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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Focus China: Navigating price drop & demand challenges
The first half of 2024 witnessed significant developments in the Chinese aluminium industry, reflecting a blend of challenges, strategic shifts and growth. As a result, China's economic condition also witnessed significant changes during the H1 2024, owing to reasons like the demand production gap,...
China's A00 Aluminium ingot price marks M-O-M decline of RMB 1090/t amid steady raw material costs
According to the Shanghai Metal Market (SMM) survey, China's A00 aluminium ingot price has experienced a slight decrease of RMB 40 per tonne on Wednesday, August 14, following a restraint on the previous day, settling at RMB 18,950 per tonne. This has resulted in a sharp month-on-month fall of RMB...
LME aluminium benchmark price loses US$11.5/t; SHFE price moves down to US$2,650/t
On Tuesday, LME 3M aluminium opened at US$2,306.5 per tonne, hitting a high of US$2,340 per tonne and a low of US$2,290 per tonne, and closed at US$2,326 per tonne, up US$17 per tonne or 0.74 per cent. On Tuesday, August 13, both LME aluminium cash bid price and LME aluminium official settlement...
Indian Railways cancels aluminium-bodied Vande Bharat train tender over pricing issues
Indian Railways has cancelled its INR 30,000-crore tender for the production and upkeep of 100 aluminium-bodied Vande Bharat trains, according to Olivier Loison, Managing Director of Alstom India, stated to one of India's No. 1 financial and business portals. Indian Railways is the fourth largest...
China’s aluminium output reaches another new high in July 2024, with ingot production improving 6.4%
China’s domestic aluminium production in July 2024 reached a new high, recording a 3.22 per cent increase year-on-year and a 3.66 per cent rise month-on-month, attributed to full production resumption at Yunnan smelters and new capacity commencement in Inner Mongolia. According to the Shanghai...
No movement in China’s A00 aluminium ingot price, but aluminium alloy prices move up by RMB100/t
For the first time in five months, as of 13 th August, A00 aluminum ingot price on the Shanghai Metals Market (SMM) has remained entirely unchanged, marking a significant pause in the usual daily movements. The last time this stabilisation occurred was on March 19, 2024. The current average price...
LME aluminium benchmark price moves up to US$2,268/t; SHFE price drops by US$13/t
On Monday, LME aluminium opened at US$2,299 per tonne, with a high of US$2,331.5 per tonne, a low of US$2,297 per tonne, and closed at US$2,309 per tonne, up US$14 per tonne, or 0.61 per cent. Following a surge of US$58.5 per tonne on Friday, August 9, both LME aluminium cash bid price and LME...
NALCO records strong Q1 profit growth, revenue dips 10%
The Indian State-owned integrated aluminium company NALCO has reported a substantial 76 per cent increase in its first-quarter (APR-JUN FY25) profit, reflecting the impact of higher aluminium prices and reduced costs. For the quarter ending June 30, the state-owned firm's consolidated profit surged...
Century Aluminum’s net sales in Q2 recorded over 14% rise as robust LME prices offset lower shipments
Century Aluminum Company, a US-based producer of primary aluminium, announced its second quarter 2024 results, revealing net sales of $560.8 million, up 14.57 per cent sequentially from $489.5 million, despite lower shipments. The higher average aluminium price, ranging above US$2,500 per tonne in...
China’s A00 aluminium ingot price decreases by RMB20/t, reflecting the fluctuating market trend
According to the Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price on August 12 has decreased by RMB 20 per tonne from the previous day, settling at RMB 18,990 per tonne. This price shift marks a slight decline from the previous trading session, highlighting a fluctuating price...
LME aluminium price closes the week with a surge of US$58.5/t; SHFE price gains US$33/t
LME aluminium opened at US$2,280 per tonne last Friday, reaching a high of US$2,329.5 per tonne and a low of US$2,280 per tonne. It closed at US$2,295 per tonne, up US$11 per tonne, an increase of 0.48 per cent. On Friday, August 9, both LME aluminium cash bid price and LME aluminium official...
Upstream Weekly Recap: Vedanta reports 37% rise in net profit for Q1 FY2025 as well as appoints Ravi Paliwal as the new CEO of Ash Management
Aluminium is an essential component of the global economy, and this week, the upstream sector witnessed some significant events. Top events like LME aluminium registered its first rise of the month on Tuesday, August 6, following two consecutive days of downfall by a total of US$61.50 per tonne....
India’ADC12 aluminium ingot price declines m-o-m amid weakening scrap market
Aluminium ADC12 prices were recorded at INR 219,000 per tonne ex Delhi, a decrease of INR 2,000 per tonne m-o-m, as per BigMint assessment. In Chennai, prices were recorded at INR 218,000 per tonne, a drop of INR 1,000 per tonne m-o-m. However, bids are INR 3,000-4,000 per tonne lower. Better...
MISUMI Group's meviy platform announces 30% price reduction on CNC milling aluminium products
On its cutting-edge parts procurement platform, meviy, MISUMI Group Inc. has announced a 30 per cent discount on its CNC milling aluminium products as part of a strategic move to enhance customer value. This price reduction is effective immediately and underscores the company's commitment to...
SMM A00 aluminium ingot price closes the week with a surge of RMB230/t; Low carbon aluminium price gains RMB232/t
On Friday, August 9, China’s A00 aluminium ingot price surged by RMB 230 per tonne to settle at RMB 19,010 per tonne. The average price ranged between RMB 18,990 per tonne and RMB 19,030 per tonne. The spot contract price may be traded at a discount of RMB 70 to RMB 30 per tonne. As per the SMM...
LME aluminium benchmark price moves up by US$2/t; SHFE price adds US$3/t
The previous trading day, LME aluminium opened at US$2,272 per tonne, hit a high of US$2,285 per tonne and a low of US$2,256 per tonne, and closed at US$2,284 per tonne, up US$11 per tonne, or 0.48 per cent. On Thursday, August 8, both LME aluminium cash bid price and LME aluminium official...
India’s imported aluminium scrap prices fall by upto 1.6% amidst stable LME prices
India has experienced a drop in imported aluminium scrap prices week-on-week, influenced by stable LME prices. This week, prices for all grades have decreased by up to 1.6 per cent, creating market uncertainty and prompting a cautious stance among participants. Three-month LME aluminium prices...
SMM aluminium ingot price marks a W-o-W fall of RMB390/t with a decline of RMB90/t on Aug 8
According to Shanghai Metals Market (SMM) survey, as of August 8, the SMM A00 aluminium ingot price has descended by RMB 90 per tonne to officially close at RMB 18,780 per tonne, with the average prices ranging between RMB 18,760 per tonne and RMB 18,800 per tonne. The spot contract is likely to be...
