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LME aluminium price graph: Aluminium prices remain under pressure as inventories continue to decline
19 Jun 20262MINS
Primary AL
LME aluminium prices edged lower on June 18 compared with June 17, while warehouse stocks continued to fall. However, longer-dated contracts posted modest gains. The LME cash bid price slipped to USD 3,401.50 per tonne on June 18 from USD 3,405 per tonne a day earlier, representing a decline of 0.10 per cent. The cash offer price also eased by 0.10 per cent to USD 3,402 per tonne from USD 3,405.50 per tonne. Three-month aluminium prices also moved lower. The three-month bid fell from USD 3,4 ...
Vedanta Aluminium shares rise as Citi and Kotak turn positive on stock
19 Jun 20262MINS
Primary AL
Vedanta Aluminium shares were in focus on Thursday after brokerage firms Citi and Kotak Institutional Equities initiated coverage on the stock with ‘Buy’ ratings. The stock was trading 0.56 per cent higher at 9:40 am and had earlier risen as much as 2.93 per cent to INR 479 (USD 5.08) per share. Despite the gain, Vedanta Aluminium remains more than 10 per cent below its listing price of INR 522 (USD 5.53). Vedanta Aluminium was listed on the stock exchanges on June 15 and was the only one of ...

18 Jun 20262MINS
Bauxite
VBX Limited has obtained approval from the Western Australian Environmental Protection Authority (EPA) and the Australian Government's environment department to modify the development plan for its Wuudagu bauxite project in northern Western Australia. The revised proposal reduces the project's indicative footprint by almost 10 per cent to about 1,775 hectares while increasing planned mining and beneficiation rates to up to 9 million tonnes per annum (Mtpa). One of the major changes involves ...
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