Trends - Aluminium prices - Business Recorder

Markets

Copper up on dollar, strike possibility in Chile

"There's been some buying on the back of a lower dollar and the possibility of a strike at Escondida (copper mine in Chile)," a copper trader said. "But the rally does seem to have to run out of steam."
An overhaul of Chile's market-orientated constitution is underway and the country is debating whether to increase royalties on miners.

Published 20 May, 2021 06:05pm

Markets

Aluminium extends rally on growing supply fears

Prices have rocketed 25% this year as commodities and equities markets surged and investors anticipate that a crackdown on polluting smelters in China will constrain supply.
Adding impetus was China saying it would "indefinitely" suspend all activity under a China-Australia Strategic Economic Dialogue, deepening a crisis in relations.

Published 06 May, 2021 08:56pm

Markets

High prices putting China’s manufacturers off aluminium

SHANGHAI: A surge in prices for metals including aluminium is prompting users such as home appliance manufacturers ...

Published 01 May, 2021 03:28am

Markets

Aluminium prices climb to 3-year high

LONDON: Aluminium prices climbed on Friday to three-year highs, fuelled by worries about supplies from top producer...

Published 24 Apr, 2021 03:21am

Markets

China's pollution clampdown drives aluminium to three-year peak

Benchmark aluminium on the London Metal Exchange was up 1% at $2,387 a tonne at 1121 GMT. Prices of the metal used widely in the transport, construction and packaging industries earlier touched $2,389, a gain of more than 20% since January.
Electricity, much of it from coal in China, can account for 30%-40% of aluminium smelting costs.

Published 23 Apr, 2021 05:35pm

Markets

Supply angst propels aluminium to multi-year high

LONDON: Aluminium prices rose on Wednesday to their highest in nearly three years on worries about supplies from top...

Published 15 Apr, 2021 03:22am

Markets

Russia's Rusal to upgrade technology for 35pc of smelter capacity to cut emissions

The new cells will have the same total annual production capacity - of 1.4 million tonnes of aluminium. These four smelters in total produced 2.7 million tonnes of aluminium in 2020, or 71% of the company's output.
The 10-year project will start this year, and investments, which the Hong Kong-listed Rusal is yet to disclose, will peak in 2022-2027.

Published 14 Apr, 2021 08:41pm

Markets

Supply angst propels aluminium to multi-year high

Benchmark aluminium on the London Metal Exchange (LME) was up 1% at $2,315 a tonne.
Aluminium, which is used in transport, packaging and construction, earlier touched its highest since June 2018 at $2,323.50 to stand more than 15% up from the start of this year.

Published 14 Apr, 2021 04:51pm

Markets

Copper prices fall on weaker-than-expected China demand

ShFE aluminium declined 0.4% to 17,475 yuan a tonne, tin dropped 0.6% to 184,660 yuan a tonne, while zinc rose 0.3% to 21,850 yuan a tonne.

Published 07 Apr, 2021 12:52pm

Markets

Dollar, inventories weigh on copper prices

LONDON: Copper prices fell on Tuesday as a firmer dollar and higher inventories triggered a bout of selling while ...

Published 31 Mar, 2021 05:42am

Markets

Dollar, inventories weigh on copper prices

Benchmark copper was down 0.7% at $8,804 a tonne.
Stocks of copper in LME registered warehouses rose 10,500 tonnes to 142,550 tonnes, a rise of more than 90% since the start of March.

Published 30 Mar, 2021 05:43pm

Markets

LME official prices

LONDON: The following were Thursday official prices....

Published 27 Mar, 2021 05:41am

Markets

Aluminium hits highest since 2018

LONDON: Aluminium prices rose on Monday to their highest level since June 2018 as investors worried that Chinese...

Updated 23 Mar, 2021 05:15pm

Markets

Aluminium hits highest since 2018 as China pollution curbs seen restricting output

Benchmark aluminium on the London Metal Exchange (LME) was up 0.3pc at $2,273 a tonne at 1705 GMT after reaching $2,289.50.

Updated 23 Mar, 2021 05:12pm

Markets

China Jan-Feb aluminium output rises

SHANGHAI: China’s aluminium production rose 8.4% in the first two months of 2021 compared with the same period ...

Published 16 Mar, 2021 04:43am

Business & Finance

China's Baotou clamps down on energy consumption, driving up aluminium prices

Inner Mongolia city races to meet Q1 energy consumption goal.
100,000 T of annual aluminium output could be cut – analyst.
Shanghai aluminium prices rise 2.7% towards 18,000 yuan/T.

Published 15 Mar, 2021 06:02pm

Markets

Copper prices slip as China cools growth and credit plans

China is widely expected to rein in coronavirus-induced stimulus and cool credit growth to contain debt risks while maintaining support for ailing small firms. It has also set modest growth targets.
Three-month copper on the London Metal Exchange (LME) declined 1.4% to $8,883 a tonne.

Updated 09 Mar, 2021 09:30pm

Markets

Copper edges down as a firm dollar weighs

The dollar held near a 3-1/2-month high against its rivals as higher bond yields.

Published 09 Mar, 2021 10:31am

Markets

Platts to launch 'green' aluminium prices in April

The metals sector has struggled with adopting common standards for low-carbon aluminium as rival producers fight for market share among consumers who are under pressure to cut their own emissions footprints.
S&P Global Platts said it would start issuing daily prices for both low-carbon and zero-carbon aluminium on April 6.

Published 05 Mar, 2021 06:53pm

Markets

China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year

Shandong-based Hongqiao posted annual net income of 10.5 billion yuan ($1.62 billion) last year, according to a filing to the Hong Kong stock exchange on Friday.
Revenues were up only 2.3% year-on-year to 86.14 billion yuan, however, with Hongqiao also attributing its bumper earnings to lower production costs and lower impairment losses compared with a year earlier.

Published 05 Mar, 2021 06:05pm

Markets

Aluminium gains on concern about Chinese supply

Three-month aluminium on the London Metal Exchange was up 0.3% at $2,219 a tonne.
Decarbonisation and moving to the carbon neutral target will be a key focus at the two sessions in Beijing this week so that's why aluminium and steel would be in the spotlight because they are energy intensive industries.

Published 03 Mar, 2021 06:00pm

Markets

Aluminium producer Norsk Hydro sued by Brazilian group over alleged pollution

The lawsuit is brought by a group of communities who live in the lower Amazon region in the Brazilian state of Para.
Hydro has three installations in Para: Paragominas, a bauxite mine; Alunorte, a refinery where the bauxite is transformed into alumina; and Albras.

Published 09 Feb, 2021 05:27pm

Markets

Zinc slides to two-month low as stocks surge, China demand wanes

Benchmark three-month zinc on the London Metal Exchange was down 1.6% at $2,613.50 a tonne.
Stocks in LME-registered warehouses have soared by 57% over the past two days to the highest levels since June 2017.

Updated 27 Jan, 2021 11:23pm

Markets

LME adds Grafton to its list of approved warehouse firms

The last warehouse company to be approved by the LME was Edgemere Terminals in August 2018, the LME said.
LME-registered warehouses also issue LME warrants, or title documents, through their London agents for material delivered into their approved warehouses.

Published 26 Jan, 2021 08:31pm

Markets

Aluminium hits two-month low as inventories and output climb

Zinc touches weakest in two months.
Copper gains ahead of speech by US Treasury Secretary nominee.

Updated 19 Jan, 2021 11:13pm

Markets

Aluminium hits two-month low as inventories, output climbs

In the short term, you have those inventory rises from both markets, China and ex-China.
The stock gains in China were expected ahead of the Lunar New Year holiday, which kicks off in mid-February, Yao added.

Published 19 Jan, 2021 06:23pm

Markets

China ramp up to rein in aluminium price bulls

US and Western Europe aluminium deficit around 4 mln T each.
JPMorgan expects 2.4 million tonne surplus this year.

Published 18 Jan, 2021 05:44pm

Markets

Pandemic sharpens sustainability focus in plastics and aluminium

Collecting the 45 billion cans per year that are not being recycled would save 5 million metric tonnes of green house gas emissions a year.
It's going to take the industries as a whole to come together and ... design products for circular economies.

Published 11 Jan, 2021 08:11pm

Markets

Aluminium hits lowest level in a month, copper climbs

Three-month aluminium on the London Metal Exchange was down 1.6% at $1,998 a tonne.
With aluminium, you can't argue that the metal is in short supply. There are production increases pretty much across the board and new capacity is being energised.

Published 29 Dec, 2020 06:23pm

Markets

Aluminium at highest in nearly 2 years on China demand

Benchmark aluminium on the London Metal Exchange (LME) rose 0.5% to $1,961 a tonne.
The fact that China became a net importer of metals was a valid driver for prices to bottom but the price has skyrocketed since March.

Published 17 Nov, 2020 06:45pm