Price, Not Shortages, Will Determine Chalco’s Desire To Import Alumina
Despite shortages in the country’s northern reaches, the Aluminum Corp of China Ltd (Chalco) is not planning to increase imports...
China alumina
China Alumina and Aluminium Production Up In April
Recent figures from the Shanghai Metals Market (SMM) show a slight rebound in China’s aluminium market. The country posted production figures of 5.65 million tonnes of alumina in April, which correspond to daily output of 179,800 tonnes, a 2.62% increase month-on-month. Total...
Shanghai Aluminium Futures Break CNY14,000/Tonne Barrier For First Time Since Halloween
Spurred on by a drop in inventories and an expected surge in demand, aluminium futures rose at the Shanghai Futures...
Still Well Above 2017 Totals, China’s December Imports Of Alumina Fell By 37.9 Percent On The Month
Though still up significantly over last year’s total, December saw a respectable drop off in exports of alumina from the...
Events
China’s Alumina Exports Fall By 37.9 Percent In November
Exports of alumina receded significantly in the year’s penultimate month, dropping by 37.9 percent to 285,696 metric tons in November. According to numbers released by China’s General Administration of Customs on Sunday, exports of aluminium’s precursor took a nosedive last month, down from record highs in October. The year’s tenth month witnessed 460,072 metric tons […]
China’s Alumina Exports In October Shatter Previous Records
Alumina issuing from refiners in the People’s Republic of China reached four-year highs in October thanks to a global market for the aluminium precursor that has been racked with upheaval and shortage for months. Per numbers issued by the General Administration of Customs on Friday, last month saw Chinese refiners ship 460,072 metric tons of […]
Shanghai Futures Exchange To Release Draft Proposal For Alumina Futures Contract Within Months
Owing to a demand from traders for a benchmark for alumina pricing, The Shanghai Futures Exchange (ShFE) is planning to release a draft of an alumina futures contract by early next year. “We believe that by the end of this year or by the beginning of next year we will release a draft for discussion […]
Alumina Shortages Prompt Ever-Greater Shipments From Chinese Refineries
Thanks to significant and ongoing turmoil in the global aluminium market, refiners of alumina in the People’s Republic of China have again been coaxed into selling their wares at large volumes on the international market. According to numbers from CRU, a favorable price arbitrage prompted Chinese refiners to sign contracts to ship over 140 thousand […]
Quartet Of NE China Cities Announce Cancellation Of Alumina Projects
Only days after the announcement by one northeastern Chinese city’s announcement that it would not go forward with what was planned to be the biggest alumina refinery on Earth, four more cities in the province announced that their own plans for alumina operations met their end on the chopping block as well. On Monday, wire […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
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 ...
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 ...
