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 alumina spot price stands at a 3-year high; A00 aluminium ingot price sheds off RMB160/t
China’s domestic average alumina spot price has continued to increase for the third day in a row, accumulating RMB 6 per tonne on Wednesday, September 4. According to the Shanghai Metals Market, the price has settled at RMB 3,938 per tonne, marking a week-on-week jump of RMB 17 per tonne and...
LME aluminium benchmark price falls by US$8.5/t; SHFE price adds US$2/t
On Tuesday, LME aluminium opened at US$2,424 per tonne, with a high of US$2,428.5 per tonne, a low of US$2,394 per tonne, and closed at US$2,415.5 per tonne, down US$8.5 per tonne, a decrease of 0.35 per cent. As per the LME aluminium graph, on Tuesday, September 3, both the cash bid price and...
China’s alumina price accumulates RMB11/t in two days; A00 aluminium ingot price loses RMB250/t W-o-W
According to the Shanghai Metals Market survey, China’s average alumina spot price has increased for the second day in a row by RMB 5 per tonne to reach RMB 3,932 per tonne as of Tuesday, September 3. In two days, the price has accumulated RMB 11 per tonne, marking a week-on-week increase of RMB 16...
LME aluminium hits 2-week low as China’s manufacturing activity slows down in August; SHFE price slumps by US$50/t
On Monday, LME aluminium opened at US$2,449.5 per tonne, hit a high of US$2,456.5 per tonne and a low of US$2,411 per tonne, and closed at US$2,424 per tonne, down US$22 per tonne, or 0.90 per cent. As per the LME data, on Monday, August 2, aluminium prices dropped to a two-week low following data...
Key highlights from the global aluminium industry, August 2024
In August 2024, the global aluminium industry experienced notable fluctuations in pricing, reflecting a complex interplay of market dynamics and economic factors. There was a moderate increase in aluminium prices on the LME and the SHFE over the month. This uptick can be attributed to ongoing...
China’s A00 aluminium ingot price experiences downward trend by RMB 170/t today but surges by RMB 460/t M-o-M
As of 2nd September, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the month with an average price of RMB 19,460 per tonne, dropped by RMB 170 per tonne from the previous day. The average price is likely to fluctuate between RMB 19,440 per tonne to RMB 19,480 per...
LME aluminium price closes the week with a hike of RMB26/t; SHFE price adds US$12/t
Last Friday, LME aluminium opened at US$2,460 per tonne, with a high of US$2,498 per tonne, a low of US$2,440.5 per tonne, and closed at US$2,446 per tonne, down US$25.5 per tonne, a decrease of 1.03 per cent. On Friday, August 30, both LME aluminium cash bid price and LME aluminium official...
EGA reports strong H1 2024 financial performance, driven by high demand for premium aluminium
Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium, has reported strong financial results for Q12024, driven by sustained global demand for premium aluminium. EGA's adjusted Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) reached AED 4.20...
China's A00 aluminium ingot market experienced incline in price by RMB 80/t today, with the bauxite price rising by US$ 0.01/t
According to the Shanghai Metal Market survey (SMM), as of 30th August, China’s A00 aluminium ingot price has surged by RMB 80 per tonne after a huge downfall the previous day by RMB 250 per tonne. Today, the average aluminium price closed at RMB 19,630 per tonne. The week ends on a more or less...
LME aluminium benchmark price declines by US$42/t; SHFE price falls to US$2772/t
On Thursday, LME aluminium opened at a high of US$2,486.5 per tonne, a low of US$2,450 per tonne, and closed at US$2,466 per tonne, down US$18 per tonne, a decrease of 0.72 per cent. On Thursday, August 29, both LME aluminium cash bid price and LME aluminium official settlement price declined by...
Press Metal's Q2 net profit jumps 65%, driven by higher prices and export gains
The largest integrated aluminium producer in Southeast Asia, Press Metal Aluminium Holdings Bhd, reported a 65 per cent increase in net profit for Q2 FY2024, driven primarily by higher selling prices and a stronger US dollar, which bolstered export revenues. For the quarter ending June 30, 2024,...
LME aluminium price falls below US$2500/t amid decreased stock after marking two-month high; SHFE gains $6/t
On Wednesday, August 28, three-month LME aluminum contract opened at US$2,543 per tonne, with a high of US$2,548.50 per tonne and a low of US$2,484 per tonne, closing at US$2,484 per tonne, down by US$62.50 per tonne. After experiencing skyrocketing growth over six days by US$226.50 per tonne...
SMM A00 aluminium ingot price contracts by RMB 250/t today, marking a Y-o-Y decline of RMB640/t
On Thursday, August 29, China’s A00 aluminium ingot price has declined by RMB 250 per tonne to settle at RMB 19,550 per tonne, with the average price expected to stand between RMB 19,530 per tonne and RMB 19,570 per tonne. The spot contract price will be traded at a discount price of RMB 110 per...
Q4 aluminium premium offer for Japan rises 8% due to supply constraints in Asia
According to a recent report, Japanese buyers are offered a much higher premium, above $180 per tonne, for the shipment of primary aluminium in the fourth quarter of 2024, ending December 31. The news came after two people directly involved in quarterly pricing talks reported the matter on...
China’s A00 Aluminium ingot price sees uptick today but remains down by RMB 1,230/t compared to three months ago
According to the Shanghai Metals Market (SMM), the price of A00 aluminium ingots has experienced a slight increase after stabilising the previous day. On August 28th, the price has grown by RMB 60 per tonne, reaching RMB 19,800 per tonne. However, the price remains on a downtrend when compared to...
LME aluminium benchmark price gains US$21/t; SHFE price moves down by US$2/t
On Tuesday, LME aluminium opened at US$2,532 per tonne, with a high of US$2,554 per tonne and a low of US$2,502.5 per tonne, closing at US$2,546.5 per tonne, up US$13 per tonne or 0.51 per cent. On Tuesday, August 27, both LME aluminium cash bid price and LME aluminium official settlement price...
China’s A00 aluminium ingot price holds steady at RMB 19,740/t, amid recent alumina price hike by RMB 9/t
According to the Shanghai Metal Market, after several days of no movement, alumina prices have finally surged by RMB 9 per tonne, reaching RMB 3,916 per tonne. In key regions like Henan, Shanxi, Guizhou, and Guangxi, the increase is even higher, with prices up by RMB 10 per tonne. This rise follows...
SHFE price grows W-o-W by US$40/t, arriving at US$2789/t today; LME market is closed for summer bank holiday
On Tuesday, August 27, the SHFE aluminium benchmark price moved up by US$2 per tonne or 0.07 per cent to clock at US$2,789 per tonne. W-o-W, the price has surged by US$40 per tonne or 1.45 per cent from US$2,749 per tonne. The most-traded SHFE aluminium 2410 contract opened at RMB 19,930 per tonne...
