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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European Aluminium, the voice of the entire aluminium value chain in Europe, welcomes the inclusion of primary aluminium in the EU's 16th sanctions package against Russia. This package expands existing restrictions on Russian aluminium imports and addresses a longstanding request of the industry to...
Last week, President Trump signed a proclamation strengthening existing Section 232 aluminium tariffs that he originally implemented in 2018 on national security grounds. There’s a lot to like and a lot we support in the president’s action. Though – and this is critical – for our industry’s growth,...
Hindalco has announced that it will invest INR 15,000 crore (USD 1.81 billion) in the Indian state of Madhya Pradesh to expand the company’s aluminium smelting capacity in both current and new sites. The investment was announced at the Madhya Pradesh Global Investors Summit 2025 in Bhopal after...
According to the Shanghai Metals Market survey, the operating rate of China's primary aluminium alloy industry in January was 49.88 per cent, down 5.17 percentage points M-o-M, with a significant decline due to the Chinese New Year holiday. Based on the SMM survey, during the last week before the...
India is set to launch its much-anticipated carbon market by 2026, Union Power Minister Manohar Lal announced on February 21, 2025. This initiative will be a game-changer for Indian industries, particularly exporters, as they strive to align with global carbon emission standards. By helping...
Futures: Yesterday, the SHFE aluminium 2504 contract opened at RMB 20,865 per tonne, peaked at RMB 20,895 per tonne, hit a low of RMB 20,820 per tonne, and closed at RMB 20,860 per tonne, up RMB 70 per tonne or 0.34 per cent from the previous day. LME aluminium opened at USD 2,687 per tonne,...
A new set of sanctions against Russia has been agreed upon between the European Union member states, diplomats confirmed on February 19, 2025. However, this latest package, set to be formally adopted by EU foreign ministers on February 24, 2025, aims to sustain pressure on Moscow ahead of the third...
The announcement of a ban on Russian primary aluminium in the EU's 16th package of sanctions represents untimely self-inflicted damage without any effect on the announced goals. If confirmed by EU ministers, this measure would put the entire downstream European aluminium value chain at risk. The...
Mining giant Rio Tinto (NYSE:RIO), a prominent player in the metals & mining industry with a market capitalization of USD 102.4 billion, has announced quite a few changes to its board of directors, with several members set to step down later this year. The string of changes was brought forth by the...
NALCO’s announcement of INR 30,000 crore (USD 3.45 billion) investment in aluminium business expansion brought to the public by Union Minister of Coal & Mines and Parliamentary Affairs, Pralhad Joshi, is its first major capex in recent times, including setting up an INR 17,000 crore (USD 1.95...
Futures market: Yesterday, the SHFE aluminium 2504 contract opened at RMB 20,735 per tonne, reached a high of RMB 20,750 per tonne, a low of RMB 20,630 per tonne, and closed at RMB 20,735 per tonne, up RMB 100 per tonne or 0.48 per cent from the previous day. LME aluminium opened at USD 2,645 per...
Futures market: Yesterday, the most-traded SHFE aluminium 2504 contract opened at RMB 20,645 per tonne, reached a high of RMB 20,690 per tonne, a low of RMB 20,585 per tonne, and closed at RMB 20,660 per tonne, down RMB 50 per tonne from the previous day, with a 0.24 per cent increase. Yesterday,...
Japan has officially requested an exemption from US President Donald Trump’s proposed 25 per cent tariffs on steel and aluminium, as well as other reciprocal tariffs, according to a report from Tokyo-based Kyodo News. Meanwhile, Vietnam is prepared to engage with the United States to discuss the...
Vedanta Aluminium, India’s leading aluminium manufacturer, launched an AI-powered drone system at its Jamkhani coal mine in Odisha. The drone, which started operations on February 13, 2025, provides a real-time solution for blasting clearance and danger zone monitoring. Image Source:...
This morning, the centre of the most-traded SHFE aluminium contract gradually shifted slightly downward, fluctuating near RMB 20,550 per tonne. In the East China market, aluminium prices rose to high levels, leading to weaker restocking sentiment among downstream buyers, with most transactions...
During the World Government Summit 2025 in Dubai, Coordinating Minister for Economic Affairs Airlangga Hartarto met with Emirates Global Aluminium (EGA) CEO Abdulnasser Ibrahim Saif Bin Kalban on Wednesday, February 12. The meeting focused on advancing EGA's cooperation plan to boost aluminium...
The aluminium industry has been under the radar ever since Donald Trump imposed tariffs on Canada, Mexico, and China. However the latest update has sent another shockwave amongst the industry. In a controversial move, U.S. President Donald Trump has announced a 25 per cent tariff on all steel and...
Hindalco Industries, the flagship metal-driven business of the Aditya Birla Group, has reported a strong 60 per cent surge in its consolidated net profit for the December quarter (Q3 FY2025). The company's net profit reached INR 3,735 crore (USD 450 million), up from INR 2,331 crore (USD 279.72...
