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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On February 10 local time, US President Donald Trump signed an executive order announcing a 25 per cent tariff on all aluminium and steel imports to the US. Trump also stated on the same day that the policy would have ‘no exceptions or exemptions’ and that tariffs on automobiles, chips, and...
Australia has responded to the trade statement revolving around the country’s aluminium export. The nation’s trade minister, Don Farrell, proclaimed on February 13 that Australia’s surge in its aluminium supply to the United States, with Washington’s complete acknowledgement and approval, while...
Baotou Aluminum's high-purity aluminium division has achieved a significant milestone with the successful batch export of high-performance, high-purity aluminium products. This accomplishment sets a strong foundation for the company's first-quarter performance. These exports are primarily destined...
National Aluminium Company Ltd (NALCO), an Indian public sector company with integrated and diversified operations in mining, metal and power, has reported a remarkable 232.83 per cent year-on-year surge in net profit, reaching INR 1,566.3 crore (USD 180 million) for the third quarter, compared to...
On February 13, SMM A00 aluminium closed at RMB 20,510 per tonne, down RMB 30 per tonne, with a discount of RMB 30 per tonne against the February contract flat. The Henan-Shanghai price spread was RMB 140 per tonne, up RMB 10 per tonne. SMM Central China closed at RMB 20,370 per tonne, down RMB 20...
According to SMM statistics, as of February 13, 2025, the social inventory of aluminium billets in China stood at 300,400 tonnes, an increase of 25,500 tonnes (9.3 per cent) compared to the first day after the holiday (February 5) and an increase of 76,900 tonnes compared to pre-holiday levels...
On December 4, 2024, President-elect Donald Trump announced that Peter Navarro, 75, will serve as Senior Counsellor for Trade and Manufacturing in his upcoming administration. In this role, Navarro will be responsible for advancing and effectively communicating Trump's Manufacturing, Tariff, and...
On February 12, 2025, the most-traded SHFE aluminium 2503 contract opened at RMB 20,610 per tonne, with a high of RMB 20,690 per tonne and a low of RMB 20,520 per tonne, closing at RMB 20,575 per tonne, down 0.48 per cent. Trading volume was 96,000 lots, and open interest was 159,000 lots. On the...
The United States’ aluminium sector is facing an existential crisis, with the number of operational smelters dwindling to just four. Despite the 25 per cent tariff on steel and aluminium imports introduced by the Trump administration, the primary aluminium industry remains in decline, struggling...
The newly re-elected President of the United States of America, Donald Trump, on February 10, 2025, signed executive orders to enforce a 25 per cent tariff on aluminium and steel imports starting March 12, 2025, under Section 232 of the Trade Expansion Act of 1962, escalating a long-anticipated...
Following Donald Trump's firm statement —"No exemptions, no exceptions" on a 25 per cent tariff on imported aluminium and steel on Tuesday, February 11—India’s state-owned National Aluminium Company Limited (NALCO) has come up with valuable insights into the potential impact on global price trends....
European Aluminium, the voice of the entire European aluminium value chain, expresses deep concern over the recent announcement from the U.S. regarding the imposition of a 25 per cent tariff on all aluminium imports. This move threatens to disrupt transatlantic trade relations between two strong...
In a debate-worthy move, US President Donald Trump has announced a 25 per cent tariff on all steel and aluminium imports, leaving major trade partners scrambling to negotiate exemptions. The tariffs, set to take effect on March 4, 2025, have been met with widespread criticism and warnings of...
The first batch of cathode sets for the Indonesia Beijia electrolytic aluminium project, supplied by Shenyang Institute, was successfully shipped from Lianyungang on Friday January 10, 2025. The project is a joint venture between Indonesia's Adaro Group and China's Liqin Resources, with Shenyang...
In a policy shift announcement on Monday, February 10, the United States government has brought forth the decree to implement a 25 per cent tariff on all primary aluminium imports, effective March 4, 2025. The executive order, signed by President Donald Trump, aims to bolster the country’s domestic...
The global primary aluminium production in 2024 reached 72.7 million tonnes (approx.). With demand continuing to rise, it is expected that production will also further increase in the coming years, leading to more environmental challenges. As a result, in order to tackle or overcome these hurdles,...
In the early trading session today, SHFE aluminium front-month contract fluctuated, pulling back slightly compared to the night session, but the price centre moved higher, with overall market transactions remaining moderate. Specifically, trading in East China continued to recover. After...
In response to the new aluminium and steel tariffs announced by US President Donald Trump, just days after postponing tariffs on North American neighbours, the European Commission is committed to taking action to protect the interests of the European Union. Describing Trump's tariff measures as...
