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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...Aluminium yesterday traded with the negative node and settled -0.39% down at 115.1 but overall since last 2-3 session market activity was dull and yesterday as there was no significant economic data was released market traded in the tight range...
...Reuters reported that Tajikistan, Central Asia's largest producer of primary aluminium, lowered its output by 0.5% YoY to 30,002 tonnes in January...
...Governor Steve Beshear was in Western Kentucky today symbolically finalizing a deal between State Government, Henderson County Government and Rio Tinto Alcan. That deal allows the company to invest 37 million into their aluminum smelting plant in Sebree, retaining 488 jobs. All three sides have been negotiating tax incentives for the company...
...Management at the Hydro Aluminium smelter at Kurri Kurri, in the Hunter, have begun talks with Macquarie Generation on a new power contract, amid concern for the plant'...
...The situation of CVG Alcasa, a Venezuelan smelter, has not changed and following 17 days of operations at a minimum level, the board of directors of the basic industry is assessing the consequences...
...Iceland’s government has resumed talks with Alcoa Inc. on building an aluminum smelter in the north of the island, Vidskiptabladid reported, without saying how it obtained the information. John Thuestad, Alcoa’s president of global production, and Marcos Ramos, the company’s president of global primary products in Europe, met with Industry Minister Katrin Juliusdottir last week to discuss the project, the Reykjavik-based newspaper said...
...Three years ago mining giant Rio Tinto was saddled with a $40 billion debt after its ill fated purchase of aluminium giant *Alcan just before the global financial crisis hit and floored commodity prices...
...State-owned Gujarat Mineral Development Corporation Ltd (GMDC) has registered 42 per cent rise in its net profits at Rs 101 crores for the third quarter ended December 2010. Company's quarterly turnover stood at Rs 360 crores up 33 per cent against the corresponding period last year and 45 per cent against the immediate preceding quarter...
... SHFE aluminum prices moved at high level, with prices reaching the highest at RMB 17,065/mt and closing at RMB 17,050/mt, up by RMB 10/mt from a day earlier. Daily positions increased by around 10, 000 lots, ....
... LME aluminum prices were weighed to open at USD 2,534/mt, touching the lowest at USD 2,520/mt, and closed at USD 2,538/mt, down by USD 3/mt from a day earlier. LME aluminum inventories were up by 1,125 mt to 4,601,775 mt, ....
...A FACTORY which provided work for thousands of Gwent people for more than six decades was demolished yesterday...
...Rayagada: The Ambodala railway station, 84 km from Rayagada, now has a newly-built waiting room, a VIP guestroom, a room for the Station Manager, a separate restroom for the guards and drivers and a new garden at the station premises, thanks to the Vedanta Aluminium Ltd (VAL), Lanjigarh, for developing infrastructure for the people of the region. ..
...UAE. As a state-owned enterprise, Dubai Aluminium Company Limited (DUBAL) is passionate about the socio-economic growth of Dubai and its people; and expresses this commitment through generous support of initiatives that support the broader goals of the Dubai government...
...Century Aluminum closed Tuesday's positive trading session at $15.68. In the past year, the stock has hit a 52-week low of $8.25 and 52-week high of $17.14. Century Aluminum stock has been showing support around $15.04 and resistance in the $16.00 range. Technical indicators for the stock are Bullish...
...Saudi Arabian Mining Company (Maaden) and US company Alcoa signed a letter of intent with South Korea's Samsung Engineering worth SR2.21 billion ($590 million) to build part of a mega aluminum complex...
...Reuters reported that Konkola Copper Mines, the Zambian unit of London listed miner Vedanta is likely to list in London this year after delaying its float from 2010...
...A strike in a nondescript part of Kerala holding to ransom the smooth production of T-90 battle tanks engaged in the defence of the country is something even the trade unions of Kerala are feeling embarrassed about...
...Kurri Kurri Aluminium workers are expected testify before an Upper House inquiry today about how the scrapping of a power contract has jeopardised the smelter's future...
