Industry News
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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 -
Japan’s Aluminum Imports Rebounded In October, Up to 20% Year on Year Growth
Japanese aluminum imports hit a new high this year in October as buyers entered the market to replenish inventories after months of waiting. Japan’s raw aluminum imports in October were 103,989 tons, up 41.8% month-on-month and 20% year-on-year. India became Japan’s top aluminum suppl...Read more -
Glencore Acquired A 3.03% Stake In The Alunorte Alumina Refinery
Companhia Brasileira de Alumínio Has sold its 3.03% stake in the Brazilian Alunorte alumina refinery to Glencore at a price of 237 million reaals. Once the transaction is completed. Companhia Brasileira de Alumínio will no longer enjoy the corresponding proportion of the alumina production obtain...Read more -
Rusal will optimize production and reduce aluminum production by 6%
According to the foreign news on November 25. Rusal said on Monday, with record alumina prices and deteriorating macroeconomic environment, the decision was made to reduce alumina production by 6% at least. Rusal, the world’s largest aluminum producer outside of China. It said, Alumina pri...Read more -
5A06 Aluminum Alloy Performance And Applications
The main alloy element of 5A06 aluminum alloy is magnesium. With good corrosion resistance and weldable properties, and also of moderate. Its excellent corrosion resistance makes the 5A06 aluminum alloy widely used for marine purposes. Such as ships, as well as cars, air...Read more -
Russian aluminum supply to China hit a record high in January-August
Chinese customs statistics show that from January to August 2024, Russia’s aluminum exports to China increased 1.4 times. Reach a new record, total worthy about $2.3 billion US doller. Russia’s aluminum supply to China was just $60.6 million in 2019. Overall, Russia’s metal supp...Read more -
Alcoa has reached a partnership agreement with IGNIS EQT to continue operations at the San Ciprian smelter
News on October 16th, Alcoa said on Wednesday. Establishing strategic cooperation agreement with the Spanish renewable energy company IGNIS Equity Holdings, SL (IGNIS EQT). Provide funding for the operation of Alcoa’s aluminum plant in northwest Spain. Alcoa said it would contribute 75 mill...Read more -
Nupur Recyclers Ltd Will invest $2.1 million to start aluminum extrusion production
According to foreign media reports, New Delhi-based Nupur Recyclers Ltd (NRL) has announced plans to move into aluminum extrusion manufacturing through a subsidiary called Nupur Expression. The company plans to invest about $2.1 million (or more) to build a mill, to meet the growing demand for re...Read more -
Bank of America: Aluminum prices will climb to $3000 by 2025, with supply growth significantly slowing down
Recently, Bank of America (BOFA) released its in-depth analysis and future outlook on the global aluminum market. The report predicts that by 2025, the average price of aluminum is expected to reach $3000 per ton (or $1.36 per pound), which not only reflects the market’s optimistic expectat...Read more -
Aluminum Corporation of China: Seeking Balance amidst High Fluctuations in Aluminum Prices in the Second Half of the Year
Recently, Ge Xiaolei, the Chief Financial Officer and Secretary of the Board of Directors of Aluminum Corporation of China, conducted an in-depth analysis and outlook on the global economy and aluminum market trends in the second half of the year. He pointed out that from multiple dimensions such...Read more -
In the first half of 2024, the global primary aluminum production increased by 3.9% year on year
According to date from the International Aluminum Association, global primary aluminum production increased by 3.9% year on year in the first half of 2024 and reached 35.84 million tons. Mainly driven by increased production in China. China’s aluminum production increased by 7% year on year...Read more