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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Three-month LME aluminium extended its decline to a four-year low; SHFE aluminium slipped 1.21%
The US dollar advanced against a basket of major currencies on Wednesday, April 1. The US dollar index was up 0.6% at 99.52. Aluminium extended its decline to a four-year trough and shed 2% on the day. The SHFE kept its night trading session suspended. Three-month LME aluminium extended its decline...
Alumina price in China drops by RMB10/t; A00 aluminium price stands at RMB11520/t
The average spot alumina price in China has extended drop by RMB 10 per tonne from Tuesday to stand at RMB 2333 per tonne on Wednesday, 01 April 2020. Alumina prices have decreased across in East and Central markets in China. The prices of alumina in East and Central markets have dropped by RMB 20...
Weiqiao cuts prebaked anode purchasing price by RMB170/t after two consecutive hikes
After raising the benchmark for two consecutive months, Shandong Weiqiao Group, the top aluminium producer in China, has cut its benchmark purchasing price for prebaked anode. For April 2020, the company has reduced the benchmark purchasing price by RMB 170 per tonne to RMB 2,660 per tonne in cash....
Three-month LME aluminium fell to its lowest since April 2016; SHFE aluminium added 0.13%
The US dollar fell against a basket of major currencies on Tuesday, March 31. LME aluminium closed 0.2% lower overnight. The SHFE kept its night trading session suspended. Three-month LME aluminium slipped to its lowest since April 2016 at US$1,507 per tonne in the North American trading session....
Bauxite price in Shanxi falls more than 7%; Australian alumina FOB price slips USD 9/t
As updated by Shanghai Metals Market, the average Bauxite (4.5≤Al/Si＜5.5) price in Shanxi stands at RMB 415 per tonne on Tuesday, 31 March 2020, down RMB 35 per tonne or 7.78 per cent, after remaining flat at RMB 450 per tonne since March 10. The average price is expected to move within a range of...
LME aluminium price declined by $11/t to stand at $1506/t; SHFE dipped marginally to $1628/t
The US dollar rebounded against major currencies and riskier emerging market units on Monday, snapping a week of declines as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the coronavirus pandemic. Three-month LME...
Primary aluminium inventories in China dip by 3,000 tonnes over the weekend
After the growth of 17,000 tonnes in primary aluminium inventories on last Monday and 20,000 tonnes on Thursday, the social inventories of primary aluminium have recorded a minor decline over the weekend ended Monday, March 30. The inventories over the weekend have dipped by 3,000 tonnes to come in...
Vedanta cuts aluminium ingot price for the fifth time in row
Vedanta’s aluminium ingot and billet price fell for a fifth straight day on Friday, March 27. With effect from March 27, the prices of some ingots were in the range of INR 128,500-141,500 per tonne, down from INR 131,750-144,750 per tonne on March 24. The price of billet stood at INR 136,500 per...
Three-month LME aluminium rallied on Friday; SHFE closed higher at RMB11,740 /t
The US dollar fell against a basket of currencies for a fourth straight day on Friday March 27. LME aluminium rose 0.8%. The SHFE kept its night trading session suspended. Three-month LME aluminium rallied on Friday. It finished the day at US$1,552.5 per tonne, a weekly decline of 1.6%. Shanghai...
Chinese alumina spot price starts the week with a decline of RMB33/t; A00 aluminium ingot price dwindles by RMB50/t
Since the middle of March, the average alumina spot price has been incessantly trending down, and today is of no exception. According to Shanghai Metals Market, the alumina spot price in China has shrunk by RMB 33 per tonne to stand at RMB 2,370 per tonne, as of Monday, March 30. The decline rate...
Hindalco cuts its aluminium ingot price by INR 3,500/t with effect from March 27
Hindalco Industries Limited has cut the prices of its aluminium ingots, wire rods, and billets for the fifth time in a row. With effect from March 27, the price for Hindalco aluminium ingots now stands at INR 131,000 per tonne, a drop of 2.6% or INR 3,500 per tonne from INR 134,500 per tonne on...
Three-month LME aluminium fell to its lowest since April 2016; SHFE aluminium gained 0.95%
The US dollar extended its decline to the weakest against a basket of currencies in more than a week on Thursday. LME aluminium shed 0.5% overnight. The SHFE kept its night trading session suspended. Three-month LME aluminium slipped to its lowest since April 2016 at US$1,528 per tonne in early...
Average alumina spot price in China ends the week with a drop of RMB18/t, while A00 aluminium ingot price remains restrained
The average alumina spot price in China on the last day of the week, dated March 27, has recorded a downfall of RMB 18 per tonne to stand at RMB 2,403 per tonne. In the east and north, the price has dwindled by RMB 20 per tonne to RMB 2,400 per tonne, while that in the central has plunged by RMB 15...
MB&F introduces aluminium time display watch dedicated towards man’s best friend: The HM10 Bulldog
The luxury watch comes in a rounded shape, compact body of titanium or red gold measuring 54mm x 45mm x 24mm. The two esteemed aluminium time-display eyes rotate to show hours and minutes. Its heart is an all-new manual-winding in-house movement beating at 2.5Hz. The watch is designed in a unique...
EGA’s 2019 revenue declines 12% despite higher sales volume of value-added products
Emirates Global Aluminium, the world’s largest premium aluminium producer, has revealed its financial and operational reports of 2019, where it has mentioned that its revenue totalled at AED 20.5 billion ($5.6 billion) during the year. In 2018, EGA’s revenue was AED 23.5 billion ($6.4 billion),...
Aluminium billet inventories in China continue to fall for the third consecutive week
According to Shanghai Metals Market, aluminium billet inventories in China fell for the third consecutive week ended March 26, due to stable deliveries and reduced arrivals. SMM data shows the 6063 aluminium billet stocks stand at 192,700 tonnes, as of March 26, after inching down by 4,900 tonnes...
Alumina (Imported) price stands lower at RMB 2430/t; A00 aluminium ingot price up by 1.68%
The average spot alumina price stands at RMB 2421 per tonne on Thursday, 26 March 2020, a drop of RMB 28 per tonne or 1.14 per cent from RMB 2449 per tonne. The alumina prices in China have decreased in all major markets except South. The average prices of Alumina-East and Alumina-Central have...
LME aluminium price declined sharply to $1507.5/t; SHFE rose for the fourth day in a row to $1632/t
The US dollar extended its decline on Wednesday as a US$ 2 trillion US stimulus bill helped boost risk appetite and reduced demand for the safe haven currency. The US dollar index, which tracks the greenback against a basket of its peers, hits its lowest in a week. Three-month LME aluminium pulled...
