LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
Canada’s H1’26 aluminium exports dip 12.57% amid US tariffs: What does H2 hold?
The first half (H1) of 2026 witnessed Canada’s exports of unwrought aluminium taking a deep plunge. The country supplied a total of 1.33 million tonnes of aluminium products to the world including unwrought aluminium, bars, rods and profiles, aluminium foil, pipes and tubes, plates, sheets and...
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Russia’s aluminium wire export continues declining in 2018, both in terms of volume and revenue
Growing consumer demand towards lightweight automobile vehicles has been incessantly stimulating the aluminium wire market demand over the years. So to say, aluminium wire market size is set to surpass US$ 65 billion by 2024, according to a new research report by Global Market Insights Inc....
LME aluminium recovered slightly overnight after closing weak on January 3; weak fundamentals to limit momentum in LME & SHFE
The US dollar weakened following the biggest slump in the manufacturing activity index by the Institute for Supply Management (ISM) since 2008. The US dollar index, which tracks the greenback against a basket of six global currencies, stood 0.5% lower at 96.32. Base metals grew for the most part as...
Large purchase triggers spot aluminium trades in east China: SMM
Shanghai Metals Market found that a purchase of more than 6,000 tonnes of spot cargoes in east China, at higher than expected prices, by an aluminium trader on Thursday, January 3, 2019, triggered the overall trades across eastern markets. The on-month aluminium contract on the Shanghai Futures...
Availability and export price drives China’s pre-baked anode shipments into international markets
Shanghai Metals Market found that slow expansion of domestic aluminium capacity led to an oversupply of pre-baked anode in China. This, together with higher overseas prices of pre-baked anode, drove exports of the material higher on a yearly basis in 2018. In October, China exported some 128,000...
Japan aluminium premiums likely to settle at US$100-US$130 by late-2019
According to a Reuters report, trading house Marubeni has projected Japan aluminium premiums to rise towards a range of between US$100 and US$130 a tonne in late 2019 due to tighter global supplies despite Rusal getting back into action. LME aluminium prices sank to a 16-month low on Thursday on...
Mundus Vini saw a significant part of award-winning wines using aluminium closures
According to a press release from Aluminium Closures Group , Mundus Vini Summer Tasting 2018 festival highlighted widespread use of aluminium closures for high quality, premiered wines across all categories. Wines with aluminium closures snatched up awards in all categories. The event saw about...
LME aluminium closed higher on weakening dollar; production cut and solid downstream purchase support SHFE
The US dollar fell to a week-low on Tuesday as investors unwound long bets on the currency, anticipating that the Federal Reserve could slow the pace of US interest rate hikes after this week's policymaking meeting. LME base metals traded lower on Tuesday and aluminium lost 0.5%. SHFE base metals...
Shares of Qatar Aluminium surge above its IPO debut price on positive market response
Shares of Qatar Aluminium opened at 18.00 riyals on Sunday at Qatar Stock Exchange (QSE), 78 per cent above their initial public offer price of 10.10 riyals, capping a successful run for Qatar's biggest equity listing this year. Shares of Qatar Aluminium under the company name Qatar Aluminium...
India’s aluminium foil imports to see a rise in 2018, both in terms of volume and cost
The flexibility of the aluminium to form any shape has made it the most versatile packaging material in the world. A key benefit of using aluminium in the packaging industry is that the aluminium packaging materials can be 100% recycled and reused an infinite number of times. More than 60% of the...
ALUMINIUM INDIA 2019 and INCAL to demonstrate aluminium market potential in India
Trade Fair and Aluminium Congress will join forces on the Indian market for the first time from 31 January to 2 February, at Bhubaneswar, Odisha, India, when ALUMINIUM INDIA 2019 and INCAL Conference will take place concurrently. A press update from Reeds Exhibition says representatives from the...
Spot aluminium prices unchanged across eastern markets amid brisk transactions
According to the latest update by Shanghai Metals Market, today, on December 5, traded prices of spot aluminium across eastern markets remained unchanged from the previous day and transactions between traders remained brisk. The SHFE 1812 contract traded rangebound in morning trades. Spot discounts...
A temporary halt in U.S. China trade war provides a breather and lifts up the aluminium market
The leaders of the world's two largest economies, President Donald Trump and Chinese President Xi Jinping, met face-to-face on December 1 Saturday in Argentina, which was expected to temporarily halt an escalating tit-for-tat trade war. They agreed to a temporary trade cease-fire to allow time for...
LME aluminium plunged again on rising greenback; SHFE continues to trade weak on sluggish demand
The US dollar index increased on hopes the US and China might renegotiate a trade deal at the G-20 summit in Buenos Aires, and this grew safe-haven gains for the greenback. Base metals, expect for SHFE nickel fell across the board. LME aluminium recovered some losses last week, but plunged heavily...
Canada’s aluminium wire export revenue to drop this year despite a rise in volume
Over the past five years, increased construction activity and expanded energy infrastructure have reportedly spurred the demand for aluminium wires and cables. Thus, the world aluminium wire rod usage increased consequently from 5.87 million tonnes in 2014 to about 6.26 million tonnes in 2017. The...
LME aluminium started the week with a slight gain to close at US$ 1918 per tonne; SHFE likely to trade within a close range
The US dollar dipped and fell to a two-week low after Federal Reserve officials expressed caution over the global growth, prompting traders to reassess the pace of future US interest rate increases. LME aluminium continued to trade weakly given negative fundamentals. The contract however closed...
LME aluminium plunged further last Friday on weak fundamentals; both LME & SHFE will trade under pressure today
The US dollar closed lower against a basket of the currencies on November 16, Friday night. The pound rallied on Friday but remained under heavy pressure as UK Prime Minister Theresa May fought to justify the Brexit deal. LME aluminium closed the day’s trading at US$ 1914 per tonne on Friday. Weak...
Chinalco looks at overseas growth on the back of growing supply and slow consumption growth in China
Chinalco sees the company’s future overseas, as told by Ao Hong, deputy general manager of Aluminum Corp. of China, or Chinalco in an interview. The company is looking at business opportunities overseas as the domestic market is crippled by metal aluminium oversupply and higher raw material costs....
LME aluminium traded below five- and 10-day moving averages; SHFE not likely to rebound significantly
The US dollar extended its decline from 16-month highs against the euro and pound, which increased as traders monitored developments of Brexit and the Italian budget. LME aluminium closed Wednesday’s trading at US$ 1931per tonne. The contract then faced pressure as it grew to a high of US$1,948 per...
