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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NALCO, Hindalco, Vedanta experience share surges following China’s decision to revoke export tax rebates: Know why?
China’s decision to revoke tax rebates on aluminium has caused two opposite reactions in the global market. On the one hand, it has brought a frown to global downstream producers and end-user manufacturers in anticipation of a limited supply of metal and higher prices; on the other, it has brought...
SMM alumina price opens the week with a growth of RMB22/t; Australian alumina FOB price rises by US$37/t
On Monday, November 18, the average alumina spot price in China has marked a hike of RMB 22 per tonne to settle at RMB 5,622 per tonne, reflecting a Y-o-Y surge of RMB 2,624 per tonne or 87.52 per cent from RMB 2,998 per tonne. Image Source: Tradeindia As per the Shanghai Metals Market (SMM) data,...
China to cancel aluminium export tax rebate from December 1, will this lead to trade negotiations with the US?
On Friday, November 15, China’s finance ministry declared its plan to reduce or cancel export tax concessions for a wide range of commodities, including aluminium. As per the report, the measure will be effective from December 1, 2024. Image Source: Made-in-China For certain products like refined...
China’s aluminium production ramps up in October, backed by increasing operating capacity
China’s aluminium production in October 2024 (31 calendar days) saw a year-on-year increase of 1.69 per cent and a month-on-month rise of 3.58 per cent, attributed to capacities back to operations in early October after technical renovations. However, some smelters unexpectedly delaying capacity...
China’s alumina market closes the week at RMB5600/t; Record alumina price growth to potentially stabilise in 2025
On Friday, November 15, the average alumina spot price closed the week with a growth of RMB 33 per tonne to settle at RMB 5,600 per tonne. The alumina prices have shown incredible growth since September arriving at RMB 5,600 per tonne as of today. Image Source: Itaforte The prices have grown in...
The price of alumina and aluminium ingots go the opposite way for 4 consecutive days on SMM
As the week progresses, on Thursday, November 14, the alumina price surge trend, witnessed since the initial days of September, continues its upward climb in a similar ratio. Image Source: https://www.made-in-china.com/ Alumina pricing Today, the nearly colourless crystalline substance stood at RMB...
Aluminium and recycled copper: China's strategy to address copper scarcity
An industry group stated on November 13, 2024, that increased use of aluminium and recycled copper could assist China in managing its limited copper resources. This is because Chinese smelters face profit challenges due to constrained copper concentrate supplies. Ge Honglin, Chairman of the China...
Alba sees a twofold growth in Q3 profit on higher aluminium prices and sales volume
Aluminium Bahrain B.S.C. (Alba) has reported a twofold increase in its Q3 profit for the calendar year ending December 31, 2024. Registering a 215 per cent hike Y-o-Y, Alba’s profit in the September quarter stood at BD54.5 million (US$145 million) versus BD17.3 million (US$46 million) in Q3 2023....
High alumina price vs falling aluminium ingot price reflected on Chinese metals' market
The average alumina price on Wednesday, November 13, has now crossed RMB 5500 per tonne in the Shanghai Metals Market. The average cost, after a gain of RMB 39, has stood at RMB 5529 per tonne, whereas the provincial prices in Lianyungang and Bayuquan are short of a mere 100 bucks to reach RMB 6000...
Alumina prices in two Chinese provinces shoot up 45% M-o-M; average market pricing comes to RMB 5490/t
As of Tuesday, November 12, the Shanghai Metals Market has continued on an upward price trajectory for alumina, with some of the province's prices reaching close to RMB 6000 per tonne. The average alumina price was RMB 5,490 per tonne, an additional RMB 49 compared to the previous day's pricing....
China’s alumina price hikes by RMB50/t, reflecting a Y-o-Y surge of 81%; A00 aluminium ingot price loses RMB220/t
The SMM alumina price has experienced a challenging momentum since the beginning of September. The average alumina spot price has shown unprecedented growth, reflecting a Y-o-Y spike of RMB 2,435 per tonne or 81 per cent from RMB 3006 per tonne recorded on November 13, 2023. Image Source: Itaforte...
Upstream weekly recap: Donald Trump's return to the White House sparks aluminium industry speculation; Skyrocketing alumina prices drive aluminium cost pressure
This week has brought notable progress in the upstream sector of the aluminium industry, encompassing bauxite, alumina, and primary aluminium. Australia's Metro Mining sets a new monthly record for bauxite shipments in October, reaching 69.5 per cent of its annual target. A key highlight was the...
Alumina's provincial price is now RMB 5500+; Guinea's bauxite export disruption among others is proving hefty on the metals market
On November 08, 2024, Shanghai Metals Market saw the price of alumina rise to RMB 5,391 per tonne on average. However, the real eyecatcher was the price climb in the provinces of Lianyungang and Bayuquan. The price of alumina has been on a rapid surge spree since the beginning of September. Despite...
Alcoa halts bauxite shipments from Juruti mine amid port blockage, fuelling alumina price surge
On November 7, Alcoa announced the suspension of bauxite shipments from Brazil’s Juruti port due to a vessel stranded in the waterway. This marks the latest in a series of supply chain disruptions impacting the aluminium raw material market, contributing to record-high alumina prices and supporting...
Metal prices get multiple shots in the arm
The combination of high alumina prices, positive sentiment in relation to the Chinese economy, the US$ index moving down, and small shortages of metal has seen metal prices rise to over RMB21,000/ tonne. However, there are also signs that the price may have moved higher into the stratosphere....
SMM alumina price heightens to RMB5328/t; A00 aluminium ingot price expands by RMB260/t
According to the Shanghai Metals Market (SMM) analysis, the average alumina spot price in China has continued its upward trajectory, reflecting a W-o-W hike of 5.37 per cent and a y-o-Y surge of 77 per cent from RMB 5,056 per tonne and RMB 3,010 per tonne. Image Source: Itaforte Alumina price...
China’s domestic alumina price gains RMB44/t overnight, bringing it 4.9% W-o-W high; Imported bauxite price adds US$2.57/t
The average alumina spot price in China has added RMB 44 per tonne overnight to reach a new high of RMB 5,253 per tonne on Wednesday, November 6. The continued supply disruption on the suspension of GAC’s bauxite exports from Guinea, while the latter remains the primary source of imported bauxite,...
Alumina price in China arrives at RMB5209/t, reflecting a W-o-W hike of 5.23%; A00 aluminium ingot price gains RMB230/t
The price progress of alumina in the Shanghai Metals Market (SMM) has continued to maintain its upward trajectory, arriving at RMB 5,209 per tonne as of today. The alumina price has hiked by RMB 41 per tonne and W-o-W the price has grown by 5.23 per cent from RMB 4,950 per tonne on October 29....
