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Aluminium prices

Platts to launch 'green' aluminium prices in April

Platts to launch 'green' aluminium prices in April

  • The metals sector has struggled with adopting common standards for low-carbon aluminium as rival producers fight for market share among consumers who are under pressure to cut their own emissions footprints.
  • S&P Global Platts said it would start issuing daily prices for both low-carbon and zero-carbon aluminium on April 6.
Published 05 Mar, 2021 06:53pm
China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year
Markets

China Hongqiao profit hits record on high aluminium prices; output falls for 3rd year

  • Shandong-based Hongqiao posted annual net income of 10.5 billion yuan ($1.62 billion) last year, according to a filing to the Hong Kong stock exchange on Friday.
  • Revenues were up only 2.3% year-on-year to 86.14 billion yuan, however, with Hongqiao also attributing its bumper earnings to lower production costs and lower impairment losses compared with a year earlier.
Published 05 Mar, 2021 06:05pm
Aluminium gains on concern about Chinese supply
Markets

Aluminium gains on concern about Chinese supply

  • Three-month aluminium on the London Metal Exchange was up 0.3% at $2,219 a tonne.
  • Decarbonisation and moving to the carbon neutral target will be a key focus at the two sessions in Beijing this week so that's why aluminium and steel would be in the spotlight because they are energy intensive industries.
Published 03 Mar, 2021 06:00pm
LME adds Grafton to its list of approved warehouse firms
Markets

LME adds Grafton to its list of approved warehouse firms

  • The last warehouse company to be approved by the LME was Edgemere Terminals in August 2018, the LME said.
  • LME-registered warehouses also issue LME warrants, or title documents, through their London agents for material delivered into their approved warehouses.
Published 26 Jan, 2021 08:31pm
Aluminium hits lowest level in a month, copper climbs
Markets

Aluminium hits lowest level in a month, copper climbs

  • Three-month aluminium on the London Metal Exchange was down 1.6% at $1,998 a tonne.
  • With aluminium, you can't argue that the metal is in short supply. There are production increases pretty much across the board and new capacity is being energised.
Published 29 Dec, 2020 06:23pm