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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Africa’s Jan-May primary aluminium output declines 2.18% YoY
Africa produced 139,000 tonnes of primary aluminium in April 2020, a decrease of 2.11% from 142,000 tonnes in May 2019. The output climbed by 4.51% from April’s 2020’s production of 133,000 tonnes and 0.72% from March 2020’s production of 138,000 tonnes, according to the latest data showed by the...
LME aluminium price increased to $1577.5/t; Most-liquid SHFE contract came off from session highs
The US dollar continued to edge lower on Tuesday, June 23, hitting the lowest level in more than a week, as the US President Donald Trump boosted investors’ optimism after he tweeted that the trade deal with China was “still intact”. This followed an increase in the greenback when the markets were...
China’s unwrought aluminium and products imports climbed 164.8% YoY in May
China’s imports of unwrought aluminium imports and aluminium products stood at 119,145 tonnes in May, more than doubled year-on-year, customs data showed on Tuesday. Imports increased by 12.3% month-on-month. On a yearly basis, imported jumped 164.8% from May 2019, the General Administration of...
Three-month LME aluminium finished lower at US$ 1,586 per tonne; SHFE climbed US$8/t
The US dollar rose for the fourth consecutive day last Friday and posted its best weekly gain in a month, as fears of a second wave of coronavirus infections boosted demand for safe-haven assets. The dollar index, which measures the greenback against six major peers, was up 0.2% at 97.622, notching...
China’s economy revival to lead to global aluminium recovery in H2 2020, but oversupply issues to persist: Alcoa CFO
Aluminium demand is likely to rebound in the second half of 2020 as China’s economy has begun to revive leading to the global recovery from the COVID-19 pandemic. But the overcapacity may continue to pose challenges to the industry, pointed out Alcoa CFO William F. (Bill) Oplinger in early June....
Hindalco plans to sell two-thirds of its aluminium production overseas
Hindalco Industries Limited has planned to sell about two-thirds of its aluminium production overseas this year on lower local demand due to the coronavirus pandemic, Bloomberg reported. Managing Director Satish Pai said exports will increase by around 65% of total production compared with last...
China Aluminium Processing Summit 2020: Domestic aluminium demand to remain robust till mid-June
Shanghai Metals Market chief aluminium analyst Frank Liu estimates strong domestic demand for aluminium to likely sustain till mid-June in China. Speaking at the China International Aluminium Processing Industry Summit in Yantai on June 11, Liu pointed out that although the global demand for...
China’s primary aluminium production in May stands highest since December: NBS
According to the data released by the National Bureau of Statistics, China’s primary aluminium production in May stood at 2.98 million tonnes, which was marginally up by 0.4 per cent from 2.967 million tonnes in April and the highest since December 2019. The launch of new smelting capacity and the...
Aluminerie De Bécancour Inc.: The “Corona” crisis created challenging markets
The COVID-19 pandemic has slowed down the restart of the Bécancour Smelter. However, 90% is complete now and more than 200 people have been hired since January’20. Nicole Coutu, General Manager, who also became CEO of Alcoa Canada, admitted that the markets are very difficult. On 11 th June’20,...
LME aluminium price surged to US$1613.5/t on extended loss of US dollar; SHFE price grew further by US$13/t
The US dollar extended losses on Wednesday, falling to a fresh three-month low against a basket of major currencies after the Federal Reserve made no policy changes, as expected. Three-month LME aluminium recovered its declines from March as it climbed on a softened US dollar, hitting a session...
Press Metal’s low-cost structure and scarcity premium for aluminium to underpin its stock price
Press Metal Aluminium Holding Bhd’s low-cost structure, good track record under the present management, and scarcity premium for aluminium are likely to support its share price. The company’s operating cash flows also look healthy as reflected in the financial results of Q1 CY2020 March 31, said...
LME aluminium price declined to US$1565.5/t on increasing opening stock; SHFE price continued to grow
The US dollar continued to trade lower against all of the European currencies on Tuesday ahead of the Federal Reserve’s monetary policy announcement. Three-month LME aluminium recovered after declined, but it failed to end higher on the day as it lost 0.12 per cent on the day at US$ 1,603 per...
Primary aluminium output in China grows to 3.07 million tonnes in May; Operating rates up 0.2 percentage point
According to the data released by Shanghai Metals Market, China’s primary aluminium production in May grew nearly 1 per cent over the year to 3.07 million tonnes. Compared to the previous month, the output stood higher by 3.72 per cent. In April 2020, China’s primary aluminium production was 2.96...
COVID-19 Hit: Japan’s primary aluminium demand looks bearish till September due to slow production recovery
Japan is likely to continue to see a sluggish primary aluminium demand between July and September, owing to slow aluminium products manufacturing recovery from the COVID-19 pandemic and increased imports from overseas. Discussions over the Japan aluminium premium for the September quarter started...
China’s unwrought aluminium, aluminium products exports continued to decline to 382,900 tonnes in May
Exports of unwrought aluminium and aluminium products continued to trend lower in China. Exports of these products dropped by 28.56% from a year ago in May, after a decline of 11.4% in April. Unwrought aluminium and aluminium products exports stood at 382,900 tonnes, according to data from the...
Weekly update: The week saw a flat alumina price trend; A00 aluminium ingot price witnessed mixed performance
The alumina price in China continued to remain flat over the week. The price started the week with an increase of RMB 7 per tonne to stand at RMB 2220 per tonne. On Wednesday, June 3, the average spot price of alumina stood RMB 16 per tonne higher at RMB 2236 per tonne, after remaining restrained...
Three-month LME aluminium ended at a 10-week peak; SHFE aluminium shed 1.06%
The US dollar eased further on Tuesday. The dollar index, which gauges the greenback against a basket of major currencies, fell for a sixth straight day and plumbed the lowest since March 13 at 97.4335. LME aluminium climbed 1.4% and SHFE aluminium inched up 0.3%. Three-month LME aluminium climbed...
RUSAL concludes first 2020 Ruble bond placement
RUSAL one of the leading global aluminium producers declares the conclusion of the book-building process for the new placement of its 10-year ruble-denominated bonds with a three year put option on the Moscow Exchange, the nominal value of 10 billion rubles and a coupon rate of 6.5% per annum, a...
