The London Metal Exchange (LME) aluminium price faltered across the pricing and contract segments on the September 2 close. The trend reflected a contrast of the surge reported in the September 1 session . The LME aluminium cash bid pulled back by 0.18 per cent day-on-day on September 2, down to...
The most-traded SHFE aluminium 2610 contract closed at RMB 24,100 per tonne today, up RMB 30 on the day, a gain of 0.12 per cent. Trading volume was 163,674 lots, open interest stood at 242,331 lots, with a daily decrease of 6,267 lots, as both bulls and bears reduced positions to lock in profits...
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Britain’s Financial Conduct Authority (FCA), a financial regulatory body, has approached Swiss-based energy and commodity trading firm Mercuria over its unusually large aluminium holdings on the London Metal Exchange (LME). Two witnesses who were familiar with the matter said the position has...
The Italian cycling brand, Miche has unveiled its new X2 RD chainrings, built on a simple idea: don’t waste a single watt of rider effort. The chainrings combine CNC-machined AL 7075-T6 aluminium with a 3K carbon structural layer, a mix that delivers a rare balance of lightness, stiffness, and...
On Thursday, the national average spot price for smelter-grade alumina with over 98.6 per cent purity slipped by RMB 14 per tonne (USD 2 per tonne) from Wednesday to RMB 3,187 per tonne, extending its decline for a third straight working day, Mysteel's daily price assessment showed. The price drop...
A sharp decline has been seen in the London Metal Exchange (LME) aluminium cash bid and offer, 3-month bid and offer, December 26 bid and offer as well as the price of alumina platts. However, no change is witnessed in opening stock, live warrants and cancelled warrants. On Thursday, September 4,...
Whenever there is a question of pricing, the aluminium industry has pointed towards a single influx inducer — electricity. If you’ve ever toured a smelter or skimmed an investor deck, you’ll hear the same refrain, “power is king, and aluminium is electricity in solid form”. But, as Maros Durka,...
According to Mysteel OilChem's survey, China's anode material production reported 223,500 tonnes in August, up 3.19 per cent from the previous month and 63.50 per cent from the same period last year, with a monthly average capacity utilisation rate of 62.71 per cent. The anode material producers...
Futures side, the most-traded SHFE aluminium 2510 contract opened at RMB 20,710 per tonne in the previous trading day's night session, with the highest price at RMB 20,760 per tonne, the lowest at RMB 20,700 per tonne, and closed at RMB 20,725 per tonne, up 0.07 per cent from the previous closing...
On Wednesday, September 3, both LME aluminium cash bid price and LME aluminium official settlement price has reflected growth for the second consecutive day. As per the price graph, both cash bid price and official settlement price have moved up by USD 2 per tonne or 0.07 per cent to settle at USD...
As of August 29, Mysteel's daily assessment for Guinea bauxite (Al:45 per cent,Si:3 per cent) was USD 74.5/dry metric tonne, rising USD 0.5 per dry metric tonne from a week ago. The assessment for Australia bauxite (Al:50 per cent,Si:6.5 per cent) remained flat at USD 69 per dry metric tonne....
Anthony Tropeano, President of TT Consulting Inc. and a veteran of 45 years in the ferrous and non-ferrous metals industry, shares his insights on the evolving US aluminium market. Drawing on his extensive global experience and network, he highlights a shift among buyers from focusing solely on...
Alcoa, the leading producer of aluminium globally and the largest producer in the US, is at a crossroads. US tariffs on aluminium have triggered record high prices and raised flags about vulnerabilities not only in the US supply chain but also in Europe. Already, the company has faced a hit due to...
LME aluminium prices on September 2 reflected only marginal shifts across cash, 3-month and forward contracts, while stocks saw a modest decline. The LME aluminium cash bid price, on September 2, was recorded at USD 2,614 per tonne, up from USD 2,612 per tonne, replicating a difference of USD 2 per...
On Tuesday, SMM ADC12 prices held steady at RMB 20,750 per tonne. Post-September regional tax rebate policies remain unclear, with thick wait-and-see sentiment prevailing in the secondary aluminium market. Tight raw material supply further bolstered firm producer offers on cost support. Demand...
The first half of 2025 marked a turning point for the global aluminium industry, arguably its most turbulent period in recent memory. The trigger was the United States’ imposition of steep tariffs on aluminium imports, a move that set off ripple effects across global supply chains. What began as a...
Chinese domestic thermal coal market closed last week (August 25-29) on a bearish note, as demand diminished seasonally despite lingering supply constraints. On Friday, Mysteel assessed 5,500 kcal/kg NAR thermal coal at RMB 695 per tonne (USD 97.5 per tonne) FOB northern ports with VAT, down RMB 7...
On Monday, September 1, both LME aluminium cash bid price and LME aluminium official settlement price opened the week with a fall of USD 8 per tonne or 0.30 per cent and USD 8.5 per tonne or 0.32 per cent to clock at USD 2,612 per tonne and USD 2,612.5 per tonne. 3-month bid price and 3-month offer...
Futures: The most-traded cast aluminium alloy AD2511 contract opened at the day's high of RMB 20,350 per tonne on Friday night, hitting an intraday high of RMB 20,365 per tonne and a low of RMB 20,270 per tonne, before closing at RMB 20,325 per tonne, down RMB 25 per tonne (0.12 per cent) from the...
The LME aluminium price movement on Friday, August 29 showed an upward movement from the previous day, reflecting a steady market performance. As per the data, the LME aluminium cash bid price stood at USD 2,620 per tonne, and the LME aluminium cash offer price stood at USD 2621 per tonne. On the...
