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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Aluminum Association gearing up for the ITC hearing on China-U.S. trade relations
<p>The Aluminum Association is known to be still not losing hopes on anti-dumping or countervailing duty cases on Chinese aluminium imports; but that largely depends on market conditions, which if deteriorate further will make it difficult for the U.S. aluminium trade body to defend them on a wider...
China Hongqiao chief claims uptick in demand will offset China’s continuing capacity increases
<p>Under increasing international pressure to make further cuts to capacity, China Hongqiao’s chief Zhang Bo defended his firm’s output, claiming that increasing demand will keep the potential of a further drop in prices in check.<br /><br />In an interview with Hong Kong’s South...
A weakening dollar drives aluminium to a month-high
<p>Aluminium traded on London Metal Exchange hit one-month high on Tuesday, August 16, as dollar slipped, wighed on by signals that the U.S. interest rates would remain on hold, and speculators sped up to buy the metal used in cans to spacecrafts. <br /><br />The dollar index nose-dived to a...
Novelis to raise up to US$1.1 bln via bond issue
<p>Rolled and recycled aluminium firm Novelis Inc. announced a bond issue yesterday intended to raise up to US$1.15 billion for refinancing debt.<br /><br />Novelis initially intended to use the funds to repurchase US$500 million of US$1.1 billion worth of notes due next year, but subsequently...
China’s aluminium exports fall again in July, was production cut back?
<p>One of the causes of falling aluminium prices over the past few years was the rise in China’s aluminium exports. But Chinese exports started to calm down this year, helping aluminium prices to recover.<br /><br />China exported 390,000 metric tons of unwrought aluminium in July, down 9.3...
Aluminium vs. steel in beverage cans: What does it mean to be a devil’s advocate?
<p>Aluminium is way costlier than steel. The current official LME price of aluminium is US$1633 per tonne whereas steel billet price has been hovering around US$325 per tonne. The price difference between the two metals competing with each other in the beverage can making segment is a clear US$1305...
Aluminium traders approach Japanese buyers for Q4, ahead of producers
<p>At least two traders have approached two or more Japanese buyers for sale of primary aluminium ingot for the fourth quarter of 2016, ahead of producers expected to arrive in Japan in the week of August 22, sources said Wednesday.<br /><br />Offers were not specific yet as the traders appeared to...
Tajikistan scales aluminium production, export follows suit
<p>Tajikistan produced 73.1 thousand tonnes of aluminium, in the first half of the current financial year, a 13.6-percent increase compared to the corresponding period previous year, reported industry sources citing Umed Davlatzod, deputy minister of economic development and trade of Tajikistan.<br...
LME aluminium to remain under downward pressure
<p>LME aluminium will range USD 1,635-1,655/mt today with resistance at USD 1,650/mt and technical side trending negative.<br /><br />SHFE 1610 aluminium will struggle between RMB 12,300-12,500/mt. <br /><br />In east China’s spot aluminium market, spot premiums of RMB 0-40/mt are expected...
LED lighting demand to drive global HPA market growth during 2016-20
<p>According to the latest Research and Markets publication, the global high-purity alumina market is slated to grow at a CAGR of 27.11 per cent during the period 2016-2020. The growing adoption of LED lighting systems and displays has been identified as a key growth driver for the segment. <br...
US court rejects antitrust lawsuit against banks and commodity companies
<p>In market news on Aug 10, according to Reuters, U.S. appeals court on Tuesday rejected nationwide antitrust lawsuit by a number of end users accusing banks and commodity companies of working together to drive up aluminium prices by deliberately controlling supply.<br /><br />The 2nd U.S. Circuit...
Kazakh Aluminium Smelter seals six-year agreement for €3 MM
<p>Natural resources firm Eurasian Resources Group (ERG) has entered into an agreement with financial services firm VTB Group to finance a six-year aluminium supply worth an estimated €3 million (US$3.3 million).<br /><br />VTB Capital has reportedly already released an advance payment for the...
Novelis posts Q1 profit of $24 mln, overturning year-ago loss
<p>Novelis reported a total income of $24 million in the first quarter of 2016 ending June 30. With the figures, the world leader in aluminium rolling and recycling has overcome a net loss $60 million it posted in the corresponding period previous year. Excluding tax-effected special items, the net...
Growing aluminium demand to drive global non-ferrous metals market through 2020
<p>According to the latest market study released by Technavio, the global non-ferrous metals market is expected to grow at a CAGR of close to 5 per cent during 2016-2020. The market will be largely driven the aluminium industry growth. <br /><br />The global aluminium market shipped 70.37 million...
Aluminium prices decline 0.6% to close slightly lower at $1,620 per ton
<p>Aluminium contract traded on London Metal Exchange fell 0.6 per cent to close slightly lower amid growing pressure on base metals following a rise in the US dollar value. <br /><br />On Wednesday, US dollar gained strength following ADP’s positive private payroll data. As strong US dollar...
Aluminium consolidating recent gains; prices encountered resistance at $1,638
<p>Aluminium is consolidating, having failed to find follow-through buying momentum above $1,640 yesterday, as implied by the long upper shadow.<br /><br />Prices have encountered resistance from the 20 DMA at $1,638 but are so far holding support at $1,630 from the 40 DMA and the UTL formed by...
Craft beer boom induces fear of aluminium can crunch among microbrewers
<p>America has experienced a huge craft beer boom over the past decade. Currently, craft beer represents 10% of the American beer market with a rapidly increasing trend. The Brewers Association, of America has set a target of 20% market share for craft beer by 2020. But, the growth is also inducing...
Falling aluminium stocks and semis export in China: is it going to help the white metal?
<p>According to the data released by the General Administration of Customs, China's total exports of unwrought aluminium and aluminium semis were 380,000 mt in June. This represents a YoY decline of 15.4%. Chinese aluminium exports have fallen about 9% YoY in the first six months of 2016.<br /><br...
