Abu Dhabi-based International Holding Company (IHC) and India’s Adani Group have expanded their investment plans in Odisha, outlining INR 2.105 trillion (USD 25 billion) of potential investment across 14 projects spanning metals, critical minerals, energy, chemicals and infrastructure. The...
1. Macro perspective The US-Iran conflict escalated sharply. On September 9, Iran's Revolutionary Guard struck multiple oil tankers and merchant vessels in the Strait of Hormuz, causing a significant drop in strait traffic. Brent crude broke through USD 100 per bbl, closing at USD 101.21, while WTI...
Grow with
AL Circle
Escalating geopolitical tensions in the Middle East since February 28 are likely to disrupt primary aluminium production there and cause additional alumina cargoes to be redirected to markets outside the region including China, according to Mysteel's recent analytical report on the commodity. The...
China has proposed a unique strategy to address structural balances in heavy industries. While the country intends to strengthen supervision and management in industries such as alumina, copper, coal, and chemicals, the authorities aim at reducing production in sectors like steel manufacturing and...
Futures: In the overnight session, the aluminium alloy 2604 contract moved downwards after a higher opening and fluctuated downward. After opening at RMB 23,295 per tonne, it rose to RMB 23,420 per tonne, then continued to pull back, bottoming at RMB 23,000 per tonne and closed at RMB 23,170 per...
Rio Tinto, a leading global mining group, holds various projects, aiming to enhance its Amrun bauxite operations in the far north of Queensland. Due to the rising operational improvements at Amrun operations, bauxite production in 2025 saw an increase of 6 per cent, reaching a total of 62.4 million...
March 5 saw an easing of the London Metal Exchange (LME) aluminium prices after hitting a 4-year high level at the previous close. Aluminium prices maintained a 3-day streak on the rising graph, which raised concerns in the industry. The ongoing geopolitical tensions in Iran led to the shutdown of...
Potential partnership between Tajikistan’s Ministry of Industry and New Technologies and the United Kingdom to jointly extract, process, and develop critical minerals becomes more realistic as the former has passed a draft memorandum of understanding (MoU) with the UK government. This cooperation...
On March 1, a Sunday afternoon, a call that shocked the leaders at Novelis, yet again. The call informed of another fire breakout at the firm's facility in Greensboro, Georgia, dedicated to aluminium recycling. According to the call made, Joe Bashore, the Greene County Fire Public Safety, Emergency...
India’s renewable sector (focusing on solar this time) came to the end of 2025 with the highest-ever renewable energy expansion in India’s energy transition journey. Among all, solar installed capacity touched 132.85 GW as India added nearly 35 GW from January to November 2025, as compared to the...
Argentina and China are deepening their aluminium trade ties, highlighted by Argentina's February 2026 decision to eliminate a 28 per cent antidumping duty on Chinese aluminium foil, reversing trade barriers from 2020. The Argentine Ministry of Economy issued Resolution 172/2026 to end the review...
A new report by L.E.K. Consulting for the Australian Aluminium Council released today has found that while aluminium recycling offers one of the most effective pathways to lower-emissions manufacturing, significant economic, technical and policy barriers are preventing investment in domestic...
Grundfos, one of the world’s leading companies in energy-efficient water solutions, announced the launch of the Grundfos Intelligent Experience Centre (GIEC) in Chennai, India. The Centre marks a major milestone in the company’s commitment to innovation, sustainability, and customer-centric...
The US primary aluminium market is navigating a challenging phase as domestic production declines and imports tighten under higher tariffs. With smelter output under pressure and external supply becoming less predictable, concerns around supply stability have intensified. Uncertainty surrounding...
In order to jointly explore the deposits of rare earth in Rajasthan's deserts, Japan is now in conversation with India. This has been confirmed by the two people who are familiar with the discussion and the move comes when Tokyo is looking for measures to reduce its dependence on the supply of...
Alumil Misr for Trade & Industry SAE, the Egyptian subsidiary of Alumil SA, will be receiving a loan of USD 15.88 million from the European Bank for Reconstruction and Development (EBRD). With this investment, Egypt’s aluminium production will be supported by constructing and installing a new...
Mysteel's daily price assessment showed that the national average spot price for smelter-grade alumina with a purity above 98.6 per cent edged up by RMB 2 per tonne (USD 0.3 per tonne) from Tuesday to RMB 2,671 per tonne, including 13 per cent VAT on Wednesday. The uptick was chiefly supported by...
Notable global supplier of sustainable and recyclable metal beverage cans, Ardagh Metal Packaging SA (AMP), published its fourth quarter and full-year financial results, delivering steady growth in both segments. The resilient performance was reinforced by higher shipments, a favourable mix and...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter on one site, announced a set of leadership appointments that underscore its long-term commitment to succession planning, leadership continuity, and the advancement of Bahraini talent into critical leadership roles. Explore- Most...
On March 4, the London Metal Exchange (LME) aluminium price reflected a 4-year high level, since the COVID in early 2022. On this day, the LME cash bid rose by USD 110.5 per tonne or 3.4 per cent, shifting from USD 3,267 per tonne to USD 3,377.5 per tonne. The cash offer marked a difference of USD...
