Global aluminum market to have oversupply of 879,000 tons in 2022
In spite of aluminum production reduction in Europe and China due to power shortages and buyers choosing not to purchase from Russia, the supply was still sufficient and the demand…
China’s primary aluminum social inventory decreases in Sept.
As of September 29, China’s social inventory of primary aluminum totaled 619,000 tone, decreasing by 47,000 tons from last Thursday, de 57,000 tons from August, and by 198,000 tons from…
France’s Constellium to continue purchasing aluminum from RUSAL
An executive at Constellium SE, a France-based rolled aluminum producer, said the company planned to continue purchasing aluminum from RUSAL next year as RUSAL has not been sanctioned. The executive…
US confirms China’s circumvention of AD & CVD duties on stainless steel sheet and strip
According to notice by the US International Trade Administration (USITA) on September 15, 2022, the US Department of Commerce (USDOC) preliminarily determined that certain stainless steel sheet and strip originating…
European metal manufacturers face cutting or closing production on concern of high energy costs
Many European metal manufacturers might face to shut down their production because of high electricity costs because Russia stopped supplying natural gas to Europe and made energy prices hike. Prin urmare,…
Boeing stops purchasing aluminium from Russia overlooking delivery issues
Boeing declared that it has stopped buying aluminium from Vladimir’s Russia due to the ongoing crisis in Russia and Ukraine. This is the second time Boeing has halted its sourcing…
Novelis Inc will not to purchase metals from Russia next year
Novelis Inc., a Georgia-based industrial aluminum company, released a clear statement in a tender for 2023 supply to its European plants that it would stop buying metals originating in Russia…
US initiates circumvention inquiry of AD & CVD on China’s common alloy 4017 foaie de aluminiu
According to a notice from the US International Trade Administration (USITA) on August 26, 2022, the US Department of Commerce (USDOC) initiated a circumvention inquiry to determine whether imports of…
LME aluminium price grows by US$11.5/t to US$2,387.50/t
On Monday, August 22, both LME aluminium cash bid price and LME aluminium official settlement price went up by US$11.5 per tonne or 0.48 per cent to settle at US$2,387…