Futures: SHFE aluminium closed at RMB 22,530 per tonne, rebounding 1.1 per cent. Despite the positive close, prices remained under pressure below all key moving averages (MA5=22,727, MA60=23,633), with the medium-term bearish alignment intact. MACD indicator lines (DIF=-244.16, DEA=-188.68) operated below the zero axis, but the green bars narrowed significantly to -110.96 (previous day -150.62), indicating a marked weakening of bearish momentum and initial signs of a technical bottom divergence repair. Trading volume expanded to 101,500 lots, suggesting capital inflows at the bottom. The recommended core trading range for SHFE aluminium is 22,000-22,800. LME aluminium closed at USD 3,078.5 per tonne, surging 2.02 per cent. Prices rebounded strongly, reclaiming MA5 (3,061.5), MA10...
Russian-origin metal made up almost all available aluminium stocks in London Metal Exchange (LME) warehouses at the end of October (99.98 per cent), with Indian-origin aluminium accounting for the remaining 50 tonnes, according to exchange data. Total available, or on-warrant, aluminium inventories declined 4 per cent month on month to 216,950 tonnes, their lowest level since March 2025. Russian-origin stocks fell by 9,725 tonnes to 216,900 tonnes during October, but their share of available inventories remained almost unchanged. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " Although Russian aluminium produced before April 13, 2024, remains...
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... Aluminum producer Century Aluminum Co. CENX: News) Tuesday reported a profit for the fourth quarter, compared to a loss last year. Century Aluminum's net income to shareholders for the quarter was $59.94 million or $0.64 per share compared to a loss of $24.35 million or $0.28 per share in the fourth quarter of previous year. ...
... Century Aluminum Co (CENX.O) reported a fourth-quarter profit on Tuesday after a loss the previous year. Net profit was $65.3 million, or 64 cents per share, compared with a loss of $24.4 million, or 28 cents per share, .....
... Reuters reported that the sharp increase in London Metal Exchange aluminum stocks in January is a worry and high inventories be a drag on prices in coming months even if the benchmark copper contract continues to scale new heights. ....
... SHFE aluminum prices were weak on Tuesday, with SHFE 1104 aluminum contract prices opening higher at RMB 17,115/mt. China’s CPI for January was released at 10:00 am, dampening any increases in SHFE base metals prices. ....
... LME aluminum prices fell continuously to break through the USD 2,500/mt mark after opening at USD 2,521/mt, and finally closed at USD 2,492/mt, down USD 32/mt compared with the previous trading day. LME aluminum inventories increased by 5,500 mt to 4,600,225 mt. ....
... Alcoa Intalco Works has announced that it’s switching on the first of the formerly idled aluminum smelting pots at the Ferndale facility. ....
... Russia's Rusal produced 4.083 million mt of aluminum in 2010, up 3% from 2009, the company said Monday. Alumina output totaled 7.84 million mt, up 8% from a year earlier, while bauxite production totaled 11.8 million mt, up 4% over the same period, the company said in a statement. ...
... the world's largest aluminum producer, plans to increase production of aluminum and alumina by 2 percent and 8 percent, respectively, this year. ...
... United Co. Rusal surged to a record in Hong Kong trading after OAO GMK Norilsk Nickel raised its offer to buy back shares held by the world’s biggest maker of aluminum to $12.8 billion and said it will boost output. ...
... the world's largest aluminium producer, said on Monday that an aluminium exchange traded fund (ETF), could be launched soon. ...
... West Australian reported that Alcoa is asking the WA Government for a 5 year approvals relief as the aluminum giant tries to resurrect the USD 2.2 billion expansion of its world class Wagerup alumina refinery south of Perth. The much hyped project was shelved indefinitely just over 2 years ago when the global financial crisis triggered a collapse in aluminum prices. ...
... Government of Canada will be providing up to USD 94,500 in in kind contributions via the NRC Aluminium Technology Centre. .... The Government of Quebec will be providing a financial contribution of up to USD 166,097. ....
... PTI reported that in tight range movements, aluminum traded 0.18% up in futures trading today, tracking firming trend overseas amid pick up in spot demand. At the Multi Commodity Exchange, aluminum for delivery in February gained 20 paise or 0.18% to INR 114.30 per kilogram with a business turnover of 10 lots. ...
... Come October, Hindalco will bring Novelis, its Atlanta-based subsidiary and world leader in aluminium rolling products, into india. ...
... Also,the current buoyancy in aluminium is expected to help the company get better realisations in the short term. The results were declared on Saturday. And on Monday, the stock managed to rise 3.9% to Rs 219.4 on investor expectations of a pick-up in the company’s performance over the next few quarters. ....
... Rio touched on the issues facing the aluminium division at last week's report of a record profit for 2010 of $US13.98 billion, a boom result underpinned by ...
... it was offering to buy 20% of its shares from aluminum giant UC Rusal for USD 12.8 billion. It previously offered to buy Rusal's entire 25% for USD 12 billion. The new offer is a 33% improvement on the last and is based on a market cap of USD 64 billion instead of USD 48 billion .....
... Cameroon's lone primary aluminum smelter, produced 63,000 metric tons of the metal in 2010, around 15% off its target for the year, ... The output figure is steady with 2009 output, and the failure to increase it .... its aluminum output capacity within five years from the current capacity of 90,000 tons. ...
