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Indonesia bans mining again Aluminium prices show resilience
Indonesia announced it will stop exporting bauxite and stop exporting tin at the end of the year to support downstream construction in the mining industry. According to SMM, China imported 6.768 million tonnes of bauxite from Indonesia from January to March 2022. Among them, Indonesia’s imp...Read more -
European aluminium supply shortage pushes LME stocks down sharply
May 16 – Aluminium stocks on the London Metal Exchange (LME) are already at their lowest level in nearly 17 years and could fall further in the coming days or weeks as more aluminium leaves LME warehouses for supply-starved Europe. Record electricity prices in Europe are pushing up the cost...Read more -
Short-term aluminum prices are expected to maintain the oscillating trend
On the spot side, the LME aluminium spot discount of $33.05/mt, compared to a discount of $35.75/mt in the previous session. Yesterday, the main contract 2206 opened at 19845 yuan / ton, the intraday session on the road, touching a high of 20320 yuan / ton, again back to 20000 yuan / ton a line a...Read more -
Aluminium prices fall under pressure as global economic growth weakens
Expectations pessimistic, under pressure down aluminum prices continue to be under pressure downward, Thursday closed at 20525 yuan / ton, down 1.05%. Macro, the global economic growth is weak, China and the United States economic data are not ideal, the recent situation on China’s economic...Read more -
New EU sanctions on Russia to target oil, LME non-ferrous sinks across the board
The situation in Russia and Ukraine is of great concern to the markets. Russian President Vladimir Putin signed a decree on the 3rd to take retaliatory special economic measures against unfriendly acts of some countries and international organisations. Ukrainian President Zelensky was quoted by t...Read more -
Aluminum prices rose on April 28, the trading atmosphere is weak
CCMN International Market Commentary: Today’s Lunar aluminum shock down, LME three months Beijing time 15:01 at $ 3093 / ton, compared with the previous trading day settlement price down $ 23, down 0.75%. Yangtze River aluminum network domestic market: today Shanghai aluminum main month 220...Read more -
Alcoa falls as falling aluminium shipments indicate weaker demand
Shares of Alcoa Inc. fell the most in eight months after the aluminum producer said sales slumped as a prolonged supply chain disruption curbed shipments, sparking concerns that cooperation could undermine customer demand for the metal. The Pittsburgh-based company reported first quarter sales of...Read more -
Aluminum prices are high, but the big bull Alcoa (AA.US) Q1 results are likely to exceed expectations again
Alcoa Inc (AA.US) will release its first quarter 2022 results on April 20 after the US stock market closes. In the past four quarters, the company has outperformed analysts’ expectations, beating them by an average of 27.08%. Alcoa reported $2.50 earnings per share in the last quarter, beat...Read more -
Epidemic continues to disrupt consumption 18-day spot aluminium prices up slightly
Yangtze River aluminum price alu.ccmn.cn short comment: domestic implementation of sound monetary policy, Shanghai aluminum slightly up 0.05% in the coming week, the EU launched a new round of sanctions against Russia to intensify supply concerns, but the epidemic limits downstream consumption, i...Read more -
Why does Alcoa not plan to build a new traditional process aluminum smelter when aluminum prices are so high?
Despite very favourable market conditions and prices, the Canadian aluminum industry in Quebec remains hesitant to increase capacity due to certain factors, starting with the lack of long-term predictability of carbon prices under the carbon cap and greenhouse gas trading (SPEDE) regime. W...Read more -
Shanghai aluminum prices fall to three-month low
Foreign media on April 12; Shanghai aluminum prices slid for a sixth straight session on Tuesday, falling to more than three-month lows as new crown prevention measures in top consumer China, and bets on aggressive policy tightening, sparked investor concerns about economic growth and demand. The...Read more -
London aluminum price and Shanghai aluminum price shock downward
According to reports, 15 major building materials as well as home furnishing companies in Japan have recently announced price increases of up to nearly 40%, mainly due to the rising prices of raw materials. Recently, copper, aluminum, nickel and other non-ferrous metal prices rose sharply, and so...Read more
