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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A00 aluminium ingot price grows by RMB90/t but stands W-o-W lower; Aluminium alloy (A356) price climbs to RMB19600/t
A00 aluminium ingot price in China has continued to grow by RMB 90 per tonne to score above RMB 18,500 per tonne. According to the Shanghai Metals Market survey, the price stands at RMB 18,530 per tonne on Thursday, March 2, with average prices likely to range between RMB 18,510 per tonne and RMB...
LME aluminium benchmark price surges by US$64/t to US$2,364/t; SHFE price mounts to US$2,704/t
LME 3M aluminium opened at US$2,370 per tonne and closed Wednesday at US$2,440 per tonne, up US$72 per tonne or 3.04 per cent. On March 1, Wednesday, both LME aluminium cash bid price and LME aluminium official settlement price escalated by US$64 per tonne or 2.78 per cent to halt at US$2,362 per...
NALCO cuts its aluminium ingot price by INR4000/t with effect from February 28
National Aluminium Company Limited (NALCO) axed its aluminium ingot and aluminium products prices by INR 4,000 per tonne on Tuesday, February 28. That brought the company’s aluminium ingot price to INR 224,150-227,650 per tonne versus INR 228,150-231,650 per tonne on February 23. NALCO’s latest...
LME aluminium benchmark price slips by US$14/t to settle at US$2300/t; SHFE grows to US$2670/t
Three-month LME aluminium opened at US$2,370 per tonne on Tuesday and closed at US$2,372 per tonne, a decrease of US$4.5 per tonne or 0.19 per cent. On Tuesday, February 28, the LME aluminium cash bid price and LME aluminium official settlement price again decreased after an intermittent rise on...
China’s A00 aluminium ingot price gains RMB110/t to RMB18,440/t; Average alumina price moves down by RMB4/t
On Wednesday, March 1, China's A00 aluminium ingot price has gained RMB 110 per tonne to settle at RMB 18,440 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. The average prices will likely range between RMB 18,420 per tonne...
China’s domestic average alumina price dips by RMB1/t to RMB2946/t; A00 aluminium ingot price remains muted
According to the Shanghai Metals Market, China’s domestic average alumina spot price has dipped by RMB 1 per tonne to settle at RMB 2,946 per tonne as of Tuesday, February 28. In Henan and Guizhou, alumina price has plunged by RMB 15 per tonne and RMB 5 per tonne to stand at RMB 2,980 per tonne and...
LME aluminium benchmark price moves up by US$7/t to US$2,314/t; SHFE price grows to US$2,658/t
LME aluminium opened at US$2,344 per tonne on Monday and closed at US$2,376.5 per tonne, an increase of US$34.5 per tonne or 1.47 per cent. On Monday, February 27, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$8 per tonne or 0.34 per cent and US$7 per...
Hindalco’s aluminium products prices experience a sharp cut of INR11250/t in only three days
Hindalco Industries Limited axed its aluminium products prices for three consecutive days last week since February 23. Following the cut of INR 3,750 per tonne on February 23 , Hindalco withdrew another INR 1,750 per tonne from its aluminium wire rod price on February 24. Hence, the product’s...
Century Aluminum reports an 87% hike in annual net sales for FY2022 amid sluggish shipment volume
On February 23, Century Aluminum declared its financial results ended December 31, 2022, revealing an increase in annual net sales by 87.45 per cent from US$2,212.50 million in FY21 to US$2,777.30 million in FY2022. But that during Q4 2022 stood down by 16.84 per cent at US$529.9 million versus...
China’s A00 aluminium ingot price opens the week with a fall of RMB150/t; Australian alumina price drops to US$369/t
On Monday, February 27, China’s A00 aluminium ingot recorded a decline of RMB 150 per tonne to stand at RMB 18,330 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110 to RMB 70 per tonne. On a W-o-W calculation, a plunge of RMB 360 per tonne was witnessed....
LME aluminium benchmark price slumps by US$61.50/t over the weekend; SHFE price moves down to US$2642/t
Three-month LME aluminium opened at US$2,389.50 per tonne last Friday and closed at US$2,642 per tonne, a decrease of US$47.50 per tonne or 1.99 per cent. On Friday, February 24, the LME aluminium benchmark price contracted significantly, marking the third consecutive fall. While the LME aluminium...
NALCO increases its aluminium ingot price by INR1600/t with effect from February 23
National Aluminium Company Limited (NALCO) has increased its aluminium ingot and aluminium products prices, with effect from Thursday, February 23, after several cuts since February 7, 2023. This week, the company has lifted its aluminium ingot price by INR 1,600 per tonne to INR 228,150-231,650...
Primary aluminium weekly recap: Citi flags the possibility of Chinese aluminium prices soaring 13% in three months; Yunnan province orders aluminium smelters to cut production again
This week started with the news of a fresh round of power restrictions implemented in China's Yunnan province. To stabilise the electrical supply, the Yunnan province of China directed the aluminium smelters in the area to adopt another round of output limitations. Since September, several of...
Constellium reports a 31% hike in annual revenue despite sluggish shipments in CY2022, thanks to robust metal prices
On Wednesday, February 22, Constellium SE, a global leader in developing, manufacturing, and recycling aluminium products, announced the fourth quarter and full-year results ended December 31, 2022. The company reported its revenue grew by 8 per cent year-on-year to €1.8 billion in Q4 2022,...
Citi flags the possibility of Chinese aluminium prices soaring 13% in three months, predicting the metal to take the economic lead
Citigroup Inc. or Citi, an American multinational investment bank and financial services company, stated that, with the reopening of the Chinese economy, the demand for aluminium is expected to rise, surpassing iron-ore. The broker emphasised the numerous supply issues faced by aluminium, which...
China’s A00 aluminium ingot price loses RMB140/t on wavering consumption by downstream: SMM
According to the Shanghai Metals Market, China's domestic A00 aluminium ingot price has suffered a loss of RMB 140 per tonne on Friday, February 24, after displaying restraint for the past two consecutive days. SMM data shows the price has come in at RMB 18,480 per tonne, standing W-o-W high by RMB...
LME aluminium price slips by US$17/t to US$2,368.5/t; SHFE price drops to US$2,681/t
LME aluminium opened at US$2,415 per tonne on Thursday and closed at US$2,389.5 per tonne, a decrease of US$23.5 per tonne or 0.97 per cent. On Thursday, February 23, both LME aluminium cash bid price and LME aluminium official settlement price went down by US$17 per tonne or 0.71 per cent to...
Hindalco’s aluminium prices see the first cut this week after two consecutive hikes; ingot price stands at 1.6% lower
Hindalco Industries Limited has cut its aluminium ingot and aluminium products prices, with effect from February 23, after two consecutive hikes on February 21 and 22, on account of the LME aluminium price drop. The company has reduced its aluminium ingot price by INR 3,750 per tonne or 1.62 per...
