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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SMM A00 aluminium ingot price levitates by RMB1080/t M-o-M, down RMB490/t today; Alumina price gains RMB3/t
The Shanghai Metals Market, on April 16, saw a downward trend in aluminium prices, with the SMM A00 aluminium ingot price de-escalating by RMB 490 per tonne to settle at RMB 20,260 per tonne. This can be considered the first dip in a long while, i.e. from April 9, the SMM aluminium price has been...
LME aluminium price soars by US$77.5/t amidst fresh sanctions against Russian metal; SHFE price shrinks by US$61/t
LME aluminum opened at US$2,550 per tonne on April 15, with high and low at US$2,728 per tonne and US$2,535 per tonne, respectively, before closing at US$2,548.50 per tonne, up US$63.50 per tonne or 2.55 per cent. The LME aluminium benchmark price shot up over the weekend, marking a second...
China's aluminium sector witnesses less pour, more productivity
China's primary aluminium industry is pouring less and enjoying it more. Liquid metal transfers increased in the first quarter of 2024. According to our research, the volume of raw metal poured into ingot dropped by about 20 per cent compared to 2023 Q1. That's despite an overall increase in...
LME aluminium benchmark price hikes by US$32.5/t; SHFE price expands by US$43/t following the freshly imposed sanctions
LME aluminium opened at US$2,457.5 per tonne last Friday, with its high and low at US$2,512 per tonne and US$2,454 per tonne, respectively, before closing at US$2,478.5 per tonne, up US$22.5 per tonne or 0.92 per cent. On Friday, April 12, both LME aluminium cash bid price and LME aluminium...
UK and US sanctions on Russian metal propel A00 aluminium ingot prices to weekend surge in China
According to the Shanghai Metals Market data on Monday, April 15, the domestic A00 aluminium ingot price has grown for the fourth consecutive day by RMB 190 per tonne to reach RMB 20,750 per tonne, the highest in more than two years. The average prices are estimated to range between RMB 20,730 per...
Primary aluminium weekly: Bold Baatar assumes CCO role at Rio Tinto amidst strategic transition and global economic uncertainty
Rio Tinto has announced the appointment of Bold Baatar as Chief Commercial Officer, succeeding Alf Barrios, who is set to retire. The Red Sea ship attacks have led to global shipping companies rerouting via the Cape of Good Hope, disrupting European automotive production reliant on Asian imports....
US and UK tighten grip on Russian metal trade
The US and UK have implemented fresh limitations on trading Russian aluminium, copper, and nickel, causing ripples throughout global metal markets, as reported by Bloomberg. New regulations have been imposed, barring the delivery of fresh supplies from Russia to the London Metal Exchange (LME) and...
Japan settles Q2 2024 aluminium shipment premiums at $145-148/t
Japan aluminium premiums for the April-June quarter (Q2 2024) shipments are agreed upon at $145-148 per tonne, reported six sources directly involved in pricing talks. The figures are settled lower than the initial offerings of $145-155 per tonne but record a substantial growth of $61 to 64 per...
LME benchmark aluminium price dives by US$18/t to US$2410.5/t; SHFE adds US$26/t
LME aluminium opened at US$2,463 per tonne in the previous trading day, with its high and low at US$2,482 per tonne and US$2,443 per tonne respectively before closing at US$2,457 per tonne, down US$14 per tonne or 0.57 per cent. The London Metal Exchange graph registered descending prices on April...
China’s A00 aluminium ingot price shots up by RMB1430/t M-o-M; Average alumina spot price drops by RMB28/t M-o-M
China’s A00 aluminium ingot price gains RMB 260 per tonne to settle at RMB 20,560 per tonne, with average prices between RMB 20,540 per tonne and RMB 20,580 per tonne. The spot contract price may be traded at a discount price of RMB 20 per tonne to a premium price of RMB 20 per tonne. On M-o-M...
Base metal prices on LME followed an upward trajectory buoyed by stock outflow
On Monday, April 8th, base metal prices on the London Metal Exchange (LME) followed an upward trajectory, buoyed by optimistic macroeconomic news from the US that exceeded expectations on the preceding Friday. Simultaneously, LME warehouse inventories saw decreases. Three-month futures for...
LME aluminium benchmark price hikes to US$2,428.5/t; SHFE price ascends by US$9/t
LME aluminium opened at US$2,459.5 per tonne in the previous trading day, with its high and low at US$2,494 per tonne and US$2,437 per tonne, respectively, before closing at US$2,471 per tonne, an increase of US$12.5 per tonne or 0.51 per cent. On Wednesday, April 10, both LME aluminium cash bid...
Aluminium surges to 14-month high amidst strong market sentiment
On Wednesday, aluminium prices surged to their highest levels in 14 months, alongside other industrial metals reaching new peaks. Investors flooded into the sector, driven by optimism surrounding the global economy. As per the data from MarketScreener, the benchmark three-month aluminium on the...
SMM A00 auminium ingot price levitates by RMB1210/t M-o-M; High purity aluminium price gains RMB100/t
Today, the Shanghai Metals Market has seen an uptrend in aluminium prices, with the SMM A00 aluminium ingot price halting at RMB 20,300 per tonne, augmenting by RMB 120 per tonne. On a Month-on-Month scale, there has been an increase of RMB 1,210 per tonne or 6.34 per cent from RMB 19,090 per tonne...
Vedanta continues to increase its aluminium selling prices since the beginning of April; prices mark a 6% surge
Anil Agarwal-led Vedanta Limited, an Indian multinational mining company headquartered in Mumbai, published a fresh list of its aluminium selling prices, including aluminium billet and wire rod. Compared to the prices of the previous week, April 5, Vedanta’s aluminium prices rose by INR 1,750 per...
SMM A00 aluminium ingot price surges by 8.37% Y-o-Y; Low carbon aluminium price gains RMB128/t
On Wednesday, April 10, China’s A00 aluminium ingot price has gained RMB 120 per tonne to settle at RMB 20,180 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. As per the SMM data, the domestic aluminium ingot prices have been on a...
China's aluminium market shows strength
China's aluminium prices hit RMB20,000/t on Monday. The main index price reached RMB20,200/t, while the spot price also crept over the line, achieving RMB20,100/t. The spot eased slightly today, but the main index price found more energy. External factors have achieved this level. The internal...
SMM A00 aluminium ingot price gathers RMB1600/t Y-o-Y to reach RMB20060/t; Aluminium alloy prices fall RMB50/t
The Shanghai Metals Market has witnessed slight fluctuations in aluminium prices today, with the SMM A00 aluminium ingot price discarding RMB 50 per tonne to close at RMB 20,060 per tonne. On a Year-on-Year scale, there has been an 8.67 per cent or RMB 1600 per tonne hike from RMB 18,460 per tonne...
