Odisha Chief Minister Mohan Charan Majhi visited Emirates Global Aluminium’s (EGA) Jebel Ali site in Dubai, highlighting the strategic importance of the NALCO–EGA technology licensing partnership in strengthening Odisha’s aluminium industry. During the visit, Majhi emphasised how the collaboration...
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....
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The Aluminium Federation (ALFED) has launched a State of the Aluminium Industry Survey to build a comprehensive picture of the UK aluminium sector, identify key growth opportunities, and drive strategic policy engagement with government and stakeholders. Image source: LikedIn (ALFED) As the voice...
There is a projection looming that Vedanta’s share price will jump to a target price of INR 600 (US$6.87) following the group’s demerger plan to be executed by the first quarter of FY2025-26. This estimation will most likely materialise, if not by the end of this year, then within the next two. The...
Although aluminium from South Africa’s Hillside Aluminium in KwaZulu-Natal carries the value-dampening label of ‘high-carbon,’ South32, a globally diversified mining and metals company, gains a value boost from the ‘low-carbon’ premium status of its other two operations, Brazil Aluminium and Mozal...
Press Metal Aluminium Holdings Bhd, a Malaysia-based largest aluminium smelter in Southeast Asia, has announced its fourth-quarter and full-year results of 2024, reporting stupendous financial gains supported by increased aluminium prices on LME and strong global demand. Figures and numbers...
The need for clean energy sources that will not release harmful greenhouse gases can be touted as one of the most important priorities. Hydrogen may seem like an obvious clean energy solution, but it comes with significant challenges — particularly its high combustion temperature, ranging from 600...
Century Aluminum Company, a global primary aluminium producer with operations in the United States and Iceland, has posted about its booming year ended December 31, 2024, with a new 5-year high record production at Sebree, steady net sales, and increased net income amid surging energy costs and raw...
This week, stocks of three Indian aluminium giants, Hindalco, NALCO and Vedanta, have slid downwards for two consecutive sessions. On February 25, shares of Nalco fell 10 per cent in two single-day trading sessions, whereas Vedanta and Hindalco lost 5 per cent to 7 per cent, respectively. Other...
Aluminum Association President & CEO Charles Johnson released the following statement on Jamieson Greer’s confirmation as US Trade Representative: “The Aluminum Association looks forward to working with Ambassador Greer to help promote a globally competitive U.S. aluminum industry while ensuring a...
Last week’s market has been all about dynamic pricing across the aluminium sector — both for AL as a product and, in turn, for the affected allied industries. The market spots records of resuming downstream production after a prolonged Chinese holiday break. Hence, owing to the growing bullish...
New Zealand Aluminium Smelter (NZAS) chief executive Chris Blenkiron announced on Tuesday, February 25 that the company will delay its planned potline ramp-up at Tiwai until August 31. Following last year's announcement to increase production, the decision aims to ensure Meridian Energy has access...
Today, the most-traded SHFE aluminium 2504 contract opened at RMB 20,550 per tonne, with a high of RMB 20,680 per tonne and a low of RMB 20,540 per tonne, closing at RMB 20,615 per tonne, up 0.34 per cent. The trading volume was 145,000 lots, and the open interest was 204,000 lots. On the macro...
The first month of 2025 began with a 2.73 per cent Y-o-Y rise in primary aluminium production but experienced a mild monthly dip, as shown by the International Aluminium Institute data. The annual growth was primarily backed by almost all the major global primary aluminium-producing regions,...
Alcoa, a global aluminium production entity with major smelters in Canada, Australia, and Iceland, among other locations, has expressed concerning statements that over 100,000 employment losses can be anticipated owing to the proposed implementation of US aluminium and steel tariffs of flat 25 per...
The United States' unprecedented support for Russia in blocking a draft resolution by Ukraine at the United Nations has sent shockwaves through the market as soon as the news surfaced today, February 25. For the first time in three years since Russia invaded Ukraine, the United States has come out...
The United States and Canada have long shared more than just a border — they’ve built an aluminium supply chain that’s deeply intertwined and vital to both economies. As the US grapples with declining aluminium production and mounting energy costs, the importance of Canada’s role has never been...
Aluminium Bahrain B.S.C. (Alba), the world's largest smelter ex-China, has announced its fourth quarter and full-year results for 2024, reporting an impressive growth in financial output, coincided with its new high of net finished production at 1,622,261 tonnes. Image source: Aluminium Bahrain...
Aluminium Bahrain B.S.C. (Alba), the world’s largest smelter on one site, announces that Saudi Arabian Mining Company (Ma’aden) as its new strategic shareholder following the acquisition of SABIC’s 20.62% stake in Alba. The c.US$1 billion transaction marks a transformative moment for Alba and...
Futures Market: Overnight, the most-traded SHFE aluminium 2504 contract opened at RMB 20,670 per tonne, hit a high of RMB 20,730 per tonne, a low of RMB 20,590 per tonne, and closed at RMB 20,600 per tonne, down RMB 135 per tonne or 0.65 per cent. Yesterday, LME aluminium opened at USD 2,677 per...
