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 declined by over $20/t to stand at $1697/t; SHFE remained restrained
The US dollar traded at a two-month high and was set for a fifth day of gains on Thursday, September 24, as investors sought safety on concerns over economic recovery as coronavirus cases surged in Europe and on US data showed rising unemployment claims. As of Thursday, September 24, both LME...
China's unwrought aluminium and aluminium products import hits more than 11-year high
According to a Reuters report, China’s imports of unwrought aluminium and aluminium products stood at 429,464 tonnes in August, the highest in more than 11 years, according to the General Administration of Customs. The increase in import was due to lower overseas prices. China remained a net...
MCX witnesses delivery of 30,771 tonnes in aluminium
The Multi Commodity Exchange of India (MCX) witnessed a total shipping of 30,771 tonnes in aluminium after completion of its August contract delivery cycle. The total delivery of 1,06,814 tonnes recorded in the five base metal contracts viz. Aluminium, Copper, Lead, Nickel and Zinc, which were...
Three-month LME aluminium hiked 0.81% to close at $1795.5/t; SHFE increased to $2172/t
As of Friday, September 18, three-month LME aluminium increased 0.81 per cent to close at US$ 1,795.5 per tonne in choppy trading and is likely to fluctuate range-bound in the short term. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1745 per tonne on September 18,...
China’s unwrought aluminium alloy imports soared by 706% in H1 2020 with the hike in June imports by over 750% Y-o-Y
China's unwrought aluminium alloy imports in June 2020 increased by 88.3 per cent month-on-month and 754.5 per cent year-on-year to stand at 131,000 tonnes, in contrast to the downfall in exports, according to the latest China customs data. With this hike in imports, China secured total 466,500...
US aluminium semis imports rebounded to 74,500 tonnes in June 2020; Total imports in H1 edged lower by 40% Y-o-Y
According to the latest data shared by the US Geological Survey, the United States aluminium plates, sheets and bars imports rebounded to 74,500 tonnes in June 2020. In May, the country imported 68,500 tonnes, declining by 6,000 tonnes from April. The US imports in June saw an increase of 8.76 per...
China’s August exports of unwrought aluminium and aluminium products hit four-month high
According to a Reuters report, China’s exports of unwrought aluminium and aluminium products stood at 395,424 tonnes in August, the highest in four months. The exports registered a decline of 11% from August 2019. Unwrought aluminium and aluminium products export came in at 3.13 million tonnes in...
Chinese aluminium producers operating rates recovered 0.2 percentage point last week; September looks more optimistic
In the week earlier, operating rates across major aluminium processors in China climbed 0.2 percentage point on a weekly basis to stand at 77.4 per cent. Orders from automobile, construction, electronics, and packaging sectors improved, while orders at extrusion, wire, and cable producers did not...
EEPC urges Commerce Minister to continue MEIS Scheme with no limit on claims for COVID hit aluminium industry
Engineering Export Promotion Council (EEPC) wrote a letter to the Commerce Minister, on Thursday, September 3, urging the continuation of the MEIS Scheme with no limit on claims for aluminium exports. The Council thinks this to be the best way to retain competitiveness in the market and survive the...
China’s aluminium imports surpassing exports over months on London-Shanghai price disconnect
Rise in China’s aluminium imports in July 2020 versus decrease in exports is seen as an inversion in trade flows due to the disconnect between Chinese market, which is in full recovery mode from the COVID-19 pandemic, and the rest of the world that is still struggling to get back on its feet....
SHFE aluminium price rose marginally by $1/t to $2154/t, most-liquid SHFE 2010 contract ended 0.7% lower
The US dollar hit a more than two-year low and a fourth straight month of losses on Monday in the wake of the US Federal Reserve’s policy shift on inflation. It is down 1.24 per cent for the month, marking its worst August in five years and the longest run of monthly losses since the summer of...
LME aluminium price settled higher this week at $1762/t amidst incessant opening stock decline; SHFE trended up at $2128/t
Three-month LME aluminium started the week on Monday, August 24, with a growth of 0.11 per cent to stand at US$ 1770 per tonne. On Tuesday, the price settled 0.51 per cent higher at US$ 1779 per tonne, which however, weakened a bit by 0.17 per cent on Wednesday, August 26, to end at US$ 1776 per...
Brazil’s importation market for Aluminium wires remains wavering during 2017-20
Brazil has a developing mixed economy that is the ninth-largest in the world by nominal Gross Domestic Product and eighth-largest by purchasing power parity in 2019. According to the International Monetary Fund, Brazils 2019 nominal GDP was R$6.826 trillion or US$1.868 trillion. The Latin American...
COVID-19 Impact: Metro Mining forwarding wet-season shutdown at its Bauxite Hills Mine
Metro Mining Limited has announced that it is moving into the planned 2020 wet season shutdown earlier than usual. The decision has been made given the ongoing pandemic of COVID-19 which continues to have an adverse impact on the market demand and price in the aluminium industry. Mining at the...
The US imports of crude metal and alloys up by 5% YoY in Jan-May; exports drop 28%
The US imports of crude metal and alloys rose 10% year-on-year to stand at 316,000 tonnes in May 2020. Crude metal and alloys import were at 287,000 tonnes in May 2019. Imports dropped 6.5% month-on-month from 338,000 tonnes in April, according to the latest Mineral Industry Survey report from US...
Grupa Kety: Polish Aluminium extruder’s sales upswings on German exports, domestic market drops
Grupa Kety, the Polish aluminium extruder has reported with a record rise of sales in the Q2. The aluminium firm secured new export markets from suppliers that were forced to axe production due to the COVID-19 pandemic. Sales of Grupa Kety surged by 5% on the year to 22,000 tonnes in April-June...
Century Aluminium reports an increase in Q2 primary aluminium shipments by 4% but a decline in net sales to $401.9 million
The United States-based primary aluminium producer Century Aluminium Company announced its second quarter results on Wednesday, August 5, mentioning an increase in primary aluminium shipments by 3.65 per cent quarter-on-quarter. According to the report, the shipments in Q2 2020 increased from...
Wheels India plans to start cast aluminium wheels export to the US from September
Wheels India Limited has planned to export forged aluminium wheels to the US. This would meet the market demands in the US market. The company’s new cast aluminium wheel plant will begin exports to the market from September. “The financial year will be a difficult one due to declining economies in...
