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Primary aluminium news

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19 Jan 20265MINS

NALCO CMD concerned: Indian aluminium sector not prepared for a green shift

Brijendra Pratap Singh, Chairman and Managing Director (CMD) of National Aluminium Company Ltd (NALCO), observed that the Indian aluminium sector is not well-equipped for a full-fledged transition to green aluminium. It spikes concern, especially in the context of the Carbon Border Adjustment Mech ...

19 Jan 20268MINS

Rising risks of EU-US trade frictions, significant resistance to short-term aluminium price rise

Futures: SHFE aluminium closed at RMB 23,945 per tonne in the night session last Friday, down 0.99 per cent. Prices traded above all key moving averages (MA5 23,939, MA60 23,924.17), but pulled back near the short-term averages, indicating high-level fluctuations in the near term. The MACD lines w ...

19 Jan 20262MINS

LME aluminium cash offer slips to USD 3,147/t as the market turns sharply lower

On January 16, the London Metal Exchange (LME) aluminium price dropped drastically from the previous day’s close, where LME cash and forwards contracts also slipped. There has been a dip in the inventory side, but the alumina platts remained unchanged. Both the LME cash bid and offer fell by USD ...

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