According to a survey by Shanghai Metals Market (SMM), China’s primary aluminium prices and input costs have declined, reflecting muted demand for the commodities. Bauxite emerged as the only exception, with its domestic price remaining stable and its imported price increasing by $0.08 per tonne to $105.84 per tonne. A00 Aluminium Ingot Price On December...
READ MOREAccording to the International Aluminium Institute, global primary aluminium production in 2024 is poised to surpass the previous year’s total, setting a new annual record. By the end of November 2024, global primary aluminium output had reached 66.522 million tonnes. To exceed the 2023 total of 70.716 million tonnes, December’s production needs to exceed 4.194...
READ MOREJapan’s Sumitomo Chemical announced on Thursday that it will sell its 2.97% stake in the Brazilian smelter Nippon Amazon Aluminium to YKK AP for an undisclosed amount, marking its exit from the business of reselling imported aluminum ingots. The decision was attributed to the high profitability volatility caused by fluctuating international market conditions. Despite exiting...
READ MOREThe Husnes primary plant, located on the west coast of Norway, produces low-carbon extrusion ingot for the European construction and automotive industries. A new sow caster will provide flexibility to produce sow ingots during periods of lower demand for the plant’s primary products. “We continue to invest in the future of our Norwegian smelters, which...
READ MORESouth32 Limited has issued an update regarding its Mozal Aluminium operations in Mozambique, as the company continues to navigate an evolving situation in the region. While the safety and wellbeing of its workforce remain a priority, the company confirmed that there have been no security incidents at the smelter. Recent road blockages in Mozambique have...
READ MORESouth Korean-based ALUKO Group has announced plans to establish its first U.S. manufacturing facility in Jackson, Tennessee. The $36.3 million project will create 55 new jobs in Madison County and support operations at Ford Motor Company’s BlueOval City by producing aluminum battery casings. This marks a significant step for the ALUKO Group, which comprises subsidiaries...
READ MOREAluminum prices have dropped below $2,600 per metric ton, driven by concerns over weak seasonal demand and rising production levels in China. According to official data, Chinese aluminum output reached record highs in November, totaling 3.71 million metric tons. This equates to an annualized production rate of 45.3 million tons, coinciding with a period of...
READ MOREChina’s primary aluminum production reached a record 3.7 million tons in November, marking a 3.6% year-on-year increase, according to the National Bureau of Statistics (NBS). Cumulative production for the first 11 months of 2024 amounted to 40.2 million tons, up 4.6% compared to the same period last year, driven by robust export demand. Meanwhile, data...
READ MOREThe US aluminum industry is anticipating significant changes as President-elect Donald Trump proposes a 25% tariff on imports from major suppliers, including Canada and Mexico. According to Citigroup, aluminum could be one of the metals most affected by these measures. Canada accounts for 60% of the aluminum imported into the US, which makes up around...
READ MOREIran produced 400,425 tons of aluminum ingots between March 20 and November 20, 2024, according to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). This marks significant progress for the country’s aluminum sector, which plays a pivotal role in supporting downstream industries such as automotive manufacturing, construction, and packaging. IMIDRO, a major...
READ MOREAlumina prices soared to record levels in late 2024, surpassing $780 per tonne in both China and Australia, driven by supply disruptions and robust demand. Prices increased by more than 70% over the year, highlighting the alumina market’s growing vulnerability to supply shocks. While new projects planned for 2025 could help restore balance, the intermediate...
READ MOREJapanese buyers have agreed on a premium of $228 per tonne for aluminium imports in Q1 2025, marking a 0.87% to 12% decline from the previously offered range of $230-$260 per tonne. Despite the drop, the agreed premium is the highest since 2015 and represents a 30% increase compared to the ongoing quarter’s premium of...
READ MOREChina’s aluminium production increased by 3.6% year-on-year in November, reaching 3.71 million metric tons, according to data from the National Bureau of Statistics. The rise in output, attributed to newly added capacity in Xinjiang and resumed operations in southwestern China, occurred despite declining industry profits. Daily aluminium production in November averaged 123,667 tons, marking a...
READ MOREJapanese buyers are likely to face aluminium premiums above $200 per metric ton throughout 2025 due to tightening supply in Asia, according to trading house Marubeni Corp. Japan, a key aluminium importer, sets the regional benchmark for primary metal shipment premiums, agreed quarterly over the London Metal Exchange (LME) cash price. In the current quarter,...
READ MORERusal, a Moscow-based aluminum producer, is a leading player in the processed alumina and aluminum market. With operations spanning bauxite mining, alumina refining, and aluminum production, the company leverages renewable hydroelectric power to manufacture 90% of its aluminum, significantly reducing greenhouse gas emissions. Rusal’s processed alumina and aluminum revenues reached $11.93 billion in 2023, constituting...
READ MOREIn November 2024, domestic aluminum production in China increased by 2.74% year-on-year (YoY), according to SMM statistics. Cumulative production for the January-November period rose by 3.86% YoY. Despite the overall growth, some aluminum smelters faced challenges such as pot maintenance due to high pot age and environmental protection-related production cuts during the winter season. While...
READ MOREThe United States Geological Survey (USGS) has reported domestic primary aluminum production of 54,600 metric tons (t) in September 2024. The average daily production for the month was 1,820 t, remaining consistent with August 2024 but showing a 9% decline compared to September 2023 and a 10% drop from September 2022. Total aluminum recovered from...
READ MOREAlumina Limited, an Australian mining company specializing in bauxite mining and alumina refining, has forecasted its processed alumina and aluminum sales to grow from $4.32 billion in 2023 to $5.5 billion within the next five years. This projection represents a compound annual growth rate (CAGR) of 6.77%, driven by operational restructuring and recovery from the...
READ MOREEmirates Global Aluminium (EGA) has commenced the construction of ten pilot reduction cells for its next-generation EX smelting technology at Al Taweelah in the UAE. This initiative represents a significant leap forward in sustainability and efficiency, leveraging Industry 4.0 capabilities to transform aluminium production processes. EX technology is engineered to enhance aluminium production efficiency while...
READ MOREEmirates Global Aluminium (EGA) has initiated the construction of 10 pilot reduction cells for its EX smelting technology at Al Taweelah in Abu Dhabi. The project aims to prove the capabilities of this advanced technology, designed to produce more aluminum with less energy and lower emissions while integrating cutting-edge Industry 4.0 advancements. The EX technology...
READ MORESouth32 announced on Friday that it expects the Australian federal government to decide on the proposed expansion of its Worsley alumina refining operation in Western Australia early next year. The Perth-based mining group had lodged an appeal following a recommendation in July by the Western Australian Environmental Protection Authority (EPA) to approve the project, subject...
READ MOREU.S. Customs and Border Protection (CBP) has issued a finding against Kingtom Aluminio S.R.L., a Chinese-owned entity in the Dominican Republic, based on evidence suggesting the use of forced labor in the production of its aluminum extrusion and profile products. Effective immediately, CBP personnel at all U.S. ports of entry will seize any such products...
READ MOREAlpha HPA, an Australian-based aluminium chemicals company, has begun production of battery metals precursor materials at its Stage 1 plant in Gladstone, Queensland. Construction of the company’s Stage 2 commercial plant is also well underway, according to a recent investor update. Now, the company is planning to develop an additional high-purity aluminium (HPA) manufacturing facility...
READ MOREThe London Metal Exchange (LME) saw refined copper closing at $9,068 per ton, up $4 or 0.04% on the official three-month goods price basis. Despite ongoing concerns about China’s economic outlook, copper prices remained above the $9,000 mark, buoyed by hopes for government stimulus measures. LME copper stock levels, excluding canceled warrants, continued their 12-day...
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