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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Increased low-priced transactions domestically and internationally, alumina prices are expected to decline in the short term
[ SMM Morning Comment on Alumina: Increased Low-Price Transactions Domestically and Internationally, Short-Term Alumina Prices Expected to Decline] : Recently, the weekly operating rate of alumina has continued to increase slightly, with no significant changes on the demand side. Low-price spot...
Glencore loses key traders again to newer competitors: market pricing rule in to set hiring trend
History repeated itself, yet again! After iron, Glencore Plc is on the verge of losing its top aluminium segment traders to new competitors like Vitol Group and Mercuria Energy Group Ltd. This is the latest hint that energy firms’ return to metals is fuelling a talent war in the industry. Image...
India: Imported aluminium scrap tags fall w-o-w amid decline in LME prices
Imported aluminium scrap prices in India dropped by up to 2.5 per cent w-o-w, mirroring a decline in London Metal Exchange (LME) levels. However, certain scrap grades held firm w-o-w amid reports of supply shortages. BigMint's benchmark assessment for Tense scrap originating from the UAE stood at...
IndyCar eyes aluminium wheels to tackle costs and supply challenges by 2026
IndyCar is considering replacing its traditional magnesium wheels with aluminium alternatives by 2026 or 2027, aiming to reduce costs and address supply challenges. Magnesium wheels, valued for their lightweight and rigidity, have been standard in high-performance racing, including IndyCar and...
Alcoa's share value drastically falls over the years; what does 2025 hold for the global brand?
Alcoa's (NYSE: AA) share value has dropped nearly 60 per cent since March 2022, which was its all-time peak. During the same period, the S&P 500 index has increased by 33 per cent, yet this has not been enough to offset Alcoa's incredibly sharp decline compared to its peers. For instance, Century...
Base metals prices, stocks on LME show negative trends
Base metals prices on the London Metal Exchange (LME) showed negative trends, with zinc recording the highest drop of 2.76 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses witnessed outflows, except for nickel stocks, which increased by 1.21 per cent d-o-d. COMEX market update...
Base metals prices on LME show positive trends, stocks remain stable
Base metals prices on the London Metal Exchange (LME) showed positive trends, with zinc increasing by 1.07 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses remained stable d-o-d. Additionally, LME was closed today due to the New Year holiday. COMEX market update Copper prices on...
Niagara bauxite discovery grows to over 14sqkm as latest drilling returns exceptional grades
Arrow Minerals Limited is pleased to report more outstanding assays from its first drilling program at the Niagara Bauxite Project in Guinea. The project is located within trucking distance (~100km) of the multi-user Trans-Guinean Railway. Arrow has already completed the first pass of baseline...
SMM aluminium ingot price expands to RMB19770/t; Alumina price loses RMB23/t
The SMM aluminium market has clocked a growth of RMB 100 per tonne to settle at RMB 19,770 per tonne as of today (January 2, 2025). The prices have grown in all the regions, with the highest in Gongyi and Shenyang, where it has gained RMB 110 per tonne to settle at RMB 19,770 per tonne and RMB...
China’s A00 aluminium ingot price expands to RMB19770/t; Alumina price falls by RMB14/t
The Shanghai Metals Market, on January 1, 2025, recorded a growth of RMB 70 per tonne to settle at RMB 19,770 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne. A00 aluminium ingot On the same day, the prices in...
Shareholders alert: Aluminium share updates, both domestic and international, might need your attention!
Aluminium trading prices have remained stable at INR 241.4 (US$2.82) in India as on December 30, 2024 and while the prices have not changed, key data indicates an underlying tension in the market due to supply and demand dynamics. According to the International Aluminium Institute (IAI), global...
2024 concludes in Shanghai Metals Market eventfully! Find out which aluminium pricing went which way...
Shanghai Metals Market (SMM), on the last day of the year, has been super active in the stance of base metal—aluminium pricing. From raw material to primary ingot to secondary ingot, such fluctuations in pricing have been a rare incident in recent times. During the winters, a lot of smelters have...
Rethinking solar costs: Aluminium frames redefine PV industry margins
At the recent annual conference of the China Photovoltaic Industry Association (CPIA), a renewable energy analyst from a publicly traded securities company renowned for its excellent asset quality and innovative capabilities highlighted significant cost shifts in the solar industry. The event, held...
China’s alumina and primary aluminium prices continue to decline over the last weekend of 2024
It's a new week but not a new beginning! Both alumina and primary aluminium prices have continued to decline over the weekend, albeit at a lower rate than the previous day . According to the Shanghai Metals Market survey, the average alumina spot price has decreased by RMB 6 per tonne, compared to...
December’s week four concludes — Here’s a snapshot of aluminium pricing movements in SMM
The SMM aluminium market is buzzing with activity, offering a blend of stability and subtle shifts across various segments. While some prices held their ground, others nudged lower, reflecting the ever-changing dynamics of supply and demand. From alumina to primary and secondary ingots and even...
SMM: Alumina prices glide yet again, aluminium shows mixed trend in different geography
China’s aluminium trading market, often seen as a bellwether for global trends, exhibited subtle yet telling shifts as per the latest Shanghai Metals Market (SMM) pricing report released on Thursday. Alumina and aluminium prices showed mixed dynamics, reflecting evolving supply-demand balances and...
Christmas boost for aluminium market: Prices climb on SMM, led by A00 ingot and alumina
On the day of Christmas, as the world is in a celebratory mood, the aluminium price on the Shanghai Metals Markert is on the hiking trend, bringing good news for investors. As of December 25, 2024, the Shanghai Metals Market (SMM) reported the following prices for alumina and aluminium ingots:...
SMM aluminium and alumina prices decline due to overall subdued demand in the market
According to the Shanghai Metals Market survey, China’s primary aluminium and input costs have shrunk overnight, indicating muted demand for the commodities. The only exception is bauxite, with its domestic price remaining unchanged and imported price gaining US$ 0.08 per tonne to US$105.84 per...
