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Alumina Prices Surge: Will Aluminium Smelters Face a Squeeze or Relief in 2025?

Alumina Prices Surge: Will Aluminium Smelters Face a Squeeze or Relief in 2025?

Oct 16, 2024 21:36

Since the start of 2024, the global alumina market has faced constant supply disruptions, leading to a steady price increase. On October 14, the Shanghai Futures Exchange’s (SHFE) main alumina contract hit an all-time high, with prices reaching 4,818 yuan/ton during the day and closing at 4,815 yuan/ton. In the night session, it climbed even further to....

LGES signs supply agreement with Ford to boost localised battery production

LGES signs supply agreement with Ford to boost localised battery production

Oct 15, 2024 22:07

LG Energy Solution (LGES) has signed a major supply agreement with Ford Motor Company to provide 109 GWh of battery modules for Ford’s electric commercial vehicles in Europe, starting in 2026, with production taking place at LGES's Poland plant. In the US, LGES will produce batteries for Ford’s Mustang Mach-E at its Michigan plant from 2025. SMM believes that

Alumina Prices Surge: Will Aluminium Smelters Face a Squeeze or Relief in 2025?

LGES signs supply agreement with Ford to boost localised battery production

DIAMOND SPONSOR Tianqi Lithium Debuts at Li-ion Battery Europe 2024

SMM Analysis On China September Metals Production And October Forecast

During the National Day holiday, the PV market saw transactions. How will the market perform in October?

Canada's aluminium and steel tariff surcharge on China to be effective from Oct 22

Only 54,000 mt accumulated after the National Day holiday! Why is this year's holiday aluminum inventory accumulation the lowest in nearly five years? [SMM Analysis]

[SMM Analysis] Merger Again! Rio Tinto Becomes the World's Third Largest Lithium Producer

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Supply increase exceeds demand and macro factors pressure base metals; short-term lead price trend is weak [SMM Lead Morning Comment]

Overnight, LME lead opened at $2,090/mt, fluctuated upward after the opening, peaked at $2,102.5/mt during the European session, but weakened due to market concerns over downstream consumption and a stronger US dollar index.

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Oct 18, 2024 09:15

"Terrifying Data" Exceeded Expectations, US Fed's Rate Cut Likely to be Reduced [SMM Copper Morning Comment]

LME copper opened at $9,491/mt overnight, initially fluctuating upward to a high of $9,542/mt, then declining to a low of $9,477.5/mt near the close, and finally rebounding slightly to close at $9,506.5/mt, down 0.88%.

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Oct 18, 2024 09:14

SMM Nickel Market Morning Comment (Oct 18)

On October 17, Jinchuan nickel was quoted at a premium of 1,400-1,500 yuan/mt, with an average of 1,450 yuan/mt, remaining flat compared to the previous trading day.

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Oct 18, 2024 09:14

Gasgoo Daily: Volvo Cars partners with CATARC to establish New Energy Joint Innovation Base

With Gasgoo Daily, we will offer daily important automotive news in China.

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Oct 17, 2024 18:57

Autowise.ai licensed to test unmanned sanitation vehicles in Hangzhou city

On October 16, Autowise.ai, Chinese autonomous driving startup, received a license from Hangzhou city, Zhejiang Province, which allows it to test its autonomous sanitation vehicles, according to a pos...

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Oct 17, 2024 17:36

GAC AION announces foray into Vietnamese market

On October 15, GAC AION officially marked its entry into the Vietnamese market with the grand opening of its first flagship store in Ho Chi Minh City, according to a post on GAC AION's WeChat account.

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Oct 17, 2024 17:36

SMM: Exploring the Potential of Different Energy Storage Technologies at Li-ion Battery Europe 2024

At the Li-ion Battery Europe 2024 held by SMM in Brussels, Belgium, SMM Senior Consulting Project Manager Zhu Jian shared insights on the topic "Unlocking the Potential of Different Energy Storage Technologies."

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Oct 17, 2024 17:35

Bosch, SAIC Motor’s joint venture UAES inaugurates Taicang plant’s Phase III

On October 16, 2024, United Automotive Electronic Systems Co., Ltd. (UAES), a joint venture between Bosch and SAIC Motor-backed Zhong-Lian Automotive Electronics Co., Ltd., celebrated the inaugurati...

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Oct 17, 2024 17:35

GAC AION’s HYPTEC launches new edition of HT 670 model with upgraded smart driving solution

GAC AION's premium electric vehicle brand, HYPTEC, officially put the HT 670 model’s Advanced Intelligent Driving Edition, onto the market on Oct. 16, priced at 229,900 yuan.

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Oct 17, 2024 17:32

GAC Leasing introduces France’s CA Personal Finance & Mobility as strategic investor

On October 15, Crédit Agricole Personal Finance & Mobility, a subsidiary of France's Crédit Agricole Group, signed a capital increase agreement with GAC Group's two subsidiaries—GAC Business Co., ...

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Oct 17, 2024 17:30

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