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Topic

aluminium imports

Copper knocked by dollar's gains as Fed meeting in focus

Copper knocked by dollar's gains as Fed meeting in focus

Published 27 Jul, 2021 06:28pm
  • Benchmark copper on the London Metal Exchange lost 0.7% to $9,737 per tonne
  • The bank's three-month, six-month and 12-month price target for copper is $10,500/t, $11,000/t and $11,500/t, respectively.
China May aluminium output slips

China May aluminium output slips

Published 20 Jun, 2021 03:39am
BEIJING: China’s primary aluminium output fell slightly in May versus April, official data showed on Wednesday, as...
Aluminium extends rally on growing supply fears

Aluminium extends rally on growing supply fears

Published 06 May, 2021 08:56pm
  • 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.
China's pollution clampdown drives aluminium to three-year peak

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

Published 23 Apr, 2021 05:35pm
  • 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.
Supply angst propels aluminium to multi-year high

Supply angst propels aluminium to multi-year high

Published 14 Apr, 2021 04:51pm
  • 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.
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