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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Glencore funnels Russian-origin aluminium resulting in LME warehouse accumulation: Sources say
In a recent survey, it was established that commodity trader Glencore made significant deliveries of Russian-origin aluminium to London Metal Exchange (LME) registered warehouses in Gwangyang, South Korea. These deliveries shed light on the challenges faced by Rusal, the world's largest aluminium...
India's imported aluminium scrap prices maintain resilience despite a slight dip in LME prices
Imported aluminium scrap prices in the Indian market have held steady at supportive levels despite a slight dip in LME (London Metal Exchange) prices. The three-month LME price hovered around $2,250 per tonne, marking a marginal decrease of $15 per tonne week-on-week. Stock levels were recorded at...
Vedanta revises its aluminium prices twice in three days; finally trims the ingot price by INR1750/t
Vedanta Limited has revised its aluminium prices twice in only three days this week. On Tuesday, March 19, 2024, Vedanta increased its aluminium selling prices in line with the LME aluminium price growth on the two previous days, and on March 20, it cut the prices in response to the LME price...
SMM A00 aluminium ingot price collects RMB90/t W-o-W; Alumina price in Shanxi negates RMB20/t
The Shanghai Metals Market has been on the lower side today, with the A00 aluminium ingot price arriving at RMB 19,240 per tonne, a slight decrease of RMB 10 per tonne. If we consider the price recorded on March 13, there can be seen an escalation of RMB 90 per tonne, or 0.47 per cent, from the RMB...
LME aluminium benchmark price falls by US$22/t to US$2,202.5/t; SHFE price decreases by US$7/t
LME aluminium opened at $2,276.5 per tonne yesterday, with its high and low at US$2,279 per tonne and US$2,248 per tonne, respectively, before closing at US$2,269 per tonne, down US$7.5 per tonne or 0.33 per cent. On Tuesday, March 19, the LME aluminium cash bid price and LME aluminium official...
LME benchmark aluminium price gains US$6/t today, down 0.34% Y-o-Y; SHFE gathers 2.33% M-o-M
LME aluminium opened at US$2,272.50 per tonne yesterday, with its high and low at US$2,294 per tonne and US$2,261 per tonne respectively before closing at US$2,276.5 per tonne, down US$0.50 per tonne or 0.02 per cent. The LME aluminium official price chart on March 18 flashed a slight increase in...
SMM A00 aluminium ingot remains stoic at RMB 19,250/t; Low carbon aluminium price loses RMB5/t
On Tuesday, March 19, China’s A00 aluminium ingot price remained unchanged at RMB 19,250 per tonne, with the average prices between RMB 19,230 per tonne and RMB 19,270 per tonne. The spot contract price also remained unaltered at a discount price of RMB 70 to RMB 30 per tonne. The domestic...
SMM A00 aluminium ingot price gathers RMB160/t W-o-W reaching RMB19250/t; High purity aluminium price adds RMB100/t
The SMM aluminium market has witnessed an increase in prices today, with the SMM A00 aluminium ingot price soaring by RMB 70 per tonne to rest at RMB 19,250 per tonne, with the average prices ranging between RMB 19,230 per tonne and RMB 19,270 per tonne. This week’s start seems optimistic in...
China’s combined primary aluminium production during Jan-Feb 2024 grows 5.5% Y-o-Y: NBS
According to the National Bureau of Statistics (NBS), China’s primary aluminium production during January-February 2024 amounted to 7.1 million tonnes, up 5.5 per cent from the same period of the previous year. Although the combined data for two months reflect a year-on-year increase, output fell...
LME aluminium benchmark price hikes to US$2,218.5/t; SHFE price grows by US$18/t
LME aluminium opened at US$2,245 per tonne last Friday, with its high and low at US$2281.5 per tonne and US$2245 per tonne, respectively, before closing at US$2,277 per tonne, up US$21 per tonne or 0.93 per cent. On Friday, March 15, both LME aluminium cash bid price and LME aluminium official...
Hindalco Industries cuts its aluminium selling prices in response to LME aluminium price fall
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices on Thursday, March 15, in line with the LME aluminium price drop. Like other Indian aluminium companies, Hindalco links its aluminium prices to the three-month futures of aluminium on the London Metal...
Rusal announces financial results for the year ended December 31, 2023
Rusal, the Russian aluminium giant and one of the leading aluminium producers in the world (ex-China), has unveiled its financial results for the year ended December 31, 2023. The key highlights In 2023, global economic uncertainty continued, putting pressure on the demand for aluminium ....
SMM A00 aluminium ingot price falls by RMB80/t; Average alumina spot price slumps by RMB4/t
On Friday, March 15, China’s A00 aluminium ingot price slumped by RMB 80 per tonne to settle at RMB 19,180 per tonne, with the spot contract price expected to be traded at a premium price of RMB 10 to RMB 50 per tonne. The average prices may orbit between RMB 19,160 per tonne and RMB 19,200 per...
LME aluminium benchmark price slumps by USS$19/t but still stands M-o-M higher
LME aluminum opened at US$2,261 per tonne on Thursday, March 14, with high and low at US$2272.50 per tonne and US$2244.50 per tonne, respectively, before closing at US$2,256 per tonne, down US$6.50 per tonne or 0.29 per cent. LME aluminium cash bid price and LME aluminium official settlement price...
Local tense scrap shortages propel Aluminium ADC12 prices upward in India
Spot prices for Aluminium ADC12 alloy ingots (automobile equivalent grade) surged by INR 2,000 per ton to reach INR 207,000 per tonne week-on-week, excluding GST, in ex-works Delhi. This uptick was driven by a notable increase in local tense scrap prices across north and south India, where...
China’s alumina spot price drops for the fourth day in a row, causing no hindrance to A00 aluminium ingot price growth
According to the Shanghai Metals Market survey, China’s average alumina spot price has dipped by RMB 1 per tonne on Thursday, March 14, marking the fourth consecutive day of fall. Thus, the price stands at RMB 3,321 per tonne, down by RMB 11 per tonne or 0.33 per cent week-on-week compared to RMB...
LME aluminium benchmark price moves up by US$10.5/t to US$2,224/t; SHFE price gains US$12/t
LME aluminium opened at US$2,261 per tonne on Wednesday, with its high and low at US$2,274.5 per tonne and US$2,254 per tonne, respectively, before closing at US$2,262.5 per tonne, down US$0.5 per tonne or 0.02 per cent. On Wednesday, March 13, both LME aluminium cash bid price and LME aluminium...
India's imported aluminium scrap prices continue to rise
The imported aluminium scrap prices in the Indian market are experiencing an upward trend, which is attributed to several factors. These include the notable increase in aluminium LME (London Metal Exchange) levels, a scarcity of material both domestically and globally, and rising freight rates. The...
