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 dipped marginally at $1473/t on a slight rise in opening stock; SHFE extended growth at $1756/t
The US dollar edged lower against the euro on Friday, April 24, ending a four-day winning streak, but broader concerns about the euro's outlook kept dollar bears at bay. The dollar index, which tracks the greenback against a basket of other currencies, lost 0.28 per cent to 100.22, after hitting...
China’s A00 aluminium ingot price records a fall of RMB30/t; Average alumina spot price remains restrained
After soaring by RMB 230 per tonne, the A00 aluminium ingot price has recorded a downfall of RMB 30 per tonne to stand at RMB 12,460 per tonne, as of Friday, April 24, found Shanghai Metals Market. The average prices are expected to range between RMB 12,440 per tonne and RMB 12,480 per tonne, with...
Three-month LME aluminium shed 0.66%; SHFE aluminium climbed 0.9%
The US dollar climbed slightly on Thursday. LME aluminium shed 0.66% and SHFE aluminium climbed 0.9%. Three-month LME aluminium trimmed some declines during the European trading hours. It bounced back from a session low of US$1,503 per tonne, closing 0.66% lower on the day at US$1,510 per tonne....
NALCO’s aluminium ingot price stands at INR 143,150-146,650/t
National Aluminium Co Ltd has cut the prices of its aluminium ingots. With the latest cut, the prices of ingots came in at INR 143,150 per tonne to INR 146,650 per tonne, with effect from Friday, April 17. The price of aluminium billets is currently hovering at INR 146,600 - INR 149,250 per tonne....
A00 aluminium ingot price stands higher at RMB12490/t; Al Fluoride price down by RMB450/t
A00 aluminium ingot price has increased to stand at RMB 12490 per tonne on Thursday, 23 April 2020, from its previous price of RMB 12260 per tonne. This marks a growth of RMB 230 per tonne or 1.88 per cent. The price is expected to range within RMB 12470-12510 per tonne. Spot aluminium price is...
LME aluminium price moved higher at US$1461.5/t with strengthened SHFE at US$1751/t
The US dollar declined on Wednesday, April 22, giving up some gains from the previous day, as oil prices bounced back and eased investors demand for safe havens. But the greenback remained well supported amid persisted concerns about the uncertainty around the coronavirus crisis. Three-month LME...
Vedanta hiked aluminium ingot prices with effect from April 21
Vedanta has hiked the aluminium ingot price by nearly 1%. With effect from April 21, the prices of some ingots are in the range of INR 130,000-143,000 per tonne, from INR 128,500-141,500 per tonne. With the latest hike, the price of billet currently stands at INR 138,000 per tonne. The Indian...
Hindalco raises its aluminium ingot price by INR 3,500/t after five cuts in a row
Hindalco Industries Ltd has increased the prices of its aluminium ingots, billets and wire rods after cutting them five times in a row. With effect from April 17, the price for Hindalco aluminium ingots now stands at INR 134,500 per tonne, an increase of 2.67% or INR 3,500 per tonne from INR...
Alumina price in China shows restraint at RMB2123/t; A00 aluminium ingot price remains muted too at RMB12260/t
After rising the past two days in a row from RMB 2,064 per tonne to RMB 2,123 per tonne, the average alumina spot price in China has decided to remain restrained today, on April 22, according to Shanghai Metals Market. Even in the major markets in the east, central, north, and south China, the...
LME aluminium closed Tuesday’s trading at 1443.5/t; SHFE aluminium fell 2%
The US dollar extended its increase on Tuesday. The dollar index, which tracks the greenback against a basket of other currencies, added 0.24% and finished at 100.19. LME base metals fell across the board overnight. LME aluminium lost 1%. Benchmark aluminium price on London Metal Exchange dropped...
Alumina price stands higher at RMB2123/t; A00 aluminium ingot price registers a drop after eight days
The average spot alumina price has extended growth by RMB 8 per tonne on Tuesday, 21 April 2020. The price now stands at RMB 2123 per tonne. The alumina prices remain unchanged across all major markets in China, except North market. The average price of Alumina-North has increased by RMB 10 per...
LME aluminium price slipped sharply to US$1451.50/t on increase in opening stocks; SHFE extended growth to US$1752/t
The US dollar was slightly higher on Monday as plunged oil prices weighed on oil-linked currencies and as investors braced for a tough quarter ahead. Investors also awaited the outcome of a European Union summit this week on how to tackle economic fallout from the coronavirus crisis. The dollar...
China's alumina price records a growth of RMB51/t after two months of decline; A00 aluminium ingot price rises sharply
Shanghai Metals Market found a bullish trend today, as of April 20, throughout the Chinese aluminium market. The prices of alumina to aluminium alloys have recorded significant growth ranging between RMB 50 per tonne and RMB 350 per tonne. According to SMM data, the average alumina spot price has...
Three-month LME aluminium dropped 0.53% on Friday; SHFE hit its highest since March 19
The US dollar edged lower last Friday, April 17. The dollar index, which tracks the greenback against a basket of other currencies, shed 0.36% on Friday and ended at 99.71, 0.22% higher on the week. LME aluminium shed 0.53% and SHFE aluminium advanced 3.2%. Three-month LME aluminium lost gains from...
Indian firm Raghu Vamsi Aerospace Group develops economical ventilators using aluminium plates
Raghu Vamsi Aerospace Group, based in Hyderabad, India, has been manufacturing aerospace parts and sub-assembly components. The firm has developed a fully functional advanced portable ventilator — ‘Telangana Economical Ventilator-TEV 100’. The group companies Raghu Vamsi Aerospace, Sigma Micro...
LME aluminium price displayed a bullish trend this week amidst rising opening stock; SHFE edged higher
The US dollar was roughly flat on the first day of the week, April 13, amid thin trades with Europe out on holiday. The dollar index, which tracks the greenback against a basket of other currencies, was little changed on the day and finished at 99.504. On Tuesday, it declined to 98.875 as risk...
Weekly update: Alumina price in China ended the week flat; A00 aluminium price performed higher over the week
The average spot price of alumina continued to drop over the week. The week started with a decline of RMB 42 per tonne and stood at RMB 2079 per tonne on April 13. The alumina price stood RMB 6 per tonne and RMB 9 per tonne lower at RMB 2073 per tonne and RMB 2064 per tonne on April 14 and April...
World Aluminium Outlook amid COVID19: Production to grow at a CAGR 3% during 2020-21
Not even a month or two went by this year, the aluminium industry started facing a brand new challenge in the form of COVID19, followed by some of the severe impacts at its prices, demand, and consumption in the year last due to the US-China trade tensions, US aluminium import tariffs, and the...
