LME aluminium price rises above 1%; stocks slip to 244,100t on September 14
The London Metal Exchange (LME) aluminium price reported improvements, rising above 1 per cent across the pricing segment, followed by modest gains in contracts on the September 14 close, recovering from the downward trend reported at the September 13 session . The LME aluminium cash bid and offer...
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...
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Weiqiao hikes prebaked anode purchasing price by RMB210/t
According to Shanghai Metals Market, Shandong Weiqiao Group, the top aluminium producer in China has raised the benchmark purchasing price of prebaked anode for the second month in a row. For March 2020, the company has hiked the benchmark purchasing price by RMB 210 per tonne to RMB 2,830 per...
Alumina price in China edges higher by RMB9/t; A00 aluminium price stands at RMB13050/t
As updated by Shanghai Metals Market, average spot alumina price in China has increased from RMB 2565 per tonne on February 28 to RMB 2574 per tonne on March 2. This marks an increase of RMB 9 per tonne or 0.35 per cent on Friday. The prices of alumina in East, Central, and North China markets have...
Three-month LME aluminium dropped to the lowest level since November 2016; SHFE aluminium fell 2.5%
The US dollar declined to a 20-week low against the Japanese yen on last Friday. LME base metals closed mostly lower on Friday. But LME aluminium gained 0.65%. Three-month LME aluminium fell to the lowest level since November 2016, at US$1,665 per tonne. But it closed 0.65% higher on the day at...
Magnitude 7 Metals aluminium smelter losing hope even after Donald Trump’s import tariff on aluminium, Corona-virus attack also a cause
Magnitude 7 Metals LLC, a 50-year-old aluminium smelter on the banks of the Mississippi in southeastern Missouri, is losing money in all means that it might close down within the next 60 days, as per one of the senior executive of the plant. In 2018, the bankrupted aluminium smelter was re-opened,...
Alumina spot price in China recorded growth of RMB49/t this week; A00 aluminium ingot price declined by RMB240/t
As the week comes to an end, let’s look back at the status of Chinese aluminium and input costs recorded throughout the week. The average alumina spot price during February 24-28 recorded interrupted growth of RMB 49 per tonne ranging between RMB 2,516 per tonne and RMB 2,565 per tonne, showed...
Hindalco drops its aluminium ingots price by 1.26% with effect from February 28
Hindalco Industries Ltd has reduced the prices of aluminium ingots by 1.26% on Friday, 28 February 2020, after raising it by 1.09% on Wednesday. With effect from February 28, the aluminium ingot price now stands at INR 137,250 per tonne, from INR 139,000 per tonne on February 26. The company has...
Alumina price climbs by RMB22/t; Al Fluoride price in China jumps RMB 500/t
As updated by Shanghai Metals Market, average spot alumina price in China has risen from RMB 2543 per tonne on February 27 to RMB 2565 per tonne on February 28. This marks an increase of RMB 22 per tonne or 0.87 per cent on Friday. The prices of alumina in East, Central, and North China markets...
Three-month LME aluminium at its three-year low; SHFE extended decline to US$1,911/t
The US dollar fell on Thursday as investors bet the Federal Reserve would cut interest rates to offset the impact of the spreading coronavirus amid the rapid rise in the number of COVID-19 cases. The dollar index, which tracks the greenback against a basket of other currencies, slipped to 98.36,...
Chinese aluminium firm Zhongwang announces to sell its smelter for $656 million
One of the world’s biggest aluminium extrusions manufacturer, China Zhongwang Holdings, on Wednesday, February 26, announced that it would sell its loss-making smelter for $655.94 million. According to the report, Zhongwang has agreed to sell its 100 per cent stake in Zhongwang Aluminium Material,...
Chinese primary aluminium inventories trending higher W-o-W amidst weaker demand in compare to production
According to Shanghai Metals Market, the social inventories of primary aluminium in China have continued to trend higher this week, as demand has recovered slowly than expected. The SMM data shows, the inventories have built up by 155,000 tonnes over the week across eight major consumption areas,...
Coronavirus takes massive toll on China’s aluminium value-chain market: Source
Just when the demand for aluminium was rebounding and manufacturing revival was showing encouraging signs towards the end of 2019, the deadly Coronavirus made its appearance in China at the beginning of 2020 and took a toll on almost all parts of the world. The global aluminium market in 2019 was...
Three-month LME aluminium ended at US$1,702/t; SHFE aluminium to remain weak in the short term
The US dollar index was little changed on Wednesday as coronavirus headlines sapped sentiment. The dollar index, which tracks the greenback against a basket of other currencies, edged up 0.14% and ended at 99.12. LME base metals fell for the most part. LME aluminium went flat. Three-month LME...
Average alumina spot price shoots up today by RMB18/t, while A00 aluminium ingot price records another drop
The average alumina spot price continues to expand in China amidst the limited production at refineries and weak supplies in the market. Today, on February 27, the alumina price has grown by RMB 18 per tonne to stand at RMB 2,543 per tonne, according to Shanghai Metals Market. With the continued...
Average alumina spot price expands by RMB3/t; A00 aluminium ingot price grows after its restraint last day
The average alumina spot price has extended growth by RMB 3 per tonne to RMB 2,525 per tonne, according to Shanghai Metals Market. Limited supply of the ore in the market due to lower production at refineries is primarily responsible for the continued growth in the alumina spot price. In the east,...
Three-month LME aluminium closed 0.18% higher; SHFE aluminium gained about 0.2%
The US dollar index declined on Tuesday, 25 February 2020. The dollar index, which tracks the greenback against a basket of other currencies, dipped 0.3% and ended at 98.97. LME base metals traded mostly higher. LME aluminium gained 0.2%. Three-month LME aluminium rebounded on short-covering,...
Launched! “Aluminium LeaderSpeak 2020”
AlCircle takes pleasure in announcing that it has launched the second edition of its flagship e-magazine “Aluminium LeaderSpeak 2020” . It is an exclusive e-magazine, whereby top industry leaders from the complete aluminium value chain have shared their views on how the year may transpire for them...
Primary aluminium inventories extend growth over the weekend, but slower than the previous week
On Monday, February 24, the social inventories of primary aluminium extended its growth over the weekend, as demand recovered slowly than expected due to Coronavirus, learned Shanghai Metals Market. The data shows the inventories across eight major Chinese consumption areas, including SHFE...
Alumina price in China increases RMB 6/t; A00 aluminium price remains unchanged at RMB 13410/t
The average spot alumina price stands at RMB 2522 per tonne on Tuesday, 25 February 2020. That was up RMB 6 per tonne or 0.24 per cent from Monday. The spot alumina prices in China have increased in Central and North markets. The average prices of Alumina-Central and Alumina-North have risen by RMB...
