The Aluminum Association has called for a ban on used beverage can exports from the U.S. to China, citing strategic resource security and the need to keep scrap supply for domestic recycling.👉 Source: Reuters Summary: WASHINGTON, Oct 14 (Reuters) – A trade group representing the aluminum industry called on Tuesday for a ban on U.S. […]
The U.S. Aluminum Association is urging restrictions on exports of used beverage cans and other scrap, to bolster domestic supply and reduce dependence on overseas recycling.👉 Source: Mining.com Summary: The US Aluminum Association called for restrictions on some scrap metal in an effort to bolster a domestic supply. In a white paper released Tuesday, the […]
The LME unveiled its framework for sustainable metal premium pricing, inviting feedback via a discussion paper. The initiative includes use of the Metalshub platform and eligibility criteria based on sustainability disclosures.👉 Source: LME Press Release / LME site Summary: These include the launch of a new HKEX Group company in Dubai that will serve as […]
According to SMM, the social inventory of secondary aluminium ingots in major consumption regions fell by 1,600 mt to 54,800 mt compared to 9 October.👉 Source: SMM / Metal.com Summary : According to SMM statistics, the social inventory of secondary aluminum ingots in mainstream domestic consumption areas was 54,800 mt on October 16, a decrease […]
Aluminium prices rose 1.01% in some regions as LME benchmark moved above USD 2,750/t. Supply tightness, China’s curbs on base metal output, and high speculative interest supported the rally.👉 Source: Investing.com Summary : Aluminium prices rose 1.01% to settle at 264.15, tracking LME prices that climbed above $2,750 per tonne in October — the highest […]
On 15 October, the Wood Mackenzie LME Forum will be held in London during LME Week, with discussions on metals outlook, supply dynamics, and strategic market drivers.👉 Source: LME “What’s On” Market Snapshot (latest): Premium / fees: U.S. Midwest premium / duty-paid data via LME’s premium page Lme Aluminium: ~ USD 2,746.10/t (down ~0.86%) — […]
SMM reports that on 15 October, China’s social inventory of secondary aluminium ingots increased by 26 metric tonnes, reflecting easing in destocking momentum.👉 Source: SMM / Metal.com Summary : According to SMM statistics, on October 15, the combined daily social inventory of secondary aluminum ingots in Foshan, Ningbo, and Wuxi totaled 49,151 mt, an increase […]
The LME cash bid fell by USD 26/t (0.93%) to USD 2,773, while the cash offer slipped to USD 2,774. The 3-month bid/offer also saw declines of ~USD 34.5/t (1.2%) to USD 2,752/2,752.5.👉 Source: AlCircle Summary: The LME cash bid fell by USD 26 per tonne or 0.93 per cent to reach USD 2,773 per […]
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The SHFE alumina contract hit a new high, reaching 4,818 yuan/ton during trading and closing at 4,815 yuan/ton, adding pressure to aluminium producers.👉 Source: Metal.com / SMM Summary: Since the start of 2024, the global alumina market has faced constant supply disruptions, leading to a steady price increase. On October 14, the Shanghai Futures Exchange’s […]