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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Century continues with primary aluminium downturn in Second Quarter 2016
<p>As a continuation of the downturn of US primary industry Century Aluminium Company reported a net loss of $9.5 million ($0.11 per share) for Q2 2016. The adjusted net loss of second quarter was $4.6 million ($0.05 per share).<br /><br />For the second quarter of 2015, Century reported a net loss...
Consumer buying lifts aluminium prices off the lows
<p>With worries regarding oversupply of from Chinese smelters growing graver, aluminium price took a plunge to hit its lowest in six weeks, only to be lifted by consumer buying to a certain extent. Other nonferrous metals were also weighed on by a stronger US dollar. <br /><br />Volumes of the...
MCX aluminium reverses from a key hurdle
<p>The aluminium futures contract traded on the Multi Commodity Exchange (MCX) plunged 3.6 per cent to close at INR 107.4 a kg last week.<br /><br />Significant resistance at around INR 111 which is also 50 per cent Fibonacci retracement level of the prior downtrend has been limiting the...
Hulamin's H1 operating profit up 86% in soft market conditions
<p>South Africa's leading aluminium manufacturer Hulamin announced its unaudited interim results for the half-year period ended 30 June 2016. Operating profit of the company increased 86 per cent year-on-year while revenue soared 25 per cent y-o-y to reach R4.9 billion due to soft market...
U.S. rate hike prospects weigh on LME aluminium prices
<p>Aluminium prices, after holding ground for a month, took a nose-dive on London Metal Exchange, on Tuesday, while other base metals touched one-week lows as uncertainty swept across markets ahead of the U.S. central bank meeting and as worried investors took guard by selling to book profits...
SHFE 1609 aluminium falls on short selling
<p>On Monday’s night trading, SHFE 1609 aluminium fell to RMB 12,140/mt after opening at RMB 12,175/mt. Prices then rallied to RMB 12,205/mt, closing at RMB 12,200/mt. <br /><br />On Tuesday, short selling sent the most active contract down to RMB 12,115/mt after starting at RMB 12,195/mt....
Brexit pushes back HKEX's plan of commodities clearing link with LME
<p>The Hong Kong Stock Exchange's planned move to link with London Metal Exchange has been put on hold due to Britain's recent exit from the European Union. <br /><br />The HKEX's decision to enter into a commodities clearing link with its London Metal Exchange (LME) was aimed at making LME more...
LME aluminium to still under downward pressure
<p>LME aluminium suffered a 4-day losing streak and will fall further to USD 1,605-1,630/mt today, with eyes on the ECB meeting. <br /><br />SHFE 1609 aluminium has stabilized at above the 40-day and 60-day moving averages, and will rise to RMB 12,300-12,450/mt. In China’s spot aluminium...
Recent stock market recovery is bullish for metal prices, say analysts
<p>Stock markets across the globe are finally showing some signs of stabilization after a prolonged hiatus of almost two years which saw investors struggling to make money off the stocks. Though a sharp fall was recorded all over following Brexit, but the sell-off did not persist for long.<br /><br...
Global use of aluminium based flexible packaging to grow to meet lightweighting and sustainability targets
<p>The worldwide demand for flexible packaging is projected to touch $210 billion mark in 2015 and $248 billion by 2020, according to a recent market analysis. <br /><br />The market report illustrates that increasing demand for smaller packs and convenient design is boosting the growth prospects...
Maaden delivers strong operational results in Q2 2016 with production volume higher in aluminium
Saudi Arabian Mining Company (Maaden) has announced the consolidated interim financial statements for the quarter and six months period ended June 30 2016. During the quarter under review, Maaden posted strong operational results across all its business verticals with higher production volume in...
Argentina to begin antidumping probe in Aluminium alloy wheel imports from China
Argentina decided to begin an antidumping probe into Aluminium alloy wheels imported from China, said the Trade Remedy and Investigation Bureau of China's Ministry of Commerce. The antidumping case comprise of products such as motor vehicles' Aluminium alloy wheels, excluding tires, with a hub...
Downstream aluminium segments present growth opportunities for primary producers in Turkey
The aluminium manufacturing market in Turkey is slated to grow at a compound annual growth rate of 3 per cent over the period 2015-2020, according to a recently published market report. A leading metals and minerals industry expert noted that rapid urbanization will likely boost investments in the...
For US Aluminium industry downstream sector is ‘future’
More than five years have passed since the US aluminium industry first took to downstream production. Over the time the market has grown in size, both value-wise and volume-wise. The primary aluminium smelters had still managed to survive, but over the time they slowly turned uncompetitive thanks...
RUSAL eyeing Russia to supply aluminium produced in long run
UC RUSAL, the world’s largest aluminium producer, is eyeing the domestic market for supplying all the metal produced in the long run, Sales Director for Russia and CIS Roman Andryushin updated on Thursday, July 14. RUSAL expects consumption of aluminium in Russia will grow from the present 1.4...
Japan's Aluminium Association head sees metal price at $1,500-$1,700/T
Aluminium prices are likely to hover between $1,500 and $1,700 per tonne for the later half of this year as oversupply will cap further gains, Akio Hamaji, the new chairman of the Japan Aluminium Association said on Thursday. "With uncertainty over the European economy after Brexit, it is unlikely...
Aluminium rolled products demand to grow at CAGR 5% through 2020
According to a recent market research, the global consumption of aluminium rolled products is projected to hit 30 million tonnes in 2020 growing at a CAGR of around 5 per cent. Transportation is likely to surpass packaging to become the fastest growing application market of aluminium rolling, data...
SHFE aluminium to hover at highs
Falling aluminium stocks in China will allow SHFE 1609 aluminium to stay at highs of RMB 12,500-12,700/mt today. LME aluminium will move at USD 1,645-1,670/mt, with support at the 5-day and 10-day moving averages. In China’s spot aluminium market, spot premiums of RMB 30-70/mt are expected over...
