Aluminum Top Stories

Aluminum price soars as China cancels tax incentive on exports

The export tax rebate was also removed for copper and lowered for some refined oil, solar, battery and non-metallic mineral products.

Bloomberg News | November 15, 2024 | 7:56 am

China should use more aluminum and recycled copper, industry says

China depends on overseas imports for 60% of its aluminum…

Reuters | November 12, 2024 | 5:10 pm

Hindalco beats Q2 profit view on higher aluminum prices

The benchmark aluminum and copper prices on the LME rose…

Reuters | November 11, 2024 | 9:18 am

World’s top energy trader Vitol eyes metals as oil demand set to peak

CEO Hardy points to iron ore, copper, and aluminum as…

Staff Writer | November 8, 2024 | 9:12 am

Vedanta tops Q2 profit view on higher metals prices

Vedanta benefitted from higher prices of aluminum, zinc and copper,…

Reuters | November 8, 2024 | 7:22 am

UK fraud watchdog settles case brought by ENRC for ‘leaks’ during investigation

The Kazakh mining group accused Britain's Serious Fraud Office of leaking information about a corruption probe to journalists.

Reuters | October 8, 2024 | 11:11 am

Column: Energy transition story rekindles fund interest in metals

A potential return of heavyweight investment flows to the sector could be as powerful a price driver as physical supply shortages.

Reuters | October 7, 2024 | 9:00 am

Aluminum market squeeze intensifies amid LME delays and rising costs

The market has also been eyeing a large long position in October contracts held by Trafigura Group.

Staff Writer | October 7, 2024 | 6:55 am

Rusal plans to double Boguchansky smelter capacity by 2030

Rusal, the world's largest aluminum producer outside China, launched the first production line at Boguchansky in 2019.

Reuters | October 4, 2024 | 9:06 am

China files appeal to WTO on Canada’s tariffs on EVs, metal products

Canada began imposing on Tuesday a 100% levy on EVs shipped from China, having also announced in late August a 25% tariff on Chinese steel and aluminum products.

Reuters | October 3, 2024 | 3:07 pm

Chinese delegates jolt LME week with their newfound optimism

For the last couple of years, the biggest consumer and producer has been a buzzkill for metals bulls.

Bloomberg News | October 3, 2024 | 9:53 am

LME monitors tightness in aluminum market after spike in spread

The premium of LME October aluminum over November hit $18 a tonne on Wednesday from a premium of $5.85 about three weeks ago.

Reuters | October 2, 2024 | 7:02 am

Canada to hit Chinese steel and aluminum with tariffs on Oct. 22

Country published a list of dozens of Chinese steel and aluminum products on which it will place a 25% tariff, starting in three weeks.

Bloomberg News | October 1, 2024 | 2:27 pm

Aluminum squeeze rolls on with key LME spread spiking again

The October monthly contract traded at a $22 premium to November on Tuesday, hitting a new high after the spread jumped by more than $9 the previous day.

Bloomberg News | October 1, 2024 | 10:59 am

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