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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MCX aluminium to see range-bound trading at INR 122-130
<p>The aluminium futures contract traded on India's Multi Commodity Exchange (MCX) lost ground after scaling a high of INR 125.7 on Monday April 10. The increase was basically a bounce back from last week's decline when the contract tested support at INR 124 on Friday, April 8.</p> <p>MCX aluminium...
LME aluminium edges up 1.2 %, trading resumes on a bullish note at SHFE
<p>After dropping down to US$1,938 per tonne on Tuesday, April 4, LME aluminium closed at US$1,962 per tonne on Wednesday, April 5, registering 1.2% rise from last closing price. As seen by SMM, LME aluminium will move at highs on Thursday and will fluctuate between USD 1,950-1,990 per tonne.</p>...
CME Group reports a record first-quarter Metals ADV of 512,000 contracts
<p>CME Group has reported that March 2017 average daily volume (ADV) reached 16.9 million contracts, up 18 percent from a March 2016.</p> <p>CME Group March 2017 options volume averaged 4 million contracts per day, up 47 percent versus March 2016, with electronic options averaging 2.3 million...
Aluminium is headed for an “extremely” volatile period, says Rio chief
<p>Aluminium started the year 2017 on a positive note. The light metal traded on the world's biggest commodity exchanges experienced a steady rise till it hit the two-year high of US$1,963 per tonne on March 30. Since then, the uptrend seems to have somewhat lost its steam. Rio Tinto Group chief...
North American aluminium demand and apparent consumption up in January 2017
<p>Preliminary estimates from the Aluminum Association indicate that aluminium demand in the United States and Canada that includes shipments by domestic producers plus imports stood at an estimated 2,242 million pounds in January 2017, up 5.3% over January 2016. Demand for semi-fabricated (mill)...
Aluminium and zinc expected to turn the table for Vedanta in 2017
<p>2017 seems to be a positive beginning for Vedanta driven by the upturn in commodity market that started towards 2016 –end and is still continuing with bullish trends.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
Top five promising high purity alumina producers in the world
<p>The global high purity alumina market size was estimated at 25,315 tonnes per annum in 2016. A recent study says the demand for the commodity will grow at a CAGR of 16.7% from 2016 through 2024. An increasing trend in adoption of LED lighting and displays globally is seen as the main factor...
India Ratings and Research projects market surplus for aluminium in India
<p>According to a report of India Ratings and Research, the base metal sector is likely to register a surplus market on account of new capacity ramp-up amid weak demand for the next financial year. In India, the production capacity of aluminium is expected to be more or less double in FY18.</p>...
Domestic orders for aluminium mill products and export drop in the U.S. and Canada
<p>The Aluminium Association’s “Index of Net New Orders of Aluminum Mill Products” for February dropped 6.1 % MoM. Orders for flat roll products dropped 5.8 %, while orders for extruded products declined 7.7 % and orders for redraw rod were off 4.9 %. YoY, the orders record a...
Hindalco's first share sale through QIP generates 3X demand
<p>India's first ever metal industry share sale through qualified institutional placement (QIP) floated by Hindalco Industries generated overwhelming response in the market last week. Institutional investors lapped up the shares which went on to reinforce their confidence in the aluminium...
Hindalco raises US$550 million via India’s first ever QIP in metal sector
<p>India’s leading aluminium producer Hindalco Industries Ltd raised US$550 million over the last weekend through a major stock offering launched on Friday, March 3. The qualified institutional placement (QIP), the country’s first ever metal sector share sale using the vehicle, saw...
Aluminium product shipments in North America up YoY and MoM
<p>According to the latest report from Aluminum Association, shipments of aluminium powder and paste to domestic markets stood at 6.27 million pounds during January 2017. The number includes imports by domestic producers. This reported an increase of about 12% over the January 2016 total of...
India’s import of aluminium wire shows a rising trend in last two years
<p>Aluminium imports account for more than 40% of annual domestic consumption of four million tonnes. It includes both primary (ingots, billets and wire rods) and downstream aluminium products (tubes, wires and cables). Wires form a large portion of the total aluminium product import by India...
India on the fast-track of development: To import US$115.5 mln worth aluminium bar rods in 2017
<p>The global market for aluminium bar rods and profiles is projected to grow at 5.7 per cent CAGR from 2016 till 2020, reveals data in a recently published market research report. During 2009-2015, the market grew at a CAGR of 7.4 per cent with aluminium alloy profiles accounting for 96 per cent...
Global automotive aluminium market to be valued at US$111.8 bln growing at 8.8% during 2016-26
<p>The global automotive aluminium market is slated grow at a CAGR of 8.8 per cent (value-wise) during 2016-2026, revealed data published in a recent market research report. The market will be valued at US$111.80 billion by 2026. The powertrain application segment which accounted for the largest...
LME aluminium rises amid dollar exchange rate worries; SHFE prices to keep diverging
<p>The dollar gave up its earlier gains against Japan's yen and the euro after key U.S. jobs data was released last Friday. President Trump's newly elected office is yet to publish the details of tax reduction and government expenditures. This, along with the market worries toward global trade and...
Tajikistan to ramp up aluminium production in 2017
<p>Tajik Minister of Economic Development and Trade Negmatullo Hikmatullozoda announced at a news conference on 31 January that Tajikistan is planning to increase primary aluminium production to 179 thousand tons in 2017.<br /><br /><img style="vertical-align: middle; display: block; margin-left:...
MCX Aluminium futures edge up 0.12% as demand picks up
<p>Aluminium prices were up by 0.12 per cent to INR 122.35 per kg in futures trading today on India's prime commodity exchange as speculators built up fresh positions amid uptick in demand in the spot market. <br /><br />At Mumbai's Multi Commodity Exchange, aluminium for delivery in current month...
