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 plunges by US$81/t; SHFE aluminium price loses US$18/t today
LME aluminium opened at US$2,326 per tonne yesterday, with its high and low at US$2,337.5 per tonne and US$2,287 per tonne, respectively, before closing at US$2,306 per tonne, a decrease of US$19.5 per tonne or 0.84 per cent. On January 3, the London Metal Exchange registered falling aluminium...
SMM alumina spot price continues to move northward, reaching RMB3257/t; A00 aluminium ingot price loses RMB 130/t
The average alumina spot price in China has been following the growth trajectory since December 18, following the fuel blast deposit in Guinea . The explosion had sparked concern about a potential shortage of bauxite, affecting the alumina production in China. This has raised the buying enthusiasm...
India witnesses an upward shift in imported aluminium scrap prices post-holidays
The Indian market for aluminium scrap has seen a notable price increase, attributed mainly to a surge in futures contracts on the London Metal Exchange (LME) after the Christmas and New Year holidays. Despite a rise in transaction volume, particularly from the western region, many sellers remain...
China’s alumina spot price keeps gaining pace; adds RMB56/t today; SMM aluminium price skyrockets RMB1210/t Y-o-Y
China’s alumina spot price has levitated by RMB 56 per tonne to clock at RMB 3,210 per tonne, whereas the alumina price in Guizhou has gained RMB 85 per tonne to close at RMB 3,200 per tonne. In Henan and Guangxi, the alumina spot prices have jumped up the graph by RMB 70 per tonne, stopping at RMB...
LME aluminium price moves up to US$2,336.5/t; SHFE price loses US$21/t
LME aluminium opened at US$2,388.5 per tonne yesterday, with its high and low at US$2,398 per tonne and US$2,316.5 per tonne, respectively, before closing at US$2,325.5 per tonne, a decrease of US$62 per tonne or 2.6 per cent. On Tuesday, January 2, both LME aluminium cash bid price and LME...
Chinese alumina price begins 2024 with a new high since a year standing above RMB3150/t; A00 aluminium ingot price resists growth
China’s average alumina spot price has continued to grow over the New Year weekend to kickstart 2024 at RMB 3,154 per tonne on Tuesday, January 2. According to the Shanghai Metals Market, the price has surged by RMB 35 per tonne since Friday, marking a week-on-week hike of RMB 128 per tonne from...
SHFE aluminium price sheds US$10/t in New Year’s wake; LME market remains closed for Winter Holidays
Today, on January 2, the SHFE price chart has shown deflecting aluminium price trends, with the official SHFE aluminium price halting at US$2,746 per tonne with a loss of US$10 per tonne or 0.36 per cent from US$2,756 per tonne, recorded on December 29. It is safe to say that 2024 has started with...
LME aluminium benchmark price gains US$22/t to US$2,335.50/t; SHFE market is closed for New Year
On Friday, December 29, both LME aluminium cash bid price and LME aluminium official settlement price gained US$21.5 per tonne or 0.92 per cent and US$22 per tonne or 0.95 per cent to settle at US$2,334.50 per tonne and US$2,335.50 per tonne. As per the London Metal Exchange (LME) data, 3-month bid...
Key highlights from the global aluminium industry, December 2023
As we approach the final hours of the year 2023, let us reflect on the key highlights from the aluminium industry this December. At the start of the year, aluminium prices were positioned towards the higher end, but as foreseen in the preceding year, a continual decline ensued. Despite earlier...
Primary weekly recap: WTO dispute panel overrules Turkey negating trade duty imposed on US aluminium and steel; EN+ Group appoints Mikhail Khardikov as CEO
This week, there has been news about the current state of the aluminium industry in China, with some regions facing supply constraints while others are trying to lower prices. The operational rate of the sector declined last week compared to the previous week. The World Trade Organization (WTO)...
LME aluminium price gains pace post-Christmas citing stable growth in 2024’s start, down 1.26% Y-o-Y; SHFE loses 0.14%
LME aluminium opened at US$2,393.5 per tonne yesterday, with its high and low at US$2,394.5 per tonne and US$2,353.5 per tonne, respectively, before closing at US$2,367 per tonne, a decrease of US$28 per tonne or 1.17 per cent. The LME aluminium live price chart , on December 28, witnessed an...
Average alumina spot price in China heightens by RMB47/t to RMB3,119/t; Low carbon aluminium price declines by RMB46/t
On Friday, December 29, the average alumina spot price in China heightened by RMB 47 per tonne to settle at RMB 3,119 per tonne. The alumina prices have been rising recently due to Guinea's fuel depot blast. As per the Shanghai Metals Market (SMM) data, the prices have grown significantly in all...
Japanese aluminium buyers agree to pay $90/t premium for Q1 2024 shipment
Japanese aluminium buyers have reportedly agreed to pay global producers a shipment premium of $90 per tonne over the LME benchmark price for the March quarter of 2024. The news came on December 28 after three sources directly involved in the pricing talks revealed. Compared to the current quarter...
SMM A00 aluminium ingot price surges by 3.82% M-o-M to reach RMB19570/t today; China’s alumina spot price adds RMB28/t
Today, on December 28, the SMM A00 aluminium ingot price has skyrocketed by RMB 290 per tonne to officially close at RMB 19,570 per tonne. The average prices have ranged between RMB 19,550 per tonne and RMB 19,590 per tonne. The SMM aluminium price graph has shown upscale movement after the last...
LME aluminium price hits eight-month high post-Christmas Holiday; SHFE price expands by US$62/t
The London Metal Exchange (LME) aluminium prices significantly surged on Wednesday, December 27, as trade resumed after the Christmas break. Three-month aluminium on the London Metal Exchange (LME) climbed 0.8 per cent to $2,345 per tonne in official open-outcry trading after reaching its highest...
China’s alumina price reaches Y-T-D high at RMB3044/t in the wake of fuel depot blast in Guinea
In the wake of a fuel depot blast in Guinea, a fear of bauxite supply shortage has stirred the Chinese upstream aluminium market, provoking smelters to buy alumina in anticipation of a production cut. As a result, the domestic alumina spot price in China has been on a rising spree since December...
SHFE aluminium price ascends by 0.33% to US$2698/t; LME aluminium market remains closed for Holidays
On December 27, today, the SHFE aluminium price has grown by 0.33 per cent or US$9 per tonne to park at US$2,698 per tonne. Considering the SHFE price on December 27, last year, we may find a Year-on-Year influx of US$19 per tonne or 0.7 per cent from US$2,717 recorded that day. This year, the...
Press Metal’s Q4 2023 earnings to record a double-digit growth, projects Affin Hwang Investment Bank
Affin Hwang Investment Bank Bhd expects Press Metal Aluminium Holdings' Q4 2023 earnings to record a double-digit growth. According to Malaysia’s one of the largest brokerages and asset managers, Press Metal might post a 16.5 per cent earnings growth in the fourth quarter of 2023, driven by...
