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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China’s aluminium production in Sept’24 reflects 1.2% annual growth driven by higher profit margins
According to the National Bureau of Statistics, China's aluminium production in September grew year-on-year, driven by steady demand and profitable margins for producers. As per the data revealed, China, the world's largest producer of aluminium, churned out 3.65 million tonnes of light metal, up...
Upstream weekly recap: Rio Tinto reports 8.6% surge in Q3 bauxite output; Alcoa reports robust financial output outpacing operational challenges
This week, the upstream sector of the aluminium industry, comprising bauxite, alumina, and primary aluminium, witnessed some important events. One of the notable events would be the alumina price exceeding the RMB 4500 mark, breaking all the records of the past thirteen years. The alumina prices...
China's alumina price gains another RMB51/t: Trend shows continual price surge
On October 18, Friday, the week has closed with a continuous upward price trend in alumina. As a matter of fact, most other aluminium commodities have seen a downward price except for alumina. Alumina has gained another RMB 51 per tonne, soaring to a new high of RMB 4607 (USD 647) per tonne. In the...
SMM alumina price exceeds RMB 4500 per tonne: Breaks all records of past thirteen years
The Shanghai Metals Market (SMM) price indicator for alumina on Thursday, October 17, shows a gain of RMB 57 per tonne, totalling RMB 4556 per tonne. In Shandong and Henan regions, the price reached average RMB 4550 per tonne (ranging between RMB 4450-4650 per tonne in Shandong and RMB 4500-4600...
China’s alumina price heightens by RMB101/t; A00 aluminium ingot price loses RMB140/t
On Wednesday, October 16, the average alumina spot price has skyrocketed by RMB 101 per tonne to settle at RMB 4,499 per tonne. As per the data, the alumina prices in Shandong, Guangxi and Shanxi have gained RMB 100 per tonne to clock at RMB 4,475 per tonne, RMB 4,435 per tonne and RMB 4,575 per...
SMM alumina price surges by RMB94/t owing to supply chain crisis; Australian alumina FOB price skyrockets to US$642/t
According to the Shanghai Metals Market (SMM), the average alumina spot price has surged significantly by RMB 94 per tonne to clock at RMB 4,398 per tonne. The prices have grown in most provinces, with the highest in Shandong and Shanxi, where it has skyrocketed by RMB 100 per tonne to settle at...
SMM alumina price opens the week with a surge of RMB63/t; A00 aluminium ingot price adds RMB40/t
On Monday, October 14, the average alumina spot price in China opened the week with a surge of RMB 63 per tonne to halt at RMB 4,304 per tonne. W-o-W, the alumina price had grown by RMB 196 per tonne from RMB 4,108 per tonne. As of today, the prices in regions like Shanxi and Shandong have gained...
China’s alumina price surges by 7.55% M-o-M, arriving at RMB4241; A00 aluminium ingot price hikes by RMB190/t
On Friday, October 11, the average alumina spot price in China hiked by RMB 27 per tonne to settle at RMB 4,241 per tonne. As per the Shanghai Metals Market (SMM) price analysis, the alumina price on a M-o-M surged by RMB 298 per tonne or 7.55 per cent. As of today, the prices have grown in most of...
China’s alumina spot price mounts over RMB4200/t following a significant gain of RMB44/t
China's non-ferrous metal market has seen a historical price movement of the average alumina spot price as it has leapt by RMB 44 per tonne overnight to exceed RMB 4,200 per tonne. According to the Shanghai Metals Market, China's domestic alumina price clocked at RMB 4,214 per tonne on Thursday,...
Japan’s latest aluminium shipment premium for Q4 2024 is 1.7% down from the last offer
A recent update informs that Japanese buyers are offered a revised aluminium shipment premium for the December quarter, slightly lower than the earlier quotation for the same period but higher than the previous quarter. The news came after four people directly involved in pricing talks reported....
FY25 Outlook bright for Press Metal: Stable aluminium prices and China's economic recovery in focus
According to Hong Leong Investment Bank (HLIB), Press Metal Aluminium Holdings Bhd, with a current smelting capacity of 1.08 million tonnes and an extrusion capacity of 240,000 tonnes per annum, is the largest integrated aluminium producer in Southeast Asia. It is set to achieve double-digit...
SMM A00 aluminium ingot price declines to RMB20,450/t; Alumina price surges by RMB62/t
On Wednesday, October 9, China’s A00 aluminium ingot price declined by RMB 150 per tonne to settle at RMB 20,450 per tonne, with the spot contract price expected to be traded at a discount price of RMB 60 to RMB 20 per tonne. The average prices are expected to range between RMB 20,430 per tonne and...
China market resumes with a bullish trend, marking an alumina price surge of RMB16/t
According to the Shanghai Metals Market, China’s domestic alumina market has resumed after a week-long National Day holiday with a price surge of RMB 16 per tonne to stand at RMB 4,108 per tonne as of Tuesday, October 8. With the latest rise, China’s domestic alumina price has recorded a...
Key highlights from the global aluminium industry, September 2024
In September 2024, the global aluminium industry witnessed significant developments across production, sustainability, and market dynamics. Aluminium producers continued to push for greener technologies, as the global primary aluminium producers are focusing on expanding their low-carbon aluminium...
Europe’s primary aluminium production sees a 5% growth in August on risen profitability due to LME price rally
In August 2024, primary aluminium production in Europe continued to grow , reaching a new high. Month-on-month, the output increased by 2,000 tonnes or 0.34 per cent, while year-on-year surged by 29,000 tonnes or 5.1 per cent, supported equally by Russia & Eastern Europe and Western & Central...
SMM alumina price surged by RMB 189/t in three months, up by RMB18/t today; A00 aluminium ingot price ascends to RMB20,380/t
According to the Shanghai Metal Market (SMM), today, the week initiated with a surge in average prices of raw materials like alumina by RMB 18 per tonne to reach RMB 4,092 per tonne. This increased the price by RMB 189 per tonne in three months from RMB 3,903 per tonne. The price has expanded in...
SMM alumina price surged consecutively for 12 days by RMB 132/t, with A00 aluminium ingot price ascending by RMB 320/t today
According to the Shanghai Metal Market (SMM), today, the weekends have a surge in average prices of raw materials like alumina by RMB 16 per tonne, reaching RMB 4,074 per tonne. This brings the price higher by RMB 158 per tonne in one month from RMB 3,916 per tonne. The price has increased in some...
SMM alumina price sees growth by RMB 15/t while A00 aluminium ingot price drops by RMB 170/t
According to the Shanghai Metal Market, the price of raw materials like alumina has again surged by RMB 15 per tonne, bringing the average price to RMB 4,058 per tonne. Also, in some regions, the alumina price is high, like in Shanxi, where the price has improved by RMB 25 per tonne to peg at RMB...
