Industry News

WBMS:The global refined aluminum market was short of 40,300 tons in October 2024

According to a report released by the World Metals Statistics Bureau (WBMS),In October, 2024,Global refined aluminum production totaled 6,085,6 million tons,Consumption was 6.125,900 tons,Thus there is a supply shortfall of 40,300 tons. From January to October, 2024,Global refined aluminum produc... Read More

China’s Aluminum Production And Exports Increased Year On Year In November

According to the National Bureau of Statistics, China’s aluminum production in November was 7.557 million tons, up 8.3% year on year growth. From January to November, the cumulative aluminum production was 78.094 million tons, up 3.4% year on year growth. Regarding export, China exported 19... Read More

U. S. Raw Aluminum Production fell 8.3% in September to 55,000 tons from a year earlier

According to statistics from the United States Geological Survey (USGS). The US produced 55,000 tons of primary aluminum in September, down 8.3% from the same month in 2023. During the reporting period, recycled aluminum production was 286,000 tons, up 0.7% year on year. 160,000 tons came from ne... Read More

Japan’s Aluminum Imports Rebounded In October, Up to 20% Year on Year Growth

Japanese aluminum imports hit a new high this year in October as buyers entered the market to replenish inventories after months of waiting. Japan’s raw aluminum imports in October were 103,989 tons, up 41.8% month-on-month and 20% year-on-year. India became Japan’s top aluminum suppl... Read More

Glencore Acquired A 3.03% Stake In The Alunorte Alumina Refinery

Companhia Brasileira de Alumínio Has sold its 3.03% stake in the Brazilian Alunorte alumina refinery to Glencore at a price of 237 million reaals. Once the transaction is completed. Companhia Brasileira de Alumínio will no longer enjoy the corresponding proportion of the alumina production obtain... Read More

Rusal will optimize production and reduce aluminum production by 6%

According to the foreign news on November 25. Rusal said on Monday, with record alumina prices and deteriorating macroeconomic environment, the decision was made to reduce alumina production by 6% at least.  Rusal, the world’s largest aluminum producer outside of China. It said, Alumina pri... Read More

5A06 Aluminum Alloy Performance And Applications

The main alloy element of 5A06 aluminum alloy is magnesium. With good corrosion resistance and weldable properties, and also of moderate. Its excellent corrosion resistance makes the 5A06 aluminum alloy widely used for marine purposes. Such as ships, as well as cars, aircraft welding parts, subwa... Read More

Russian aluminum supply to China hit a record high in January-August

Chinese customs statistics show that from January to August 2024, Russia’s aluminum exports to China increased 1.4 times. Reach a new record, total worthy about $2.3 billion US doller. Russia’s aluminum supply to China was just $60.6 million in 2019. Overall, Russia’s metal supp... Read More

Alcoa has reached a partnership agreement with IGNIS EQT to continue operations at the San Ciprian smelter

News on October 16th, Alcoa said on Wednesday. Establishing strategic cooperation agreement with the Spanish renewable energy company IGNIS Equity Holdings, SL (IGNIS EQT). Provide funding for the operation of Alcoa’s aluminum plant in northwest Spain. Alcoa said it would contribute 75 mill... Read More

Nupur Recyclers Ltd Will invest $2.1 million to start aluminum extrusion production

According to foreign media reports, New Delhi-based Nupur Recyclers Ltd (NRL) has announced plans to move into aluminum extrusion manufacturing through a subsidiary called Nupur Expression. The company plans to invest about $2.1 million (or more) to build a mill, to meet the growing demand for re... Read More

Bank of America: Aluminum prices will climb to $3000 by 2025, with supply growth significantly slowing down

Recently, Bank of America (BOFA) released its in-depth analysis and future outlook on the global aluminum market. The report predicts that by 2025, the average price of aluminum is expected to reach $3000 per ton (or $1.36 per pound), which not only reflects the market’s optimistic expectat... Read More

Aluminum Corporation of China: Seeking Balance amidst High Fluctuations in Aluminum Prices in the Second Half of the Year

Recently, Ge Xiaolei, the Chief Financial Officer and Secretary of the Board of Directors of Aluminum Corporation of China, conducted an in-depth analysis and outlook on the global economy and aluminum market trends in the second half of the year. He pointed out that from multiple dimensions such... Read More
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