News –LME copper hits highest level of two weeks

Peru’ Las Bambas copper mine will suspend operations from April 20 as poor local communities continue to demand more money from the mine. The mine accounts for 2% of global supply.

Thermal Class: 130-220C
Conductor Material: Aluminum
Delivery time: 7-30 Days
Insulation: PEW, PIW, EIW, AIW, EI/AIW
Bobbin: 30kg/50kgWooden Spool
Brand Name: LP Magnet Wire

Analyze the current situation of copper prices in the financial market from the macro and spot. Analyzing data from the European Union, the United States and China, the current copper price is relatively stable and the changes are not very large.

Romanian aluminium company Alro SA (Alro Slatina) said this week that its downstream subsidiary Vimetco Extrusion has produced the first extruded aluminium from its new €10 million automatic aluminium extrusion line in Slatina. 

After two consecutive days of callbacks, copper prices stopped falling and volatile, while aluminum prices continued to strengthen supported by fundamentals. In terms of copper, the overall supply situation is improving. Domestic imported refined copper is gradually entering the warehouse, and the third round of dumping is superimposed. The market supply will increase. The consumer-side automobile industry is weak. It is expected that Shanghai Copper will be weakly consolidating in the near future. In terms of electrolytic aluminum, the dual control of energy consumption and power restrictions continue to ferment. The supply contraction is expected to have strong support for aluminum prices, and the three-time dumping of reserves is far less than the reduction in output. Therefore, the impact of the dumping of reserves on prices is limited, and the third time of dumping reserves has already been The rise to around 20,000 yuan also supports aluminum prices.

Aluminium Bahrain B.S.C. (Alba) began its Environment, Social and Governance (ESG) campaign this week, focusing on the firm’s goal of achieving net-zero carbon production by 2060.

In North America, aluminum is the predominant choice of winding material for low-voltage, dry-type transformers larger than 15 kilovolt-amperes(kVA).

In most other areas of the world, copper is the predominant winding material. The primary reason for choosing aluminum windings is its lower initial cost.

Norwegian aluminium producer Norsk Hydro ASA is facing civil charges in court that it allowed the world’s biggest aluminium smelter contaminate a nearby river in Brazil, harming thousands of indigenous families in the area.

Australian innovator Altech Chemicals Ltd. released promising results from its Preliminary Feasibility Study (PFS) of a 10 thousand metric tons per annum silicon/graphite alumina coating plant in Saxony, Germany this week, predicting a rate of return of 40 percent for the project.

The market is concerned about the supply of bauxite in Guinea
Aluminum prices hit a new high for more than ten years
Guinea is an important bauxite producing area in the world and an important source country for my country’s bauxite imports. Analysts said that if local political instability affects any link of local production, transportation and export, it may trigger global bauxite supply concerns, which will directly affect short-term international bauxite prices and push up the cost of raw materials in the aluminum market.

Brand Name: LP
Diameter: a:1-10,b:3-16
Temperature class: 180,200,220
Conductor Material: Aluminum
Certification: UL,ISO9001,ISO4001
Insulation: PEW, PIW, EIW, AIW, EI/AIW

Thermal class: 130C、155C、180C、200C、220C、240C
Insulation thickness: G1/G2/G3/G4
Carry out standard: IEC60317/NEMA /JIS C3202
Packing for round wire：
Cu: PT4/PT8/PT10/PT25/PT60/PT200
Al: PT15/PT25/PT60/PT200/PT270
Flat（CU& Alu）, wooden case, 30kg/50kg/80kg/100kg/150kg per spool net weight is capable.