 percentage points month-on-month in November 2020, following a decline in October. The operating rates came in at 62.4 per cent, down 0.1 percentage point year-on-year, showed the data. The...
