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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COVID-19 hit: Rusal loses 70-80% of its customers’ usual aluminium demand
Aluminium producer Rusal is seeing a 70-80 per cent cut in demand from customers, after the market slowed down in April due to the COVID-19 pandemic. The news came after Roman Andryushin, Rusal’s head of sales and marketing, told Reuters that its customers are returning with 20-30 per cent of their...
Bearish global aluminium spot price encouraging investors to take part in metal storage trade
According to a recent survey, commodity investors are rushing to make profit from a surplus supply of aluminium. They are buying the metal to store and sell it for future delivery when millions of tonnes of lightweight metal are being produced across the world. As smelters are continuing to produce...
Three-month LME aluminium stepped down from two-month highs; SHFE down to US$1869/t
The US dollar fell against a basket of rivals for a fifth straight trading day on Monday as risk sentiment improved on optimism that the worst of the economic downturn caused by the global spread of the coronavirus may be in the past. Three-month LME aluminium pulled back from two-month highs on...
COVID-19 Impact: Sri Lanka’s aluminium extrusions market to drop 40% due to lower demand and sales
The aluminium extrusions market in Sri Lanka is anticipated to drop 40 per cent, owing to the hit on the property sector by the COVID-19 pandemic, said Lanka Aluminium Industries Plc in a stock exchange filing. “We expect the market size for aluminium extrusions by approximately 40 percent and...
US aluminium crude metal and alloys exports to Mexico grow above 55% in February
According to the United States Geological Survey data, the US aluminium crude metal and alloys exports to Mexico recorded a month-on-month hike of 55.67 per cent in February 2020 to stand at 9,200 tonnes. In January, the US’ exports to Mexico were 5,910 tonnes after plunging by 3.7 per cent from...
China’s primary aluminium inventories continued to decline to 878,000 tonnes over the weekend
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline over the weekend. Inventories stood at 878,000 tonnes as of Monday June 1, down 15,000 tonnes from Thursday May 28. The chart below...
China’s aluminium imports may hit a decade high with increasing arbitrage opportunity post COVID-19 recovery
According to Reuters report, traders and analysts estimate a significant rise in China’s aluminium imports to hit the highest level in a decade, as an arbitrage opportunity created by demand recovery after coronavirus outbreak has made the aluminium import cheaper than sourcing the metal from...
Three-month LME aluminium ended the day 0.59% higher at US$1,547/t; SHFE aluminium added 0.84%
The US dollar extended its slide against a basket of rivals on Friday. LME aluminium climbed 0.6% and SHFE aluminium gained 0.5%. Three-month LME aluminium hit a new two month-peak of US$1,549 per tonne, before ending the day 0.59% higher at US$1,547 per tonne. Shanghai Metals Market expects the...
Weekly update: Alumina price ended the week higher; A00 aluminium price performed higher over the week
The alumina market in China was flat over the week. The price did not show any movement in the first three days of the week. On Thursday, May 28, the average spot price of alumina stood RMB 2 per tonne lower at RMB 2204 per tonne. But the week ended higher at RMB 2213 per tonne, up RMB 9 per tonne....
Chinese aluminium industry’s prosperity index plunged to the lowest in April 2020
Chinese aluminium industry’s prosperity index declined to the lowest in April 2020 since the first report launched in November 2015, according to the latest report released by China Nonferrous Metals Industry Association. Decreasing by 1.2 points, the prosperity index of China’s aluminium industry...
Three-month LME aluminium ended the day higher at US$1,521.5/t; SHFE decreased to US$1847/t
The US dollar slipped on Tuesday as risk sentiment returned to the market amid a reopening world economy and this subdued demand for the safe-haven currency. Three-month LME aluminium climbed and found steady support from US$ 1,520 per tonne ending the day 1.2 per cent higher at US$ 1,521.5 per...
US aluminium crude and alloy imports from Australia record a 52% MoM fall in February: USGS
According to the United States Geological Survey data, the US aluminium crude and alloy imports from Australia saw a downfall in February by 51.75 per cent month-on-month to stand at 9,650 tonnes. Year-on-year, the imports were down by 49.74 per cent. In February 2019, the US aluminium crude and...
Africa’s Jan-Apr primary aluminium output falls 2.2% YoY
Africa produced 133,000 tonnes of primary aluminium in April 2020, a decrease of 1.48% from April 2019. The output reduced by 3.62% from March 2020’s production of 138,000 tonnes but up 4.72% from February 2020’s production of 127,000 tonnes, according to the latest data showed by the International...
Indian aluminium producers to overcome COVID-19 impact with rising exports and low input costs: Crisil
A new sector report by Crisil indicates that Indian aluminium producers are likely to sail through the COVID19 impacts smoothly with rising aluminium exports, lower input costs, and cost efficiency strategies curated by the industry. "The domestic sales loss has been offset by companies adroitly...
After December, US aluminium crude and alloys exports to Canada drop in February by 9% MoM
The Geological Survey of the United States found that after December 2019, the US aluminium crude and alloys exports to Canada fell in February 2020. The decline, as recorded by the USGS data for February, was 8.71 per cent or 740 tonnes month-on-month to come in at 7,760 tonnes. In contrast to...
Three-month LME aluminium shed 0.77%; SHFE aluminium closed 1.3% higher at RMB12,850/t
The US dollar slipped to its lowest in more than two weeks against a basket of its peers on Tuesday. LME aluminium retreated 0.8% and SHFE aluminium fell 0.4%. Three-month LME aluminium dropped 0.77% to end at US$1,488.5 per tonne on Tuesday. Shanghai Metals Market expects the contract to move at...
The gradual fall of Namibia’s Aluminium structures importation market during 2017-20
Namibia, a country in southwest Africa, is distinguished by the Namib Desert along its Atlantic Ocean coast. The country's sophisticated formal economy is based on capital-intensive industry and farming. Namibia's economy is heavily dependent on the extraction and processing of minerals for export....
Three-month LME aluminium slid 1.08%; SHFE closed 0.92% higher on Friday
The US dollar was little changed against a basket of rivals on Monday morning day, holding onto gains from last week. LME aluminium dropped 1.1% and SHFE aluminium stayed flat. Three-month LME aluminium slid 1.08% to end at its lowest since April 8 at US$1,460 per tonne on Friday. Shanghai Metals...
