LME aluminium prices advanced on October 28, with cash and three-month contracts posting gains. The Asian Reference Price moved lower, while exchange opening stocks and cancelled warrants declined. Alumina Platts prices recorded a stronger increase. The cash bid rose 0.73 per cent to USD 3,100 per tonne from USD 3,077.50 per tonne. The cash offer increased 0.75 per cent to USD 3,101 per tonne on October 28 from USD 3,078 per tonne previously. Three-month aluminium prices also moved higher. The bid climbed 0.70 per cent to USD 3,083.50 per tonne from USD 3,062 per tonne, while the offer advanced 0.65 per cent to USD 3,084 per tonne from USD 3,064 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market...
Copper could climb towards USD 16,000 per tonne over the next six to 12 months, while aluminium may offer a shorter-term trading opportunity following its recent correction, according to Navneet Damani, senior group vice-president and head of research for commodities and currency. Speaking on BusinessLine’s Trending Commodity Picks programme, Damani said copper continued to benefit from supply constraints and demand from emerging industries, while aluminium’s price trajectory had been influenced by fluctuations in energy costs and changing supply conditions. Damani said aluminium had climbed from around USD 3,100 to USD 3,600 per tonne earlier in 2026, supported by increases in electricity, crude oil and coal prices. The metal subsequently corrected towards USD 3,300 per tonne, although...
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Based on the latest data revealed by the International Aluminium Institute, the world's primary aluminium production is set to surpass the previous year's output, marking a new year's high. In December 2024, the world's primary aluminium output needs to achieve only above 4.194 tonnes to exceed the 2023 total of 70.716 million tonnes. From January to November 2024, the world's primary aluminium production reached 66.522 million tonnes. Image Source: Flickr In November 2024, the world's primary metal output decreased by 3.07 per cent M-o-M, reaching 6.04 million tonnes. However, according to a year-on-year calculation, the production saw an increase of the same percentage, 5.863 million tonnes. However, calculating the daily output of November vs October, the monthly decline was only due...
The leaders of Europe’s key auto manufacturing nations—Germany, Italy, and the Czech Republic—have urged Brussels to reconsider imposing financial penalties on automakers failing to meet EU emissions targets starting in 2025. Speaking after an EU leaders’ summit, German Chancellor Olaf Scholz argued that imposing fines would exacerbate the industry's challenges. He emphasised that penalties should not hinder companies' capacity to invest in electric vehicle development, which is crucial for the sector’s transition and future. Facing pressure from a snap election scheduled for February next year, Scholz remarked that while automakers introduce new EV models, consumers cannot be compelled to purchase them. The German Chancellor stated, “I think it’s right not to impose fines and to look...
Palco Metals, a microcap company operating in the aluminium and aluminium products sector, has attained a significant milestone by reaching an all-time high of ₹278.95 on December 20, 2024. This accomplishment underscores the company's robust market presence. On the day, Palco Metals outperformed its sector by 5.01 per cent, marking the eighth consecutive trading session of gains, resulting in a notable 47.59 per cent return during this period. The stock commenced trading with a substantial gain of 4.99 per cent, maintaining its price throughout the session. In terms of moving averages, Palco Metals is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trajectory. Over the past year, the company has delivered an impressive...
Ahead of Christmas and the New Year 2025, the Lviv Brewery, part of the Carlsberg Group in Ukraine, has reportedly launched a special edition of its Lvivske Rizdvyane seasonal beer in aluminium cans to summon the season of cake, carols, and all things fun. ‘Rizdvyane’ means Christmas in the Ukrainian language, which is why this special edition beer is infused with a dash of Christmas spices and a hint of caramel aroma to evoke the warmth of the festive season in every sip and toast. Since CANPACK is behind the craft of the cans, they are produced using the DUOMIX print technology. Finished with matt varnish, Lvivske Rizdvyane seasonal beer cans come in a sleek look, lending a graceful look to your Christmas or New Year party. If you are a football enthusiast or hosting a party for fellow...
The primary aluminium sector in the upstream industry particularly captured significant attention this week with intriguing news and updates that may lead to a change in decision-making regarding metal buying and selling, investments in projects, and export or import commodities. In case you have missed the stories, here are their briefs. Ten European Union member states have jointly appealed for stricter sanctions on Russian metals, including aluminium. The demand is led by Poland, who will assume the rotating presidency of the European Union Council from January 2025. This initiative aims to curtail Russia’s revenue from metal exports since it is a critical source of income after fossil fuels. To know more:...
RUSAL, the world's largest aluminium producer, conducted a comprehensive assessment of 150 companies — suppliers of key raw materials and resources. This was reported by the company's press service. This year, a pilot supplier assessment was carried out using the "Supplier's Personal Account" information and analytics system developed in 2023. "Responsible supply chains play a critical role in ensuring sustainable development and minimising negative environmental impact. Engaging small and medium-sized enterprises (SMEs) in this process contributes to supply diversification, increases innovation, and creates new jobs. SMEs often possess flexibility and adaptability, enabling them to respond quickly to changes in demand and consumer preferences. RUSAL integrates small businesses into the...
Japanese industry giant Sumitomo Chemical has announced its decision to sell its 2.97 per cent stake in Nippon Amazon Aluminium Co., Ltd. (NAAC) to YKK AP Inc. The sale amount remains undisclosed. This move, coupled with the previously announced sale of shares in two overseas aluminium smelting companies in May 2024, marks the company's complete withdrawal from the resale business of imported aluminium ingots. Aluminium resale is often subject to global price volatility, geopolitical factors, and supply-demand imbalances. The company might seek to mitigate its financial exposure to these risks by stepping away. Sumitomo Chemical’s inorganic materials business, which includes aluminium and alumina, builds on the technological prowess, human talent, and other business resources developed in...
Emirates Global Aluminium (EGA), the world’s leading ‘premium aluminium’ producer, is the first company in the Middle East to have joined the Aluminium Stewardship Initiative and the first one in the UAE to have sold its own industrial technology internationally. Among the many firsts, EGA is also the first company in the UAE to implement the digital tracking system, the first in the world to connect metal quality analysis to LME digitally, and the first to ship bauxite cargo using LNG-fuelled ship, achieved in 2024. So clearly, this Middle East-based company has continued to excel in what it does best – leading and inspiring the global metal industry while pioneering numerous areas of the aluminium sector. Image Source: Emirates Global Aluminium All things first, in 2024 First in the...
South32 has provided a consequent update on the current situation at its Mozal Aluminium smelter in Mozambique, which had been facing operational disruptions due to civil unrest. Despite these challenges, the company has prioritised the safety of its workforce and has reported that there have been no security incidents at the facility. Image Source: flickr (Credit - English Pocket Opera Company) South32, the globally diversified mining and metals company, had previously announced the withdrawal of its production guidance for Mozal Aluminium in Mozambique due to escalating civil unrest in the region on December 10, 2024. Recent developments indicate that road blockages, which had previously obstructed the transport of alumina from the port to the Mozal smelter, have largely been cleared....
A transformational multimillion-dollar water project will soon provide 60,000 gallons of water daily to around 2,000 residents in Manchester's Harmons Valley, Jamaica. This initiative is a collaborative effort between the Ministry of Agriculture, Fisheries and Mining, JAMALCO, the Manchester Parish Development Committee (PDC), and other key stakeholders. The project focuses on providing energy-efficient water solutions to eight communities affected by bauxite mining, ensuring residents have more reliable and consistent access to this essential resource. Jamalco is a joint venture between Century Aluminum and Clarendon Alumina Production Limited that focuses on bauxite mining and alumina production. The refinery’s capacity was upgraded to 1 million mtpy in 1999 and then to 1.25 million...
The European aluminium industry is undergoing a significant transformation as sustainability becomes a top priority. With the need to reduce carbon emissions and use recyclable materials, aluminium is increasingly being used in various industrial sectors. In dedicated interviews published in our recently published e-magazine titled 'Aluminium Industry: Focus Europe' , they express their outlook towards the continent's present and future in sustainable industrial practices. Antonio Perego, Sales Manager of the Aluminium Division at FIMI Machinery, points out, "The need to reduce carbon emissions in the atmosphere and use recyclable materials will increasingly push the use of aluminium in many industrial sectors." You can find the entire interview by clicking here... In line with this...
Aluminium and renewable energy company Hydro has announced a lump sum investment of NOK 200 million (US$17.66 million) to establish a new sow casting line at its Husnes site. This initiative aims to enhance the flexibility of the primary aluminium casthouse and is an essential part of Hydro's strategy for primary aluminium production, widening the plant's product offerings. Image Source - flickr (Credit - thatsouthafricanguy) Located on the west coast of Norway, the Husnes primary plant produces low-carbon extrusion ingot principally for the European construction and automotive industries. The introduction of the sow caster will enable the plant to produce sow ingots during periods of lower demand for its main products, thereby increasing operational flexibility. Hanne Karine Simensen,...
The global leader in aluminium rolling and recycling in selected niches, Gränges, is set to join Nasdaq’s Large Cap segment following the Nordic market capitalisation review, effective January 2, 2025. Since its listing on Nasdaq Stockholm in October 2014, Gränges's market capitalisation has soared from SEK 3.2 billion to SEK 14.3 billion. Over this period, the company has delivered a remarkable total return of 339 per cent to shareholders, averaging an impressive 16 per cent annual growth. Jörgen Rosengren, CEO of Gränges, said, ”As a listed company, we’ve accelerated our progress toward leadership in aluminium rolling and recycling. Our sales volume and operating profit have tripled, and we’ve expanded globally through acquisitions and strategic partnerships while generating excellent...
Shareholders of Century Aluminum (NASDAQ:CENX) are likely to express concern regarding the recent 13 per cent decline in the company's share price over the past month. However, this recent fluctuation does not overshadow the robust performance of the business over the last five years, during which the share price has pumped up by an impressive 159 per cent. For some investors, the recent pullback may be seen as a natural correction following such a rapid ascent. Ultimately, the company's operational performance is the sole determinant of whether the stock price can maintain its positive long-term trajectory. In light of the 12 per cent decrease in the stock over the past week, it is mandatory to examine the longer-term narrative and ascertain whether the fundamentals have underpinned the...
The third quarter data from the United States Geological Survey shows a sequential fall in the country’s aluminium scrap exports, in line with a decreased volume of scrap recovery during the same period of 2024. A 2 per cent decline in the United States aluminium scrap recovery during Q3 resulted in a 5.7 per cent fall in the export volume. In the third quarter of 2024, the United States aluminium scrap exports stood at 513,000 tonnes, down by 5.7 per cent from 544,000 tonnes in Q2, despite an M-o-M increase in September exports by 5.4 per cent to 177,000 tonnes. In August, the export remained restrained M-o-M at 168,000 tonnes. In comparison to the first quarter of 2024, exports in the September quarter increased by 3.6 per cent from 495,000 tonnes. However, when compared to the third...
The Aluminum Association, which represents companies that produce around 70 per cent of the primary aluminum as well as downstream products shipped in North America, has released a new policy brief outlining strategic priorities for the incoming US administration and Congress. The brief, titled ‘Aluminum for America,’ calls for a national strategy to prioritise, produce, and defend critical materials like aluminium. According to a recent economic impact study, the US aluminium industry generates nearly £173 billion in direct and indirect economic impact and supports nearly 700,000 jobs, including 164,000 direct industry jobs. Despite this, the US primary aluminium production continues to decline, while the industry has invested over £7.6 billion in mid- and downstream processing and...
Kazakhstan's President Kassym-Jomart Tokayev and Guinea-Bissau's President Umaro Sissoco Embaló held a joint press conference, as the Kazinform News Agency reported via Akorda. During the conference, the two leaders shared a joint statement highlighting the outcomes of their bilateral discussions. President Tokayev emphasised that President Embaló's official visit to Kazakhstan signifies both nations' shared goals and aspirations despite their considerable geographic distance. The talks yielded significant agreements to strengthen cooperation across various sectors, including politics, trade, economics, culture, and humanitarian efforts. Both countries expressed a keen interest in maximising opportunities in transport and logistics. A key outcome of the discussions was the decision to...
Regions across the globe are part of the North Atlantic Treaty Organization (NATO) and have witnessed the significant impact of defence supply, all thanks to the comprehensive list released for the defence industry, which includes everything composed of aluminium, among other materials. The consortium not only points to the relevance of such resources for the military powers of the North Atlantic Treaty Organization alone but also emphasises upon the uninterrupted continuity of the supply chain. Image Source: https://ilfproducts.co.uk/ It would not be wrong to say that aluminium has become synonymous with metals that can withstand corrosion whilst also cutting weight across missile and aircraft parts and even high-end applications. Such characteristics make it possible for metals such as...
