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SMM Exclusive: China October Metal Production Report (October Review & November Forecast)
Nov 12, 2024 11:48
In October, SMM China's copper cathode production decreased by 8,600 mt MoM, a decline of 0.86%, but increased by 0.19% YoY, and exceeded expectations by 2,200 mt.
Oman’s vision 2040: Integrated aluminium cluster to propel economic growth
The oldest independent state in the Arab world, Oman is progressing with plans to establish an 'Integrated Economic Cluster for Aluminium Industries' in Suhar, a key hub for multibillion-dollar investments focused on this valuable metal. The Oman Vision 2040 Implementation Follow-Up Unit leads these efforts, collaborating closely with various government ministries and agencies to bring this strategic initiative to fruition.
Nov 22, 2024 10:07
Downstream Restocking and "Rush Exports" Drive Aluminum Ingot Inventory to New Lows in H2 [SMM Aluminum Morning Meeting Summary Nov 22]
Overnight, the most-traded SHFE aluminum 2501 contract opened at 20,700 yuan/mt, reaching a high of 20,710 yuan/mt and a low of 20,590 yuan/mt, closing at 20,620 yuan/mt, down 100 yuan/mt from the previous close, a decrease of 0.48%.
Nov 22, 2024 09:42
October Aluminum Extrusion Exports Decline Again; November May See Slight MoM Increase Due to Rush Orders [SMM Analysis]
SMM, November 21: According to customs data, China's aluminum extrusion exports (HS codes 76041010, 76041090, 76042100, 76042910, 76042990) in October 2024 amounted to 88,100 mt, down 6.61% MoM, but up 14.18% YoY.
Nov 21, 2024 09:41
Analysis of China's Bauxite Imports: Impact of Guinea's Rainy Season Continues, Non-Mainstream Bauxite Imports Hit Five-Year Monthly High [SMM Analysis]
SMM, November 21: According to the General Administration of Customs of China, in October 2024, China imported 12.289 million mt of bauxite, up 6.4% MoM and up 10.7% YoY.
Nov 21, 2024 09:36
US Dollar Index Rebounds, Aluminum Futures Under Pressure Overnight [SMM Aluminum Morning Brief Nov 21]
Overnight, the most-traded SHFE aluminum 2501 contract opened at 20,750 yuan/mt, reaching a high of 20,815 yuan/mt and a low of 20,645 yuan/mt, and closed at 20,675 yuan/mt, down 125 yuan/mt from the previous close, a decline of 0.6%.
Nov 21, 2024 09:22
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