News
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The EU countries have agreed to impose the 16th round of sanctions against Russia.
On February 19th, the European Union agreed to impose a new round (the 16th round) of sanctions against Russia. Although the United States is in negotiations with Russia, the EU hopes to continue applying pressure. The new sanctions include a ban on the import of primary aluminum from Russia. Pre...Read more -
The United States may impose a 50% tariff on Canadian steel and aluminum, shaking the global steel and aluminum industry
According to the latest news, White House officials announced on February 11th local time that the United States plans to impose a 25% tariff on steel and aluminum imported from Canada. If implemented, this measure will overlap with other tariffs in Canada, resulting in ...Read more -
Aluminum Corporation of China’s net profit is expected to increase by nearly 90% in 2024, potentially achieving its best historical performance
Recently, Aluminum Corporation of China Limited (hereinafter referred to as “Aluminum”) released its performance forecast for 2024, expecting a net profit of RMB 12 billion to RMB 13 billion for the year, an increase of 79% to 94% compared to the same period last year. This impressive...Read more -
Brimstone Plans to produce smelter-grade alumina by 2030
California-based cement maker Brimstone plans to produce U. S. smelting-grade alumina by 2030. Thus reducing the U. S. dependence on imported alumina and bauxite. As part of its decarbonization cement manufacturing process, portland cement and auxiliary cementing tious (SCM) are also produced as ...Read more -
LME and Shanghai Futures Exchange aluminum inventories have both decreased, with Shanghai aluminum inventories hitting a new low in over ten months
The aluminum inventory data released by the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE) both show a downward trend in inventory, which further exacerbates market concerns about aluminum supply. LME data shows that on May 23 last year, LME’s aluminum inventory...Read more -
The Middle East aluminum market has enormous potential and is expected to be valued at over $16 billion by 2030
According to foreign media reports on January 3rd, the aluminum market in the Middle East is showing strong growth momentum and is expected to achieve significant expansion in the coming years. According to predictions, the valuation of the Middle East aluminum market is expected to reach $16.68 ...Read more -
Aluminum inventory continued to decline, the market supply and demand pattern changes
The latest aluminium inventory data released by the London Metal Exchange (LME) and the Shanghai Futures Exchange both show a sustained decline in global aluminium inventories. Aluminum inventories rose to their highest level in more than two years on May 23 last year, according to LME data, but ...Read more -
Global monthly aluminum production is expected to hit a record high in 2024
The latest data released by the International Aluminum Association (IAI) shows that global primary aluminum production is growing steadily. If this trend continues, by December 2024, Global monthly primary aluminum production is expected to exceed 6 million tons, a new record. Global primary alum...Read more -
Global Primary Aluminum Production Fell in November Month-on-Month
According to statistics from the International Aluminum Association (IAI). Global primary aluminum production was 6.04 million tons in November. It was 6.231 million tons in October and 5.863 million tons in November 2023. A 3.1% month-on-month decline and a 3% year-on-year growth. For the month,...Read more -
WBMS: The global refined aluminum market was short of 40,300 tons in October 2024
According to a report released by the World Metals Statistics Bureau (WBMS). In October, 2024, Global refined aluminum production totaled 6,085,6 million tons. Consumption was 6.125,900 tons, there is a supply shortfall of 40,300 tons. From January to October, 2024, Global refined aluminum produc...Read more -
China’s Aluminum Production And Exports Increased Year On Year In November
According to the National Bureau of Statistics, China’s aluminum production in November was 7.557 million tons, up 8.3% year on year growth. From January to November, the cumulative aluminum production was 78.094 million tons, up 3.4% year on year growth. Regarding export, China exported 19...Read more -
U. S. Raw Aluminum Production fell 8.3% in September to 55,000 tons from a year earlier
According to statistics from the United States Geological Survey (USGS). The US produced 55,000 tons of primary aluminum in September, down 8.3% from the same month in 2023. During the reporting period, recycled aluminum production was 286,000 tons, up 0.7% year on year. 160,000 tons came from ne...Read more