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...
CRU
China’s July Aluminium Smelting Total Of 2.9 Million Metric Tons Equals Second-Highest On Record
Aluminium smelters in the People’s Republic of China combined to produce 2.98 million metric tons of primary aluminium, representing the second-highest total tonnage reported by Beijing since the state began keeping records. July’s total surpassed that of June by 0.2 percent. Though...
CRU Alumina Price Index Passes Benchmark Assurance Review
London commodities consultant CRU Group announced last week that the CRU Alumina Price Index (CRU-API) successfully completed an external assurance...
New LME Alumina Contract To Utilize CRU Alumina Price Index
London commodities consultant CRU Group said yesterday that the London Metal Exchange will soon be using the firm’s CRU Alumina...
Events
China Ships Record 5.8 Million Metric Tons Of Aluminium In 2018
Aluminium exports from the People’s Republic of China set a new record last year, besting 2017’s total by 20.9 percent thanks in part to demand for Chinese aluminium bolstered by oppressive sanctions levied on Russia’s U.C. Rusal by the United States government. According to data released yesterday by China’s General Administration of Customs, Chinese smelters […]
Sources Say Chinese Aluminium Firms Meeting To Discuss Domestic Price And Demand Woes
A trio of sources claiming knowledge told Reuters yesterday that representatives from China Hongqiao Group, Aluminum Corp of China Ltd (Chalco), and other Chinese major aluminium producers will hold a meeting today to hash out the implications of falling prices and weak demand for the country’s aluminium sector. Per the unnamed sources, the China Nonferrous […]
Hongqiao Ordered To Cut 550 Thousand Metric Tons Of Capacity Through Mid-March
The most prolific aluminium producer on Earth will be compelled to cut over half a million metric tons per annum of production capacity over the winter months as part of the state’s effort at fighting smog production. According to documents obtained by Reuters, the Shandong province’s city of Binzhou has ordered the closure of five […]
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 […]
China’s Alumina Exports Rise By Over 3,400 Percent In September
Alumina exports from the People’s Republic of China hurtled to a yearly high in September, surpassing August’s imports by a factor of five. Per numbers released yesterday by China’s General Administration of Customs, alumina exports last month totaled 165,839 metric tons, besting August’s export total of 29,722 metric tons and representing a year-on-year increase of […]
Zhongwang Fake Semis Prosecution May Slam The Door On Key Routes For U.S. Import Duty Avoidance
The global aluminium market has been watching the trials and travails of Chinese behemoth Zhongwang with intense interest for the past few weeks after the company and its founder Liu Zhongtian were brought up on criminal charges by the United States federal ...
Aluminium Prices Under Double Pressure: Trade Wars and Chinese Exports
Base metals prices tumbled to their lowest in several weeks at the start of August, after U.S. President Donald Trump ...
Dirty Metal – China’s Troublesome Tether Between Coal And Aluminium
The year 2019 has been a red-letter year for the aluminium sector in the People’s Republic of China. Despite trade ...
Is Rio Tinto’s ISAL smelter a bargain or a smart investment?
At least three companies (including Swiss commodity trader Glencore and German Trimet Aluminium) have expressed interest in buying Rio Tinto’s ...
