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Shanghai Aluminium Recedes From Nine-Year High Thanks To Hopes For US Stimulus, COVID-19 Vaccine

Shanghai Aluminium Recedes From Nine-Year High Thanks To Hopes For US Stimulus, COVID-19 Vaccine

Aluminium prices in Shanghai receded from a nine-year high yesterday, propelled to highs thanks to a surge in demand, news of a stimulus package in the United States, and rumors of a vaccine for COVID-19 on the way. On Thursday, January aluminium...

Events

Sources Say China’s Ban On Imported Scrap Aluminium Likely To Gut Alloy Exports

A restriction upon imported aluminium scrap that is scheduled to go into effect next month is expected to raise production costs for secondary aluminium smelters in the People’s Republic of China, which experts say may close the price gap between Chinese aluminium alloy exports and their less competitive rivals abroad. As of July 1, Beijing […]

Chinese Aluminium Smelters Announce Additional 800 Thousand TPA In Production Cuts

Recognizing the damage excess capacity continues to wreak upon the country’s aluminium market, the People’s Republic of China’s top smelters agreed on Friday to ax a minimum of 800 thousand metric tons per annum of smelting capacity in the next several months. An official from the meeting’s host, the China Nonferrous Metals Industry Association (CNIA), […]