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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US primary aluminium monthly production plunges 14,000 tonnes in July’22
According to the US Census Bureau data, domestic primary aluminium production in July 2022 was 64,000 tonnes, with daily average output at 2,070 tonnes. Compared to the previous month, monthly aluminium production in July edged 14,000 tonnes or 17.95 per cent lower than 78,000 tonnes and daily...
Rusal dominates the bauxite and alumina supply chain in addition to primary aluminium production
As the global economy is driving through a challenging situation, the aluminium sector witnessed’s price drop amidst the alleged dumping of Russian aluminium, weakening the demand for metal and propelling the cost of production. Aluminium stocks in London Metals Exchange (LME) warehouses surged...
LME benchmark aluminium price gains US$45/t arriving at US$2214/t; SHFE records 1.1% boost
LME aluminium opened at US$2,186 per tonne on Thursday, with its high and low at US$2,209.5 per tonne and US$2,186.5 per tonne, respectively, before closing at US$2,217 per tonne, an increase of US$27 per tonne or 1.23 per cent. On October 20, Thursday, LME aluminium cash bid price elevated by...
Vedanta’s aluminium billet price accumulates INR6000/t on Oct. 21 in response to LME price hike after four days
Vedanta Limited has hiked its aluminium products and aluminium ingot prices with effect from October 21 in response to the LME aluminium price rally after four consecutive days of decline. Vedanta’s aluminium wire rod price has accumulated INR 6,000 per tonne to range between INR 221,250- 228,750...
A00 aluminium ingot price closes the week with a growth of RMB220/t; Alumina price slips by RMB4/t
A00 aluminium ingot price in China hikes for the third consecutive day to settle at RMB 18,660 per tonne as of Friday, October 21. The price has witnessed a hike of RMB 220 per tonne, with the average prices ranging between RMB 18,640 per tonne and RMB 18,680 per tonne. The spot contract price is...
A00 aluminium ingot price in China grows by RMB50/t to RMB 18,440/t; Alumina price went down by RMB2/t
On Thursday, October 20, the A00 aluminium ingot price in China hikes by RMB 50 per tonne to settle at RMB 18,440 per tonne. The average price for the same is likely to range between RMB 18,420 per tonne and RMB 18,460 per tonne, with the spot contract to be traded at a premium price of RMB 0 to...
LME aluminium price drops by US$31.5/t to US$2,169/t; SHFE price hikes by US$9/t
LME aluminium opened at US$2,186 per tonne on Wednesday, with its high and low at US$2,209.5 per tonne and US$2,162 per tonne, respectively, before closing at US$2,190 per tonne, a drop of US$10 per tonne or 0.46 per cent. On Wednesday, October 19, both LME aluminium cash bid price and LME...
NALCO sharply cuts its aluminium ingot price by INR11400/t with effect from October 19
National Aluminium Company Limited (NALCO) has axed its aluminium ingot and aluminium products prices, on October 19, after witnessing a hike on Thursday, October 6. NALCO’s aluminium ingot price has seen a slash of INR 11,400 per tonne to come in at INR 211,850-215,350 per tonne versus INR...
Hindalco Industries cuts its aluminium wire rod & billet prices for the third day by INR4000/t
Hindalco Industries Limited has back-to-back cut its aluminium products and aluminium ingot prices on October 18 and 19. As per the revised prices revealed, Hindalco’s latest aluminium wire rod price stands at INR 218,850 per tonne on October 19 versus INR 222,850 per tonne on October 18. Today,...
LME warehouse in South Korea receives Russian-origin aluminium from Glencore
On Tuesday, October 18, Switzerland-headquartered Anglo-Swiss multinational commodity trading and mining company Glencore shipped substantial volumes of Russian-origin aluminium to London Metal Exchange (LME) registered warehouses in Gwangyang, South Korea. As per the sources, the aluminium shipped...
China’s A00 aluminium ingot price mounts to RMB 18,390/t; Alumina price went down by RMB7/t
On Wednesday, October 19, the A00 aluminium ingot price in China ascended by RMB 80 per tonne to settle at RMB 18,390 per tonne, with the average prices ranging between RMB 18,370 per tonne and RMB 18,410 per tonne. The spot contract price is likely to be traded at a discount price of RMB 10 per...
LME aluminium benchmark price slips to US$2,200.50/t; SHFE price moves down by US$6/t
LME aluminium opened at US$2,245 per tonne on Tuesday, with its high and low at US$2,258 per tonne and US$2,178 per tonne, respectively, before closing at US$2,180 per tonne, a drop of US$64 per tonne or 2.85 per cent. Growing inventory and weak demand sent LME aluminium lower. On Tuesday, October...
A00 aluminium ingot price in China drops by RMB190/t; Alumina price went down by RMB3/t
On Tuesday, October 18, China’s A00 aluminium ingot price dropped by RMB 190 per tonne to settle at RMB 18,310 per tonne, with the average prices ranging between RMB 18,290 per tonne and RMB 18,330 per tonne. The spot contract price is expected to be traded at a discount price of RMB 30 per tonne...
LME aluminium price declines to US$2,240/t due to jump in inventory; SHFE price slumps by US$43/t
LME aluminium opened at US$2,301 per tonne on Monday and closed at US$2,214 per tonne, down US$46.5 per tonne or 2.03 per cent. On Monday, October 17, aluminium prices dropped due to large deliveries to warehouses approved by the London Metal Exchange (LME). Both LME aluminium cash bid price and...
Alumina spot price in China slips by RMB 11/t to RMB 2,822/t; A00 aluminium ingot price descends to RMB 18,500/t
On Monday, October 17, the average alumina spot price in China went down by RMB 11 per tonne to settle at RMB 2,822 per tonne. The price in Bayuquan has descended by RMB 50 per tonne to come in at RMB 2,925 per tonne. On the same day, in Shandong, the alumina price slipped by RMB 20 per tonne to...
LME aluminium price declines to US$2,309/t; SHFE price falls by US$24/t
LME aluminium opened at US$2,330 per tonne last Friday, with its intraday high and low at US$2,393 per tonne and US$2,287 per tonne, respectively, before closing at US$2,290 per tonne, a drop of US$61.5 per tonne or 2.61 per cent. The decline was caused by the growing LME aluminium inventory. On...
Primary aluminium recap final: Joe Biden's administration considering a complete ban on Russian aluminium; LME plans to limit aluminium trade with Russia
The ongoing Russia-Ukraine crisis has changed a lot of things in the industry. From the domestic aluminium prices witnessing a hike over the past week to Alcoa influencing the Biden administration to prevent American imports of Russian aluminium, it has brought about a lot of differences. As a...
Hindalco’s aluminium ingot price uptrends by INR 13,750/t after two back-to-back cuts
Hindalco Industries Limited has expanded its aluminium ingot and aluminium product prices in line with the global aluminium benchmark price increase. As of Friday, October 14, Hindalco’s latest aluminium ingot price closed at INR 223,750 per tonne, up by INR 13,750 per tonne from INR 210,000 per...
