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...
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London Metal Exchange aluminium prices weakened across most contracts on February 2, a trend following the previous session. Meanwhile, exchange inventories made a soft recovery. The LME aluminium cash bid price continued to slip, reaching USD 3,041 per tonne on February 2 from USD 3,109 per tonne...
The European Commission’s proposed extension of the Carbon Border Adjustment Mechanism (CBAM) has gained the support of Metal Packaging Europe (MPE), advocating fairer carbon pricing in line with broader climate objectives and decisive action to address emissions across supply chains. To know more...
The US-based alternative investment firm, Stonepeak, is looking to undertake a 15 per cent stake in AM Green, the holding company of green energy, which is in advanced discussion now. With this, India is on the route to becoming one of the largest energy deals. The base of the deal It can be...
SHFE aluminium 2602 fluctuated downward in the morning session, with the price centre lower than the previous trading day. The decline in aluminium prices led to a slight increase in purchasing sentiment. However, constrained by the approaching Chinese New Year break, overall downstream procurement...
Century Aluminum Company (NASDAQ: CENX) today announced the sale of the Hawesville, Kentucky site, which will be redeveloped by TeraWulf Inc. (NASDAQ:WULF) into a digital infrastructure campus supporting high-performance computing and artificial intelligence workloads. Century will retain a...
The London Metal Exchange (LME) aluminium contract entered 2026 with a bang of a hike, as in early January, the three-month contract crossed USD 3,000 per tonne for the first time since 2022, trading at USD 3,015.50 before extending gains later in the month. The move was not the product of...
Ever since the US President Donald Trump’s tariff imposition, the market witnessed its regional aluminium premium rise, exceeding USD 1 per pound. Consequently, for the first time, the US Midwest Premium for aluminium has surged to an all-time high at USD 2,182 per tonne. According to the...
Shandong Innovation Group Co., Ltd. has achieved ASI Performance Standard V3.1 (2023) for the manufacturing of un-forged aluminium alloy ingots and aluminium alloy profiles at Shandong Innovation Metal Technology Co., Ltd., located in Shandong Province, China. To know more about the global primary...
The government of Odisha, in the presence of Chief Minister Mohan Charan Majhi, allotted Vedanta Aluminium, India’s largest producer of aluminium products , with land for over 1,447 acres, as a significant industrial push. This land has been provided to the firm for developing a 3 MTPA smelter...
According to the latest regulatory filing, Summit Global Investments has significantly reduced its exposure to Kaiser Aluminum Corporation during the third quarter. The investment firm trimmed its holding in the industrial products manufacturer by more than half, selling 5,683 shares over the...
Senior officials from the G7 and allied economies are set to convene in Washington next week, placing critical minerals firmly at the centre of discussions as concerns grow over China’s dominance in global supply chains. Representatives from the United States, the United Kingdom, the European...
LSKB Aluminium Foils, along with its backward integration partner Jupiter Aluminium Industries Pvt. Ltd. (JUPALCO) —both part of the Jupiter Group —hosted senior global leaders from the Global Aluminium Foil Roller Initiative (GLAFRI) at their Sonipat manufacturing facility, alongside an exclusive...
The much-awaited Union Budget FY2026-27, presented by the Finance Minister Nirmala Sitharaman on Sunday, February 1, signals a decisive shift towards aligning India’s economic growth with its decarbonisation ambitions and the long-term vision of Viksit Bharat 2047 . This Budget comes at a juncture...
Failing initially doesn’t mean failing overall - it just means something needs to be fixed, and that’s what summarises the whole of Alcoa’s financial report card. Alcoa started the year well, but after that it mostly went quiet. The business didn’t really improve again until the last quarter, which...
Under the Ministry of Mines and one of India’s leading alumina and aluminium producers and exporters, National Aluminium Company Limited (NALCO), a Navratna Central Public Sector Enterprise, reported the quarterly net profit, which is deemed to be the highest in its history. Q3 FY26, ending with...
In 2025, the total supply of primary aluminium in China, including both domestic production and imports, reached an estimated 46.64 million tonnes, up 3.1 per cent from the previous year, Mysteel estimated. To know more about the global primary aluminium industry 2026 outlook, book the report “...
Futures: During the night session on January 30, the most-traded SHFE aluminium 2603 contract opened at RMB 24,365 per tonne, reached a high of RMB 24,720 per tonne, touched a low of RMB 24,240 per tonne, and finally closed at RMB 24,600 per tonne, up RMB 40 per tonne or 0.16 per cent from the...
On January 30, which is the close of the week, the London Metal Exchange (LME) aluminium prices showed a significant dip in its contracts and futures prices. The declining trend has also been observed in the LME inventories as well. The LME cash bid dropped from USD 3,323 per tonne to USD 3,109 per...
