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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Apparent consumption in U.S. and Canada markets dropped 4.4 per cent in July 2016
<p>According to the Preliminary estimates from Aluminum Association, aluminium demand in the United States and Canada that includes shipments by domestic producers plus imports were an estimated 15,360 million pounds during January to July 2016, an increase of 1.2 per cent over the same period last...
Aluminium futures trade marginally up on spot demand
<p>Aluminium prices were up by 0.20 per cent to INR105.50 per kg in futures trade today as traders built up fresh positions after uptick in demand from consuming industries in the spot market.</p> <p></p> <p>At the Multi Commodity Exchange, aluminium for delivery in September was trading higher by...
Challenging times ahead, says Hindalco Chairman K.M. Birla
<p>Indian aluminium major Hindalco Industries of the Aditya Birla group, is all poised for a challenging time ahead with subsidized aluminium imports, rather dumps, from the overseas markets flooding Indian market and profitability going down for aluminium makers in the country who base their...
Producers focused on expansion despite China’s promise to check excess aluminium capacity
<p>After the recently concluded bilateral dialogue between the U.S. and China during the G-20 Summit, both U.S. and China decided to work collectively to address the aluminium excess capacity issue.<br /><br />Chinese leaders promised to check excessive aluminium production that is flooding global...
Nalco net profit dips 22% in Q1FY17 due to lower market realization
<p>The State-owned aluminium producer National Aluminium Company Limited (Nalco) posted a 22.5 per cent decline in net profit in the first quarter June 30, 2016. Net profit stood at INR135 crore against INR174 crore of the corresponding period previous year. The company's profitability was hit by...
Aluminium nose-dives to three-month low, India base metal prices drop in tandem
<p>Aluminium traded on London Metal Exchange (LME) dropped significantly to touch the lowest in past three months on Monday along with other base metals in the pack as investors turned speculative about a possible U.S. Fed rate hike this month and started shedding risky assets. <br /><br />"The...
China aluminium exports and stocks rise in August causing worry in the global scenario
<p>The global aluminium industry has been abuzz with the trade imbalance caused by the rise in Chinese aluminium exports. Especially in U.S., producers like Alcoa (AA) and Century have been vocal about Chinese aluminium exports damaging the U.S. and global market.<br /><br />After a dramatic rise...
Aluminium prices drops 0.37% to INR 107.30 per kg in MCX
<p>Indian Aluminium prices dropped 0.37 per cent to INR 107.30 per kg in futures trade today at Multi Commodity Exchange. Due to subdued demand in the spot market, traders reduced exposure.<br />At the Multi Commodity Exchange, aluminium for delivery in September month traded at INR 107.30 per kg...
LME aluminium to swing widely
<p>LME aluminium will move in a wide range of USD 1,605-1,625/mt on Thursday.<br /><br />SHFE 1610 aluminium will move at RMB 12,150-12,300/mt,.<br /><br />In east China’s spot aluminium market, spot premiums of RMB 130-170/mt are expected over SHFE 1609 aluminium contract.<br /><br...
MCX Aluminium gains by 0.09% on uptick in demand
<p>Aluminium futures traded on India’s Multi Commodity Exchange, Mumbai, inched marginally higher today by 0.09 per cent to INR109.65 per kg as traders expanded position, helping the metal track a steady trend at spot market driven by boosted demand from end user industries. <br /><br />At...
Nalco announces opening of its INR2,835-cr buyback offer on Aug 30
<p>The State-run aluminium producer Nalco today submitted the copy of public announcement regarding its INR2,835 crore offer to buyback 64.43 crore shares that will open on August 30. The announcement along with the letter of offer for the shareholders was submitted to the stock exchanges where the...
Rising Chinese semis exports adding downward pressure on global primary aluminium market: Rusal
<p>According to China’s General Customs data published on August 24, exports of aluminium semis during January to June period declined 9.1 per cent to stand at 2.02 million metric tonnes (mt) from 2.22 million mt from the corresponding period previous year. Nevertheless, the export volumes...
LME aluminium to see range-bound trading
<p>The US Fed Chairwoman’s speech at the meeting in Jackson Hall will come under the spotlight today. Crude oil prices will fluctuate widely on positive and negative news. LME aluminium will move between USD 1,635-1,655/mt.<br /><br />SHFE 1610 aluminium will move at RMB 12,250-12,430/mt. <br...
SHFE 1610 aluminium rebounds slightly on short covering
<p>On Wednesday’s night trading, SHFE 1610 aluminium fell to RMB 12,280/mt after opening at RMB 12,440/mt, and ended at RMB 12,320/mt. <br /><br />On Thursday, SHFE 1610 aluminium opened at RMB 12,320/mt, and fell to RMB 12,290/mt on short selling. The most active contract then rallied due to...
UC RUSAL expects Global aluminium demand to increase by 5.4% YoY in 2016
<p>Russian Aluminium major UC RUSAL announces its results for the 2nd Quarter and 1st Half ended 30 June 2016. Along with reporting the financial results, the company also reports global aluminium market trends for H12016 and its forecast for the rest of the year.<br /> <br...
MWSD expands global footprint- opens forged aluminium truck wheels shop in Germany
<p>The UK based leading distributor of commercial vehicle wheels- Motor Wheel Service Distribution (MWSD) is planning to establish a new company in Germany early next year to expand its aftermarket distribution network in Europe and then use it to establish strategic partnerships with truck trailer...
Alumina H1 profit plummets amid tough market conditions
<p>Alumina Ltd. ended the first half of 2016-17 financial year on a glum note. The dual-listed mineral company's H1 net profit went down to $US7.8 million ($A10.2 million) from $US122 million same period previous year, amid high market volatility. <br /><br />The financial result for the period...
Chinese alumina rises further on strong sentiment, higher offers
<p>Chinese spot alumina prices firmed further Tuesday as market sentiment remained strong and offer levels continued to rise, sources said.<br /><br />The Platts ex-works Shanxi alumina price stood at Yuan 1,840/mt ($276/mt) full cash terms, up Yuan 40/mt from Monday, and up Yuan 90/mt week on week...
