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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LME aluminium benchmark price closes the week with a hike of US$26/t to US$2,356/t; SHFE price falls by US$14/t
LME aluminium opened at US$2,362 per tonne last Friday and closed at US$2,390 per tonne, up US$28 per tonne or 1.14 per cent. On Friday, April 14, both LME aluminium cash bid price and LME aluminium official settlement price expanded by US$26 per tonne or 1.11 per cent to halt at US$2,355 per tonne...
Primary aluminium weekly recap: Kenanga Bank keeps “neutral” stance on CBAM affecting seaports and logistics; Prices of non-ferrous metals reflect mixed results
Kenanga Investment Bank Bhd, a financial institution in Malaysia that offers investment management services, reiterated its "neutral" stance on the carbon emissions tax imposed on the seaports and logistics sectors. Rio Tinto is upgrading its casting facility to add new, cutting-edge machinery such...
India’s aluminium alloy ingot ADC12 price remains stable w-o-w
The domestic prices of aluminium alloy ingot ADC12 in India remained stable w-o-w at INR 197,000/t. Despite the start of the new fiscal year, the stability was attributed to modest buying demand. While established market players' output levels have stayed basically stable, there is considerable...
Alumina price in China inches down to RMB 2,917/t; A00 aluminium ingot price surges by RMB210/t
On Friday, April 14, the average alumina spot price in China inched down by RMB 1 per tonne to settle at RMB 2,917 per tonne. The prices in Lianyungang and Bayuquan have dropped by RMB 20 per tonne to settle at RMB 2,950 per tonne and RMB 3,050 per tonne. The price in Shanxi has fallen by RMB 10...
LME benchmark aluminium price treks US$71.5/t higher at US$2,330/t after Good Friday weekend; SHFE increases by US$47/t
LME aluminium opened at US$2,330.5 per tonne on Thursday, with its high and low at US$2,385 per tonne and US$2,321 per tonne respectively before closing at US$2,363 per tonne, an increase of US$39 per tonne or 1.68 per cent. On April 13, Thursday, the LME aluminium cash bid price came in at...
Prices of non-ferrous metals reflect mixed results
On April 11, 2023, the non-ferrous metals prices on the London Metal Exchange (LME) closed a mixed trend. The three-month aluminium futures contract fell 1.3 per cent to $2,302/t, while zinc prices fell 0.4 per cent to $2,779/t. Lead dropped 0.4% to $2,087/t. In the meantime, nickel prices climbed...
India's imported aluminium scrap prices decline marginally on limited trade
The price of imported aluminium scrap in India fell marginally, influenced by price movements on global commodities exchanges such as the London Metal Exchange (LME) and the Multi Commodity Exchange of India (MCX). These are recognised to have an impact on both the domestic and international...
China’s A00 aluminium ingot price returns to positive shift in April adding RMB60/t today; Low-carbon aluminium grows RMB50/t
A00 aluminium ingot price has augmented by RMB 60 per tonne, officially closing at RMB 18,500 per tonne, as the Shanghai Metals Market recorded on April 13, Thursday. The average prices are expected to range between RMB 18,480 per tonne and RMB 18,520 per tonne, with spot contracts trading at...
LME aluminium benchmark price dips by US$9.5/t to US$2,258.50/t; SHFE price gains US$17/t
LME aluminium opened at US$2,306.5 per tonne on Wednesday, with its high and low at US$2,333 per tonne and US$2,290.5 per tonne, respectively, before closing at US$2,324 per tonne, an increase of US$21 per tonne or 0.91 per cent. On Wednesday, April 12, both LME aluminium cash bid price and LME...
“2023 should be a good year for the aluminium industry,” C. Brian Hesse, Co-owner, President and CEO of PerenniAL
C. Brian Hesse is co-owner, President, and Chief Executive Officer of PerenniAL, with 26 years of experience in the aluminum industry in a variety of executive leadership, sales and marketing positions. He joined PerenniAL, the then Rusal America, in May 2019 as President and CEO. He led all...
China’s alumina spot price marks M-o-M fall of RMB18/t on April 12; A00 aluminium ingot price gains RMB60/t
The average alumina spot price in China has dropped by RMB 2 per tonne on Wednesday, April 12, after remaining restrained for the past three days at RMB 2,920 per tonne, found the Shanghai Metals Market. Data shows the price has come in at RMB 2,918 per tonne as of April 12, marking a...
LME benchmark aluminium price loses US$32.50/t after Good Friday; SHFE aluminium price drops US$3/t
LME aluminium prices opened at US$2,337.5 per tonne with the highest point of US$2,344 per tonne and the lowest point of US$2,296 per tonne and finally closed at US$2,303 per tonne, a decrease of US$37 per tonne or 1.58 per cent from the previous trading day. On April 11, Tuesday, the LME aluminium...
China’s A00 aluminium ingot price slumps by RMB240/t; High-purity aluminium (99.99%) price records RMB300/t crash
A00 aluminium ingot price has plummeted by RMB 240 per tonne, officially closing at RMB 18,380 per tonne, as the Shanghai Metals Market recorded on April 11, Tuesday. The average prices are expected to range between RMB 18,360 per tonne and RMB 18,400 per tonne, with spot contracts trading at a...
SHFE aluminium price slumps by US$37/t to US$2,678/t; LME aluminium remained closed for Good Friday
On Tuesday, April 11, the SHFE aluminium benchmark price contracted by US$37 per tonne or 1.36 per cent to halt at US$2,678 per tonne. SHFE 2305 aluminium closed down RMB 25 per tonne or 0.13 per cent at RMB 18,615 per tonne. The open interest dipped from 1,968 lots to 201,697 lots. At Monday’s...
“The immediate outlook for aluminium remains under some pressure due to its close correlation to the health of the global economy,” Abdulnasser Bin Kalban, CEO of Emirates Global Aluminium (EGA)
AlCircle: Could you please briefly tell us about EGA's performance and growth in 2022? Abdulnasser Bin Kalban: Last year was another extraordinary one for our industry. At EGA, we delivered our best-ever financial results by focusing throughout the year on what we control – the safety of our...
China’s A00 aluminium ingot price dips by RMB50/t to RMB18,620/t; Low carbon aluminium price inches up by RMB1/t
On Monday, April 10, China’s A00 aluminium ingot price opened the week with a drop of RMB 50 per tonne to halt at RMB 18,620 per tonne, with the spot contract price expected to be traded at a discount price of RMB 50 to RMB 10 per tonne. The average prices are expected to range between RMB 18,600...
SHFE aluminium price gains US$3/t reaching US$2,715/t; LME aluminium remains closed for Good Friday
On April 10, today, the SHFE aluminium benchmark price has clocked at US$2,715 per tonne, with a slight escalation of US$3 per tonne or 0.11 per cent. The SHFE aluminium price has been hovering around the average price of US$2,708.80 throughout the first week of April, with traits of remaining...
Aluminium wire rod & billets prices of Hindalco and Vedanta close the week lower by INR7250/t
Hindalco, NALCO, and Vedanta have trimmed their aluminium ingot and aluminium products prices at the end of the week in response to the LME aluminium price fall over the past three days. However, at the beginning of the week, on April 4, Hindalco and Vedanta lifted their aluminium ingot prices to...
