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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Alcoa’s full-year 2022 revenue grows 2.5% Y-o-Y to $12,451 million amid volatile prices and energy supply challenge
On Wednesday, January 18, Alcoa Corporation announced its fourth quarter and full-year 2022 results, reporting a strong balance sheet. The organization worked hard to combat challenging market conditions throughout the year, like volatile alumina and aluminium prices and energy supply shortage. In...
Vedanta’s aluminium wire rod & billet prices experience a slash of over 3% on Jan 20
Vedanta Limited has slashed the prices of aluminium products from January 20 following a surge on the previous day. The company has cut its aluminium wire rod price by INR 9,250 per tonne or 3.5 per cent to INR 245,500-253,000 per tonne as of January 20. On January 19, the price stood at INR...
LME benchmark aluminium price faces US$95/t slump; SHFE aluminium price treks upwards by US$5/t
LME aluminium opened at US$2,638 per tonne on Thursday and closed at US$2,583.5 per tonne, a drop of US$54.5 per tonne or 2.07 per cent. On January 19, Thursday, the LME aluminium cash bid price plummeted by US$96 per tonne or 3.64 per cent, and the LME aluminium official settlement price stooped...
A00 aluminium ingot price nears RMB19000/t at the week-end; aluminium alloy (A356) price marks fourth consecutive hike
A00 aluminium ingot price in China has grown for the fourth consecutive day by RMB 140 per tonne to near RMB 19,000 per tonne. According to the Shanghai Metals Market, the price has stopped at RMB 18,980 per tonne on Friday, January 20, with average prices estimated to range between RMB 18,960 per...
Hindalco’s aluminium ingot price sees a surge of 2.6% on January 19
Hindalco Industries Limited has escalated by INR 6,250 per tonne or 2.6 per cent, with effect from Thursday, January 19. This has brought the company’s aluminium ingot price to INR 246,250 per tonne versus INR 240,000 per tonne on January 18. Hindalco’s aluminium ingot price on January 18 witnessed...
A00 aluminium ingot price further up by RMB200/t enabling smelters to yield profit; Aluminium alloy price returns to RMB20000/t
A00 aluminium ingot price in China has recorded a hike for the third day in a row by RMB 200 per tonne to settle at RMB 18,840 per tonne, learned the Shanghai Metals Market data. The average prices are expected to range between RMB 18,820 per tonne and RMB 18,860 per tonne, with a spot contract to...
LME aluminium benchmark price closes 3% higher at US$2636/t; SHFE uptrends to US$2796/t
The three-month LME aluminium opened at US$2,618.50 per tonne on Wednesday, January 18, and closed at US$2,611.50 per tonne, a decrease of US$7 per tonne or 0.27 per cent. On the same day, the LME aluminium cash bid price and the LME aluminium official settlement price surged by US$73 per tonne and...
NALCO’s aluminium ingot price escalates by 4% with effect from January 18
National Aluminium Company Limited (NALCO) has continued to significantly increase its aluminium ingot and aluminium products prices in line with the LME aluminium price hike. With effect from Wednesday, January 18, NALCO has escalated its aluminium ingot price by INR 10,000 per tonne to range...
LME aluminium benchmark price records a drop of 1.6% after two hikes in a row; SHFE gains US$10/t
The three-month LME aluminium opened at US$2,618.50 per tonne on Tuesday and closed at US$2,624.50 per tonne, an increase of US$6 per tonne or 0.23 per cent. On Tuesday, January 17, the LME aluminium cash bid price and the LME aluminium official settlement price recorded a downfall of US$40.50 per...
China’s A00 aluminium ingot price augments by RMB130/t; Australian alumina FOB price shoots up by US$7/t
A00 aluminium ingot price has been boosted by RMB 130 per tonne, halting at RMB 18,640 per tonne, as the Shanghai Metals Market recorded on January 18. The aluminium price has risen for two consecutive days, and the mid-week scenario seems to be pointing at a subtle price increase throughout the...
China’s alumina price ascends by RMB12/t to RMB2,945/t; A00 aluminium ingot price mounts to RMB18,510/t
On Tuesday, January 17, the average alumina spot price has hiked by RMB 12 per tonne to halt at RMB 2,945 per tonne. Prices in Henan and Guangxi have increased by RMB 10 per tonne to peg at RMB 2,990 per tonne and RMB 2,890 per tonne. On the same day, prices in Shandong and Shanxi have gone up by...
LME benchmark aluminium price travels US$92/t up to US$2603/t; SHFE loses US$6/t
LME aluminium opened at US$2,595 per tonne on Monday and closed at US$2,603.5 per tonne, an increase of US$8.5 per tonne or 0.33 per cent. On January 16, Monday, the LME aluminium cash bid price and the LME aluminium official settlement price glided up by US$92 per tonne or 3.66 per cent, closing...
Vedanta’s aluminium products prices witness a 2% hike with effect from January 14
Vedanta Limited lifted its aluminium products and aluminium ingot prices by INR 4,500 per tonne on Saturday, January 14. That brought the company’s aluminium wire rod price to INR 243,000-250,500 per tonne versus INR 238,500-246,000 per tonne on January 12. With the latest hike, Vedanta’s aluminium...
Goldman Sachs projects bullish global aluminium price trend in 2023 buoyed by higher demand
The Goldman Sachs Group, a leading global investment bank and financial services company, shared aluminium price forecasts whereby it projected a growth led by soaring demand in Europe and China. But the setback it might create is supply shortages. As per the prediction noted by analysts like...
Hindalco continues to increase its aluminium prices in line with LME price rally; ingot price sums at INR234,500/t
Hindalco Industries Limited back-to-back hiked its aluminium ingot and aluminium products prices on January 14. Previously, on January 12, Hindalco lifted its aluminium ingot price by INR 3,250 per tonne from INR 226,750 per tonne to INR 230,000 per tonne. On Saturday, January 14, the price was...
LME aluminium price surges by US$64/t to US$2,511/t; SHFE price ascends by US$24/t
LME aluminium opened at US$2,552 per tonne last Friday and closed at US$2,592.6 per tonne, an increase of US$44.1 per tonne or 1.73 per cent. On Friday, January 13, both LME aluminium cash bid price and LME aluminium official settlement price shot up by US$94.5 per tonne or 3.86 per cent and US$64...
China’s A00 aluminium ingot price marks RMB10/t slump after a week of steep rise; Low carbon aluminium sheds RMB30/t
A00 aluminium ingot price has dived down by RMB 10 per tonne, resting at RMB 18,450 per tonne, as the Shanghai Metals Market recorded at the beginning of the week, Monday, January 16. Last week, the aluminium ingot prices were on an upward trajectory but were unable to reach the range of RMB 19,060...
Primary aluminium weekly recap: Slovalco closes aluminium operations after 70 working years; Aluminium Dunkerque to begin operations surpassing electricity problems
This week the primary aluminium sector has marked various shortcomings, with Slovalco closing the only aluminium smelter in Slovakia after 70 years of successful operation. The rising energy crisis in Europe and the impending effects of the Russia-Ukraine crisis have started showing their shades...
