Aluminium - Copperbelt Katanga Mining

Aluminum Prices Expected to Drop 6% Amid Surplus and Weak Demand - Trafigura Analyst 1

Aluminum prices are projected to decline by at least 6% over the next six months as supply levels increase and high interest rates suppress manufacturing demand, according to an analyst from Trafigura Group, one of the largest traders of the metal. “We’re looking at a very grim demand picture right now,” stated metals analyst Henry Van at the CRU World Aluminum Conference in London on Wednesday. “It’s a fundamentally overdone rally.” Three-month aluminum futures on the London Metal Exchange have risen 8% this year, driven by broad gains across the… Read More Here

Mining in DRC Aluminium Hydro power plant

DRC Signs Agreement for 7,000 MW Hydroelectric Dam and Major Aluminum Industry Projects

May 15, 2024May 15, 2024 Constance

The Democratic Republic of Congo (DRC) is set to embark on an ambitious infrastructure project involving the construction of a 7,000 megawatt hydroelectric dam, an aluminum foundry plant, an aluminum refinery, and a port terminal. This development follows the signing of a memorandum of understanding between the Agency for the Development and Promotion of the Grand Inga Project (ADPI-RDC) and Natural Oilfield Services Limited (NOFLS). According to a press release received by MINES.CD on Tuesday, May 14, 2024, NOFSL has committed to conducting technical, environmental, social, and financial studies for… Read More Here

Aluminium

Ghana seeks strategic partner to upgrade VALCO aluminium smelter

June 14, 2022June 14, 2022 Janet

Ghana is on a roadshow to find a strategic partner to “revamp” state-owned Volta Aluminum Company’s (VALCO) aluminium smelter, Ghana Lands and Natural Resources minister Samuel Jinapor said on Monday at the Africa CEO Forum conference in Abidjan. Jinapor said Ghana, which has ample reserves of aluminium ore bauxite, aims to create an integrated aluminium industry in the country. “Today we are insisting … that exploration, prospecting, mining, refining, smelting, the downstream industry, all of it must be in Ghana,” Jinapor said. Ghana’s push to expand domestic processing capabilities echoes a move… Read More Here

Aluminium Cobalt Copper Gold Iron Tin

Chart: How metals prices performed in 2021

January 25, 2022January 25, 2022 Janet

How Metals Prices Performed in 2021 Looking back on what gave investors strong returns in 2021, it was the year of industrial and energy metals. As demand for industrial goods surged, so too did their material metals. But unlike energy prices which rose across the board last year, not all metals managed positive returns. This infographic looks at the year-over-year return on metals prices from January 1 to December 31 of 2021, using pricing data tracked by Tradingeconomics.com. Inflation and Raw Material Demand Spur Industrial Metals Last year saw inflation hit 30-year highs… Read More Here

Aluminium

Aluminum price jumps again as Guinea coup adds to supply worries

September 7, 2021September 7, 2021 Janet

Aluminum climbed to the highest in more than a decade after a coup in Guinea fueled concerns over raw material supplies, with futures holding gains even after the head of the junta urged miners to keep operations running. Metal prices extended gains and producer shares surged — industry leader Aluminum Corp. of China, or Chalco, jumped as much as 10%. Guinea is a major supplier of bauxite, the feedstock needed to make aluminum, and accounts for more than half of the imports by China. A unit of the military seized power Sunday and suspended the… Read More Here

Aluminium International

The price of aluminum at the highest level for 13 years

August 31, 2021August 31, 2021 Janet

Aluminum prices in Shanghai climbed to their highest level in more than 13 years on Monday amid supply issues in China and optimistic sentiment after US Federal Reserve Chairman Jerome Powell adopted a more conciliatory tone in a long-awaited speech. The most traded October aluminum contract on the Shanghai Futures Exchange rose 4.2% to 21,550 yuan ($ 3,332.41) per tonne, its highest level since August 1, 2008, before edging down decline to close at 21,495 yuan per ton, still up 3.9%. The metal has jumped over 30% this year, just behind… Read More Here

Aluminium Copper International Zinc

Market: China wants to free up its copper, aluminum and zinc reserves to stabilize prices

June 17, 2021June 17, 2021 Janet

China on Wednesday announced plans to release industrial metals from its national reserves to lower commodity prices, which some analysts say could be the first such move in a decade from the world’s largest consumer of metals. The National Food and Strategic Reserves Administration has said on its website that it will release batch copper, aluminum and zinc to non-ferrous metal processing and manufacturing companies “in the near future” via public auction . The advice came as Beijing struggles to curb a surge in metal prices this year, fueled by… Read More Here

Aluminium International

Growing demand for aluminum is rapidly reshaping the market landscape

May 25, 2021May 25, 2021 Janet

The answer for a growing number of electronics manufacturers, automakers, and packaging companies is as green as it gets. This growing demand for metal with a low or no carbon footprint is rapidly reshaping the market landscape. Russia’s Rusal, the world’s largest aluminum producer outside of China, last week announced plans to divest its higher-carbon production assets into a new company, leaving its low-emission refineries and smelters of carbon in a new “AL +” brand. Chinese company Hongqiao, the world’s largest private producer, plans to move another million tonnes of… Read More Here

Aluminium Copper Covid-19 Iron

China urges metals industry to curb price inflation

May 24, 2021May 24, 2021 Janet

Following an industry meeting on Sunday, the Chinese Government has urged its mining sector to work together and step away from speculation and price inflation, with global metal demand left in flux by the Covid-19 pandemic. The meeting, chaired by China’s National Development and Reform Commission (NDRC) and five other state bodies, included a number of private steel, iron and aluminium producers, who were urged to not further drive up metals prices, which have risen sharply this year. Between 4 January and 10 May, the price of aluminium on the… Read More Here

Aluminium

Aluminum price sinks on China’s move to sell state reserves

March 24, 2021March 24, 2021 Janet

Aluminum prices sunk on fears that Chinese authorities might release ingots to the market, further pressing rising supply concerns in the world’s top consumer of the metal. Aluminum for delivery in June was down 2.86% on Tuesday, after futures touched $2.229 a tonne on the Comex market in New York. The most-traded May aluminum contract on the Shanghai Futures Exchange dropped as much as 6% to 16,480 yuan ($2,531.33) a tonne, its lowest since February 22. It pared some of the losses later in the session to close 2.6% lower… Read More Here