Industry News
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Aluminum prices were boosted by tight supplies of raw materials and expectations of a Fed rate cut
Recently, the aluminum market has shown a strong upward momentum, LME aluminium recorded its biggest weekly gain this week since mid-April. The Shanghai Metal Exchange of aluminum alloy also ushered in a sharp rise, he rally mainly benefited from tight raw material supplies and market expectation...Read more -
The application of aluminum in transportation
Aluminum is widely used in the field of transportation, and its excellent characteristics such as lightweight, high strength, and corrosion resistance make it an important material for the future transportation industry. 1. Body material: The lightweight and high-strength characteristics of al...Read more -
Bank of America is optimistic about the future of the aluminum market and expects aluminum prices to rise to $3000 by 2025
Recently, Michael Widmer, a commodity strategist at Bank of America, shared his views on the aluminum market in a report. He predicts that although there is limited room for aluminum prices to rise in the short term, the aluminum market remains tight and aluminum prices are expected to continue t...Read more -
Indian National Aluminum signs long-term mining leases to ensure stable supply of bauxite
Recently, NALCO announced that it has successfully signed a long-term mining lease with the government of the state of Orissa, officially leasing 697.979 hectares of bauxite mine located in Pottangi Tehsil, Koraput District. This important measure not only ensures the safety of raw material suppl...Read more -
Rising raw material costs and growing demand for new energy jointly drive up aluminum prices in Shanghai
Driven by strong market fundamentals and rapid growth in demand in the new energy sector, the Shanghai futures aluminum market showed an upward trend on Monday, May 27th. According to data from the Shanghai Futures Exchange, the most active July aluminum contract rose 0.1% in daily trading, with ...Read more -
Global aluminum market supply is tightening, with Japan’s aluminum premium prices soaring in the third quarter
According to foreign media reports on May 29th, a global aluminum producer has quoted $175 per ton for aluminum premium to be shipped to Japan in the third quarter of this year, which is 18-21% higher than the price in the second quarter. This soaring quotation undoubtedly reveals the current sup...Read more -
The Chinese aluminum market saw strong growth in April, with both import and export volumes rising
According to the latest import and export data released by the General Administration of Customs of China, China achieved significant growth in unwrought aluminum and aluminum products, aluminum ore sand and its concentrate, and aluminum oxide in April, demonstrating China’s important posit...Read more -
IAI: Global primary aluminum production increased by 3.33% year-on-year in April, with demand recovery being a key factor
Recently, the International Aluminum Institute (IAI) released global primary aluminum production data for April 2024, revealing the positive trends in the current aluminum market. Although the raw aluminum production in April slightly decreased month on month, the year-on-year data showed a stead...Read more -
China’s imports of primary aluminum have significantly increased, with Russia and India being the main suppliers
Recently, the latest data released by the General Administration of Customs shows that China’s primary aluminum imports in March 2024 showed a significant growth trend. In that month, the import volume of primary aluminum from China reached 249396.00 tons, an increase of 11.1% month on mont...Read more -
China’s aluminum processed products production increases in 2023
According to the report, China Non-Ferrous Metals Fabrication Industry Association (CNFA) published that in 2023, the production volume of aluminum processed products increased by 3.9% year on year to about 46.95 million tons. Among them, the output of aluminum extrusions and aluminum foils rose ...Read more -
Aluminum manufacturers in China’s Yunnan resume operation
An industry expert said that aluminum smelters in China’s Yunnan province resumed smelting due to improved power supply policies. The policies were expected to make annual output recover to about 500,000 tons. According to the source, the aluminum industry will receive an additional 800,000 ...Read more -
Comprehensive interpretation of the characteristics of eight series of aluminum alloys Ⅱ
4000 series generally has a silicon content between 4.5% and 6%, and the higher the silicon content, the higher the strength. Its melting point is low, and it has good heat resistance and wear resistance. It is mainly used in building materials, mechanical parts, etc. 5000 series, with magnesiu...Read more