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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Chinese aluminium billet inventories extend downfall over the week ending May 28
According to Shanghai Metals Market, the aluminium billet inventories in China have continued to decline this week ending Thursday, May 28, driven by healthy demand and limited arrivals of stocks to warehouses. SMM data shows the aluminium billet inventories have decreased by 15,600 tonnes over the...
COVID-19 impact: US aluminium’s unfavorable price baffle as premium collapses
The hardest-hit industrial metals by the COVID-19 epidemic are Aluminium. The London Metal Exchange (LME) reflected the price slammed a four-year low of $1,455 per tonne in April’20 and is brawling to recover, as the last trading marked at $1,525. Inventory has spewed, with 663,475 tonnes of metal...
Vedanta hikes aluminium ingot price by INR 1250/t with effect from May 28
Vedanta has increased aluminium ingot and billets price on Thursday after cutting the price of same product by more than 1.5% on Wednesday, May 27. With effect from Thursday May 28, the prices of some aluminium ingots are in the range of INR 133,000-146,000 per tonne, marking an increase of INR...
Three-month LME aluminium increased to close at US$1,529.5/t; SHFE aluminium added 0.85%
The US dollar edged lower against a basket of currencies on Wednesday. LME aluminium closed higher and SHFE aluminium rose 0.9%. Three-month LME aluminium advanced to US$1,534 per tonne. It closed up 0.5% at US$1,529.5 per tonne. Shanghai Metals Market expects the contract to move between...
Alumina price drops after nearly two weeks of restraint; A00 aluminium ingot price grows by RMB100/t
According to Shanghai Metals Market, the average spot price of alumina has dropped today, on May 28, after remaining restrained at RMB 2,206 per tonne for almost two weeks during May 14-27. The price is now hovering at RMB 2,204 per tonne, registering a decline of RMB 2 per tonne. However, except...
Vedanta cuts aluminium prices by more than 1.5% after three consecutive hikes last week
After raising aluminium prices for the three times in a row, Vedanta has reduced both aluminium ingots and billets prices as of Wednesday, May 27. After the cut, Vedanta’s aluminium ingot prices are ranging between INR 131,750 per tonne and INR 144,750 per tonne, down by INR 2,250 per tonne or 1.68...
A00 aluminium ingot price drops by RMB10/t after two consecutive rises; Aluminium alloy(A356) price down by RMB50/t
According to Shanghai Metals Market, the A00 aluminium ingot price has declined by RMB 10 per tonne to stand at RMB 13,350 per tonne, as of Wednesday, May 27, after two consecutive rises from RMB 13,150 per tonne to RMB 13,360 per tonne. The average prices are expected to range between RMB 13,330...
Three-month LME aluminium ended the day higher at US$1,521.5/t; SHFE decreased to US$1847/t
The US dollar slipped on Tuesday as risk sentiment returned to the market amid a reopening world economy and this subdued demand for the safe-haven currency. Three-month LME aluminium climbed and found steady support from US$ 1,520 per tonne ending the day 1.2 per cent higher at US$ 1,521.5 per...
Bauxite price in Guangxi declines 5.36%; A00 aluminium ingot price stands at RMB13360/t
The average Bauxite (6.5≤Al/Si＜7.5) price in Guangxi stands at RMB 265 per tonne on Tuesday, 26 May 2020, down RMB 15 per tonne or 5.36 per cent, after remaining flat at RMB 280 per tonne since May 12. The average price is expected to move within a range of RMB 230-RMB 300 per tonne. The average...
LME was closed on Monday for spring bank holiday; SHFE price expanded growth to US$1854/t
The US dollar edged higher against a basket of rivals on Monday, while oil prices eased on concerns over rising tensions between the US and China over Beijing’s plans to impose security laws on Hong Kong and the possibility of sanctions from Washington. The London Metal Exchange was closed on...
AAI seeks price correction in REC to shun burden on Aluminium Industry
The Aluminium Association of India (AAI) seeks the Central Electricity Regulatory Commission (CERC) to at once look into the distorted market of Renewable Energy Certificates (REC) which, according to it, is stemming an artificial demand and price surge in the power exchange. AAI vice-chairman...
Primary aluminium inventories expand decline over the weekend to 924,000 tonnes
According to Shanghai Metals Market, social inventories of primary aluminium ingots have expanded decline over the weekend ending May 25, owing to stable demand and limited arrivals of stocks to warehouses. SMM data found that the inventories of primary aluminium have decreased by 55,000 tonnes...
Three-month LME aluminium slipped 1.15%; SHFE aluminium fell 0.43%
The US dollar continued its rally against a basket of rivals on Friday. LME aluminium dropped 1.2% and SHFE aluminium lost 0.1%. Three-month LME aluminium slipped to an intraday low of US$1,493 per tonne in European trading hours on Friday. It closed close the day 1.15% lower at US$1,503.5 per...
A00 aluminium ingot price begins the week with a hike of RMB110/t; Aluminium alloys prices grown by RMB100/t
Following the steep decline of RMB 310 per tonne on Friday, May 22, the A00 aluminium ingot price begins the week on Monday, May 25, with a rise of RMB 110 per tonne to reach at RMB 13,260 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 13,240 per tonne...
Hindalco’s aluminium ingot price stands at INR 133,750/t with effect from May 22
Hindalco Industries Ltd has increased prices of its aluminium ingots, billets and wire rods by 2%. This marked the second consecutive in price of the same products. With effect from May 22, the price for Hindalco aluminium ingots are now hovering at INR 133,750 per tonne, an increase of 1.71% or...
Vedanta further increases its aluminium ingots and billets prices by INR 2,000/t with effect from May 22
Vedanta has further increased its aluminium ingots and billets prices, with effect from Friday, May 22. This marks the third consecutive rise in Vedanta’s aluminium prices. The prices of some aluminium ingots after the growth are hovering in the range of INR 134,000-147,000 per tonne, up by INR...
Indian aluminium producers to overcome COVID-19 impact with rising exports and low input costs: Crisil
A new sector report by Crisil indicates that Indian aluminium producers are likely to sail through the COVID19 impacts smoothly with rising aluminium exports, lower input costs, and cost efficiency strategies curated by the industry. "The domestic sales loss has been offset by companies adroitly...
Hindalco raises its aluminium ingot price by INR 2,000/t
Hindalco Industries Ltd has raised prices of its aluminium ingots, billets and wire rods after cutting the prices of the same products by 4%.With effect from May 20, the price for Hindalco aluminium ingots now stands at INR 131,500 per tonne, an increase of 1.54% or INR 2,000 per tonne from INR...
