Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
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As recently shared by Aluminium Corporation of China, popularly known as Chalco (HKG:2600, SHA: 601600), in the first quarter of 2025, the multinational aluminium production company expects a lucrative profit between RMB 3.4 billion (USD 476 million) and RMB 3.6 billion (USD 504 million). This...
China’s ‘blow-for-blow’ strategy in response to the United States' 34 per cent reciprocal duty apparently leads to the addition of another round of tariff to the existing thread. On Tuesday, April 8, the US government threatened to impose an additional 50 per cent tariff on all Chinese products in...
The European Union (EU) received a suggestion on Monday from the Italian foreign minister Antonio Tajani that the supranational political and economic union of 27 members might want to contemplate delaying counter-tariffs announcement on US imports of aluminium and steel, which are to come into...
According to SMM statistics, domestic aluminium production in March 2025 (31 days) increased by 3.7 per cent Y-o-Y and 11.2 per cent M-o-M. Domestic aluminium operating capacity increased M-o-M, mainly due to the gradual resumption of production at aluminium smelters, with some resumptions in...
Aluminium giants, among other metal businesses in India, reportedly plan to expand rapidly and vigorously to support domestic demand. The transformation in business strategy for these metal producers comes as two major factors weigh in — the US tariff creating international price volatility and...
On Thursday, April 3, Citi Research lowered its forecast for base metal prices in 2025, citing the tariffs announced by the Trump administration and the impending tariffs that will pose significant headwinds to demand. According to China News Service, US President Trump signed an executive order on...
How much is too much? The growing chain of tariffs between the United States and its trade partners is expanding at an alarming rate while industries brace for the impact of escalating trade wars. Following the United States' announcement of reciprocal tariffs on what it called 'Liberation Day,'...
Hindalco Industries is deep in the red, marking its fifth consecutive losing session with a sharp 4.36 per cent decline on April 4. The aluminium giant has shed 9.78 per cent in just five days, underperforming its sector by 0.84 per cent and sinking below key moving averages—an unmistakable sign of...
On April 2, President Donald Trump announced a new round of reciprocal tariffs. There is still no exemption from the existing tariff of 25 per cent on imports of unwrought aluminium and aluminium products, and the scope was extended to imports of beer and aluminium cans. Aluminium scrap remains...
Futures market: Overnight, the most-traded SHFE aluminium 2505 contract opened at RMB 20,455 per tonne, with a high of RMB 20,520 per tonne, a low of RMB 20,430 per tonne, and closed at RMB 20,520 per tonne, up RMB 80 per tonne, or 0.39 per cent. Yesterday, LME aluminium opened at USD 2,509 per...
Indian conglomerate Vedanta, spanning metals to oil, is seeking a global partner for expansion projects worth $20 billion, according to a tender document. Led by billionaire Anil Agarwal, the company—soon to be split into five entities:Vedanta Limited, Vedanta Aluminium, Vedanta Oil and Gas,...
The long-awaited joint venture between Alcoa Corporation and IGNIS Equity Holdings, SL (IGNIS EQT) has officially been established to ensure the continued operation of Alcoa’s San Ciprián complex. Initially announced in October of the previous year, the joint venture has come to fruition as of...
Futures: Overnight, the most-traded SHFE aluminium 2505 contract opened at RMB 20,425 per tonne, with a high of RMB 20,465 per tonne, a low of RMB 20,365 per tonne, and closed at RMB 20,415 per tonne, down RMB 70 per tonne, or 0.34 per cent. Yesterday, LME aluminium opened at USD 2,542 per tonne,...
After an initial aggressive uptick at the beginning of March, the premium for Japanese aluminium’s outbound trade during the second Quarter of 2025 (April to June) has reportedly crashed to USD 182 per tonne, which is clearly a 20 per cent decrease from the past quarter (Q1’25), reveals six sources...
Odisha stands as a testament to resilience and progress. Boasting rich mineral reserves, the state has emerged as a major manufacturing hub in India, supported by a dynamic industrial ecosystem. At the heart of this growth lies Odisha's thriving metals and mining sector, playing a pivotal role in...
India’s aluminium production experienced a modest uptick during the April to February period of the financial year 2024-2025, recording a 0.9 per cent increase to reach 38.36 lakh tonnes (3.836 million tonnes), compared to 38 lakh tonnes (3.8 million tonnes) in the same period the previous year,...
From a single plant in Siberia to a global aluminium powerhouse, RUSAL's 25-year journey is a story of bold vision, technological excellence, and enduring commitment to sustainable development. In 1994, amid the deep crisis in Russia's industrial sector, a transformation quietly began at the...
The demerger date for Vedanta is now set for September 30 instead of March 31. In an exchange filing on Friday, March 28, the Anil Agarwal-led company announced that the deadline had been extended due to pending approvals from the National Company Law Tribunal (NCLT) and other government bodies,...
