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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SMM: Alumina and aluminium ingot pricing gain value on Wednesday market
On Wednesday, December 11, the average price of a00 primary aluminium ingot in the Shanghai Metals Market (SMM) increased by RMB 30 and stood at RMB 20,380 per tonne with a range of RMB 20,360 to 20,400 per tonne. The average pricing of the primary metal ingot has witnessed a depletion of 5.2 per...
India: ADC12 aluminium alloyed ingot OEM-grade prices drop to 10-month low in South India
Prices of aluminium ADC12 alloyed ingots declined m-o-m across south India, with BigMint's benchmark monthly assessment placing the OEM-approved grade at a ten-month low of INR 208,000/t in Chennai, levels last seen in February 2024. This marks a fall of INR 2,000/tonne (t) m-o-m, primarily due to...
India: Imported aluminium scrap prices remain range-bound w-o-w amid year-end uncertainty
Imported aluminium scrap prices in India remained range-bound w-o-w, with variations by up to 2 per cent, amid slow trading activity, which has caused market uncertainty towards the year-end. BigMint's benchmark assessment for Tense scrap originating from the UAE stood at $1,800/tonne (t), firm...
SMM: Alumina and aluminium continue at a sluggish yet unstable price trend path
The price of a00 primary aluminium ingot, on Tuesday, December 10, has descended a diminutive amount to its yesterday's pricing. On December 11, 2023, the Shanghai Metals Market closed with the metal's average pricing being listed at RMB 18,380 per tonne, and on Tuesday, as the week progressed, the...
SMM: Alumina price gain halt for the first time in over three months; ingot pricing opens with a mixed trend
After three months of continuous upheaval in alumina's pricing at the Shanghai Metals Market (SMM), today, on December 09, the crystalline substance's price ultimately remained unfazed. Image Courtesy: Flickr (Jorge Sá) Alumina price trend Both the average price and the provincial prices remained...
Upstream aluminium recap: China’s ingot price stabilises this week; SMM’s take on export tax rebate cancellation stands out
The final month of 2024 began this week, marking several key events in the upstream aluminium sector. A few of them are critical minerals export ban by China to the United States, projections by the Australian Securities Exchange Limited (ASX) suggesting a return of bauxite stocks to IPOs, and the...
SMM: Aluminium ingot prices stabilise after a volatile week, provinces show mixed movements
As the first week of the last month concludes, the price of primary and secondary aluminium ingots in the Shanghai Metals Market (SMM) stretches towards stability despite the week-long ups and downs. On Thursday, December 6, the price of a00 primary aluminium ingot was listed within a range of RMB...
Aluminium prices jump 10.7% Y-o-Y: China's trade policy drives market shift
The primary and secondary aluminium ingot pricing in the Shanghai Metals Market is on a high-jumping spree as the week progresses towards closing. The average price of a00 aluminium ingot on Thursday, December 05, was listed as RMB 20,550 per tonne, within a limited range of RMB 20,530-20,570 per...
India: ADC12 aluminium alloyed ingot prices remain rangebound
Prices of aluminium ADC12 alloyed ingots remained stable w-o-w in both the northern and southern regions of India, largely due to ongoing sluggish demand in the automotive sector and a considerably weakened export market. Prices of OEM-approved ADC12 were at INR 209,000/t ex Delhi and INR 210,000/t...
India: Imported aluminium scrap prices remain range-bound w-o-w amid slow trading
Imported aluminium scrap prices in India remained range-bound w-o-w, with variations by up to 1.3 per cent, amid slow trading activity. BigMint's benchmark assessment for Tense scrap originating from the UAE stood at $1,800/tonne (t), firm w-o-w, while Zorba 95/5 from the UK stood at $2,100/t,...
SMM A00 aluminium ingot price adds RMB 40/t; Alumina price moves up to RMB5739/t
On Wednesday, December 4, the A00 aluminium ingot price in China has increased by RMB 40 per tonne to halt at RMB 20,360 per tonne with the spot contract price expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The average prices may stand between RMB 20,340 per tonne and RMB...
Indian aluminium market sees uptick as China sustains robust demand; transnational influences weigh in
In a recent development in the Indian aluminium industry, prices rose by 0.12 per cent to settle at INR 242650 per tonne, driven by sustained demand from China, the world's largest aluminium consumer. As a lump sum quantity of the non-ferrous metal is being exported to the neighbouring country,...
China’s A00 aluminium ingot price drops to RMB20320/t; Alumina price expands by 10.95% M-o-M
China’s A00 aluminium ingot price has lost RMB 60 per tonne to settle at RMB 20,320 per tonne, with the spot contract price expected to be traded at a discount price of RMB 10 per tonne and a premium price of RMB 30 per tonne. The average prices may stand between RMB 20,300 per tonne and RMB 20,340...
Bauxite price surge regains market confidence at ASX, with stocks projected to return to IPOs
In conversation with Stockhead, a business news publication dedicated to connecting investors with emerging ASX-listed companies, Lowell Resources Fund's chief investment officer, John Forwood, highlights that the booming bauxite prices are bringing attention back to ASX stocks and how. To his...
SMM pricing stabilising after months of rapid hike; aluminium ingot follows the trend
The price of alumina, as well as primary and secondary aluminium ingot, is stabilising from the leaps of hike in the Chinese metals market. Image Source: Advanced Ceramic Materials (ACM) Corporation Alumina pricing: Averaged and provincial On Monday, December 2, as the week and the month started,...
Press Metal sees 31.4% surge in Q3 net profit
The largest integrated aluminium producer in South East Asia, Press Metal Aluminium Holdings Bhd reported a significant 31.4 per cent jump in net profit for the third quarter that ended Sept 30, 2024, reaching RM402.3 million, up from RM306.1 million in the same period last year. The robust...
Japan’s aluminium shipment premium offer grows 31-49% for Q1 2025 on supply crunch anticipation
One month to go to 2025, and global aluminium producers have begun to offer new premiums to Japanese buyers for the first quarter of the New Year. And not much to our surprise, the premium offered for the March quarter is 31 to 49 per cent higher than the current quarter’s premium, anticipating a...
Bank of America predicts volatile metals market for 2025; aluminium and copper prices set to decline
In a recent forecast by Bank of America, analysts have projected a turbulent year ahead for the metals and minerals market in 2025. Bank of America is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalisation, both after JPMorgan...
