LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
LME aluminium price rises to $3,310/t: Can EGA and Alba repairs bring back 2025 levels?
The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium...
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Kepler Cheuvreux reinstates Hydro shares with a 'Buy' rating & price target of NOK 88
Kepler Cheuvreux, a European financial services firm specialising in research, execution, and asset management, resumed coverage of Norsk Hydro SA shares, assigning a Buy rating with a price target of NOK 88.00. A "Buy" rating from a stock analyst indicates their belief that the stock is either...
Alumina prices plunge; February aluminium costs may pull back by nearly 2,500 RMB/t
According to SMM data, the average tax-inclusive full cost of China's aluminium industry in January 2025 was RMB 19,989 per tonne, down 5.3 per cent M-o-M and up 22.7 per cent Y-o-Y, mainly due to the sharp pullback in spot alumina prices during the period. The average spot price of SMM A00...
Leading companies' purchases; Aluminium scrap industry enters holiday
On January 24, spot primary aluminium prices fell by RMB 10 per tonne compared to the previous trading day, with SMM A00 spot aluminium closing at RMB 20,190 per tonne. Aluminium scrap market quotations fluctuated rangebound following aluminium prices. In the short term, the fundamentals remained...
The secondary aluminium market has basically entered a holiday state with sparse transactions
On January 24, aluminium prices remained in a narrow range. SMM A00 aluminium ingot prices decreased by RMB 10 per tonne compared to the previous trading day to RMB 20,190 per tonne, while secondary aluminium prices remained stable. For domestic prices, large domestic secondary aluminium...
Upstream weekly recap: Change in investment outlook for global aluminium companies, US tariff threats, and much more
Some of the news headlines this week in the upstream aluminium industry, particularly in the primary aluminium sector, suggest a potential shift in market dynamics in the near term in the wake of aluminium price drop on alumina supply ease and proposed tariffs on aluminium imports by the US...
Trade & Pricing: Europe's billet market trend 2024-2025
European aluminium billet market is beginning its new calendar year, keeping a cautious look over its shoulder, as demand remains sluggish amid hidebound buying practices, while production cuts intend to leave the supply chain vulnerable to sudden fluctuations. Platts, part of S&P Global Commodity...
Entering the Chinese New Year holiday, market trading is sluggish
SHFE aluminium front-month contract fluctuated rangebound in the early trading session today, with prices rising significantly during the second trading session. Suppliers and downstream buyers in east China have entered the Chinese New Year holiday, leading to sluggish market transactions. Today,...
Platts assessment suggests Q1 2025 Japanese port aluminium premium at $228/t
According to Platts assessment, a division of S&P Global, the premium for Japanese primary aluminium imports in the first quarter of 2025 stands at $228 per tonne over the London Metal Exchange cash price, reflecting a 30.29 per cent rise from $175 per tonne in Q4 2024. Image source: Sumitomo...
Spot alumina transaction prices in northern regions continue to narrow decline; spread between futures and spot prices continues to narrow
During the night session, the most-traded alumina 2502 futures contract opened at RMB 3,800 per tonne, with a high of RMB 3,806 per tonne and a low of RMB 3,772 per tonne, closing at RMB 3,784 per tonne, down RMB 17 per tonne or 0.43 per cent. Open interest stood at 48,700 lots. As for spot alumina...
Ashapura Minechem stock price jumps higher after MoU with China Railways
The share value of a leading mining company, based in India, specialising in the extraction, manufacturing, and trading of minerals and their derivative products, surged by 10 per cent following the signing of a long-term Memorandum of Understanding (MoU) with China Railway. Price hike stance With...
Know why there’s a demotion in investment outlook for Norsk Hydro ASA
RBC Capital Markets, a global investment bank providing banking, finance, and capital markets services, has reduced its ratings for the Norwegian aluminium and renewable energy company Norsk Hydro ASA from "outperform" to "sector perform". The revision in investment outlook follows Norsk Hydro's...
Active trading in East China as spot discounts narrow significantly: SMM
This morning, the SHFE aluminium front-month contract fluctuated. On the fundamentals, aluminium ingot social inventory shifted to an inventory buildup, while inventory in Wuxi continued to decline. Market buying sentiment improved, spot discounts narrowed, and trading was active. Specifically,...
Press Metal’s Q4 earnings will revolve around fire, price and coalition: HLIB
Press Metal Aluminium Holdings Bhd’s (KL: PMETAL), a leading aluminium smelting and extrusion facility based in Malaysia, has its fourth quarterly earnings expected to come in a range of RM 375 million (USD 83.25 million) to RM 400 million (USD 88.8 million), according to Hong Leong Investment Bank...
Destocking against the trend: Is the surge in aluminium prices inevitable or accidental?
The recent counter-seasonal destocking of domestic aluminium ingots seems to be consistently reflected in the SHFE aluminium futures market. According to SMM statistics, as of January 16, 2025, the social inventory of domestic aluminium ingots stood at 440,000 tonnes, with 314,000 tonnes of...
India: NALCO raises primary aluminium ingot prices by INR 9,800/t ($113/t); Hindalco, Balco raise aluminium ingot prices by up to INR 8,250/t ($95/t)
NALCO, one of India's leading mining and metals companies, raised prices of its primary aluminium ingots (P1020, 99.7 per cent) by INR 9,800/t ($113/t) on 14 Jan'25. Current prices are at INR 261,800/t ($3,023/t) compared to INR 252,000/t ($2,910/t) on 28 Dec'24. Prices are ex-works and exclude...
India: Imported aluminium scrap prices rise w-o-w even as some grades witness tight supply
Imported aluminium scrap prices in India witnessed an uptrend w-o-w, with fluctuations of up to 1.7 per cent, amid recovery demand post-New Year holidays. Amid a rise in London Metal Exchange (LME) aluminium prices, certain scrap grades reported supply shortages. BigMint's benchmark assessment for...
Aluminium scrap prices generally rose as suppliers gradually took holidays
Today, spot primary aluminium rose by RMB 140 per tonne compared to the previous trading day, with SMM A00 spot price closing at RMB 20,340 per tonne. Aluminium scrap market quotations mainly followed the upward trend. In the short term, the fundamentals remain tight on the supply side, and reverse...
Indian aluminium shares grow 2-3% on three major global events, including EU’s 16th sanctions package
On Thursday, January 16, the three musketeers of the Indian aluminium industry - Vedanta Limited, National Aluminium Company (NALCO), and Hindalco Industries Limited saw a 2 to 3 per cent gain in their intraday stock prices. The contributing factor was the increased aluminium prices to $2,606 per...
