CRU

New LME Alumina Contract To Utilize CRU Alumina Price Index

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 Price Index (CRU-API) in the settlement of the LME’s new cash-settled Alumina futures contract. The new futures contract is set to commence...

Events

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 […]

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 […]

Chinalco Inks Partnership With Yunnan Aluminium for Access to 1.6 MTPA Smelting Capacity

A partnership announced yesterday by Yunnan Aluminium between Aluminum Corp of China (Chinalco) and Yunnan Metallurgical Group will see the emergence of a new Chinalco with greater access to the significant hydropower resources of Yunnan province. Per an agreement signed in Kunming on Sunday, Yunnan Metallurgical Group, owner of Yunnan Aluminum Co Ltd., is to […]

Chinese State Numbers Show Fifth Consecutive Month of Lower Aluminium Output

Numbers published last week by the state show a drop in production by aluminium smelters in the People’s Republic of China last month, marking the fifth straight month the country has produced less of the metal than the month prior. According to the National Bureau of Statistics, the Middle Kingdom produced 2.35 million metric tons […]