Tag: Aluminum

Conflicting Reports Signal Chinese Aluminum Supply Uncertainty

Conflicting Reports Signal Chinese Aluminum Supply Uncertainty aluminum smelting aluminum supply

Conflicting reports continue to emerge from China regarding aluminum supply, demand, and production. Some information notes that the downturn in the country’s economy is largely due to the ongoing real estate crisis. As demand wanes, this poses questions regarding the internal pickup of aluminum and other base metals. However, other reports talk of the country […]

Aluminum MMI: Aluminum Prices Sideways as UK Sanctions Leave Market Uncertainty

Aluminum MMI: Aluminum Prices Sideways as UK Sanctions Leave Market Uncertainty Aluminum ingot and aluminum prices for December 2023

Aluminum prices continued to trade sideways during November and the first three weeks of December. Amid the long-term consolidation, prices sit only 6% beneath where they stood at the start of the year.  Overall, the Aluminum Monthly Metals Index (MMI) remained sideways, with a modest 0.34% decline from November to December. MetalMiner’s 2024 Annual Metals […]

Construction MMI: Construction Spending Rises but Construction Index Falls

Construction MMI: Construction Spending Rises but Construction Index Falls Construction News

The Construction MMI (Monthly Metals Index) strayed from its sideways trend to drop 6.84% month-over-month. A drop in European commercial aluminum 1050 sheet prices was the main culprit in the index’s decline. Construction news sources indicate with steel prices finally flattening out in recent weeks, the index could face further bearish pressure. Despite this, construction […]

Aluminum MMI: Aluminum Prices Sideways as Premiums Remain Bearish

Aluminum MMI: Aluminum Prices Sideways as Premiums Remain Bearish aluminum: raw aluminum manufacturing.

Although they fell 4.29% throughout October, aluminum prices remain trapped within a sideways trend established back in July. Prices retraced from their late-September spike but failed to create a lower low. Therefore, they continue to move within a tight range. Overall, the Aluminum Monthly Metals Index (MMI) remained sideways, with a modest 0.72% decline from […]

India’s Aluminum Appetite Surges: How Will This New Global Player Affect Aluminum Prices?

India’s Aluminum Appetite Surges: How Will This New Global Player Affect Aluminum Prices? Indian Aluminum

In an otherwise down market staring at a slow recovery in 2023, only India stands apart from the rest of the world in terms of aluminum production and consumption. Indeed, the government’s push for new infrastructure, especially for green energy, continues to drive domestic consumption and overall stability for aluminum prices. The country is already the […]

Aluminum MMI: Hydro Bets Big on Lower Carbon Aluminum, Aluminum Prices Remain Mostly Flat

Aluminum MMI: Hydro Bets Big on Lower Carbon Aluminum, Aluminum Prices Remain Mostly Flat Hydro

LME aluminum prices edged sideways throughout August, with a modest 1.69% month-over-month rise. Meanwhile, prices show little bullish or bearish momentum as they continue to trade within a tight range. Overall, the Aluminum Monthly Metals Index (MMI) continued to move sideways as well, rising a modest 0.79% from August to September. Get valuable market trends, […]

Desperate Move? Russia Importing Aluminum Oxide from India Amidst Shortage

Desperate Move? Russia Importing Aluminum Oxide from India Amidst Shortage Aluminum mill and aluminum prices

A somewhat desperate Russia has made some interesting moves relating to its need for aluminum oxide, also known as alumina. Recent reports indicate that the country began importing alumina from India several months ago. This is in addition to China, which already supplied aluminum oxide to Russia’s Siberian plants. Obviously, Russia found itself on a […]

Shake Up for Aluminum Prices? China’s Surge into Indonesia Sparks Market Shifts

Shake Up for Aluminum Prices? China’s Surge into Indonesia Sparks Market Shifts Deforestation: Excavators destroy rainforest to make way for oil

It’s called the “nickel model,” and China hopes to duplicate it for its aluminum industry. Indeed, after more than 20 years of fast growth, China’s aluminum sector recently reached its domestic capacity limit. The government imposed this ceiling on new smelter construction to cut down on pollution and energy consumption. Now, the policy spur significant […]

LME Quotation Anxieties Cause Aluminum Buyers Lose Sleep

LME Quotation Anxieties Cause Aluminum Buyers Lose Sleep Stuttgart, Germany - 03-28-2022: Smartphone with website of Brit

MetalMiner actively posts on a variety of metals and market developments. However, we prefer to discuss topics that our clients bring to us, especially those that keep buyers awake at night. One such topic that has been recurring over recent months is the anxiety surrounding the LME aluminum quotation. Specifically, there has been a lot […]

Aluminum MMI: LME Aluminum Prices Rise As Midwest Premium Falls

Aluminum MMI: LME Aluminum Prices Rise As Midwest Premium Falls dsadsadsa

Although aluminum prices started to rebound in the short term, they have yet to breach ranges that would signal the beginning of a new trend. Indeed, prices continue to create an uncertain environment for the aluminum market due to the lack of direction.  Overall, the Aluminum Monthly Metals Index (MMI) moved sideways, rising a modest […]

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