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Non-ferrous metal price increase factors
November 24, the National Bureau of Statistics announced that in mid-November, the circulation of important production materials market price changes in mid-November compared with the first half of November, 24 kinds of product prices rose, 24 kinds of decline, 2 kinds of flat. Among them, non-fe...Read more -
Production cuts continue in Europe and the U.S. Aluminum prices may rebound
Beijing time on November 18, the domestic futures market Shanghai aluminum futures main contract rose slightly during the day, now at 19200.00 yuan / ton, up 1.72%, the highest intraday touch 19210.00 yuan / ton, the lowest dip to 18880.00 yuan / ton. In the foreign market, LME aluminum futures o...Read more -
The first “Aluminum Roundtable Summit” was held in Sanya
On November 16, 022, China Nonferrous Metals Industry Association organized the first “Aluminum Roundtable Summit” in Sanya. China Aluminum Group Corporation, Shandong Weiqiao Venture Group Corporation, State Power Investment Group Corporation, Xinfa Group Corporation, Dongfang Hope G...Read more -
Mozal aluminum smelter shut down due to accident
South32, which owns the Mozal aluminum smelter, has suspended production of the accidental electrolytic aluminum series, involving a capacity of around 250,000 tons, following an accident at the plant that killed two employees and seriously injured a contractor on Nov. 7. According to the company...Read more -
Analysis of the impact of LME and US sanctions on Russian aluminum
Event Review As the situation between Russia and Ukraine continues to evolve, Bloomberg reported at the end of September, citing people familiar with the matter, the London Metal Exchange (LME) is launching a discussion paper to discuss whether and under what circumstances the new supply of Russi...Read more -
European business associations unite to call on EU not to ban Rusal
Foreign media, October 24 news: Monday, five European companies of industry associations jointly sent a letter to the EU, urging the EU and European governments, not to implement import restrictions such as bans on Russian-made aluminum products, warning that that could lead to the closure of tho...Read more -
If the U.S. bans imports of Russian aluminum, will it trigger market disruption?
Global aluminum prices have spiked following news that the Biden administration is considering an effective ban on aluminum imports from Russia for transportation and construction purposes. Below are potential scenarios and consequences of any U.S. restrictions. What is being considered? The Whit...Read more -
French aluminum takes anti-dumping measures against Spain’s cheap electricity
In response to rising energy prices, aluminum plants in Europe began shutting down production, while Russia and China increased imports. Representatives of the French aluminum industry say the EU-backed price cap on Iberian gas has created unfair competition. These representatives are also seekin...Read more -
The biggest Asian stock gainer was Indonesia Mining, up 1,650%
Asia’s hottest stock has been underperforming in recent months, but analysts think PT Adaro Minerals Indonesia could still climb as one of its recent acquisitions is set to boost sales in the electric vehicle supply chain. The Indonesian coal company’s shares have risen 1,650 percent ...Read more -
Norsk Hydro cuts aluminum production due to lower demand
Foreign media, Sept. 27: Norwegian aluminum producer NorskHydro said Tuesday that it will cut production at two plants in Norway due to falling demand in Europe. Hydro said that the special situation of the European economy and energy market caused market uncertainty and led to a decline in deman...Read more -
Global aluminum supply shortage of 916,000 tons in January-July
The latest report data released by the World Bureau of Metal Statistics (WBMS) on Wednesday showed that the global primary aluminum market had a supply shortage of 916,000 tons in January-July 2022, compared with a shortage of 1,558,000 tons for the whole of 2021. global primary aluminum demand i...Read more -
Korea’s May 2022 aluminum scrap imports up 10.90% year-on-year
BEIJING (ASIA METALS) 2022-09-22 Korea’s aluminum scrap imports in May 2022 amounted to 95,743.50 metric tons, compared to 86,334.75 metric tons in the same month last year and 94,407.50 metric tons in the previous month, an increase of 10.90% year-on-year and 1.42% sequentially. Korea̵...Read more
