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Aluminium heads for biggest monthly loss since 2008: Here's why
01 Jul 20263MINS
Primary AL
Aluminium is on course for its steepest monthly decline since October 2008 as improving expectations for Middle Eastern supply rapidly unwound the rally triggered by the Iran conflict.The metal has dropped more than 15 per cent so far in June after an interim US-Iran peace deal boosted optimism that shipments from the Middle East would resume with the reopening of the Strait of Hormuz. The development erased gains accumulated over the previous three months, which had been driven by concerns ov ...
Slovalco to restart 75,000 tonnes of curtailed aluminium capacity, supplying a critical raw material for Europe
01 Jul 20263MINS
Primary AL
The aluminium plant Slovalco has reached an agreement with the Slovak government enabling the restart of 75,000 tonnes of primary aluminium production capacity. The agreement with the Slovak government marks an important milestone in resuming full operations at Slovalco after operations were curtailed in 2022 due to high power prices. It establishes the long-term framework conditions necessary for aluminium production, including a robust compensation scheme for indirect carbon costs under the ...

01 Jul 20262MINS
Primary AL
In morning trading, the operating centre of the SHFE aluminium 2606 contract was lower than the same period on the previous trading day. Affected by low aluminium prices, some sellers continued to hold back from selling. Downstream just-in-time procurement demand, combined with bearish sentiment, kept overall market procurement sentiment sluggish. Mainstream transactions were at a premium of RMB 10 per tonne to RMB 20 per tonne against the SHFE aluminium July contract. The east China market sh ...
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