Trends - aluminium industry - Business Recorder

aluminium industry

Aluminium retreats from 13-year high after big inflows

LONDON: Aluminium prices pulled back from their highest levels in more than 13 years on Thursday after a surge in...

Published 11 Feb, 2022 04:31am

Markets

Power prices propel aluminium to 2-month peak

LONDON: Aluminium prices rose on Wednesday to their highest in more than two months as expectations of large ...

Published 06 Jan, 2022 04:13am

Markets

Aluminium hits 1-1/2 month peak

LONDON: Aluminium prices touched the highest in over six weeks on Friday after China’s output of raw material...

Published 18 Dec, 2021 04:33am

Markets

Falling thermal coal prices drag aluminium lower

LONDON: Aluminium dropped to its lowest in nearly eight weeks on Wednesday as declining thermal coal prices eased...

Published 27 Oct, 2021 06:05pm

Markets

Surging aluminium price squeezing processors' profits

Aluminium prices have jumped significantly ... (and) increasing freight charges, price spreads and exchange rates are all having a big impact on processors

Updated 14 Oct, 2021 04:58pm

Markets

Aluminium hits highest since 2008 as power shortages escalate

Benchmark aluminium on the London Metal Exchange (LME) was up 1.9% at $3,022.50 a tonne

Updated 11 Oct, 2021 06:53pm

Markets

China completes latest metal reserves auctions, eyes more

30,000 tonnes copper, 50,000 tonnes zinc and 70,000 tonnes aluminium released
Reserves administration completes 4th round of auctions
Says will release more stocks based on supply and demand

Published 09 Oct, 2021 05:26pm

Markets

Shortages help aluminium towards 13-year highs

Benchmark aluminium on the London Metal Exchange traded up 1.8% at $2,908 a tonne

Published 04 Oct, 2021 06:04pm

Markets

Copper drifts lower as focus turns to US Fed meeting

Benchmark copper prices on the London Metal Exchange (LME) shed 2.1% to $9,418 a tonne in official rings

Published 16 Sep, 2021 07:54pm

Markets

Industrial metals slip as caution rules ahead of inflation data

Benchmark copper on the London Metal Exchange (LME) was down 1.5% at $9,416 a tonne in official trading having fallen 1.3% on Monday

Updated 14 Sep, 2021 05:56pm

Markets

Aluminium advances on China supply fears

"If China is serious about good environmental outcomes and decarbonisation, then (aluminium) output will be slower," says analyst Nitesh Shah

Updated 08 Sep, 2021 06:09pm

Markets

Aluminium rises to 10-year high as supply fears grow

Aluminium on the London Metal Exchange (LME) was up 0.6% at $2,705.50 a tonne after touching a peak of $2,734.50

Published 02 Sep, 2021 06:14pm

Markets

Aluminium prices lifted to 10-year high by China concern

The region is China's third-biggest producer of alumina, a primary product of aluminium, with output of 925,500 tonnes in July

Published 31 Aug, 2021 05:48pm

Markets

China aluminium smelters meet to address 'irrational' price spike

Aluminium on the Shanghai Futures Exchange rose as much as 4.2% on Monday to 21,550 yuan ($3,332)

Updated 30 Aug, 2021 06:03pm

Markets

China curbs propel aluminium to highest since April 2018

Aluminium traded up 1.4% at $2,655.5 a tonne in official rings
It's all to do with China and output curbs, which are mostly to do with cutting emissions, unusual in the summer months

Updated 27 Aug, 2021 06:23pm

Markets

Aluminium muscles higher on weak China supply, US shortages

There's a combination of different factors that will keep aluminium prices elevated and it's unlikely to be resolved very quickly

Published 17 Aug, 2021 04:37pm

Markets

Demand doubts and dollar dent copper sentiment

"China's economy and demand is slowing, the dollar isn't helping and Chinese authorities are intent on making sure the market understands what they want"

Published 19 Jul, 2021 05:54pm

Markets

China May aluminium output slips

BEIJING: China’s primary aluminium output fell slightly in May versus April, official data showed on Wednesday, as...

Published 20 Jun, 2021 03:39am

Markets

China aluminium exports have likely peaked, CRU says

Now we're in a situation where Europe and the US have pretty comprehensive anti-dumping measures against Chinese imports and China is going out to the rest of the world and seeing if it can replace those markets.

Published 16 Jun, 2021 06:55pm

Markets

Copper hits 7-week low as funds, traders cut long positions

"The next leg of the rally will be led by the physical market around the third quarter when the whole supply chain has used up its stocks."
Aluminium was down 1.8% at $2,449.50 a tonne, zinc fell 1.4% to $3,002, lead slipped 1.2% to $2,185, tin dropped 1.4% to $31,217 and nickel ceded 2.9% to $17,938.

Published 15 Jun, 2021 09:03pm

Markets

World’s largest aluminium producer still short of metal

LONDON: April was another record month for Chinese aluminium production, the latest in a series stretching back over...

Published 09 Jun, 2021 03:29am

Business & Finance

China's Tsingshan to ramp up aluminium production in Indonesia in 2023

Tsingshan made a name for itself in the global nickel market by investing heavily in Indonesia, which banned nickel ore exports from 2020.
Tsingshan would ramp up capacity to 500,000 tonnes per year in 2023, without providing a time for the start of production.

Published 08 Jun, 2021 05:28pm

Markets

China’s primary aluminium output may rise in 2024

SHANGHAI: Output of primary aluminium in China will increase until 2024, after which secondary, or recycled metal...

Published 04 Jun, 2021 05:06am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 5 786 Investments Limited(786)	5.62 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 5 Al-Abbas Sugar Mills Limited(AABS)	510.11 ▼ 0.00 (0.00%)
Agro Allianz / Oct 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 5 Allied Bank Limited(ABL)	70.70 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 5 Abbott Laboratories (Pakistan) Limited(ABOT)	336 ▼ 0.00 (0.00%)
Abson Ind. / Oct 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 5 Alfalah Consumer Index ETF.(ACIETF)	7.53 ▼ 0.00 (0.00%)
Attock Cement / Oct 5 Attock Cement Pakistan Limited(ACPL)	85.81 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 5 786 Investments Limited(786)	5.62 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 5 Al-Abbas Sugar Mills Limited(AABS)	510.11 ▲ 0.00 (0.00%)
Agro Allianz / Oct 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 5 Allied Bank Limited(ABL)	70.70 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 5 Abbott Laboratories (Pakistan) Limited(ABOT)	336 ▲ 0.00 (0.00%)
Abson Ind. / Oct 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 5 Alfalah Consumer Index ETF.(ACIETF)	7.53 ▲ 0.00 (0.00%)
Attock Cement / Oct 5 Attock Cement Pakistan Limited(ACPL)	85.81 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Oct 5 Worldcall Telecom Limited(WTL)	150,526,082 ▲ 0.00
Pak Refinery / Oct 5 Pakistan Refinery Limited(PRL)	12,978,337 ▲ 0.00
Bankislami Pak. / Oct 5 BankIslami Pakistan Limited(BIPL)	11,208,643 ▲ 0.00
Cnergyico PK / Oct 5 Cnergyico PK Limited(CNERGY)	8,821,211 ▲ 0.00
Habib Bank / Oct 5 Habib Bank Limited(HBL)	6,427,190 ▲ 0.00
P.I.A.C.(A) / Oct 5 Pakistan International Airlines Corp(PIAA)	6,422,500 ▲ 0.00
Maple Leaf Cement / Oct 5 Maple Leaf Cement Factory Limited(MLCF)	6,395,916 ▲ 0.00
Air Link Com. / Oct 5 Air Link Communication Limited(AIRLINK)	6,076,059 ▲ 0.00
Al-Shaheer Corp / Oct 5 Al Shaheer Corporation Limited(ASC)	5,654,165 ▲ 0.00
Oil & Gas Dev. / Oct 5 Oil & Gas Development Company Limited(OGDC)	5,097,021 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 4	284.85
USD PKR Interbank Buying / Oct 4	284.65
USD to Japanese Yen / Oct 4	148.93
USD to Swiss Franc / Oct 4	0.92
Pound Sterling to USD / Oct 4	1.21
Euro to USD / Oct 4	1.05
UK LIBOR % / Oct 3	5.44

Stock	Volume
S&P 500 / Oct 3	4229.45
India Sensex / Oct 3	65512.10
Nasdaq / Oct 3	13059.47
Dow Jones / Oct 3	33002.38
Tokyo Nikkei / Oct 4	30526.88
Hang Seng / Oct 4	17177.48
FTSE 100 / Oct 4	7475.08
Germany DAX 30 / Oct 4	15028.34
France CAC40 / Oct 4	6985.57

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 3	18235
Gold 10 Grams PKR / Oct 3	172410
Crude Oil USD/Barrel / Oct 4	88.50
Gold Spot USD/Ounce / Oct 4	1822.59
Cotton US¢/pound / Oct 4	87.47

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