LME aluminium price eases 0.3% on September 10; stocks remain stable at 244,525/t
The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
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...
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China’s average alumina price gains RMB10/t in Shanxi; A00 aluminium ingot price goes RMB20/t lower
The alumina spot price in China has shifted up the graph by RMB 3 per tonne, officially stopping at RMB 2,825 per tonne, followed by RMB 10 per tonne augmentation in Shanxi to close at RMB 2,810 per tonne. As per the records of the Shanghai Metal Market, today, on July 11, China’s aluminium spot...
LME aluminium price grows to US$2,096/t; SHFE price moves up by US$6/t
On Monday, July 10, both LME aluminium cash bid price and LME aluminium official settlement price grew by US$10.5 per tonne or 0.50 per cent and US$10 per tonne or 0.47 per cent to close at US$2,095.50 per tonne and US$2,096 per tonne. 3-month bid price and 3-month offer price also hiked by US$14.5...
Non-ferrous scrap market in India witness mixed pricing trends
The non-ferrous metals market in India is displaying mixed pricing trends. Aluminium prices are relatively stable, maintaining a consistent range. However, specific grades of aluminium are facing a decline in prices due to decreased demand. On the other hand, copper prices have rebounded, primarily...
US primary aluminium production in April 2023 dips 3% M-o-M, but daily output remains steady
According to the US Geological Survey, the United States domestic primary aluminium production in April 2023 stood at 63,000 tonnes, down by 2,000 tonnes or 3.08 per cent from 65,000 tonnes in March 2023. On a year-on-year calculation, the output plunged by 19,000 tonnes or 23.17 per cent from...
A00 aluminium ingot price initiates the week with RMB60/t growth after back-to-back falls since July 4
According to the Shanghai Metals Market survey on Monday, July 10, A00 aluminium ingot price has begun the week with an increase of RMB 60 per tonne after four consecutive days of fall since last Tuesday, July 4. As per the data, the aluminium ingot price has pegged at RMB 18,270 per tonne versus...
LME benchmark aluminium price descends by US$17.5/t; SHFE marks US$22/t growth
LME aluminium opened at US$2,134 per tonne last Friday, with its low and high at US$2,127 per tonne and US$2,151 per tonne respectively before closing at US$2,141 per tonne, up US$11 per tonne or 0.52 per cent. On Friday, July 7, the LME aluminium cash bid price shed US$18 per tonne or 0.85 per...
Primary aluminium weekly: EU includes aluminium in the critical raw materials list and Aluminium China 2023 enjoys industry-wide participation
The primary aluminium segment has been bombarded with pivotal events this week, with Aluminium China 2023 and the 27th International Conference on Non-ferrous Metals making headlines on an international scale. The European Union has updated the Critical Raw Materials Act (CRMA) to include aluminium...
July sees drop of up to $70/tonne in secondary aluminium alloy prices in Japan
Secondary aluminium alloy manufacturers and consumers have concluded their negotiations and agreed on contract prices for July 2023. The settlement prices for this month are JPY 2,000-10,000/t ($14-70/t) lower compared to the prices in June. This marks the sixth consecutive month of declining...
LME aluminium price moves up by US$10.5/t to US$2,103.5/t; SHFE price drops to US$2,511/t
LME aluminium opened at US$2,139 per tonne on Thursday, with its low and high at US$2,127 per tonne and US$2,153 per tonne, respectively, before closing at US$2,130 per tonne, a drop of US$7 per tonne or 0.33 per cent. On Thursday, July 6, both LME aluminium cash bid price and LME aluminium...
China’s A00 aluminium price marks four days of steep fall losing RMB70/t today; Alumina price sheds RMB2/t
The Shanghai Metal Market, today, on July 7, has recorded an RMB 70 per tonne slump in China’s aluminium spot price, with it officially resting at RMB 18,210 per tonne, with average prices hovering between RMB 18,190 per tonne and RMB 18,230 per tonne. The highest bid price recorded this year was...
China’s A00 aluminium ingot price drops by RMB40/t to RMB18,280/t; Australian alumina FOB price falls to US$328/t
On Thursday, July 6, A00 aluminium ingot price in China has dropped by RMB 40 per tonne to close at RMB 18,280 per tonne. The average prices are expected to range between RMB 18,260 per tonne and RMB 18,300 per tonne, and the spot prices may be traded at a discount price of RMB 20 per tonne to a...
LME benchmark aluminium price loses US$9.5/t and SHFE aluminium price too drops US$10/t
On Wednesday, July 5, the LME aluminium cash bid price dropped down by US$9.50 per tonne or 0.45 per cent to rest at US$2,092.50 per tonne, while the LME official settlement price locked at US$2,093 per tonne, with a similar loss. The 3-month bid price and the 3-month offer price plunged by US$9.50...
Imported aluminium scrap prices in India witnessed volatile trends, declining by $120/t W-o-W
The Indian imported aluminium scrap market recorded unpredictable patterns and considerable price contraction W-o-W in some grades by up to $120 per tonne. As of today, US and Middle East-origin aluminium talk prices fell by up to $120 per tonne to $4,480 per tonne and $4,350 per tonne,...
Drastic A00 aluminium ingot price fall on July 5 brings it W-o-W lower by RMB250/t: SMM
A00 aluminium ingot price in China has plummeted by RMB 220 per tonne to settle at RMB 18,320 per tonne on Wednesday, July 5, found the Shanghai Metals Market. The drastic fall has lowered the price week-on-week by RMB 250 per tonne and month-on-month by RMB 90 per tonne. Today, the average prices...
LME aluminium price moves down by US$4.5/t to US$2,102.5/t; SHFE price drops to US$2,525/t
LME aluminium opened at US$2,227.5 per tonne on Tuesday, with its low and high at US$2,201 per tonne and US$2,249 per tonne, respectively, before closing at US$2,247 per tonne, up US$19 per tonne or 0.58 per cent. On Tuesday, July 4, both LME aluminium cash bid price and LME aluminium official...
China’s A00 aluminium ingot price drops by RMB10/t due to decreased production for heavy rainfall
On Tuesday, June 4, A00 aluminium ingot price in China has dropped by RMB 10 per tonne to halt at RMB 18,540 per tonne, as heavy rainfall in the Yunnan region has resulted in a drop in production. The spot contract price is expected to be traded at a premium price of RMB 150 and RMB 190 per tonne....
LME benchmark aluminium price floats US$10.5/t up to US$2107/t, down 11.6% Y-o-Y; SHFE aluminium price earns US$17/t
On July 3, Monday, the LME aluminium cash bid price halted at US$2,105 per tonne and the LME aluminium official settlement price anchored at US$2,107 per tonne, witnessing a surge of US$9 per tonne and US$10.50 per tonne, respectively. The LME cash bid price spiked by 0.43 per cent, and the LME...
Novelis to face pressure on margins in near term due to weaker aluminium demand, destocking and lower prices
Novelis, an independent US-based subsidiary of Hindalco Industries and a leading producer of aluminium, is expected to face pressure on margins for at least the next two to three quarters due to weaker demand in the building and construction sector, reduced aluminium can stocking, and lower...
