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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Raw material costs propel India's aluminium ADC12 prices upward W-o-W
The spot prices for Aluminium ADC12 alloy ingots used in automobiles rose by INR 2,000 per tonne W-o-W, reaching INR 204,000 per tonne. This surge is primarily linked to the rise in local tense scrap prices. India's prominent automobile manufacturer, which holds significant influence in setting...
LME aluminium benchmark price negates US$33/t today, up 3.25% M-o-M; SHFE aluminium price adds 0.31%
LME aluminium opened at US$2,225 per tonne on Thursday, with its high and low at US$2,234.5 per tonne and US$2,187.5 per tonne, respectively, before closing at US$2,201 per tonne, down 0.83 per cent. The London Metal Exchange market displayed overall plunges in aluminium prices on February 22, with...
China’s A00 aluminium ingot price hikes by RMB140/t to RMB18,870/t; Alumina price loses RMB2/t
On Friday, February 23, China’s A00 aluminium ingot price gained RMB 140 per tonne to settle at RMB 18,870 per tonne, with the average prices between RMB 18,850 per tonne and RMB 18,890 per tonne. The spot contract price may be traded at a discount price of RMB 40 to a premium price of RMB 0 per...
LME aluminium price rises to a 3-week high on renewed US sanction risks; SHFE price falls by US$27/t
LME aluminium opened at US$2,227 per tonne on Wednesday, with its low and high at US$2,216 per tonne and US$2,269 per tonne respectively before closing at US$2,220.5 per tonne, up 1.23 per cent. On Wednesday, February 21, both LME aluminium cash bid price and LME aluminium official settlement price...
SMM A00 aluminium price dampens by RMB150/t today; Alumina price in Shandong drops RMB5/t
Today, the SMM A00 aluminium ingot price has discarded RMB 150 per tonne to close at RMB 18,730 per tonne, with the average prices ranging between RMB 18,710 per tonne and RMB 18,750 per tonne. The Shanghai Metals Market has shown a major slump in aluminium prices today, with the highest recorded...
Aluminium prices surge amidst speculation of fresh US sanctions on the Russian Metal Industry
In a volatile twist, aluminium prices experienced a surge driven by speculations of impending US sanctions against Russia, potentially targeting the metal industry. The uncertainty surrounding the specific industries to be affected has left investors on edge, with President Joe Biden hinting at a...
China’s A00 aluminium ingot price expands to RMB18,880/t; Low carbon aluminium price gains RMB227/t
On Wednesday, February 21, China’s A00 aluminium ingot price gained RMB 210 per tonne to settle at RMB 18,880 per tonne, with the average prices between RMB 18,860 per tonne and RMB 18,900 per tonne. The spot contract price may be traded at a discount price of RMB 40 to a premium price of RMB 0 per...
LME aluminium price negates US$37.5/t to close at US$2147.5/ t; SHFE aluminium price gains 1.38% mid-week
LME aluminium opened at US$2,195.50 per tonne on Tuesday, with its low and high at US$2,180 per tonne and US$2,236 per tonne respectively before closing at US$2,223.50 per tonne, up 1.21 per cent. The London Metal Exchange market on February 20 showed down pouring traits, wherein the LME aluminium...
China witnessed a substantial uptick in primary aluminium imports in 2023
In 2023, domestic primary aluminium prices continued to surge, driven by a trend of robust internal demand contrasted with relatively weaker external markets. This dynamic opened a window for increased imports of primary aluminium, resulting in a significant uptick in annual import volumes....
SMM A00 aluminium ingot price dives by RMB160/t M-o-M; High purity aluminium price sheds RMB150/t
The Shanghai Metals Market on February 20 has shown deflecting aluminium prices, with the SMM aluminium ingot price being stuck at RMB 18,670 per tonne, down RMB 150 per tonne in one day. The average prices have ranged between RMB 18,650 per tonne and RMB 18,690 per tonne. If we consider the SMM...
LME aluminium benchmark price falls by US$18/t to US$2,185/t; SHFE price descends to US$2,600/t
LME aluminium opened at $2,218 per tonne on Monday, with its high and low at $2,229.5 per tonne and $2,192 per tonne, respectively, before closing at $2,197.5 per tonne, down 0.92 per cent. On Monday, February 19, both LME aluminium cash bid price and LME aluminium official settlement price dropped...
SMM A00 aluminium ingot price registers RMB90/t drop post-CNY Holiday; Low carbon aluminium price contracts by RMB80/t
On Monday, February 19, China’s A00 aluminium ingot price dropped by RMB 90 per tonne to arrive at RMB 18,820 per tonne, with the average prices between RMB 18,800 per tonne and RMB 18,840 per tonne. The spot contract prices may be traded at a premium price of RMB 0 to RMB 40 per tonne. As per the...
LME aluminium price dips by $2/t but stands 1% higher M-o-M; SHFE market resumes after CNY with a 0.5% price fall
LME aluminium opened at US$2,220 per tonne last Friday, with its high and low at US$2,238 per tonne and US$2,214 per tonne, respectively, before closing at US$2,217.35 per tonne, down by US$6.50 per tonne or 0.29 per cent. On Friday, February 16, LME aluminium cash bid price and LME aluminium...
Primary aluminium weekly: Hydro’s adjusted EBITDA for 2023 drops significantly, while Hindalco soars in Q3 FY2024
The Norwegian aluminium giant Hydro faces a 43.88 per cent drop in adjusted EBITDA for 2023, attributed to market challenges. Hindalco reports a robust Q3 FY2024, with a 71 per cent YoY increase in net profit. EGA collaborates with the UAE's AI office to accelerate digitisation in industrial...
Raw material shortage spurs aluminium ADC12 prices hike in India
Spot prices for aluminium ADC12 alloy ingot, equivalent to automotive-grade, experienced a weekly increase of INR 3,500 per tonne, reaching INR 202,000 per tonne ex-works in Delhi, excluding GST. This rise is primarily linked to the escalation in local Tense scrap prices, mainly due to shortages...
LME aluminium market registers mild upswings Mid-February, gains 1.12% W-o-W; SHFE aluminium closed for CNY Holidays
Around mid-February, the LME aluminium price chart seems to be picking up pace, with the LME cash bid price stopping at US$2,204.50 per tonne on the 15th and the LME official settlement price registering a rate of US$2,205 per tonne, both gaining US$11.50 per tonne or 0.52 per cent. If we compare...
Hydro’s adjusted EBITDA for 2023 drops significantly by 43.88% Y-o-Y
Full year 2023 adjusted EBITDA amounted to NOK 22,258 million, compared with NOK 39,664 million in 2022. The decline was primarily due to reduced sales prices for aluminium and alumina, decreased volumes in extrusions and recycling, elevated fixed costs, and diminished proceeds from power sales....
Aluminium Bahrain 2023 financial report: Annual profit registers 71.6% Y-o-Y deflation
Aluminium Bahrain (Alba), a global aluminium-producing giant, faced headwinds in 2023. Despite navigating through volatile LME prices and fluctuating premiums, Alba reported a Q4 profit of BD23.4 million ($62.2 million), a 40.7% Y-o-Y decrease from a profit of BD39.4 million (US$104.9 million) for...
