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 started the week with lowered price at US$1437/t; SHFE closed for Labour Day holidays
Benchmark aluminium price on London Metal Exchange further dropped, although slower, to close at US$1437 per tonne on Monday, May 4, down 0.21 per cent from the previous day’s close at US$ 1440 per tonne. Both LME aluminium cash (bid) price and LME official settlement price extended their decline...
American Senators knock the door of Donald Trump to address administrative failure over Chinese aluminium excess capacity
The US senators Patty Murray and Maria Cantwell and Representative Suzan Delbene and Rick Larsen have forwarded a letter to President Donald Trump, marking out the administrative failure towards competently addressing Chinese aluminium excess capacity and seek it to emphasize resolving this issue....
NALCO’s aluminium prices further reduce with effect from May 1, 2020
National Aluminium Co Ltd has extended its aluminium price cut with effect from last Friday, May 1, 2020. The prices of aluminium ingots are now, thus, ranging between INR 135,150 per tonne and INR 138650 per tonne, in contrast to INR 142,150-145,650 per tonne, as of April 23. With the latest cut,...
LME aluminium dropped further to close at US$1,440/t; SHFE remained closed for Labour Day
Benchmark aluminium price on London Metal Exchange dropped further to close at US$1440 per tonne on Friday, May 1, down 1.4 per cent from the previous day’s close at US$ 1460.5 per tonne. As of Friday, May 1, LME aluminium cash (bid) price stands at US$ 1440 per tonne, LME official settlement price...
Weekly update: Alumina price continued its upward trend over the week; A00 aluminium price performed higher
The average spot price of alumina continued to trend higher over the week. After remaining flat at RMB 2125 per tonne on Friday, the price increased by RMB 8 per tonne and RMB 10 per tonne to RMB 2133 per tonne and RMB 2143per tonne on April 27 and April 28. The price on Thursday stood at RMB 2209...
LME aluminium price trended down this week ranging between US$ 1472.5-1440 per tonne; SHFE aluminium grew to US$1800/t
The US dollar declined throughout the week. The dollar index, which tracks the greenback against a basket of other currencies, stood at 99.501 on Wednesday, April 29. Benchmark aluminium price on London Metal Exchange decreased from US$ 1472.5 per tonne on Monday, April 27, to US$ 1440 per tonne on...
LME aluminium price lowered at US$1460.5/t on April 30 while opening stock remained flat
Benchmark aluminium price on London Metal Exchange dropped by US$ 3.5 per tonne from US$ 1464 per tonne to US$ 1460.5 per tonne, as of Thursday, April 30. Both LME aluminium cash (bid) price and LME official settlement price declined from US$ 1464 per tonne on April 29 to US$ 1460.5 per tonne on...
LME aluminium closed Wednesday’s trading at US$ 1464/t; SHFE aluminium stood 1% higher
The US dollar declined on Wednesday. The dollar index, which tracks the greenback against a basket of other currencies, dipped 0.02% and ended at 99.501. LME aluminium went flat and SHFE aluminium advanced 1%. Benchmark aluminium price on London Metal Exchange dropped 0.07% per cent to US$ 1464 per...
China’s alumina price continues to grow at 1.19%; Prebaked anode price falls on Weiqiao’s purchasing price cut for May
The average alumina spot price has continued to grow, but slower than the previous day, according to Shanghai Metals Market. On Thursday, April 30, the price has increased by RMB 26 per tonne or at 1.19 per cent growth rate to stand at RMB 2,209 per tonne, compared to the growth of RMB 40 per tonne...
LME aluminium price further declined to US$1465/t on extended opening stock hike; SHFE contract rallied to six-week peak
The US dollar fell for the second day on Tuesday, April 28, as investors put pressure on safe-haven currencies as they eyed the Federal Reserve’s meeting and rebalanced portfolios ahead of the end of the month. Month-end rebalancing is negative for the greenback, with the US dollar likely to be...
COVID-19 impact: Chalco’s Q1 profit declines 93% on lower sales
Aluminium Corp of China Ltd, known as Chalco, announced that the company’s net profit declined year-on-year on lower sales due to the coronavirus outbreak. The company’s net income came in at 30.7 million yuan in the first quarter of 2020, a drop of 93.1 per cent from 444.9 million yuan in the...
The “COVID-19” outbreak: Indian Aluminium producers urge support from the Government owing to demand depression
India's aluminium producers have urged the government to reduce tariffs and support them, forecasting that the domestic consumption will fall as Chinese imports swirls amid COVID-19 outbreak. India’s aluminium consumption is surmounted to reduce by 1.5-2 million tonnes in FY21 as the epidemic has...
LME aluminium price opened the week lower at US$ 1472.5/t; SHFE contract hit a one-week high
The US dollar declined on Monday, April 27. LME base metals ended mixed Monday. LME aluminium fell 0.5% and SHEF aluminium rose 1.1%. Benchmark aluminium price on London Metal Exchange dropped 0.03 per cent to US$ 1472.5 per tonne on Monday, April 27, from US$ 1473 per tonne on Friday. As of...
Alumina price in China registers higher growth today at RMB2143/t; A00 aluminium ingot price up by RMB80/t
Extending the growth by RMB 10 per tonne today, on April 28, the average alumina spot price in China has come in at RMB 2,143 per tonne, found Shanghai Metals Market. In the east and central, the alumina price has gained RMB 10 per tonne as well to come in at RMB 2,135 per tonne. The average prices...
Vedanta increases its aluminium ingot prices by INR1500/t
Vedanta has increased the aluminium ingot price by nearly 1% for the third time in a row. With effect from April 25, the prices of some ingots are in the range of INR 131,500-144,500 per tonne. This marks an increase of INR1500 per tonne from INR 130,000-143,000 per tonne on April 21. With the...
Growing demand and subdued supply of primary aluminium lead to lower inventories over the weekend ending April 27
Social inventories of primary aluminium ingots have continued to trend lower over the weekend ended Monday, April 27, on robust demand and subdued supply, according to Shanghai Metals Market. SMM data shows the primary aluminium ingots stocks have decreased by 76,000 tonnes across eight major...
NALCO cuts aluminium ingots price with effect from April 23
National Aluminium Co Ltd has cut the prices of its aluminium ingots for the fourth time in a row. With effect from Thursday, April 23, the prices of ingots came in at INR 142,150-145,650 per tonne, down nearly 1% from 143,150 per tonne-146,650 per tonne on April 17. With the latest cut, the price...
Alumina price rises further to RMB2133/t; A00 aluminium ingot price up by RMB50/t
Average spot alumina price has continued their upward track and stood at RMB 2133 per tonne on Monday, 27 April 2020, registering an increase of 0.38% from RMB 2125 per tonne. The alumina prices remain unchanged across all major markets in China, except south. The average prices of Alumina-East,...
