Aluminium tariffs, not Trump’s alcohol ban, are the bigger threat to BC brewers
The escalating US-Canada trade conflict is putting pressure on the US alcohol industry from two directions. The BC wine and beer industry is facing fresh uncertainty as the US President Donald Trump proposed to block most Canadian alcoholic beverage imports from September 29, 2026. While British...
Energy costs drive China's August inflation as non-ferrous metals surge 20.8%
China's producer inflation accelerated in August as higher energy and non-ferrous metal prices pushed industrial costs higher, while weak domestic demand kept consumer inflation subdued. China's factory-gate inflation accelerated in August, with non-ferrous metal smelting and processing prices...
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SMM aluminium ingot price drops RMB10/t reaching July-end’s market value; China’s CIF Index of Import Bauxite gains RMB2.14/t
According to the SMM aluminium live price chart today, China’s aluminium ingot price has shed RMB 10 per tonne to rest at RMB 18,480 per tonne, with the average prices ranging between RMB 18,460 per tonne and RMB 18,500 per tonne. If we consider July 27, the aluminium ingot price was RMB 18,490 per...
LME aluminium price hikes to US$2,178/t; SHFE price dips by US$10/t
LME aluminium opened at US$2,213 per tonne on Thursday, with its high and low at US$2,233 per tonne and US$2,197 per tonne, respectively, before closing at US$2,232.5 per tonne, an increase of US$22 per tonne or 1.02 per cent. On Monday, August 7, both LME aluminium cash bid price and LME aluminium...
SMM aluminium price registers M-o-M growth of RMB280/t; Alumina price grows by RMB3/t
The Shanghai Metal Market (SMM), today, on August 7, has marked a drop of RMB 40 per tonne to settle at RMB 18,490 per tonne. On M-o-M calculation, a hike of RMB 280 per tonne was witnessed from RMB 18,210 per tonne on July 7. As of today, the average prices are expected to stand between RMB 18,470...
LME aluminium price graph shows M-o-M surge of US$63.5/t; SHFE aluminium price augments US$64/t M-o-M, down 0.54% today
LME aluminium opened at US$2,224 per tonne last Friday, with its high and low at US$2,224 per tonne and US$2,205 per tonne respectively before closing at US$2,239 per tonne, an increase of US$15 per tonne or 0.7 per cent from the previous trading day. On August 4, London Metal Exchange reported...
Primary weekly recap: Vedanta appoints John Slaven as CEO for its Aluminium Business
The primary aluminium segment has recorded some of the most interesting quips last week, with John Slaven being appointed by Vedanta Ltd as the Chief Executive Officer for its Aluminium Business. Slaven will begin his tenure in the company from October 3 this year and will remain in chair for the...
LME aluminium price falls for the second day by US$29.5/t but stands 1.9% M-o-M higher; SHFE gains US$15/t
LME aluminium opened at US$2,213 per tonne on Thursday, August 3, with high and low at US$2,233 per tonne and US$2,197 per tonne, respectively, before closing at US$2,232.5 per tonne, up by US$22 per tonne or 1.02 per cent. The LME aluminium price chart shows a continued downfall in closing prices,...
China aluminium market notes RMB6/t spike in alumina spot price; A00 ingot price jumps RMB80/t up
The Shanghai Metal Market, today, on August 4, has marked a jump of RMB 6 per tonne in China’s alumina spot price, with it officially halting at RMB 2,893 per tonne, while in Shandong and Shanxi, the alumina spot prices have seen a spike of RMB 10 per tonne, closing at RMB 2,855 per tonne and RMB...
Key highlights from the global aluminium industry, July 2023
The global aluminium industry is sensitive to economic conditions, trade disputes, and supply-demand dynamics. In the seventh month of 2023, there was a noticeable increase in the price of aluminium on both the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). On the LME, the...
LME aluminium price live chart marks US$40.5/t fall, down 7.5% Q-o-Q; SHFE aluminium price releases US$15/t
LME aluminium opened at US$2,252.5 per tonne on Wednesday, with its high and low at US$2,257 per tonne and US$2,203 per tonne, respectively, before closing at US$2,210 per tonne, a decrease of US$43 per tonne or 1.91 per cent. LME aluminium closing prices curve has been on the downward slope, with...
China’s A00 aluminium ingot price drops by RMB90/t; Alumina price gains RMB6/t
On Thursday, August 3, China’s A00 aluminium ingot price dropped by RMB 90 per tonne to close at RMB 18,450 per tonne, with the average prices between RMB 18,430 per tonne and RMB 18,470 per tonne. The spot contract prices are expected to be traded at a discount price of RMB 60 to RMB 20 per tonne....
US primary aluminium production in May 2023 recovers from the loss of 3% and returns to 65,000 tonnes
In May 2023, the United States' primary aluminium production stood at 65,000 tonnes, reflecting a month-on-month increase of 2,000 tonnes or 3.17 per cent from 63,000 tonnes, found the US Census Bureau data. The data also indicated that the monthly output recovered from the loss of 3 per cent...
Imported aluminium scrap market in India shows mixed trend Week-on-Week
The Indian market for imported aluminium scrap saw varying trends this week. According to SteelMint's assessment, scrap prices diverged by approximately US$40-45 per tonne w-o-w. Adequate offers aligned with strengthening futures and buying inquiries resulted in moderate transactions in specific...
Japanese buyers resist escalation of aluminium shipment premium and agree to pay $127.50/t for Q3
Japanese buyers have reportedly agreed to the premium of $127.50 per tonne for aluminium shipments for the third quarter of 2023, close to $125-130 per tonne range in the previous quarter ended June 30. The premium remains restrained for the September quarter due to ample stocks and sluggish...
SMM alumina spot price levitates by RMB5/t, tracing similarity M-o-M; China aluminium price loses RMB40/t
As per the SMM market price chart, the alumina spot price in China has increased by RMB 5 per tonne to rest at RMB 2,881 per tonne, while the alumina price in Shandong has rocketed RMB 10 per tonne, closing at RMB 2,840 per tonne. Other than that, the SMM alumina price in Henan, Shanxi and Guangxi...
LME aluminium price gains US$21.5/t to US$2,217/t; SHFE price drops by US$19/t
LME aluminium opened at US$2,204.5 per tonne on Tuesday, with its high and low at US$2,286 per tonne and US$2,244 per tonne, respectively, before closing at US$2,253 per tonne, a decrease of US$34 per tonne, or 1.49 per cent, from Monday. On Tuesday, August 1, both LME aluminium cash bid price and...
China’s alumina price opens the month of August with a rise of RMB4/t; A00 aluminium ingot price heightens to RMB18580/t
The domestic average alumina spot price in China has recorded an increase of RMB 4 per tonne on Tuesday, August 1, to reach RMB 2,876 per tonne, found the Shanghai Metals Market data. Throughout the previous month, the price trended up by RMB 54 per tonne to close at RMB 2,872 per tonne. With the...
LME aluminium market price gains US$34/t after constant fluctuations in July; SHFE aluminium price also floats US$36/t up
LME aluminium opened at US$2,225 per tonne on Monday, with its high and low at US$2,289 per tonne and US$2,223.50 per tonne, respectively, before closing at US$2,287 per tonne, an increase of US$60 per tonne or 2.69 per cent. As per the LME aluminium price analysis , on July 31, the LME aluminium...
A00 aluminium ingot price in China grows to RMB18,380/t; Alumina price inches up by RMB1/t
On Monday, July 31, the A00 aluminium ingot price in China gained RMB 30 per tonne, settling at RMB 18,380 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 per tonne to a premium price of RMB 20 per tonne, with average prices between RMB 18,360 per tonne and...
