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Indonesia to ban bauxite exports from June, Malaysia targets “supply gap”
Malaysia, which was a top 10 supplier of bauxite to China, is expected to benefit after Indonesia announced a ban on bauxite exports from June 2023. According to Indonesian customs data, China imports 17.8 million tons of bauxite from Indonesia in 2021, accounting for about 15% of total imports. ...Read more -
Indonesia to ban bauxite exports by mid-2023
Indonesian President Joko announced on Wednesday local time that bauxite exports will be banned from June 2023 in order to promote the development of the local aluminum processing industry. The industry believes that China’s demand for imported bauxite is increasing due to the increase in n...Read more -
Rusal: En+ agrees to provide transport services to group member companies
On 19 December, Rusal (00486.HK) announced that a member of the Group entered into a contract with an associate of En+, pursuant to which the associate of En+ agreed to provide transportation services to a member of the Group (the “New Transportation Contract”). Pursuant to the New Tr...Read more -
EU reaches agreement on carbon tariffs, trial run to begin next October
On Dec. 13, the European Parliament and the Council of the European Union reached an agreement to establish a carbon border adjustment mechanism, i.e. to impose carbon tariffs on imported goods according to their greenhouse gas emissions. According to the European Parliament’s official webs...Read more -
Energy prices rise in tandem with the arrival of winter
By Peng Qiang, 21st Century Business Herald Beijing This week (Nov. 28-Dec. 2), crude oil prices rebounded from a low level shock, with WTI returning to the $80/barrel mark, and the European Union rushed to reach a consensus before the effective date of sanctions, agreeing to set the limit on Rus...Read more -
Global Aluminum Joins First Mover Alliance to Promote Energy Conservation and Emissions Reduction in the Aluminum Supply Chain Industry
Recently, Emirates Global Aluminium (EGA) joined the First Movers Coalition and is prioritizing the procurement of low-carbon products and services from carbon-emitting industries that incorporate emerging clean technologies. The First Movers Coalition aims to send a clear market signal to indust...Read more -
Aluminum industry faces macroeconomic headwinds
2022 is a period of volatility Aluminum prices have seen significant volatility in 2022 due to the Russia-Ukraine conflict, logistics issues, growing recession fears and the 2019 Neocoronavirus pandemic. Aluminum prices on the London Metal Exchange peaked at $3,849 per tonne in March this year, b...Read more -
Non-ferrous metal price increase factors
November 24, the National Bureau of Statistics announced that in mid-November, the circulation of important production materials market price changes in mid-November compared with the first half of November, 24 kinds of product prices rose, 24 kinds of decline, 2 kinds of flat. Among them, non-fe...Read more -
Production cuts continue in Europe and the U.S. Aluminum prices may rebound
Beijing time on November 18, the domestic futures market Shanghai aluminum futures main contract rose slightly during the day, now at 19200.00 yuan / ton, up 1.72%, the highest intraday touch 19210.00 yuan / ton, the lowest dip to 18880.00 yuan / ton. In the foreign market, LME aluminum futures o...Read more -
The first “Aluminum Roundtable Summit” was held in Sanya
On November 16, 022, China Nonferrous Metals Industry Association organized the first “Aluminum Roundtable Summit” in Sanya. China Aluminum Group Corporation, Shandong Weiqiao Venture Group Corporation, State Power Investment Group Corporation, Xinfa Group Corporation, Dongfang Hope G...Read more -
Mozal aluminum smelter shut down due to accident
South32, which owns the Mozal aluminum smelter, has suspended production of the accidental electrolytic aluminum series, involving a capacity of around 250,000 tons, following an accident at the plant that killed two employees and seriously injured a contractor on Nov. 7. According to the company...Read more -
Analysis of the impact of LME and US sanctions on Russian aluminum
Event Review As the situation between Russia and Ukraine continues to evolve, Bloomberg reported at the end of September, citing people familiar with the matter, the London Metal Exchange (LME) is launching a discussion paper to discuss whether and under what circumstances the new supply of Russi...Read more
