Beijing Promises Swift Action Against Speculators Suspected Of Spiking Aluminium Prices
Market regulators in Beijing said earlier this week that aluminium and other commodities suppliers should “reasonably” price their sales, and...
China
Yunnan Regulators Order Further Aluminium Output Cuts As Winter Approaches
Regulators in Yunnan province have warned aluminium producers powered by hydropower sources to keep average monthly outputs at August levels for the remainder of the year. A document from the Yunnan Development and Reform Commission obtained by Reuters ordered the cuts, which...
China Completes Another Auction Of Primary Aluminium Reserves
The People’s Republic of China recently completed an auction of state-owned reserves of aluminium and other metals. The auction marks...
Aluminium Price Spike At Shanghai Exchange Prompts CNIA Meeting
Citing an “irrational surge” in aluminium prices, the China Nonferrous Metals Industry Association (CNIA) met earlier this week to discuss...
Events
Chalco’s Strong Bottom Line In 2021’s First Half Due To Aluminium Price Recovery
Aluminum Corp of China Ltd (Chalco) turned in its best half year profit in fourteen years last week even after Beijing’s mandatory cuts on aluminium outputs. For the first six months of 2021 Chalco reported a net income of 3.075 billion yuan, better by over 8,000 percent on the year. Meanwhile, revenue grew in the […]
Chinese Government To Auction 70 Thousand Metric Tons Of Primary Aluminium This Week
The Chinese government is planning to auction more aluminium from its national reserves next month in an effort at bringing prices for the metal back down to Earth. Per domestic media, the National Food and Strategic Reserves Administration (NFSRA) is planning to auction 70 thousand metric tons of primary aluminium along with 50 thousand metric […]
Guangxi Power Cuts Could Shutter Up To Half A Million MTPA Of Aluminium Smelting Capacity By Weekend
Up to half a million metric tons per annum of aluminium smelting capacity in Guangxi may be temporarily shuttered after the local power provider warned aluminium smelters in the region that it would soon begin rationing electricity to those plants. Guangxi Power Grid Corp said on Saturday that local aluminium smelters would be tasked with […]
China To Release Up To 900 MMT Of Primary Aluminium In Coming Months: CRU
An expert on the metals market in the People’s Republic of China advised its clients that the Middle Kingdom is preparing to release hundreds of thousands of metric tons of raw aluminium in an effort at depressing the market for the metal. According to CRU, China’s National Food and Strategic Reserves Administration could release between […]
Metro Mining Inks Three Years Of Bauxite Offtake Agreements With Xinfa Group
Australia’s Metro Mining Ltd. announced this week that it has signed two new binding offtake agreements with the People’s Republic of China’s Xinfa Group. Per the firm, the first contract is for the delivery of 1 million dry metric tons (DMT) of bauxite ore at a fixed price CIF basis. The contract’s term is April […]
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
