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 price dwindles by US$71/t to US$2,226/t; SHFE price plunges to US$2,475/t
LME aluminium opened at US$2,284.5 per tonne last Friday, with its high and low at US$2,285 per tonne and US$2,191 per tonne, respectively, before closing at US$2,234 per tonne, a drop of US$57 per tonne or 2.49 per cent. On Friday, October 28, both LME aluminium cash bid price and LME aluminium...
Vedanta’s aluminium wire rod & billet prices accumulate INR9500/t on October 27
Vedanta Limited hiked its aluminium wire rod and billet prices, effective from Thursday, October 27, following a slash of INR 6,000 per tonne on October 22. The company’s aluminium wire rod price witnessed a gain of INR 9,500 per tonne on October 27 to come in at INR 224,750-232,250 per tonne...
LME benchmark aluminium price slides up by US$31.54/t to US$2297/t; SHFE faces US$35/t slump
LME aluminium opened at US$2,333.5 per tonne on Thursday; with its high and low at US$2,341.5 per tonne and US$2,275 per tonne, respectively, before closing at US$2,291 per tonne, a drop of US$39 per tonne or 1.67 per cent. On October 27, Thursday LME aluminium cash bid price augmented by US$31.50...
A00 aluminium ingot price in China slumps by RMB280/t; Low carbon aluminium price declines by RMB275/t
On Friday, October 28, A00 aluminium ingot price in China slumped by RMB 280 per tonne to reside at RMB 18,300 per tonne, with the average prices standing between RMB 18,280 per tonne and RMB 18,320 per tonne. The spot contract price is likely to be traded at a discount price of RMB 50 to RMB 10...
China’s A00 aluminium ingot price sheds RMB60/t; Bauxite price falls in Shanxi by RMB2.5/t
A00 aluminium ingot price has decreased by RMB 60 per tonne to close at RMB 18,580 per tonne, as the Shanghai Metals Market recorded on Thursday, October 27. The average prices are expected to range between RMB 18,560 per tonne and RMB 18,600 per tonne, with spot contracts trading at the discount...
LME aluminium price shot up by US$95/t to US$2,265.50/t; SHFE price mounts to US$2,589/t
LME aluminium opened at US$2,222 per tonne on Wednesday, with its high and low at US$2,343.5 per tonne and $2,217.5 per tonne, respectively, before closing at US$2,330 per tonne, an increase of US$115 per tonne or 5.19 per cent. On Wednesday, October 26, both LME aluminium cash bid price and LME...
Hydro reports Y-o-Y growth of 34.65% in adjusted EBIDTA due to higher metal prices
The Norwegian aluminium and renewable energy giant Norsk Hydro reported an adjusted EBIDTA of NOK9,721 million in 3Q2022, a growth of 34.65 per cent from NOK7,219 million recorded for the same period last year, resulting in a 12-month rolling Adjusted RoaCE of 27 per cent. Earnings were positively...
NALCO slightly reduces its aluminium ingot price by INR1400/t with effect from October 26
National Aluminium Company Limited (NALCO) has slightly cut its aluminium ingot and aluminium products prices compared to the previous slash last week, October 19. This week, Nalco has reduced its aluminium ingot price by only INR 1,400 per tonne or 0.7 per cent to INR 210,450-213,950 per tonne as...
LME benchmark aluminium price soars to US$2170.5/t; SHFE also goes up by US$21/t
LME aluminium opened at US$2,180 per tonne on Tuesday, with its high and low at US$2,250 per tonne and US$2,156.5 per tonne, respectively, before closing at US$2,215 per tonne, an increase of US$38 per tonne or 1.75 per cent. On October 25, Tuesday LME aluminium cash bid price went up the graph by...
China’s A00 aluminium ingot price grows by RMB90/t; Alumina price inches down by RMB2/t
On Wednesday, October 26, A00 aluminium ingot price in China ascended by RMB 90 per tonne to settle at RMB 18,640 per tonne, with the average prices ranging between RMB 18,620 per tonne and RMB 18,660 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 per...
China’s A00 aluminium ingot price loses RMB100/t; Alumina price in Guizhou sinks by RMB15/t
A00 aluminium ingot price has downsized by RMB 100 per tonne to close at RMB 18,550 per tonne, as the Shanghai Metals Market recorded on Tuesday, October 25. The average prices are expected to range between RMB 18,530 per tonne and RMB 18,570 per tonne, with spot contracts trading at the discount...
LME aluminium benchmark price grows slightly by US$4.5/t; SHFE price descends to US$2538/t
Three-month LME aluminium opened at US$2,227.50 per tonne, with the highest and lowest prices at US$2,234.50 per tonne and US$2,170.50 per tonne before closing at US$2,177 per tonne, down US$41.50 per tonne or 1.87 per cent. On Monday, October 24, LME aluminium cash bid price and LME aluminium...
Hindalco’s aluminium products prices loss INR6000/t on October 22 in line with LME price plunge
Hindalco Industries’ aluminium products prices suffered a loss of INR 6,000 per tonne on October 22, the same amount as they grew by the previous day. Therefore, the company’s aluminium billets price came in at INR 219,600 per tonne on Saturday, October 22, versus INR 225,600 per tonne on Friday,...
Alumina spot price in China slips by RMB7/t on Monday; A00 aluminium ingot price records a drop of RMB10/t
The average alumina spot price in China has initiated the week with a further drop of RMB 7per tonne to settle at RMB 2,799 per tonne as of Monday, October 24, according to the Shanghai Metals Market (SMM). Among the major consumption cities, Guangxi has witnessed a decline of RMB 20 per tonne to...
LME aluminium price plunges to US$2,155.50/t; SHFE price slips by US$2/t
LME aluminium opened at US$2,218 per tonne last Friday, with its high and low at US$2,240.5 per tonne and US$2,165.5 per tonne, respectively, before closing at US$2,218.5 per tonne, an increase of US$1.5 per tonne or 0.07 per cent. On Friday, October 21, both LME aluminium cash bid price and LME...
LME aluminium price trended down this week to $2155.5/t due to large arrivals of stocks; SHFE price closed higher at $2576/t
Both LME aluminium cash bid price and LME aluminium official settlement price started the week on Monday, October 17, with a plunge of US$69.50 per tonne and US$69 per tonne, respectively, to rest at US$2,239 per tonne and US$2,240 per tonne due to large deliveries to warehouses approved by the...
Press Metal founding members sell 1.5% stake worth RM605.59 million
Malaysia-based Press Metal Aluminium Holdings Bhd has retrieved 123.59 million shares from the market, selling almost a 1.5 per cent stake in the company amounting to RM605.59 million, as was recorded in the local bourse board. The group filled in the data on October 19, Wednesday and Bursa...
Hindalco’s aluminium ingot price rallies by INR6000/t on October 21
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices for the second day in a row with effect from October 21, 2022. The company’s latest price of aluminium ingot is INR 211,500 per tonne, up by INR 6,000 per tonne or 3.17 per cent from INR 205,500 per tonne on...
