H1’26 LME aluminium stocks dip 31.82%: Russian sanctions & Gulf crisis pack a double blow
As we reflect on the Middle East crisis that commenced on February 28, 2026, and stretched into the second half of the year, it brings to mind the dramatic rise and fall of the London Metal Exchange (LME) aluminium price that reached four-year highs before cooling down. The skyrocketing prices...
Macro rate hike expectations pressure aluminium prices, while China's continued destocking underpins the market
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 24,000 per tonne, down RMB 190 from yesterday's settlement price, a decline of 0.79 per cent. It opened at RMB 24,100.00 per tonne during the day and fluctuated within a range of RMB 23,920-24,100 per tonne. The price traded below...
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LME aluminium price edged lower at $1733/t amid continued decline in opening stock; SHFE price extended rise to $2130/t
The dollar dipped on Tuesday, August 25, as investors waited on comments from Federal Reserve Chairman Jerome Powell about the US central bank’s policy framework review, and after data showed improving German business morale. Three-month LME aluminium settled 0.51 per cent higher at US$ 1,779 per...
Three-month LME aluminium closed higher at US$1,770/t; SHFE aluminium fell 0.44%
Three-month LME aluminium settled 0.11% higher at US$1,770 per tonne on Monday. As of Monday August 24, LME aluminium cash (bid) price stands at US$ 1735.50 per tonne, LME official settlement price stands at US$ 1735.50 per tonne; 3-months bid price stands at US$ 1776 per tonne, 3-months offer...
A00 aluminium ingot price grows to RMB14750/t; Input costs remain muted except a plunge in Australian alumina FOB price
According to the Shanghai Metals Market, the A00 aluminium ingot price has recorded a rise of RMB 50 per tonne to stand at RMB 14,750 per tonne on Tuesday, August 25, following a downfall on the previous day from RMB 14,840 per tonne to RMB 14,700 per tonne. The average prices are expected to range...
Sumitomo Corporation: Japan's aluminium premiums to hit $90/tonne in October-December quarter
Sumitomo Corporation, Japan’s one of the largest global general trading companies, and a diversified corporation forecast that the Japanese aluminium premium to rise to $90 a tonne in the October-December quarter, from $79 this quarter, as industry demand and stock-financing deals return, as stated...
South32 in talks with Eskom on a new pricing arrangement for Hillside Aluminium smelter
South32 is in talks with Eskom on a new pricing arrangement for Hillside Aluminium smelter. The company has entered into an interim arrangement with Eskom for power supply to the smelter for a 10 year period. “The smelter sources alumina from our Worsley Alumina refinery with prices linked to the...
Hindalco reduces its aluminium products price by INR 3,000/t with effect from August 22
Hindalco Industries Ltd has reduced its aluminium products price after hiking it for the second time in a row. With effect from Saturday, 22 August 2020, the company’s wire rods price stands at INR 159,350 per tonne, registering a drop of INR 3,000 per tonne from INR 162,350 per tonne on August 21....
China’s aluminium imports jumped sevenfold Y-o-Y to stand at 391,297 tonnes in July 2020: Customs data
China, the world’s top exporter of aluminium, turned net importer for the first time in July 2020 since 2009. The country’s aluminium imports during the said month jumped nearly sevenfold year-on-year to record the second-highest level, found China customs data. Arrivals of unwrought aluminium and...
LME aluminium price decreases by $30/t after three consecutive rises, SHFE edges lower at $2115/t
The US dollar on Friday gained against the euro for the first week since mid-June after data showed a strong uptick in US business activity, while the single currency was held down as an August batch of European business surveys pointed to a stuttering economic recovery. Three-month LME aluminium...
Alumina price in China continues to increase to RMB 2347/t; Aluminium Alloy (A356) price drops by RMB150/t
As updated by Shanghai Metals Market, average spot alumina price in China has risen by RMB 17 per tonne on Monday, August 24 2020, to stand at RMB 2347 per tonne. This marks the third consecutive hike in alumina price. The prices in all other major markets have also increased today, except South....
Vedanta reduces its aluminium ingot price by INR 1,750/t with effect from August 22
Vedanta has declined its aluminium products price after hiking the price of the same products on August 20. With effect from Saturday 22 August 2020, the prices of some aluminium ingots are in the range of INR 147,000-160,000 per tonne, marking a drop of INR 1,750 per tonne from INR 148,750-161,750...
Hindalco hikes its aluminium products price by INR 1,250/t with effect from August 21
Hindalco Industries Ltd has increased its aluminium products price for the second time in a row. With effect from Friday, 21 August 2020, the company’s wire rods price stands at INR 162,350 per tonne, marking an increase of 0.78% or INR 1,250 per tonne from INR 161,100 per tonne on August 20. The...
Three-month LME aluminium ended at US$1,783; SHFE aluminium rose 0.82%
Three-month LME aluminium declined 0.5% to end at US$1,783 per tonne on Thursday. As of Thursday August 20, LME aluminium cash (bid) price stands at US$ 1755.50 per tonne, LME official settlement price stands at US$ 1755.50 per tonne; 3-months bid price stands at US$ 1791.50 per tonne, 3-months...
Average alumina spot price grows for the second day in a row to RMB2330/t; A00 aluminium ingot price expands by RMB50/t
After remaining restrained at RMB 2,302 per tonne during August 19-20, the average alumina spot price has recorded an increase of RMB 16 per tonne today, on August 21, for the second consecutive day, to stand at RMB 2,330 per tonne according to the Shanghai Metals Market. In the central and north,...
Aluminium billet inventories in China decline by over 9,000 tonnes this week to stand at 60,000 tonnes
According to Shanghai Metals Market data, the 6063 aluminium billet inventories in China have decreased this week ended on August 20 by 9,400 tonnes from a week ago. SMM data shows the billet inventories are now at 60,000 tonnes, marking the second consecutive week of decline. On last Thursday,...
Vedanta hikes its aluminium ingot price by INR 1,250/t to INR 148,750-161,750/t with effect from August 20
Vedanta has raised it its aluminium products price after reducing it for the second time in a row. With effect from Thursday, 20 August 2020, the prices of some aluminium ingots are in the range of INR 148,750-161,750 per tonne, marking a growth of INR 1,250 per tonne or 7.14% from INR...
Alumina price in China rises by RMB 12/t after staying flat for three days; Australian alumina FOB price stands USD 271/t
As updated by Shanghai Metals Market, average spot alumina price in China has risen by RMB 12 per tonne on Thursday, 20 August 2020.The price now stands at RMB 2314 per tonne after remaining flat at RMB 2302 per tonne for the three days in a row. The prices in all other major markets have also...
LME aluminium price increased for the second consecutive day to $1746.5/t on opening stock decline, SHFE up by $22/t
The US dollar gained on Wednesday, August 19, after the Federal Reserve suggested it could pursue aggressive stimulus measures for longer than under its previous strategy, minutes from its last policy meeting showed. Three-month LME aluminium closed 1.07 per cent higher at US$ 1,787.5 per tonne on...
Hindalco hikes its aluminium ingot and aluminium product prices by INR1250/t w.e.f August 20
Hindalco Industries Limited has increased the prices of its aluminium ingot and aluminium product by 1 per cent with effect from Thursday, August 20. With the latest hike, Hindalco’s aluminium ingot price has rebounded to INR 150,000 per tonne, up INR 1,250 per tonne or 1 per cent from INR 148,750...
