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China

ASI certifies Guangya Aluminum Co., Ltd. against Performance Standard V3.1 and Chain of Custody V2
Sustainability
Guangya Aluminum Co., Ltd has achieved ASI Performance Standard V3.1 (2023) and Chain of Custody (CoC) Standard V2 (2022) Certification for the production of aluminium alloy architectural profiles and industrial profiles, and related management activities at Guangya Aluminum Co., Ltd., located in Nanhai District, Foshan City, Guangdong Province, China. Aluminium Stewardship Initiative (ASI) today announced that Guangya Aluminum Co., Ltd. has been certified against the ASI Performance Standard ...
Vedanta, Nalco and Hindalco shares fall as aluminium prices weaken on rising Chinese supply
Primary AL
Falling aluminium prices and concerns over rising Chinese supply pressured metal stocks on Tuesday, with shares of Vedanta, Hindalco Industries, National Aluminium Company (NALCO), Hindustan Zinc and major steelmakers trading lower. According to a commodity note by Kotak, aluminium prices have come under pressure due to increasing Chinese exports and domestic aluminium production in China remaining close to record levels. Despite the recent decline, the brokerage noted that global aluminium o ...

Primary AL
The morning session saw the SHFE aluminium 2606 contract trade with a centre lower than the same period of the previous trading day. As aluminium prices declined, the release of stockpiling demand from earlier price drops, combined with pervasive bearish sentiment, kept overall buying interest weak today. Transaction prices continued to move lower, with mainstream trades at a discount of RMB 30-50 per tonne against the SHFE aluminium July contract. The east China shipment sentiment index stoo ...
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