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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Rio Tinto’s underlying EBITDA drops 6% in H1 2020 on lower aluminium price
Rio Tinto reported results for the first half of 2020. The company reported underlying EBITDA of $9.6 billion, 6% lower than 2019 first half, primarily due to lower prices for aluminium and copper, with EBITDA margin of 47%. Net earnings stood at $3.3 billion. That was down 20% from $4.1 billion in...
Alumina price in China slips by RMB27/t; A00 aluminium ingot extends rise to RMB 14780/t
The average spot alumina price in China has dropped by RMB 27 per tonne on Wednesday, 29 July 2020 to stand at RMB 2416 per tonne. Alumina prices declined across all major markets in China, except South. The prices of alumina in East, Central, and North China markets have declined by RMB 25 per...
Three-month LME aluminium strengthened 0.91% to stand at $1725.5/t, SHFE aluminium price grows to $2094/t
Nonferrous metals on the LME mostly increased, and the US dollar index halted its continuous declines and advanced 0.13 per cent. Three-month LME aluminium strengthened 0.91 per cent to end at US$ 1,725.50 per tonne on Tuesday, July 28, after hitting its highest in nearly five months at US$ 1,728...
Rusal’s aluminium sales increase by 7% amidst production fall in Q2 2020, thanks to Asia’s growing contribution in sales mix
The leading global aluminium producer, Rusal, has released its operating results for the second quarter of 2020. The company reported that its aluminium production in Q2 2020 dropped by 1.4 per cent from the earlier quarter to 927,000 tonnes, Siberian smelters representing 93 per cent of the...
Three-month LME aluminium stands 0.77% higher to close at US$1,710/t; SHFE aluminium rose 0.14%
Three-month LME aluminium rose 0.77% to end at a new more than four-month high of US$1,710 per tonne on Monday in choppy trading. It is likely to move at US$1,690-1,730 per tonne today. As of Monday July 27, LME aluminium cash (bid) price stands at US$ 1661.50 per tonne, LME official settlement...
Alumina spot price in China records second consecutive drop of RMB24/t, while A00 aluminium ingot price grows to RMB14670/t
According to the Shanghai Metals Market, the average alumina spot price has declined for the second consecutive day by RMB 24 per tonne to stand at RMB 2,443 per tonne, as of Tuesday, July 28. The price in the east China market has dropped the highest by RMB 40 per tonne to RMB 2,425 per tonne,...
Nalco increases its aluminium ingot price by nearly INR3000/t with effect from July 24
National Aluminium Company has increased its aluminium ingot and aluminium product prices with effect from Friday, July 24, following a cut of nearly 2 per cent with effect from July 18. With the latest hike, Nalco’s aluminium ingot price has come in at INR 143,700-147150 per tonne, up INR 2,950...
Alumina price in China stands at RMB2467/t; A00 aluminium ingot price edges higher by RMB40/t
The average spot alumina price in China is down by RMB 24 per tonne on Monday, 27 July 2020. Alumina price stands at RMB 2467 per tonne, after declining by RMB 4 per tonne on Friday. Alumina prices have decreased in Central and North markets in China. The prices of alumina in Central, and North...
Three-month LME aluminium closed 0.61% lower at $1697/t, SHFE aluminium grew to $2063/t
The US dollar index touched a new 22-month low on Friday, July 24, while the safe-haven yen rose to its highest in more than four-months, as investors reacted to simmering US-China tensions, a continued rise in coronavirus cases as well as hopes for another US stimulus package. Three-month LME...
Beams Plus taps Briefing for Aluminium Heavy Duty Suitcase
Beams Plus has once again tapped into Briefing for its latest reiteration of the Heavy Duty suitcase, pursuing on their long-established partnership. The Heavy Duty has been wrapped completely in aluminium this time around to match its name, offering unprecedented structural integrity while keeping...
Hindalco increases its aluminium prices by INR2000/t after a cut last week
Hindalco has hiked its aluminium ingot and aluminium product prices by INR 2,000 per tonne or 1.42 per cent with effect from Friday, July 24, following a cut last week on July 17. With the latest increase in price, Hindalco is selling its aluminium ingot at INR 143,250 per tonne, compared to INR...
Vedanta increases aluminium ingot price by 1% w.e.f from July 24 in line with the uptrend in LME aluminium price
Vedanta Limited has increased its aluminium ingot and aluminium product prices with effect from Friday, July 24, following a cut last week on July 17. With the latest hike, the company’s aluminium ingot price is now ranging between INR 141,750 per tonne and INR 154,750 per tonne, up INR 1,750 per...
Three-month LME aluminium rose 1.07% to US$1,707.5/t; SHFE aluminium inched up 0.03%
Three-month LME aluminium hits its highest since March 13 at US$1,709 per tonne earlier in the session, ending up 1.07% to US$1,707.5 per tonne on Thursday. The contract is likely to move at US$1,680-1,720 per tonne today. As of Thursday July 23, LME aluminium cash (bid) price stands at US$ 1661...
China’s imports of unwrought aluminium, aluminium products hit 11-year high in June amid coronavirus lockdown
China’s imports of unwrought aluminium and aluminium products hit to their highest in 11 years in June on lower overseas prices. China, the world’s top aluminium producer, imported 288,783 tonnes of aluminium last month, an increase of 493.1% from June 2019, the General Administration of Customs...
China’s average alumina spot price drops by RMB4/t following back-to-back restraints; A00 aluminium ingot price down by RMB10/t
The Shanghai Metals Market data shows that the average spot price of alumina has dropped by RMB 4 per tonne after remaining restrained for the last ten days. On Friday, July 24, the alumina price has come in at RMB 2,491 per tonne compared to RMB 2,495 per tonne during July 13-23, found SMM. In the...
Rio Tinto lodges complaint with ICA over ISAL aluminium smelter power agreement
Rio Tinto announced that it has submitted a formal complaint to the Icelandic Competition Authority (ICA) alleging abuse of market dominance by energy supplier Landsvirkjun to the company’s ISAL aluminium smelter in Iceland. The company is asking the ICA to address anti-competitive conduct by...
A00 aluminium ingot price inches up by RMB 30/t; Aluminium alloy (A356) price stands at RMB15150/t
A00 aluminium ingot price climbed by RMB 30 per tonne from Wednesday’s price of RMB 14520 per tonne. The price now stood at RMB 14550 per tonne on Thursday, 23 July 2020 and is expected to move within a range of RMB 14530-14570 per tonne. This marks the second consecutive rise in aluminium ingot...
LME aluminium price extended growth for the third straight day to $1651/t; SHFE price declined to $2058/t
The US dollar gave up some of its earlier gains recorded on Wednesday, July 22, as investors retreated from the safe-haven asset, following struggles by the US to reach a consensus on further stimulus measures. Three-month LME aluminium fell as much as over 1 per cent last night amid concerns about...
