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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Alumina price in China slumps by RMB10/t; A00 aluminium ingot price dwindles by RMB80/t
On Monday, June 12, the average alumina spot price has descended by RMB 10 per tonne to reside at RMB 2,833 per tonne. The price in Henan has decreased by RMB 20 per tonne to peg at RMB 2,900 per tonne. In Shandong and Shanxi, the alumina price has fallen by RMB 10 per tonne to clock at RMB 2,815...
Hydro increases its offer to PLN 82.00 per share for Alumetal shareholders
According to a report released on June 8, Hydro is offering PLN 82.00 for each Alumetal share who subscribes for sale by 23:59 on June 15, 2023. The offer is also open to those who submitted their sale subscriptions before the price increased but with the condition that approximately 32.7 per cent...
China’s A00 aluminium ingot price rallies for 3 days straight to RMB18650/t
The Shanghai Metal Market has escalated by RMB 130 per tonne in the aluminium spot price, officially stopping at RMB 18,650 per tonne today, June 9. The average aluminium price trends are between RMB 18,630 per tonne and RMB 18,670 per tonne. The premium and discount prices have hovered around RMB...
LME aluminium benchmark price expands to US$2,187.50/t; SHFE price gains US$26/t
LME aluminium opened at US$2,211.5 per tonne on Thursday, with its low at US$2,211 per tonne before closing at US$2,263.5 per tonne, up US$50.5 per tonne or 2.28 per cent. On Thursday, June 8, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$19 per tonne or...
India's import price for aluminium scrap fluctuates W-o-W due to uncertainty in LME spot prices
The Indian price chart of imported aluminium scrap has recently projected significant ups and downs, with various grades experiencing highs and lows. The biggest noticeable spike has been US$40 per tonne, while the greatest drop was US$80 per tonne compared to the week gone by. These changes can be...
China’s A00 aluminium ingot price registers a growth of RMB120/t W-o-W
On Thursday, June 8, China’s A00 aluminium ingot price has grown by RMB 140 per tonne to halt at RMB 18,520 per tonne, with the average prices expected to range between RMB 18,500 per tonne and RMB 18,540 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 to a...
LME benchmark aluminium price sheds US$3/t; SHFE aluminium gets 0.31% hike amidst higher US interest rates
LME aluminium opened at US$2,208 per tonne on Wednesday, with its high and low at US$2,233 per tonne and US$2,208 per tonne, respectively, before closing at US$2,213 per tonne, up US$7.5 per tonne or 0.34 per cent. Bank of Canada unexpectedly raised interest rates, anticipating US Fed's rate hike...
LME aluminium price plunges by US$44/t to US$2,172/t; SHFE price hikes to US$2,582/t
LME aluminium opened at US$2,238 per tonne on Tuesday, with its low and high at US$2,205.5 per tonne and US$2,246 per tonne, respectively, before closing at US$2,205.5 per tonne, a drop of US$34.5 per tonne or 1.54 per cent. On Tuesday, June 6, both LME aluminium cash bid price and LME aluminium...
China’s A00 aluminium ingot price soars RMB100/t today, down RMB90/t or 0.49% M-o-M
The Shanghai Metal Market has witnessed an upward stroke of RMB 100 per tonne in the aluminium spot price, officially stopping at RMB 18,380 per tonne today, June 7. The average aluminium price trends are between RMB 18,360 per tonne and RMB 18,400 per tonne. The premium prices have circled around...
LME benchmark aluminium price skids by US$47.50/t to US$2216/t; SHFE marks W-o-W drop of US$3/t
LME aluminium opened at US$2,267.5 per tonne Monday, with its low and high at US$2,233 per tonne and US$2,273.5 per tonne respectively before closing at US$2,240 per tonne, a drop of US$27.5 per tonne or 1.21 per cent. Despite concerns about a global economic downturn, there is some positive news...
A00 aluminium ingot price in China declines by RMB130/t to RMB18,280/t
On Tuesday, June 6, China’s A00 aluminium ingot price has slumped by RMB 160 per tonne to settle at RMB 18,280 per tonne, with the spot contract price expected to be traded at a discount price of RMB 40 per tonne to a premium price of RMB 0 per tonne. The average price is expected to range between...
Imported aluminium scrap price in India records significant fluctuation W-o-W
The domestic aluminium scrap market remained stable. Price alternations by important industry participants had little impact on the market. Stress grade scrap was recorded at INR 163,000 per tonne, while utensil prices were INR 173,500 per tonne exy-Delhi. As a result, transactions remained mild,...
China’s domestic A00 aluminium ingot price declines over the weekend below RMB18500/t
A00 aluminium ingot price in China has decreased over the weekend ending Monday, June 5, following two consecutive hikes on June 1 and June 2. According to the Shanghai Metals Market data, the ingot price has slumped by RMB 160 per tonne to settle at RMB 18,410 per tonne but stands higher...
LME aluminium price contracts by US$17.5/t to US$2,263.50/t; SHFE price declines by US$26/t
LME aluminium opened at US$2,275 per tonne last Friday, with its low and high at US$2,256 per tonne and US$2,314.5 per tonne, respectively, before closing at US$2,267.5 per tonne, a drop of US$2.5 per tonne or 0.11 per cent. On Friday, June 2, both LME aluminium cash bid price and LME aluminium...
Primary aluminium weekly: AL Circle and the aluminium industry at large grieve the demise of Mr Bhavani Shankar Pani
The primary sector witnessed a great loss last week when news about Mr Bhavani Shankar Pani came floating. A member of Utkal Chamber of Commerce (UCC), and the former DGM (Technical) of NALCO closed his eyes on Saturday, 11:20 PM, at HCG Oncology Hospital in Bengaluru. Team AL Circle is saddened by...
China’s A00 aluminium ingot price expands by RMB170/t; Alumina price loses RMB4/t
On Friday, June 2, the A00 aluminium ingot price in China has hiked by RMB 170 per tonne to settle at RMB 18,570 per tonne, with the average prices between RMB 18,550 per tonne and RMB 18,590 per tonne. The spot contract price is expected to be traded at a premium price of RMB o to RMB 40 per...
LME benchmark aluminium price faces 15.56% Y-o-Y decline on June 1; SHFE aluminium dips US$42/t
LME aluminium opened at US$2,243.5 per tonne on Thursday, with its low and high at US$2,233.5 per tonne and US$2,292.5 per tonne respectively before closing at US$2,270 per tonne, up US$23 per tonne or 1.02 per cent. On June 1, Thursday, the LME aluminium cash bid price and the LME aluminium...
Rio Tinto makes $122 million underlying profit from Tiwai Point aluminium smelter in 2022
Rio Tinto, a well-known mining corporation in Australia, has recently announced a significant profit from its aluminium smelter located in Bluff. The holding company for Rio Tinto's 79% share in the smelter, Pacific Aluminium, has recorded an "underlying" profit of $122 million for the year ending...
