Aluminium prices rose by 0.55% to ₹257.95 due to supply constraints and expectations of US tariffs not taking effect until April. Shanghai Futures Exchange aluminium inventories declined by 4.9%. Japan’s bargaining power in aluminium premium negotiations weakened due to slow imports and reduced overseas smelters. The People’s Bank of China (PBoC) pledged to support economic…
Aluminium prices rose by 0.04% to ₹252.1 due to supply concerns and the European Commission’s proposed inclusion of Russian primary aluminium imports in its 16th package of sanctions. The ban, which includes aluminium alloys, has a one-year phase-in period. Global primary aluminium output rose 3% year-on-year to 6.236 million tonnes in December. Stocks at Japan’s…
Aluminium prices dropped by -0.53% at ₹243.35 due to rising output in China and Asia’s tightening supply. In November, Chinese aluminium production increased by 3.6% YoY, reaching 3.71 million metric tons. However, high alumina costs and environmental control measures are affecting smelters. China’s aluminium exports reached nearly 5.5 million tons in the first ten months…
Aluminium prices rose by 0.27% to ₹244.25, driven by supply constraints from major producers and changes in China’s export-related policies. China plans to end tax rebates on semi-manufactured aluminium exports from December, potentially removing five million tonnes from the global market. Bauxite prices surged to near-record highs, with Chinese smelters facing their lowest ore inventory…
Aluminium prices fell by 2.15% to 241.6 due to disappointment over China’s limited fiscal stimulus measures. The package aimed to ease debt repayment burdens for local governments, but fell short of investors’ expectations. The potential for higher tariffs under the US President-elect also loomed over the metals market, causing concerns about reduced demand for Chinese…
Aluminium prices rose by 0.72% to 243.6 due to concerns over alumina shortages, triggered by Guinea’s suspension of bauxite exports. Large future positions were indicated in London Metal Exchange data, with over 40% open interest for December buys and 30-39% for January sales. Goldman Sachs raised its 2025 aluminium price forecast to $2,700 per ton,…
Aluminium prices rose by 0.91% to 239.55, driven by higher production costs and record-high alumina prices. China, the world’s largest aluminium producer, cut its benchmark lending rates as part of stimulus measures to revive its slowing economy. Global primary aluminium output rose 1.3% year-on-year in September to 6.007 million tonnes, while China’s aluminium production increased…
The price of aluminium increased by 0.37%, reaching ₹216.05, as the market reacted to several supply-side events. August is predicted to see a minor increase in refined zinc production, which could have an impact on the larger base metal markets. China’s domestic production of aluminium increased significantly, reaching 3.683 million metric tonnes in July 2024…
After previous price falls and continued supply concerns, there was optimism about higher demand in China, which led to a 0.65% uptick in aluminium prices yesterday, to end at 232.45. China’s decision to keep its key lending rates at their current levels reflects the limitations placed on its monetary easing initiatives by declining interest rate…
Short covering and worries about a lack of supply on the international market caused aluminium prices to jump by 1.07% yesterday, closing at 235.5. At a substantial discount of $62.44 per tonne to the three-month contract, the largest since August 2007, the London Metal Exchange (LME) cash aluminium contract was traded. The reason behind this…
