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Geopolitical and supply-demand factors intertwined, SHFE and LME aluminium maintain range-bound weak pattern in the short term
08 May 20267MINS
Primary AL
The most-traded SHFE aluminium 2606 contract closed at RMB 24,410 per tonne, up 0.12 per cent. The price was below MA5 (24,513.00) and MA10 (24,692.50), but still above MA30 (24,699.00) and MA60 (24,496.92), with short-term moving averages forming resistance while medium-term support remained inta ...
China’s aluminium overcapacity may become the hidden stabiliser of its renewable power grid
08 May 20267MINS
Primary AL
For more than a decade, the phrase “industrial overcapacity” has been shorthand for possible inefficiency in China’s heavy industries — too many smelters, too much idle infrastructure, too much capital trapped in sectors that Beijing has repeatedly tried to rationalise. Aluminium has often sat at ...

08 May 20264MINS
Primary AL
Century Aluminum entered 2026 with an improved earnings, but beneath the headline numbers, the quarter reflected two contrasting trends - stronger aluminium pricing and asset-sale gains on one side, and operational disruption in Iceland weighing on shipments on the other. The company reported net ...
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