News

China Completes Another Auction Of Primary Aluminium Reserves

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 the third sell-off this year as Beijing attempts to rein in high prices for the metals. On Wednesday bidders had an opportunity...

Events

Alba Opens Jetty Extension At Port Facilities

Aluminium Bahrain B.S.C. (Alba) commissioned the new marine jetty extension at the firm’s port facilities this week. The new jetty will allow ships of a much larger size to be used for importing alumina. The new jetty extension is part of a larger project to increase production at Reduction Line 6, which will double Alba’s […]

Metro Mining Inks Bauxite Offtake Agreement With China’s Xiangsen Aluminium

Australia’s Metro Mining Ltd. Announced yesterday a new offtake agreement with Chinese firm Xiamen Xiangsen Aluminium Limited (Xiangsen Aluminium) for 790 thousand wet metric tons of bauxite in 2021. Metro said in a press release that the agreement was the completion of a prior letter of intent between the two parties for one million wet […]

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 prices reaching highs not seen in over a dozen years. At the Shanghai Futures Exchange, primary aluminium reached US$$3,332 per metric ton, besting August 2008’s previous high. Prices sparked in large part due to fears […]

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 […]