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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Century Aluminum posts a 203% jump in Q3 Adjusted EBITDA driven by rising aluminium shipments and LME prices
Century Aluminum Company, a US-based producer of primary aluminium, announced its third-quarter 2024 results, revealing net sales of $539.1 million. That was down by 3.9 per cent sequentially from $560.8 million, attributed to decreased third-party alumina sales but partially offset by increased...
Key highlights from the global aluminium industry, October 2024
In October 2024, the LME aluminium prices saw renewed strength despite the headwinds of a stronger US dollar and varied economic indicators from key markets. After reaching a cash-month low of $2,521 per tonne on October 15, prices rebounded to USD $2,617 per tonne by the month's close. A major...
SMM alumina price continues its upward trend, arriving at RMB5168/t; A00 aluminium ingot price adds RMB50/t
The average alumina spot price in China has opened the week with a surge of RMB 59 per tonne to settle at RMB 5,168 per tonne. As per the Shanghai Metals Market (SMM), the alumina price has continued its record-breaking climb, reflecting a W-o-W hike of RMB 268 per tonne or 5.46 per cent. Image...
Upstream weekly recap: Alumina price surpasses the RMB 5000 mark; Metro Mining hits record Bauxite production in Q3 2024
This week has seen significant developments in the upstream sector of the aluminium industry, which includes bauxite, alumina, and primary aluminium. Notably, the average spot price for alumina in China surpassed RMB 5000 for the first time on Wednesday, settling at RMB 5,007 per tonne before...
Alumina price in Shanghai Metals Market towers over RMB 5k as week closes
As the week concludes, the price progress of alumina in the Shanghai Metals Market (SMM) continues to break records. The week started with the average alumina price of RMB 4900 per tonne and concluded with RMB 5,109 per tonne on November 1, 2024, with a total increase of close to 4.3 per cent...
China’s average alumina spot price reaches RMB5056/t; A00 aluminium ingot price falls to RMB20780/t
On Thursday, October 31, the average alumina spot price in China has gained RMB 49 per tonne to settle at RMB 5,056 per tonne. The average alumina prices have shown growth in all the major regions, with the highest in Guizhou where it has surged by RMB 65 per tonne to settle at RMB 5000 per tonne....
Metro Mining achieves record Q3 shipments, 50% growth from Q2 2024
Metro Mining Limited has reported a standout third-quarter operational update for 2024, marking a record-breaking period for the company's bauxite production. The company achieved quarterly shipments of 2.13 million wet metric tonnes (WMT), a substantial 50 per cent increase over Q2 2024 and a 32...
SMM alumina price hits milestone reaching RMB5007/t; A00 aluminium ingot price adds RMB50/t
The average alumina spot price in China, without much surprise, has finally reached the RMB 5000 mark. As of today, the price has hiked by RMB 57 per tonne to arrive at RMB 5,007 per tonne, reflecting a Y-o-Y surge of 66.40 per cent. The alumina prices have been growing significantly since...
Alumina price holding strong with 3.99% weekly gain; A00 aluminium ingot price drops to RMB20800/t
The average alumina spot price in China has shown a remarkable price surge amidst limited bauxite supply, which is crucial for domestic refineries. As of October 29, the price has surged by RMB 50 per tonne to settle at RMB 4,950 per tonne, reflecting a 3.99 per cent W-o-W growth. However, if the...
SMM alumina price sparks anticipation for RMB5000/t by week’s end, entering another week with a surge
The average alumina spot price in China shows no signs of easing its upward trajectory shortly amid limited bauxite inflow into the domestic market to feed refineries and heavy demand for alumina for primary aluminium production. As of October 28, China's domestic alumina price has entered yet...
Aluminium and copper prices set to rise: Goldman Sachs raises 2025 outlook following China's demand stimulus
In a significant upward revision, the leading global investment banking, securities, and asset and wealth management firm, Goldman Sachs, has enhanced its 2025 price forecasts for aluminium and copper, driven by increased demand potential in China, the world's largest consumer of these metals. The...
Alumina price short of RMB 50 to touch RMB 5000 in China with Y-o-Y 20% overall gain
The week four of October 2024 closes with the frown on the traders' foreheads worsening as the alumina price range does not disperse any ray of hope. On October 25, the price of alumina was only RMB 50 short of touching 5,000 as the price range in Shandong and Shanxi reflected to be RMB 4,800-4,950...
Qamco posts QR427.7 million profit in first nine months of 2024, beating last year by 21%
Qatar Aluminium Manufacturing Company (Qamco) posted a 21 per cent increase in profits for the first nine months of 2024 despite rising raw material costs. By the end of September, the company's profit reached QR427.7 million ($117.3 million), up from QR353.5 million during the same period in 2023....
SMM alumina & ingot price sparks tension among traders — aluminium ingot pricing follows trend
As week four of October progresses, the price of alumina, too, advances towards touching RMB 5000 in the Shanghai Metals Market, which can be safely said to be the highest in the known time frame. On Thursday, October 24, alumina prices in the SMM market touched RMB 4,810 per tonne, whereas some of...
Is the EU treading a perilous path with its aluminium bans on Russia, potentially triggering a chain of economic and geopolitical repercussions?
Amidst the chances of importing from intensively limited sources, the European Union (EU) is reconsidering banning Russia as its aluminium supplier. The immediate result? Small and medium-sized business entities, which rely on close to 70 per cent of turnover and 92 per cent of employment in the...
Momentum sustains in China’s domestic alumina price with over 50% rise Y-o-Y
Following supply disruptions due to unfavourable weather conditions, blockage on bauxite export from Guinea Alumina Corporation has led China’s domestic average alumina price to a new high at RMB 4,760 per tonne on October 23, found the Shanghai Metals Market. Over a day, the price has gained RMB...
China's alumina price instability vs aluminium production scene raises question about FY26 plans
Alumina's prices, without much surprise, follow the upward path of the price range on Tuesday, October 22. As disclosed by SMM, the average alumina price is RMB 4,698 per tonne, which is 56 per cent higher than last year's October 23 price (RMB 2998 per tonne). The Y-o-Y price leap has caused a...
China Market week four opens with alumina hike; aluminium ingot joins in with M-o-M 4% surge
Alumina price on October 21 opened with the continual trend of an all-time high of RMB 4642 per tonne, with an increase of 7.8 per cent since last week. Apart from the recent incident of flood in Guinea, which affected the bauxite supply in China, the country's domestic supply has been humungously...
