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 A00 aluminium ingot price dips by RMB40/t; Alumina price stands at RMB5725
On Friday, November 29, the A00 aluminium ingot price has descended by RMB 40 per tonne to clock 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 are expected to stand between RMB 20,340 per tonne and RMB...
India: ADC12 aluminium alloy ingot prices remain stable w-o-w
Prices of aluminium ADC12 alloyed ingots remained stable w-o-w across both northern and southern regions in India, largely due to ongoing sluggish demand in the automotive sector and a weakened export market. BigMint's weekly assessments for ADC12 (non-OEM) grade stood at INR 201,000/tonne (t) in...
India: Imported aluminium scrap prices remain largely stable w-o-w amid declining LME levels
Imported aluminium scrap prices in India remained firm, with few grades edging lower by up to 1.5 per cent w-o-w. 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 $2,110/t, stable w-o-w, both prices...
China’s A00 aluminium ingot price loses RMB140/t; Alumina price witnesses slower growth rate arriving at RMB5719/t
On Thursday, November 28, the A00 aluminium ingot price declined by RMB 140 per tonne to settle at RMB 20,400 per tonne, with the spot contract price expected to be traded at a premium price of RMB 10 to RMB 50 per tonne. The average prices may range between RMB 20,380 per tonne and RMB 20,420 per...
President-elect Donald Trump reaffirms tariff plans on social media, targeting aluminium and steel industries
On Monday, November 25, US President-elect Donald Trump reiterated his tariff plans on social media, including a 25 per cent duty on all imports from Mexico and Canada. According to Citibank analysts, the tariff on Mexico and Canada would affect the global commodity market, but the maximum impact...
China’s A00 aluminium ingot price loses RMB60/t; Alumina price stands at RMB 5717/t
On Wednesday, November 27, China’s A00 aluminium ingot price has dropped by RMB 60 per tonne to settle at RMB 20,540 per tonne with the average prices standing between RMB 20,520 per tonne and RMB 20,560 per tonne. The prices have fallen in all the provinces, with the highest in Linyi, where it has...
Aluminium ingot pricing, both primary and secondary, on the downward slope on SMM listing
On Tuesday, November 26, the average price of A00 aluminium ingot in the Shanghai Metals Market stood at RMB 20,600 per tonne, with a fall of RMB 70 to yesterday's price. The price change was witnessed to be 1.1 per cent lower M-o-M and merely 0.3 per cent higher W-o-W. Image Source:...
Rusal to cut 6% annual aluminium production due to alumina price surge and decreased domestic demand
United Company Rusal, the world’s second-largest aluminium company by primary metal output, has announced a reduction of 6 per cent in production in response to the global alumina price surge, causing skyrocketed production costs. Slow economic progress dampening domestic demand for aluminium is...
SMM A00 aluminium ingot price opens week with a growth of RMB60/t; Alumina price adds RMB10/t
On Monday, November 25, the A00 aluminium ingot price opened the week with a growth of RMB 60 per tonne to settle at RMB 20,670 per tonne, with the spot contract price expected to be traded at a premium price of RMB 50 to RMB 90 per tonne. The average prices may range between RMB 20,670 per tonne...
Metal Mayhem: Germany and Turkey drag European aluminium alloy ingot market down
The European market for aluminium alloy ingot has experienced a significant devaluation, with both Germany and Turkey playing a pivotal role. Their substantial price reductions, amidst economic challenges and struggles in the automotive sector, have contributed to a pronounced downward trend in the...
China’s alumina price grows to RMB5691/t; A00 aluminium ingot price loses RMB90/t
According to the Shanghai Metals Market (SMM) on Friday, November 22, the price of alumina has added RMB 18 per tonne to settle at RMB 5,691 per tonne. On the same day, the prices in Shanxi, Henan and Shandong have grown by RMB 25 per tonne and RMB 20 per tonne to settle at RMB 5,750 per tonne, RMB...
India: Aluminium ADC12 alloy ingot prices inch up w-o-w on rising raw material costs
India's ADC12 non-OEM prices experienced a slight rise of INR 1,000/t ($12/t) w-o-w due to higher raw material costs. However, demand for aluminium ADC12 remained sluggish in the domestic markets of Delhi-NCR and Chennai. BigMint's benchmark assessments for ADC12 (non-OEM) grade stood at INR...
Alumina price hike ratio takes a step back; aluminium extrusion export drop potent to lead ingot price drop
Alumina prices are still on the rise in the Shanghai Metals Market (SMM). But, after a long wait, the price hike rate has decreased in the past couple of days, sparking hope among aluminium industrial manufacturers, traders and suppliers. Image Source: https://www.britannica.com/ Alumina pricing:...
SMM alumina price sustains its growth trajectory, arriving at RMB5659/t; A00 aluminium ingot price falls by 0.23% W-o-W
On Wednesday, November 20, the average alumina spot price in China has ascended by RMB 13 per tonne to settle at RMB 5,659 per tonne. The alumina price has continued its growth trajectory since September. The prices of Lianyungang and Bayuquan have surged by RMB 50 per tonne to peg at RMB 6,050 per...
Beijing slashes tax rebates, exporters pass costs to buyers
Industry insiders revealed that Chinese exporters in diverse sectors, including aluminium products, used cooking oil (UCO), and solar power equipment, are preparing to hike prices and renegotiate contracts following Beijing's decision to cut tax incentives. The policy change, announced on November...
China’s tax policy reforms propel mining gains; USD strength could pose risks
Mining giants saw a strong start to the week, the 47th week of the year 2024, buoyed by China's decision to eliminate the 13 per cent tax rebate on aluminium and copper semi-finished products exports. The policy change, announced on November 15, 2024, triggered a surge of over 7 per cent in London...
China’s alumina price expands by 22.55% M-o-M, arriving at RMB5646/t; A00 aluminium ingot price adds RMB10/t
According to the Shanghai Metals Market (SMM) analysis, the average alumina spot price has hiked by RMB 24 per tonne to settle at RMB 5,646 per tonne. W-o-W, the price has grown by RMB 156 per tonne or 2.84 per cent, and M-o-M the alumina price has shown a surge of RMB 1,039 per tonne or 22.55 per...
Charge your phone in under 75 minutes with OnePlus' new magnetic charger
OnePlus is now in the market with an aluminium inclusive fast wireless charging pad for the OnePlus 13 and other MagSafe-capable devices. Image Source: community.oneplus.com The charging pad enables users to have efficient and fast charging options. The sleek design is easier to carry. The charging...
