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 SMM aluminium price marks RMB10/t hike and average alumina spot price collects RMB2/t
According to the Shanghai Metal Market, the aluminium spot price in China has spiked by RMB10 per tonne to RMB 18,550 per tonne, with average prices hovering between RMB 18,530 per tonne and RMB 18,570 per tonne, today, July 3. The aluminium spot price has returned to the price range it started the...
LME aluminium price closes the week with a drop of US$9/t; SHFE price hikes to US$2,524/t
LME aluminium opened at US$2,161 per tonne last Friday, with its low and high at US$2,134 per tonne and US$2,179 per tonne, respectively, before closing at US$2,156 per tonne, a drop of US$5 per tonne or 0.23 per cent. On Friday, June 30, both LME aluminium cash bid price and LME aluminium official...
Key highlights from the global aluminium industry, June 2023
In June 2023, the global aluminium industry experienced a combination of instability and a downward price trend, affecting both the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). Despite the challenges, the aluminium value chain worldwide remains committed to pursuing a...
Vedanta and Hindalco’s aluminium ingot prices reflect an oscillating trend this week
Aluminium prices offered by Vedanta and Hindalco have shown a fluctuating trend this week from June 26-30. Vedanta aluminium ingot price started the week on Tuesday, June 27, at INR 203,000-227,000 tonnes, reflecting a drop of about 0.80 per cent from INR 204,750-228,750 per tonne on June 24. The...
LME aluminium spot price dips US$124.50/t M-o-M, down 1.68% from June 28; SHFE aluminium price sheds US$4/t
On June 29, Thursday, the LME aluminium cash bid price and the LME aluminium official settlement price anchored at US$2,105 per tonne and US$2,105.50 per tonne, experiencing a uniform drop of US$36 per tonne or 1.68 per cent. One month ago, on May 30, the LME aluminium spot price was US$2,230 per...
China’s A00 aluminium ingot price closes the week with a drop of RMB10/t; Alumina price inches up by RMB1/t
On Friday, June 30, China’s A00 aluminium ingot price closed the week with a fall of RMB 10 per tonne to close at RMB 18,540 per tonne, with the spot contract price expected to be traded at a premium price of RMB 250 per tonne to RMB 290 per tonne. The average prices are expected to orbit between...
Indian Railways asks Alstom to reduce the bid price for 100 aluminium-bodied Vande Bharat trains
The Indian Railways has called on Alstom, a French rolling stock manufacturer that operates in rail transport markets throughout the globe, to negotiate a lower offer price of INR 150.9 crore per Vande Bharat trainset. Alstom was the lowest bidder of INR 30,000 crore for producing and maintaining...
China’s alumina price marks RMB2/t growth; SMM aluminium spot price goes RMB20/t down, no notable change in June overall
The alumina price in China has skipped upward by RMB 2 per tonne, resting at RMB 2,815 per tonne, while the alumina price in Guangxi has jumped up by RMB 10 per tonne to officially close at RMB 2,785 per tonne. The Australian Alumina FOB Price has slumped by RMB 21.66 per tonne, settling down at...
LME aluminium benchmark price loses US$10/t to US$2,141.5/t; SHFE price falls to US$2,519/t
LME aluminium opened at US$2,192 per tonne on Wednesday, with its low and high at US$2,163 per tonne and US$2,212 per tonne, respectively, before closing at US$2,176.5 per tonne, a drop of US$16 per tonne or 0.73 per cent. On Wednesday, June 28, both LME aluminium cash bid price and LME aluminium...
China’s SMM aluminium ingot price mounts by RMB70/t and low carbon aluminium price shoots RMB140/t up
According to Shanghai Metal Market, the aluminium spot price in China has gone up the graph by RMB 70 per tonne, officially closing at RMB 18,570 per tonne today, June 28. The average aluminium price trends are between RMB 18,550 per tonne and RMB 18,590 per tonne. Aluminium prices rose by 1.41% to...
LME aluminium spot price gains 1.68% after two straight days of fall; SHFE aluminium price takes US$10/t leap
On June 27, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price settled at US$2,151 per tonne and US$2,151.50 per tonne, with a similar spike of US$35.50 per tonne or 1.68 per cent. The 3-month bid price ascended by US$37 per tonne or 1.72 per cent to rest at...
China’s SMM aluminium price soars RMB30/t today, down 0.48% Q-o-Q; Low carbon aluminium price gains RMB74/t
The Shanghai Metal Market’s aluminium spot price has gained RMB 30 per tonne loss, officially stopping at RMB 18,500 per tonne today, June 27. The average aluminium price trends are between RMB 18,480 per tonne and RMB 18,520 per tonne. On June 20, one week ago, the SMM aluminium spot price was RMB...
LME aluminium price falls by US$16.5/t to US$2,116/t; SHFE price moves down to US$2,518/t
On Monday, June 26, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$16.5 per tonne or 0.77 per cent to settle at US$2,115.50 per tonne and US$2,116 per tonne. The 3-month bid price and 3-month offer price slipped by US$20 per tonne or 0.91 per cent to...
LME benchmark aluminium price drops US$58/t marking fluctuating prices in June; SHFE loses US$57/t after Dragon Boat Festival
LME aluminium opened at US$2,208.5 per tonne last Friday, with its low and high at US$2,163.5 per tonne and US$2,209 per tonne respectively before closing at US$2,178 per tonne, a drop of US$23.5 per tonne or 1.07 per cent. On June 23, Friday, the LME aluminium cash bid price and the LME aluminium...
China’s A00 aluminium ingot price plummets by RMB360/t post the Dragon Boat Festival holiday
On Monday, June 26, the A00 aluminium ingot price in China opened the week after the Dragon Boat Festival with a downfall of RMB 360 per tonne or 1.91 per cent to peg at RMB 18,470 per tonne. However, on M-o-M calculation , a surge of RMB 310 per tonne was recorded from RMB 18,160 per tonne on May...
Primary aluminium weekly: China welcomes global aluminium industry participants for its ‘Aluminium China 2023’ exhibition
The primary aluminium sector has been witnessing shallow activity for the past few months. With the augmented prices of energy, the entire aluminium industry is now in search of effective methods that can significantly reduce their carbon emissions. Shanghai is getting ready for the ever so...
Hydro again offers higher price to Alumetal shareholders until the last date of subscription submission
According to a report on June 22, Hydro is again increasing the offered price for Alumetal share sale subscribers to PLN 82.00 per share, valid through the last date of subscription submission on June 30, 2023. All Alumetal shareholders who subscribe to the share sales tender in the current offer...
LME aluminium price surges by US$33.5/t to US$2,190.5/t; SHFE market is closed for China’s Dragon Boat Festival
On Thursday, June 22, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$33.5 per tonne or 1.55 per cent to settle at US$2,190 per tonne and US$2,190.50 per tonne. 3-month bid price and 3-month offer price were hiked by US$29 per tonne or 1.31 per cent to...
