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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Unwrought aluminium alloy exports in China dip 6.6% YoY in July
China’s exports of unwrought aluminium alloy in July declined 6.6 per cent compared with the same period last year. Exports in China came in at 39,500 tonnes last month, showed data from China Customs. Unwrought aluminium alloy exports declined 22.3 per cent month-on-month, as exports of primary...
Primary aluminium production in Germany registers a drop of 5.6% during January-June 2019: Source says
According to Gesamtverband der Aluminiumindustrie (GDA), the federation of German aluminium industry, the first half of 2019 saw a mixed bag of business activity development. While primary aluminium producers and processors had to reduce production by 5.6 and 5.4 per cent respectively, aluminium...
LME aluminium extended its decline yesterday despite dollar's gain; SHFE lost gains influenced by its counterpart
The dollar fell but moved within narrow ranges yesterday. The dollar index slipped some 0.1% and finished at 98.22. Base metals closed lower across the board. LME aluminium slid 0.7%. SHFE aluminium lost 0.5%. Three-month LME aluminium extended its declines overnight and fell to a low of US$1,774.5...
Xinfa Group closes 500,000 tonnes of aluminium capacity after explosion in Xinjiang plant
Reuters reports that Xinfa Group, one of China’s top aluminium producers, has closed an aluminium production line after an explosion at a plant in the north-western region of Xinjiang. The blast took place at its electrical transformer on August 18. The news is confirmed by an unidentified company...
Iran's primary aluminium output dropped 32% YoY in the first four months of Iranian year
Iran's primary aluminium output stood at 83,207 tonnes during the first four months of the current Iranian year (March 21-July 22). The output dropped 32% in comparison with last year's corresponding period. This was reported by the Iranian Mines and Mining Industries Development and Renovation...
India’s aluminium foil import to decline 40% in 2019 after a sweeping growth last year
According to a report, the global aluminium foils market is expected to grow at a CAGR of 5.5 percent until 2020 to reach 6.4 MMT during the forecasted period, primarily driven by the increasing demand for beverage cans, the major end-user of aluminium foil. The demand for aluminium foils is going...
The US crude metal and alloys imports down 10% YoY and 6% MoM in May; exports drop by 17% YoY
Aluminium imports by the US for consumption stood at 2.43 million tonnes during five months period 2019, down 480,000 tonnes or 16.49% from 2.91 million tonnes during five months period 2018, according to the latest Mineral Industry Survey report from US Geological Survey. In May, the US imported...
Bahrain’s aluminium wire export to rebound in 2019 after a Y-o-Y drop in the previous year
The global aluminium wire market has been found growing at a steady rate over the past few years, primarily driven by the rising demand in the rapid urbanization around the world, the increased support from governments, as well as the new production techniques that reduce not only the cost of...
LME aluminium plunged to a two years low yesterday; SHFE likely to strengthen up in the short term
The US dollar inched up on Wednesday as investors turned to safe havens on growing concerns about the weak global economy after New Zealand’s central bank cut interest rates by more than expected. LME base metals closed mixed on Wednesday. LME aluminium shed 0.2% and SHFE aluminium lost 0.3%. LME...
Weekly highlight: A robust dollar kept LME and SHFE aluminium under pressure over the week; trend likely to continue
The US dollar held near a two-month high in the beginning of the week as investors await the latest monetary policy decision from the Federal Reserve as well as developments from US-China trade talks. The US dollar sharply rose on Wednesday, hitting a two-year high against a basket of other...
Century Aluminium’s net sales dropped 3% over the quarter in Q2 2019; Adjusted EBITDA declined by over 70%
The US-based global aluminium producer Century Aluminium, on August 1, announced that its net sales for the second quarter of 2019 declined 3 per cent over the quarter to come in at $473.1 million. In Q1 2019, the company’s net sales were at $490 million. It reported a net income loss of $20.7...
Three months LME aluminium underperformed overnight after a rise in day's trading; SHFE likely to remain strong
The US dollar traded rangebound on Tuesday as investors awaited the latest interest rate decision from the Federal Reserve and the index inched up 0.01% to 98.066. LME base metals closed lower across the board on Tuesday. LME aluminium declined 0.6% and SHFE aluminium traded lower overnight....
Update 2019: Top Five Aluminium Powder Manufacturers in India
The global aluminium powder market is clearly growing buoyed by the automotive paints and sealants and other industrial pigments sectors. According to a research study, the market in 2017 was valued at US$ 3 billion and is likely to reach US$ 3.92 billion by the end of 2025, growing at a CAGR of...
UK’s aluminium foil import to rise 4.2% YoY in 2019 after remaining flat last year
In Europe, as flexible packaging market is expected to grow from $28.22 billion in 2016 to $ 41 billion by the end of 2021 at a CAGR of 7.76%, the United Kingdom emerges as a large consumer of aluminium foils. According to the global export-import data, the United Kingdom in 2016 imported 66,025...
Alcoa lowers its aluminium demand projections for 2019; projects an aluminium deficit and an alumina surplus
Alcoa this week reported a net loss of $402 million and negative free cash flow of US$7 million on its $2.7 billion of Q2 2019 revenue. Divesting of interest in the Ma'aden Rolling Company (MRC) in Saudi Arabia costed the company dearly. Results were negatively affected by lower alumina and...
Falling US dollar buoyed LME aluminium yesterday to a two month's high; SHFE followed upward trend
The US dollar extended its losses against the euro, yen and other major currencies and the dollar index slid 0.54% and ended at 96.696. Base metals traded mostly higher. LME aluminium rose 0.2% and SHFE aluminium climbed 0.25%. Three-month LME aluminium registered the sixth consecutive trading day...
Chinese secondary aluminium producers operating rates decline in June for the third month in a row
Shanghai Metals Market survey shows the operating rates of Chinese secondary aluminium producers have fallen for the third consecutive month in June to 52.24 per cent, down 1.49 percentage point month-on-month and 0.5 percentage point year-on-year. Sluggish secondary aluminium demand among...
Improved macroeconomic sentiment buoyed LME and SHFE aluminium yesterday; likely to continue the trend today
Poor summer trades bolstered the US dollar yesterday. Base metals ended mostly higher. LME aluminium climbed 0.8% and SHFE aluminium went up 0.3%. Improved macroeconomic sentiment buoyed most base metals yesterday. All LME aluminium contacts settled over US$ 1800 per tonne mark. Three-month LME...
