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 average alumina spot price expands by RMB28/t; A00 aluminium ingot price surge by RMB200/t
On Thursday, April 25, China's average alumina spot price experienced a significant increase, soaring by US$28 per tonne to settle at RMB 3,362 per tonne. This was followed by a surge of RMB 40 per tonne in Bayuquan, reaching RMB 3,400 per tonne. This upward trend is noteworthy, as it marks a M-o-M...
India’s imported aluminium scrap prices experience weekly gains owing to upward trend in LME prices
This week, India's imported aluminium scrap market saw a notable uptick, buoyed by the positive trajectory of LME futures prices, which surged by $50 per tonne week-over-week (W-o-W) to hit $2600 per tonne. As of the latest report, the three-month LME price stood at approximately $2,600 per tonne,...
China’s alumina price surges by RMB23/t; SMM A00 aluminium ingot price slumps by RMB160/t
China’s average alumina spot price has augmented by RMB 23 per tonne to officially close at RMB 3,334 per tonne, while the alumina price in Henan, Shandong and Shanxi have all increased by RMB 30 per tonne to close at RMB 3,355 per tonne and RMB 3,310 per tonne, respectively. The alumina price in...
LME aluminium benchmark price dwindles by US$69/t; SHFE price drops to US$2,780/t
LME aluminium opened at US$2,661.5 per tonne yesterday, with its high and low at US$2,669.5 per tonne and US$2,562.5 per tonne, respectively, before closing at US$2,576 per tonne, down US$82 per tonne or 3.09 per cent. On Tuesday, April 23, both LME aluminium cash bid price and LME aluminium...
LME benchmark aluminium price skips 18.14% upward M-o-M; SHFE loses US$35/t today
The London Metal Exchange graph registered growth in aluminium prices on April 22, with the LME aluminium cash bid and the LME aluminium official price gaining US$8 per tonne or 0.3 per cent and US$8.50 per tonne or 0.32 per cent to close at US$2,653 per tonne and US$2,654 per tonne, respectively....
China’s A00 aluminium ingot price dwindles by RMB420/t to RMB20,270/t; Alumina price gains RMB3/t
On Tuesday, April 23, China’s A00 aluminium ingot price dwindled by RMB 420 per tonne to settle at RMB 20,270 per tonne. The spot contract price is expected to be traded at a discount of RMB 70 to RMB 30 per tonne. As per the SMM data, the prices in Foshan and Gongyi have contracted by RMB 430 per...
SMM A00 aluminium ingot price levitates by RM1390/t M-o-M; China’s alumina price expands to RMB3308/t
The Shanghai Metals Market on April 22 has shown a decent spike in aluminium prices, with the SMM A00 aluminium ingot price halting at RMB 20,690 per tonne after an increase of RMB 350 per tonne. On a Month-on-Month scale there can be seen a massive augmentation of RMB 1,390 per tonne or 7.2 per...
LME aluminium price sets for 6th weekly gain; SHFE price grows to US$2,845/t
LME aluminium opened at US$2,610 per tonne in the previous trading day, with its high and low at US$2,684 per tonne and US$2,608.5 per tonne, respectively, before closing at US$2,660.5 per tonne, up US$50.5 per tonne or 1.93 per cent. On Friday, April 19, most non-ferrous metals, notably the LME...
Concerns over Russian metal supply augment LME aluminium prices; SHFE ascends by US$20/t
LME aluminium opened at US$2,570 per tonne in the previous trading day, with its high and low at US$2,620 per tonne and US$2,561.50 per tonne respectively before closing at US$2,610 per tonne, up US$23 per tonne or 0.89 per cent. The London Metal Exchange graph registered ascending prices on April...
China’s A00 aluminium ingot price reflects M-o-M growth of 5.6%; Low carbon aluminium price gains RMB111/t
On Friday, April 19, China’s A00 aluminium ingot price gained RMB 120 per tonne to clock at RMB 20,340 per tonne, with the spot contract price expected to be traded at a discount price of RMB 80 per tonne to RMB 40 per tonne. The domestic aluminium ingot price shot up by RMB 1090 per tonne or 5.66...
China’s A00 aluminium ingot price grows to RMB20,220/t; Low carbon aluminium price surge by RMB80/t
On Thursday, April 18, China’s A00 aluminium ingot price ascended by US$60 per tonne to clock at US$20,220 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. The average prices may orbit between RMB 20,200 per tonne and RMB 20,240 per...
Sanctions on Russian metal continue to drive LME aluminium prices; SHFE price gains US$5/t
LME aluminium opened at US$2,550 per tonne in the previous trading day, with its high and low at US$2,597 per tonne and US$2,549 per tonne, respectively, before closing at US$2,570 per tonne, up US$10.5 per tonne or 0.41 per cent. LME aluminium prices witnessed a notable growth yesterday, propelled...
Alumina spot price in China rises by RMB8/t over past week; A00 aluminium ingot price is down by RMB20/t
On Wednesday, April 17, the average alumina spot price in China has recorded an increase of RMB 3 per tonne to reach RMB 3,305 per tonne, marking the third consecutive day of rise, showed the Shanghai Metals Market data. On a week-on-week basis, the average alumina price has edged a hike of RMB 8...
LME aluminium benchmark price drops to US$2,512/t; SHFE price descends by US$19/t
LME aluminium opened at US$2,555 per tonne in the previous trading day, with its high and low at US$2,569 per tonne and US$2,517 per tonne, respectively, before closing at US$2,559.5 per tonne, up US$11 per tonne or 0.43 per cent. On Tuesday, April 16, both LME aluminium cash bid price and LME...
“Every restriction on the purchase of RUSAL's low-carbon products drives our industry towards higher prices, threatening jobs and punishing families struggling with the ever-increasing cost of living,” Chairman of the En+ Board of Directors
Christopher Bancroft Burnham, formerly the Company’s Senior Independent Director and former Undersecretary General of the United Nations, was appointed Chairman of the En+ Board of Directors in March 2022. Burnham is the Chairman and Chief Executive Officer of Cambridge Global Capital, LLC,...
LME bans Russian aluminium produced on or after April 13
The London Metal Exchange (LME) announced it would rule out stocking Russian aluminium produced on or after April 13 in its warehouses in accordance with the latest sanctions packages instigated by the US and British governments. The sanctions are designed to restrict Russian aluminium, copper, and...
Alcoa sees bullish momentum with 3% jump following Russian metal sanctions
On April 15, the stock price of aluminium giant Alcoa soared by over 3 per cent, buoyed by a surge in aluminium prices. The uptick followed a joint announcement from the US and UK regarding fresh sanctions targeting Russian metals to keep Moscow under pressure for the Ukraine-Russia geopolitical...
March 2024: China’s primary aluminium production grows 7.4% Y-o-Y endorsed by price rally and higher profit margins
According to data revealed by the National Bureau of Statistics (NBS), China's primary aluminium production rose 7.4 per cent Y-o-Y in March 2024 to reach 3.59 million tonnes. Output increased over the year due to boosted industry profits driven by higher metal prices because of revived demand....
