Thailand has opened a new anti-dumping exporter review covering Chinese aluminium extrusions, with a provisional 21.94 per cent cash deposit rate set for the applicant. Thailand's Department of Foreign Trade has initiated a new exporter review covering aluminium extrusions from China, adding...
Canadian Prime Minister Mark Carney has indicated Ottawa’s readiness to resume Canada-US trade talks and reach a deal with President Donald Trump, as the tariff debate continues to pressure deeply integrated supply chains. Tariff uncertainty could also pressure aluminium trade, costs, aluminium...
Grow with
AL Circle
The soaring price premiums for aluminium on the physical market in the United States are believed to benefit Novelis, the US subsidiary of Mr Kumar Mangalam Birla-led Hindalco Industries. A Reuters report on March 5 highlighted that aluminium premium prices in the US physical market surged to a...
Donald Trump's 25 per cent tariff on imported aluminium and steel, set to take effect on March 12, has left many domestic industries worried about rising prices and declining orders. As a result, India's small engineering goods exporters have called on the government to lower import tariffs on...
Today, the most-traded SHFE aluminium 2504 contract opened at RMB 20,600 per tonne, with a high of RMB 20,660 per tonne and a low of RMB 20,560 per tonne, closing at RMB 20,620 per tonne, up 0.22 per cent. The trading volume was 77,000 lots, and the open interest was 183,000 lots. SMM Comments: The...
From the early-mid month of February 2025, Australia has been actively seeking an exemption from the United States' 25 per cent tariffs on aluminium and steel, claiming the country's contribution to the US domestic market trade surplus as a key justification for securing an exemption. During this...
This week has been highly eventful for the upstream aluminium industry, especially the primary aluminium sector, which has dominated the headlines. The industry is going through a rough time with news of sanctions and tariffs hitting the market. To begin with, the voice of the entire aluminium...
India is walking a razor’s edge. On one side, the promise of a Free Trade Agreement (FTA) with the European Union (EU) — a gateway to stronger economic ties. On the other, the looming shadow of the Carbon Border Adjustment Mechanism (CBAM) — the EU’s carbon tariff that threatens to squeeze India’s...
This week, stocks of three Indian aluminium giants, Hindalco, NALCO and Vedanta, have slid downwards for two consecutive sessions. On February 25, shares of Nalco fell 10 per cent in two single-day trading sessions, whereas Vedanta and Hindalco lost 5 per cent to 7 per cent, respectively. Other...
Donald Trump's 25 per cent tariff on imported aluminium and steel has left many domestic industries worried about price hikes of end products, including the food retail industry, as it is one of the largest consumers of these metals, relying heavily on imports. The local and small companies of soft...
Alcoa, a global aluminium production entity with major smelters in Canada, Australia, and Iceland, among other locations, has expressed concerning statements that over 100,000 employment losses can be anticipated owing to the proposed implementation of US aluminium and steel tariffs of flat 25 per...
India and the UK have resumed negotiations for a free-trade agreement (FTA) after an eight-month break on Monday, February 24, with the two sides of the table focussing on a triple hike in bilateral trade with a ‘mutually beneficial and forward-looking’ deal by going past tariff and non-tariff...
Last week, President Trump signed a proclamation strengthening existing Section 232 aluminium tariffs that he originally implemented in 2018 on national security grounds. There’s a lot to like and a lot we support in the president’s action. Though – and this is critical – for our industry’s growth,...
Recently, the Internal Market Protection Department of the Eurasian Economic Commission announced the final ruling on the anti-dumping investigation of Chinese aluminium foil. It determined that the products involved were dumped and caused damage, recommending the imposition of anti-dumping duties...
A Global Trade Research Initiative’s (GTRI’s) flagship report on Friday has put the spotlight on a plethora of possibilities for the Indian Government to tackle US President Donald Trump’s reciprocal tariffs that can potentially hit the Indian trade setup hard enough. One of which has pulled many...
Futures market: Yesterday, the SHFE aluminium 2504 contract opened at RMB 20,735 per tonne, reached a high of RMB 20,750 per tonne, a low of RMB 20,630 per tonne, and closed at RMB 20,735 per tonne, up RMB 100 per tonne or 0.48 per cent from the previous day. LME aluminium opened at USD 2,645 per...
The past week has been all about the dynamic shift driven by rising domestic prices, US tariff policies, and fluctuating supply-demand dynamics in the global aluminium market. According to various news platforms, Chinese aluminium spot prices have hiked to RMB 20,524 per tonne (USD 2,862 per tonne)...
Japan has officially requested an exemption from US President Donald Trump’s proposed 25 per cent tariffs on steel and aluminium, as well as other reciprocal tariffs, according to a report from Tokyo-based Kyodo News. Meanwhile, Vietnam is prepared to engage with the United States to discuss the...
The aluminium industry has been under the radar ever since Donald Trump imposed tariffs on Canada, Mexico, and China. However the latest update has sent another shockwave amongst the industry. In a controversial move, U.S. President Donald Trump has announced a 25 per cent tariff on all steel and...
On February 10 local time, US President Donald Trump signed an executive order announcing a 25 per cent tariff on all aluminium and steel imports to the US. Trump also stated on the same day that the policy would have ‘no exceptions or exemptions’ and that tariffs on automobiles, chips, and...
