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 January 27 morning, the SHFE aluminium front-month contract centre fluctuated rangebound, declining to around RMB 20,170 per tonne, as reported by SMM . The East China market was almost entirely immersed in the holiday atmosphere, with sluggish market trading and a frozen trading sentiment,...
Amid various speculations raised by Donald Trump's recently proposed import tariffs on aluminium and copper, the most recent one is the possible impact on domestic consumer good prices. Aluminium industry analysts and participants fear that suggested tariffs on US aluminium and copper imports may...
Aluminium prices edged up by 0.08 per cent to close at INR 252.75 (USD 2.92) amid renewed investor optimism over China following comments from former US President Donald Trump hinting at a potential trade deal with the world's largest consumer of metals, as reported by investing.com. Market...
Australia is on course to achieve a record-breaking performance in aluminium exports, with the metal now ranking as the fourth-largest export category after iron ore, coal, and natural gas. According to the International Trade Administration, Australia’s aluminium exports in the first eleven months...
On December 29th, Chinalco (Yunnan) Green Advanced Aluminum-based Materials Co., Ltd. announced the construction of its much-awaited 400,000-tonne aluminium alloy flat ingot project, alongside the unveiling of Chinalco Green Materials (Zhaotong) Co., Ltd. Once the project is completed and...
The aluminium industry has long been the backbone of global economic growth and technological advancement. Today, the wait is over! AL Circle, the world's fastest-growing global ALuminium ecosystem, proudly unveils its much-anticipated industry-focused report, Global Aluminium Industry Outlook 2025...
Kepler Cheuvreux, a European financial services firm specialising in research, execution, and asset management, resumed coverage of Norsk Hydro SA shares, assigning a Buy rating with a price target of NOK 88.00. A "Buy" rating from a stock analyst indicates their belief that the stock is either...
According to SMM data, the average tax-inclusive full cost of China's aluminium industry in January 2025 was RMB 19,989 per tonne, down 5.3 per cent M-o-M and up 22.7 per cent Y-o-Y, mainly due to the sharp pullback in spot alumina prices during the period. The average spot price of SMM A00...
According to SMM statistics, China's aluminium production in January 2025 (31 days) was up 3.8 per cent Y-o-Y but down 0.3 per cent M-o-M. The operating capacity of domestic aluminium smelters in January remained largely stable M-o-M, with only a few smelters in Shanxi reporting production cuts of...
Some of the news headlines this week in the upstream aluminium industry, particularly in the primary aluminium sector, suggest a potential shift in market dynamics in the near term in the wake of aluminium price drop on alumina supply ease and proposed tariffs on aluminium imports by the US...
According to SMM statistics, as of January 23, the social inventory of aluminium ingot inventory in Guangdong was 131,100 tonnes, in Wuxi was 146,800 tonnes, and in Gongyi was 52,600 tonnes, with the total inventory in these three regions increasing by 7,100 tonnes compared to the previous trading...
Donald Trump's tariff threat following his second presidential term inauguration on January 20 has already sparked speculation among aluminium industry leaders from both the domestic and international markets, prompting them to make strategic decisions regarding overseas trade. For instance, Alcoa,...
European aluminium billet market is beginning its new calendar year, keeping a cautious look over its shoulder, as demand remains sluggish amid hidebound buying practices, while production cuts intend to leave the supply chain vulnerable to sudden fluctuations. Platts, part of S&P Global Commodity...
The world's primary aluminium industry has wrapped up 2024 with an annual production of 72.758 million tonnes. Could it break the record of the previous year or surpass AL Circle's outlook? Of course, it did by 2.9 per cent from the earlier year's output of 70.716 million tonnes and by 1.05 per...
SHFE aluminium front-month contract fluctuated rangebound in the early trading session today, with prices rising significantly during the second trading session. Suppliers and downstream buyers in east China have entered the Chinese New Year holiday, leading to sluggish market transactions. Today,...
According to Platts assessment, a division of S&P Global, the premium for Japanese primary aluminium imports in the first quarter of 2025 stands at $228 per tonne over the London Metal Exchange cash price, reflecting a 30.29 per cent rise from $175 per tonne in Q4 2024. Image source: Sumitomo...
2024 has been all about jumping hoops to advance in the industrial progress for the non-ferrous metal, aluminium. The entire extraction and the subsequent production, starting from bauxite mining, progressing through alumina refining and finally reaching the manufacturing of a varied type of...
Icelandic metals analysis pioneer DTE has appointed Jakob Asmundsson as its new Chief Executive Officer (CEO), marking a pivotal step in the company’s growth journey. A seasoned executive with a proven track record of transformative leadership, Asmundsson will steer DTE’s strategy as it scales up...
