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 moves up by US$7/t; SHFE price opens the week with a growth of US$8/t
LME aluminium opened at US$2,530.5 per tonne in the previous trading day, with its high and low at US$2,572 per tonne and US$2,526 per tonne, respectively, before closing at US$2,551 per tonne, up US 12.5 per tonne or 0.49 per cent. On Friday, May 3, both LME aluminium cash bid price and LME...
Hindalco and Vedanta cut their aluminium selling prices by 1% with effect from May 3
Hindalco Industries Limited and Vedanta Limited have trimmed their aluminium ingot and aluminium product prices, with effect from May 3, 2024, following a plunge on the prior day by US$44.50 per tonne or 1.74 per cent. Hindalco has cut its aluminium ingot price by INR 2,500 per tonne or 1 per cent...
LME aluminium benchmark price contracts by US$44.5/t; SHFE market remains closed for Labour Day Holiday
On Thursday, May 2, both LME aluminium cash bid price and LME aluminium official settlement price contracted by US$45 per tonne or 1.76 per cent and US$44.5 per tonne or 1.74 per cent to settle at US$2,509 per tonne and US$2,510 per tonne. As per the LME data, both 3-month bid price and 3-month...
Key highlights from the global aluminium industry, April 2024
In April 2024, significant developments unfolded in the global aluminium industry, with one standout event taking centre stage: the United States and Britain took decisive action by prohibiting the London Metal Exchange (LME) from accepting new Russian production of aluminium, copper, and nickel....
Century Aluminum records increased shipments but sees net sales dip in Q1 2024
Century Aluminum, a global primary aluminium producer with operations in the United States and Iceland, announced its first quarter results of 2024, which ended March 31. The company’s net sales during the period totalled $489.50 million, down by $22.8 million or 4.45 per cent from $512.3 million...
LME aluminium benchmark price loses 1.2% W-o-W, up US$9.5/t on May 1; SHFE aluminium market remains closed
The London Metal Exchange graph recorded fluctuating prices on May 1 with the LME aluminium cash bid price and the LME aluminium official price settling down at US$2,554 per tonne and US$2,554.50 per tonne having gathered US$9.50 per tonne or 0.37 per cent. The LME aluminium price has seen a...
LME aluminium price moves up to US$2,545/t; SHFE is closed for Labour Day Holiday
On Tuesday, April 30, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$8.5 per tonne or 0.33 per cent to settle at US$2,544.50 per tonne and US$2,545 per tonne. As per the LME price graph , 3-month bid price and 3-month offer price ascended by US$8.5 per...
Will the EU's carbon levy prove ineffective? Wood Mackenzie's study raises doubts, advocates comprehensive approach
According to a recent report from Wood Mackenzie, the European Union's (EU) introduction of a Carbon Border Adjustment Mechanism (CBAM) in the primary aluminium market could have a disproportionate impact on European producers, potentially leading to increased prices for consumers. The report "CBAM...
China’s alumina spot price keeps growing, adds RMB31/t; SMM A00 aluminium ingot price plunges by RMB60/t
China’s average alumina spot price has remained bullish with an addition of RMB 31 per tonne to close at RMB 3,451 per tonne, while the alumina price in Lianyungang has gained RMB 50 per tonne to reach RMB 3,415 per tonne. The alumina prices in Shandong and Shanxi have both scored RMB 40 per tonne...
LME aluminium price loses US$23/t to US$2,536.5/t; SHFE price drops by US$3/t
LME aluminium opened at US$2,567 per tonne in the previous trading day, with its high and low at US$2,595.5 per tonne and US$2,542.5 per tonne, respectively, before closing at US$2,588 per tonne, up US$27.5 per tonne or 1.07 per cent. On Monday, April 29, both LME aluminium cash bid price and LME...
Rusal's 2023 annual report: Production surge counters revenue dip from aluminium sales price decline
Rusal, the world’s second-largest aluminium company by primary aluminium output, has announced its financial and operational results for the full year 2023 ended December 31. The company posted that its primary aluminium production totalled 3.848 million tonnes in 2023, representing a slight growth...
LME benchmark aluminium price discards US$27/t; SHFE aluminium price gains US$21/t
LME aluminium opened at US$2,572.5 per tonne in the previous trading day, with its high and low at US$2,600.5 per tonne and US$2,555.5 per tonne respectively before closing at US$2,560.5 per tonne, down US$10.5 per tonne or 0.41 per cent. The London Metal Exchange graph on April 26, showed a...
China’s alumina spot price maintains the upward trajectory, grows to RMB3420/t; A00 aluminium ingot price gains RMB160/t
On Monday, April 29, the average alumina spot price gained RMB 30 per tonne to settle at RMB 3,420 per tonne. The alumina prices have shown growth in all the provinces, with the highest in Bayuquan, where it has hiked by RMB 70 per tonne to arrive at RMB 3,500 per tonne, followed by an upward...
Primary aluminium weekly: LME’s sanctions on Russian metal might stabilise aluminium price, Alba fires Mitsubishi Power Gas Turbine at its (PS 5) Block 4 Project
From strategic partnerships to regulatory measures, the aluminium industry is navigating a landscape defined by innovation, sustainability, and geopolitical dynamics. The global aluminium sector stands at a crossroads, where innovation, collaboration, and regulatory diligence intersect to shape its...
NALCO’s aluminium ingot price sees a cut of INR5200/t with effect from April 26
In tandem with the LME aluminium price drop from where it began this week, National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices, with effect from Friday, April 26. NALCO has cut its aluminium ingot and aluminium product prices by INR 5,200 per...
China’s alumina spot price maintains upward trajectory, gains RMB28/t; SMM A00 aluminium ingot price surges by 9% Y-o-Y
China’s average alumina spot price has shown bullish trend for the past few days, with it securing RMB 28 per tonne today, to close at RMB 3,390 per tonne. The alumina prices in Guizhou and Guangxi have both risen by RMB 40 per tonne to close at RMB 3,395 per tonne and RMB 3,435 per tonne. The...
LME aluminium benchmark price moves up by US$1/t; SHFE price gains US$20/t
LME aluminium opened at US$2,585 per tonne yesterday, with its high and low at US$2,612 per tonne and US$2,560.5 per tonne, respectively, before closing at US$2,571 per tonne, down US$13 per tonne or 0.5 per cent. On Thursday, April 25, both LME aluminium cash bid price and LME aluminium official...
LME benchmark aluminium price scores 9.8% Y-o-Y amidst global sanctions; SHFE adds US$25/t today
LME aluminium opened at US$2,580 per tonne in the previous trading day, with its high and low at US$2,614.50 per tonne and US$2,563 per tonne respectively before closing at US$2,584 per tonne, up US$8 per tonne or 0.31 per cent. The London Metal Exchange graph registered slow growth in aluminium...
