ADC12 consolidates on a strong note as costs rise and orders see marginal improvement
Aluminium scrap: This week, China's aluminium scrap market price centre edged up alongside primary aluminium. As of September 10, SMM A00 aluminium prices closed at RMB 24,560 per tonne, up RMB 210 per tonne from RMB 24,350 per tonne last Thursday. Domestic aluminium scrap prices followed with...
Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
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Primary Aluminium Weekly Recap: Russia-Ukraine conflict lifts LME aluminium price to new high; Rio Tinto & Tasmanian State Government to work towards sustainable economy
The global aluminium benchmark price rally to a record high this week has created a buzz across the industry. On Thursday, February 24, the LME aluminium price stood 13-year high at US$3,519 per tonne, attributable to Russia-Ukraine conflict that fuelled the worldwide supply concerns of the metal....
LME aluminium benchmark price rallies to 13-year high this week before closing at US$3355/t; SHFE price settles at US$3607/t
The LME aluminium benchmark price rallied to a 13-year high this week, driven by the Ukraine-Russia conflict fuelling reduced metal supply concerns. After starting the week on Monday, February 21, at US$3,313 per tonne and US$3,315 per tonne, LME aluminium cash bid price and LME aluminium official...
Hindalco’s aluminium wire rod and billets prices build up by INR18250/t w.e.f. February 25
Hindalco Industries Limited has hiked its aluminium products and aluminium ingot prices as the LME aluminium benchmark price has rallied yet again to a 13-year high. With effect from February 25, the company has raised its aluminium wire rod price by INR 18,250 per tonne to INR 312,850 per tonne....
Century Aluminum reports 13% higher net sales with increased shipments to 200,961t in 4Q2021; Shipments in full-year dip 3% to 783,647t
On Thursday, February 24, Century Aluminum announced its fourth quarter and full-year 2021 results, revealing the net income of $60.4 million for Q4 versus $52.4 million a quarter ago. That was a quarterly increase of 15.27 per cent on higher shipments from 196,095 tonnes to 200,961 tonnes. Net...
NALCO’s aluminium ingot selling price inflates by INR20,000/t on worldwide supply woes
National Aluminium Company Limited has continued to increase its aluminium ingot and aluminium products prices for the third time in a row since February 9. With effect from Friday, February 25, NALCO’s aluminium ingot price has witnessed a surge of INR 20,000 per tonne or 7 per cent for the first...
Average alumina spot price in China declines by RMB 48/t to RMB 3,188/t; A00 aluminium ingot price grows by RMB 120/t
According to the Shanghai Metals Market, the average alumina spot price in China has been moving down since Tuesday, February 22. On Friday, February 25, the price has declined by RMB 48 per tonne to score at RMB 3,188 per tonne. The price in Shandong and Shanxi has also fallen down by RMB 60 per...
LME aluminium price hits new high at US$3519/t driven by Ukraine-Russia conflict; SHFE price gains US$13/t to US$3607/t
LME aluminium opened at US$3,288 per tonne on Thursday and closed at US$3,365 per tonne, an increase of US$71 per tonne or 2.16 per cent. On Thursday, February 24, LME aluminium prices jumped to a record high since 2008, driven by reduced metal supplies concerns due to Ukraine-Russia conflict....
Hindalco’s aluminium ingot price shrinks by 3% to INR283500/t with effect from February 24
Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from Thursday, February 24, following a significant increase on February 23. As per the pricing published by Hindalco, the company’s aluminium ingot price has come in at INR 283,500 per tonne,...
Shortage of aluminium in Europe causes regional prices to shoot up
A catastrophic scarcity of aluminium in Europe has caused regional prices to skyrocket, presenting chances for commodity traders who have pounced on once-in-a-lifetime opportunity to profit by exporting metal from warehouses 6,000 miles away. According to two persons aware of the cargoes, some...
Alumina spot price in China plunges by RMB42/t to score at RMB3236/t, but A00 aluminium ingot price remains restrained
The average alumina spot price in China has plunged by RMB 42 per tonne to score at RMB 3,236 per tonne on Thursday, February 24, found the Shanghai Metals Market. In Shandong, alumina price has nosedived by RMB 90 per tonne to come in at RMB 3,205 per tonne, while the price in Shanxi and Henan has...
LME aluminium price dips by US$96.5/t to record at US$3,323.50/t; SHFE price slips by US$17/t
Three-month LME aluminium opened at US$3,305 per tonne on Wednesday morning in European trading hours, and lost US$9 per tonne or 0.27% to close at US$3,294 per tonne. On Wednesday, February 23, LME aluminium cash bid price slipped by US$96 per tonne or 2.80% to peg at US$3,323 per tonne. For the...
Average alumina spot price in China dips by RMB 27/t to RMB 3,278/t; A00 aluminium ingot price slips by RMB 230/t
On Wednesday, February 23, the average alumina spot price in China has gone down by RMB 27 per tonne to score at RMB 3,278 per tonne, finds the Shanghai Metals Market. For the same day in Shandong and Henan the price has moved down by RMB 5 per tonne to settle at RMB 3,295 per tonne and RMB 3,315...
LME aluminium price escalates by US$105/t to peg at US$3,420/t; SHFE price slips by US$16/t
Three-month LME aluminium opened at US$3,285 per tonne on Tuesday morning, and gained US$13 per tonne or 0.4% to close at US$3,303 per tonne. On Tuesday, February 22, LME aluminium cash bid price had escalated by US$106 per tonne or by 3.19% to settle at US$3,419 per tonne. LME aluminium official...
Norsk Hydro’s dividend payment for 2021 may surge more than quadruple
Norsk Hydro, a Norwegian aluminium producer, posted record quarterly and yearly earnings on Tuesday, owing to a boom in global commodity prices, and indicated its dividend payout for 2021 will more than quadruple. In the October-December quarter, adjusted profits before interest, taxes,...
Shares of aluminium giant RUSAL drop by 22%, the biggest fall since April 2018
In Hong Kong, shares of United Co. Rusal International fell as much as 22% as investors watched the dramatic escalation in the West's standoff with Moscow over Ukraine. This is the greatest drop since April 2018, when Rusal was struck by an earlier wave of US sanctions in response to what the US...
Average alumina spot in China registers at RMB 3,305/t; A00 aluminium ingot price hikes by RMB 300/t
According to the Shanghai Metals Market, on Tuesday, February 22, the average alumina spot price has remained restrained to settle at US$3,305 per tonne. The price has remained the same since Wednesday, February 16. The price in provinces like Shandong and Henan has also remained constant to score...
LME aluminium price inches by 0.03% to US$3,315/t; SHFE price surges by US$57/t
LME aluminium opened at US$3,265.5 per tonne on Monday and closed at US$3,290 per tonne, an increase of US$23.5 per tonne or 0.72%. On Monday, February 21, LME aluminium cash bid price remained the same as Friday, February 18, to close at US$3,313 per tonne. But, LME aluminium official settlement...
Average alumina spot price in China pegs at RMB 3,305/t; A00 aluminium ingot price dips by RMB 120/t
On Monday, January 21, the average alumina spot price in China has remained restrained to score at RMB 3,305 per tonne, found the Shanghai Metals Market. For the same day in Shandong and Henan the price has remained restrained to peg at RMB 3,300 per tonne and RMB 3,320 per tonne. The average...
