Industry News
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Chinese Aluminum Prices Have Shown Strong Resilience
Recently, aluminum prices have undergone a correction, following the strength of the US dollar and tracking the broader adjustments in the base metal market. This robust performance can be attributed to two key factors: high alumina prices on the raw materials and tight supply conditions at the m...Read more -
Aluminum Price Increasing Due to Cancell the Tax Refund by Chinese Government
On November 15th 2024, The Chinese Ministry of Finance issued the Announcement on the Adjustment of the Export Tax Refund Policy. The announcement will come into effect on December 1, 2024. Total 24 categories of aluminum codes were cancelled tax refund at this time. Almost covers all domestic al...Read more -
The United States International Trade Commission Made Aluminum Lithoprinting Board
On October 22nd, 2024, international trade commission u.s Vote on aluminum lithographic plates imported from China Make anti-dumping and countervailing industry damage positive final ruling,Make a positive determination of anti-dumping industry damage to aluminum lithography plates imported from ...Read more -
The United States Has Made A Preliminary Countervailing Ruling On Aluminum Tableware
On October 22, 2024, the Commerce Department issued a statement. For aluminum tableware imported from China (Disposable Aluminum Containers, Pans, Trays, and Lids) Make a preliminary countervailing ruling, preliminary report Henan Aluminum Corporation The tax rate is 78.12%. Zhejiang Acumen Livin...Read more -
Energy transition drives the growth of aluminum demand, and Alcoa is optimistic about the prospects of the aluminum market
In a recent public statement, William F. Oplinger, CEO of Alcoa, expressed optimistic expectations for the future development of the aluminum market. He pointed out that with the acceleration of global energy transition, the demand for aluminum as an important metal material is continuously incre...Read more -
Goldman Sachs raised its average aluminum and copper price forecast for 2025
Goldman Sachs raised its 2025 aluminum and copper price forecast on October 28. The reason is that, after implementing stimulus measures, the demand potential of China, the largest consumer country, is even greater. The bank raised its average aluminum price forecast for 2025 to $2,700 from $2,54...Read more -
In August 2024, the global primary aluminum supply shortage was 183,400 tons
According to the latest report released by the World Metals Statistics (WBMS) on October 16. In August 2024. Global refined copper supply shortage of 64,436 tons. Global primary aluminum supply shortage of 183,400 tons. Global zinc plate supply surplus of 30,300 tons. Global refined lead supply s...Read more -
Alcoa has signed an aluminum supply extension agreement with Bahrain Aluminum
Arconic (Alcoa) announced on October 15th that extended its long-term aluminum supply contract with Bahrain Aluminum (Alba). The agreement is valid between 2026 and 2035. Within the 10 years, Alcoa will supply up to 16.5 million tons of smelting-grade aluminum to the Bahrain Aluminum Industry. Th...Read more -
Alcoa partners with Spain’s Ignis to build a green future for San Ciprian aluminum plant
Recently, Alcoa announced an important cooperation plan and is in deep negotiations with Ignis, a leading renewable energy company in Spain, for a strategic partnership agreement. The agreement aims to jointly provide stable and sustainable operating funds for Alcoa’s San Ciprian aluminum p...Read more -
Supply disruptions and demand surged in China, and alumina surged to record levels
Alumina on the Shanghai Futures Exchange surged 6.4%,To RMB 4,630 per ton (contract US $655)，The highest level since June 2023.Western Australian shipments climbed to $550 a tonne,The highest number since 2021.Alumina futures prices in Shanghai surged to record highs as global supply disruptions...Read more -
Rusal plans to double its Boguchansky smelter capacity by 2030
According to the Russian Krasnoyarsk government,Rusal plans to increase the capacity of its Boguchansky aluminum smelter in Siberia to 600,000 tonnes by 2030. Boguchansky, The smelter’s first production line was launched in 2019, with an investment of us $1.6 billion.The initial estimated c...Read more -
The United States has made the final ruling of aluminum profiles
On September 27, 2024, The US Department of Commerce announced its final anti-dumping determination on aluminum profile (aluminum extrusions) that imports from 13 countries including China, Columbia, India, Indonesia, Italy, Malaysia, Mexico, South Korea, Thailand, Turkey, UAE, Vietnam and Taiwan...Read more