Industry News

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

In the first half of 2024, the global primary aluminum production increased by 3.9% year on year

According to date from the International Aluminum Association, global primary aluminum production increased by 3.9% year on year in the first half of 2024 and reached 35.84 million tons. Mainly driven by increased production in China. China’s aluminum production increased by 7% year on year... Read More

Canada will impose a 100% surcharge on all electric vehicles produced in China and a 25% surcharge on steel and aluminum

Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, announced a series of measures to level the playing field for Canadian workers and make Canada’s electric vehicle (EV) industry and steel and aluminum producers competitive in domestic, North American, and global mar... Read More

Aluminum prices were boosted by tight supplies of raw materials and expectations of a Fed rate cut

Recently, the aluminum market has shown a strong upward momentum, LME aluminium recorded its biggest weekly gain this week since mid-April. The Shanghai Metal Exchange of aluminum alloy also ushered in a sharp rise, he rally mainly benefited from tight raw material supplies and market expectation... Read More

The application of aluminum in transportation

Aluminum is widely used in the field of transportation, and its excellent characteristics such as lightweight, high strength, and corrosion resistance make it an important material for the future transportation industry.   1. Body material: The lightweight and high-strength characteristics of al... Read More

Bank of America is optimistic about the future of the aluminum market and expects aluminum prices to rise to $3000 by 2025

Recently, Michael Widmer, a commodity strategist at Bank of America, shared his views on the aluminum market in a report. He predicts that although there is limited room for aluminum prices to rise in the short term, the aluminum market remains tight and aluminum prices are expected to continue t... Read More

Indian National Aluminum signs long-term mining leases to ensure stable supply of bauxite

Recently, NALCO announced that it has successfully signed a long-term mining lease with the government of the state of Orissa, officially leasing 697.979 hectares of bauxite mine located in Pottangi Tehsil, Koraput District. This important measure not only ensures the safety of raw material suppl... Read More

Rising raw material costs and growing demand for new energy jointly drive up aluminum prices in Shanghai

Driven by strong market fundamentals and rapid growth in demand in the new energy sector, the Shanghai futures aluminum market showed an upward trend on Monday, May 27th. According to data from the Shanghai Futures Exchange, the most active July aluminum contract rose 0.1% in daily trading, with ... Read More

Global aluminum market supply is tightening, with Japan’s aluminum premium prices soaring in the third quarter

According to foreign media reports on May 29th, a global aluminum producer has quoted $175 per ton for aluminum premium to be shipped to Japan in the third quarter of this year, which is 18-21% higher than the price in the second quarter. This soaring quotation undoubtedly reveals the current sup... Read More

The Chinese aluminum market saw strong growth in April, with both import and export volumes rising

According to the latest import and export data released by the General Administration of Customs of China, China achieved significant growth in unwrought aluminum and aluminum products, aluminum ore sand and its concentrate, and aluminum oxide in April, demonstrating China’s important posit... Read More

IAI: Global primary aluminum production increased by 3.33% year-on-year in April, with demand recovery being a key factor

Recently, the International Aluminum Institute (IAI) released global primary aluminum production data for April 2024, revealing the positive trends in the current aluminum market. Although the raw aluminum production in April slightly decreased month on month, the year-on-year data showed a stead... Read More
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