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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LME aluminium benchmark price dips $2.5/t after a substantial growth last day; SHFE price gains $6/t
On Wednesday, August 7, the three-month LME aluminum contract opened at US$2,297.50 per tonne and closed at US$2,273 per tonne, registering a decline of US$28 per tonne or 1.22 per cent. In the intervening period, the price reached a high of US$2,300 per tonne and a low of US$2,247.50 per tonne....
QAMCO reports QR237 million net profit in H1 2024 on the back of stabilised aluminium market
Qatar Aluminium Manufacturing Company Q.P.S.C. (QAMCO), a 50 per cent joint venture partner in Qatar Aluminium Company (Qatalum), reported a net profit of QR237 million for the six-month period ending June 30 th , 2024. The earnings per share (EPS) stood at QR0.042. After a volatile 2023 and early...
China’s A00 aluminium price gains RMB120/t but fails to offset W-o-W decline; Aluminium fluoride price shrinks by RMB200/t
The latest Shanghai Metal Market (SMM) data reveals a mixed scenario in the aluminium market with today’s prices for A00 aluminium ingot. According to the survey, A00 aluminium ingot price has grown after two consecutive days of downfall to stand at RMB 18,870 per tonne, reflecting an increase of...
The latest hike takes LME aluminium price a week higher by $43.5/t; SHFE price grows overnight but down W-o-W by $8/t
The previous trading day, LME aluminium opened at US$2,263.50 per tonne, reached a high of US$2,305 per tonne and a low of US$2,238 per tonne, and closed at US$2,301 per tonne, up US$39 per tonne or 1.72 per cent. The LME aluminium benchmark price registered its first rise of the month on Tuesday,...
China’s A00 aluminium ingot price declines minorly by RMB 80/t; Australian alumina FOB price gains US$5/t
According to the Shanghai Metals Market (SMM) survey, the A00 aluminium ingot price has declined very minorly after two consecutive days of huge downfall to balance a week-on-week downtrend by RMB 150 per tonne from RMB 18,900 per tonne. The price today, 9th August, has dwindled by RMB 80 per...
LME aluminium benchmark price dwindles by US$47.5/t; SHFE price nosedives by US$57/t
The previous trading day, LME aluminium opened at US$2,261 per tonne, reached a high of US$2,283 per tonne, a low of US$2,227 per tonne, and closed at US$2,262 per tonne, down US$1 per tonne, a decrease of 0.04 per cent. On Monday, August 5, both LME aluminium cash bid price and LME aluminium...
Volatility in China’s A00 aluminium market initiated the week with a dip in price by RMB170/t
As of 5th August, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the week with an average price of RMB 18,830 per tonne, down by RMB 170 per tonne from the previous day. The average price is likely to fluctuate between RMB 18,810 per tonne and RMB 18,850 per tonne. The...
LME aluminium price closes the week with a fall of US$14/t; SHFE price grows to US$2677/t
The previous trading day, LME aluminium opened at US$2,279 per tonne, with a high of US$2,304 per tonne and a low of US$2,257 per tonne, and closed at US$2,263 per tonne, down US$10.5 per tonne, a decrease of 0.46 per cent. On Friday, August 2, both LME aluminium cash bid price and LME aluminium...
Upstream Weekly Recap: India grab global highlight with 1.2% growth in aluminium production; Vedanta’s demerger plan receives greenlight
This week, notable developments have surfaced in the upstream aluminium sector, covering bauxite, alumina, and primary aluminium. To begin with, India has secured a significant global position as the second-largest aluminium producer. The rise in aluminium production indicates robust economic...
Analogue Pocket launches new aluminium edition gaming console
Analogue Pocket is a sleek, modern, portable gaming console designed to celebrate and explore the history of playing games. It is releasing a new iteration this month, featuring a body made of CNC-machined aluminium. The premium-aluminium edition handheld gaming console will be offered in four...
China’s A00 aluminium ingot price falls by RMB 170/t with stable bauxite & alumina prices
On Friday August 2, the market for aluminium ingot alloy showcased a notable trend. The market for aluminium ingot experienced a major adjustment across various regions of China. According to the Shanghai Metal Market (SMM), the price of A00 aluminium ingot closed at RMB 19,000 per tonne,...
LME aluminium price loses US$23.5/t amidst weak demand & ample supply; SHFE price slips to US$2643/t
The previous trading day, LME aluminium opened at US$2,311 per tonne, reached a high of US$2,327.5 per tonne and a low of US$2,272.5 per tonne, and closed at US$2,273.5 per tonne, down US$41.5 per tonne, a decrease of 1.79 per cent. Following a growth the previous day , both LME aluminium cash bid...
India’s ADC12 aluminium ingot price declines W-o-W owing to weakening raw material prices
Spot prices of aluminium ADC12 alloy ingots (non-OEM) in Delhi NCR and Chennai fell w-o-w, as per BigMint's latest assessment. In the Delhi-NCR region, ADC12 spot prices were assessed at INR 209,000 per tonne ex-Delhi, aligning with domestic tense scrap prices, which settled at INR 175,000 per...
SMM A00 aluminium ingot price surges by RMB200/t amid China’s market support pledge
As of 1st August, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the month with an average price of RMB 19,170 per tonne. Compared to the previous day, the price has skyrocketed by RMB 200 per tonne after China’s leaders pledged increased support measures to stabilise...
LME aluminium price hikes by US$90.5/t following supportive economic measures from China; SHFE price gains another US$21/t
On July 31, the LME aluminium three-month contract opened at US$2,234.50 per tonne, reached a high of US$2,324.50 per tonne and a low of US$2,229.50 per tonne, and closed at US$2,315 per tonne, up US$77 per tonne or 3.44 per cent. After a month-long relentless decline, LME aluminium cash bid price...
India’s imported aluminium scrap price declines by 4% W-o-W on LME downtrend
India has seen a notable decline in imported aluminium scrap prices w-o-w, attributed to decreased LME aluminium prices. Prices for all grades have fallen by up to 4 per cent this week, leading to market uncertainty and a cautious approach among market participants. Meanwhile, three-month LME...
China’s A00 aluminium ingot price gains RMB70/t, representing a positive market sentiment by month-end
According to the Shanghai Metal Market (SMM), the price of A00 aluminium ingot has witnessed a modest increase after three consecutive dips. China’s A00 aluminium ingot price on July 31st, 2024, registered at RMB 18,970 per tonne, surged by RMB 70 per tonne from the previous trading day, indicating...
Downward trend in LME aluminium price persists, plummeting by US$42/t; SHFE price gains US$21/t
The previous trading day, LME aluminium opened at US$2,249.5 per tonne, hit a high of US$2,253 per tonne and a low of US$2,209.5 per tonne, and closed at US$2,238 per tonne, down US$9 per tonne, or 0.40 per cent. The downward trend in the LME aluminium price since early July continues unabated. As...
