Aluminum price at 17-month lows as strong dollar overshadows smelter cuts

China's industrial profit surged 179% in the first two months from the year-ago period.

Company said in a filing that net income slipped 5.9% year-on-year to 2.32 billion yuan ($353.6 million) in 2020.

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A new report by Roskill says the industry opinion is strongly – and evenly – divided between bearish and bullish views.

It is ironic that aluminum, a metal so central to the green revolution, risks not being able to grow sufficiently because of the pressure to decarbonise.

Nornickel owns a 50%-stake in the Bystrinsky mine.

China’s biggest copper smelters have decided to not set a floor price for second-quarter treatment and refining charges (TC/RCs) for the second straight year.

Looming inspections and concerns over Myanmar supplies are adding fresh momentum to a rally in prices of the rare earth minerals.

Escalating tensions between China and the West, as well as potential US tax hikes hit sentiment and led to investors buying into safe-haven dollar.