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 prebaked anode exports up by 23.4% Y-o-Y in H1 2020, exports in June decline 13%
Prebaked anode exports by China totalled 796,500 tonnes in the first half of 2020, up 23.4 per cent from a year earlier, found the latest customs data. The exports were barely hit by the COVID-19 outbreak as producers increased shipments to overseas to minimize the buildup inventory. However, for...
COVID-19 impact: World primary aluminium consumption dropped 9% YoY to 15.482 million tonnes in Q2: Hydro
Hydro said in its Q2 results report that global primary aluminium consumption in Q2 declined 9 per cent due to the coronavirus pandemic. The world consumption stood at 15.482 million tonnes in Q2 as compared to 17.01 million tonnes in Q2 2019. In January-June, primary aluminium consumption came in...
Rio Tinto lodges complaint with ICA over ISAL aluminium smelter power agreement
Rio Tinto announced that it has submitted a formal complaint to the Icelandic Competition Authority (ICA) alleging abuse of market dominance by energy supplier Landsvirkjun to the company’s ISAL aluminium smelter in Iceland. The company is asking the ICA to address anti-competitive conduct by...
China’s secondary aluminium operating rates fell nearly 1% in June on lower domestic downstream demand
According to the Shanghai Metals Market data, China's average secondary aluminium operating rates in June fell 0.7 percentage point to 48 per cent month-on-month. In May, the operating rates were 48.69 per cent after growing by 1.6 percentage points from the previous month. Year-on-year, China’s...
LME aluminium price displayed bearish trend last week ranging between $1664.50-1618/t; SHFE price also edged lower
The US dollar started the week lower on July 13, and then fell to its lowest in more than a month against a basket of rivals on Tuesday, July 14. On Wednesday, July 15, the dollar expanded its decline and stood at the lowest level in nearly five weeks. On Thursday, July 16, the currency, however...
LME aluminium price edged lower by $24/t on US dollar rise after four consecutive days of losses; SHFE extended decline
The US dollar rose on Thursday, July 16, while global stocks fell, as investors reacted to a mixed batch of economic data out of China and the US. The US dollar index, which measures the currency against a basket of rivals, gained 0.29 per cent to 96.250, after four consecutive days of losses....
Three-month LME aluminium ended at US$1,678.5/t; SHFE aluminium fell 0.72%
The US dollar declined to the lowest level in nearly five weeks. LME aluminium shed 0.24% and SHFE aluminium dropped 1.24%. Three-month LME aluminium recovered from a session low of US$1,673 per tonne, ending last night at US$1,678.5 per tonne. LME aluminium is expected to trade between...
LME aluminium price trended down to $1640 per tonne; SHFE price slipped by $9/t
The US dollar fell to its lowest in more than a month against a basket of rivals on Tuesday as stocks on Wall Street gained. Three-month LME aluminium eased 0.44 per cent to US$1,682.5 per tonne on Tuesday in choppy trading. It is likely to move between $1,670-1,710 per tonne today. As of Tuesday,...
CPCA shows an expanded Y-o-Y hike in China’s passenger car sales in June on improved domestic vehicle market
The China Passenger Car Association data released on Thursday, July 9, that country’s new energy passenger car sales surged 25 per cent month-on-month to come in at 83,000 units in June, in the wake of domestic passenger vehicle market’s improvement over the past four months. However, on a...
China’s primary aluminium production grows 2.42% year-on-year in June: SMM survey
According to Shanghai Metals Market survey, China’s primary aluminium production in June totalled 3 million tonnes, up 2.42 per cent year-on-year. As of June-end, there were 36.76 million tonnes of primary aluminium capacity in operation out of the existing 41.23 million tonnes per year total...
Three-month LME aluminium scaled highest in four months to close at $1665/t; SHFE rebounded at $2062/t
The US dollar edged lower on Wednesday, July 8, as investors weighed hopes for a quick economic recovery against concerns about resurgence in the coronavirus pandemic, particularly in the US. Three-month LME aluminium scaled the highest level in four months, topping US$ 1,670 per tonne, before it...
LME aluminium price recorded a slight rise to close at $1596.5/t; SHFE dipped after six declines in a row
The US dollar inched higher against a basket of currencies on Tuesday, July 7, holding above the near two-week low hit in the previous session, as investors turned uneasy over new coronavirus flare-ups and local lockdowns in some countries. Three-month LME aluminium held onto one-month highs on...
Three-month LME aluminium fell nearly 1% to end at $1612/t; SHFE price up for the fifth straight day
The US dollar was hemmed into a narrow range on Friday, while European stocks closed lower as concern over a spike in US coronavirus infections tempered the optimism arising from upbeat economic data out of the US, China and the eurozone. Three-month LME aluminium fell 0.74 per cent to end at a...
LME aluminium price showed bullish sentiment this week on opening stock decline, SHFE trended up at $2022/t
The US dollar started the week on a negative footing and edged lower on Monday, June 29, and extended the downfall on Wednesday, July 1. Three-month LME aluminium closed higher on Monday, June 29, for the second consecutive session, ending at US$ 1,613 per tonne, up 0.97 per cent on the day. On...
US aluminium crude metal and alloys imports fall 17% in Q1 2020, imports from Canada up 35%
In the first quarter of 2020 (January-March), the United States imported 740,000 tonnes of aluminium crude metal and alloys, compared to 895,000 tonnes in the first quarter of the previous year, found the US Geological Survey. Hence, the import volume in Q1 2020 registered a decline of 155,000...
Three-month LME aluminium closed higher at $1613/t for the second consecutive session; SHFE hiked to $1977/t
The US dollar started the week on a negative footing and edged lower on Monday. Market sentiment was lifted as the European Union is preparing to open its borders to travellers from 14 countries after months of lockdown. Three-month LME aluminium closed higher for the second consecutive session,...
LME aluminium price recorded second straight decline at US$1543.5/t; SHFE contract finished the day 0.51% lower
Benchmark aluminium price on the London Metal Exchange dropped 1.31 per cent to US$ 1543.50 per tonne on Thursday, June 25, from US$ 1564 per tonne on Wednesday, June 24. As of Thursday, June 25, LME aluminium cash (bid) price and LME official settlement price slipped by US$ 20.5 per tonne to stand...
China’s aluminium production sector looks promising even after the COVID-19 crisis, suggests analyst
China’s giant aluminium production sector looks like being untouched by the COVID-19 crisis, according to an observation by a columnist for Reuters. The country’s annualised production has increased by 718,000 tonnes over the first five months of 2020, as per the latest estimate from the...
