At the beginning of 2017, aluminum performed an outstanding result. SHFE broke RMB14000 on January 25th and LME Aluminum was at an 18-month high of USD1839 in the same week. Last November, China’s aluminum price performed very strongly, driven by the impact of the speculative fund, environmental control and transportation policies. At that time, the LME price […]

By: Kathy Liu | Read More

China’s aluminum production in December was 2891Kt, according to the IAI.   It remained flat with November’s daily production number.  It is a daily run rate of 93,000t per day. If you subscribe to our weekly reports, you must have noticed the added capacity news from restarts and new projects in recent months.  Hardly a week […]

By: Kathy Liu | Read More

Throughout the last quarter in 2016, bulk commodities all presented strong prices, especially led by black metal and nonferrous metal. Hot money flowed into the sector constantly with the support of multiple positive factors like tightening freight capacity and limited supply. The difference between the future price and the spot price for aluminium once exceeded […]

By: Steph | Read More

We mentioned the Alcoa smelter at Portland Australia smelter might receive a big amount of subsidies with $240 million from the Australia Government last week.  As part of $240 millions, the Federal Government had announced they will provide $30 million to Alcoa as a secure package for Portland. A week later, on January 20th, Alcoa announced […]

By: Kathy Liu | Read More

As most readers know, I am still on vacation, far from the world of aluminum and carbon – or at least so I thought. Reports this morning in Reuters, Bloomberg and the New York Times (they are all claiming the story is theirs), have prompted me to put down the pina colada and pen a […]

By: Paul Adkins | Read More

Alcoa Portland smelter curtailed one potline for more than five hours when they experienced a power failure on 1st of December. More than 200 pots cooled and solidified. At the moment, Alcoa Portland is running at 30% of its capacity. It costs this 30 year old smelter around $1 million a day for the curtailment. This […]

By: Kathy Liu | Read More
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