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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National Aluminium Company Limited (NALCO), a 'Navratna' company under the Schedule 'A' category of CPSEs, is on the way to adding one more year of experience to its four decades of excellence in the mining, metal and power industries. Established on January 7, 1981, NALCO has evolved over the past...
The Shanghai Metals Market, on January 1, 2025, recorded a growth of RMB 70 per tonne to settle at RMB 19,770 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne. A00 aluminium ingot On the same day, the prices in...
Aluminium trading prices have remained stable at INR 241.4 (US$2.82) in India as on December 30, 2024 and while the prices have not changed, key data indicates an underlying tension in the market due to supply and demand dynamics. According to the International Aluminium Institute (IAI), global...
Hindalco Industries Ltd., the Aditya Birla Group’s metals flagship, has achieved a significant milestone with the allocation of the Meenakshi Coal Mine in Odisha through a vesting order by the Ministry of Coal. This development follows the successful signing of the Coal Mine Development and...
The Middle Eastern aluminium market is poised for significant growth, with projections indicating a valuation of USD 16.68 billion by 2030, driven by a compound annual growth rate (CAGR) of 5 per cent from 2024. This burgeoning market, according to an elaborate report by NextMSC , is currently...
Aluminum Corp of China (Chalco), a global leader in the sector, is spearheading a digital revolution in the nonferrous metals industry. The company recently announced a collaborative initiative to integrate advanced artificial intelligence (AI) into the industry's operational and production...
For many years now, Europe is continuously innovating ways to optimise aluminium production while reducing carbon emissions. Whether by implementing advanced technologies, switching to renewable energy sources, or boosting recycling efforts, Europe's focus is dedicated to sustainable aluminium...
This week has seen significant developments in the upstream sector of the aluminium industry, which includes bauxite, alumina, and primary aluminium. To begin with, the proposed merger between Aluminium Bahrain (Alba) and subsidiaries of Saudi Arabia’s Ma’aden has had its deadline extended to the...
Vedanta Limited has brought a different plan for its demerger scheme, which is to retain the base metal business under the parent company's umbrella. So, instead of six separate companies, billionaire Anil Agarwal-led Vedanta will demerge into five distinctive entities – Vedanta Limited, Vedanta...
The SMM aluminium market is buzzing with activity, offering a blend of stability and subtle shifts across various segments. While some prices held their ground, others nudged lower, reflecting the ever-changing dynamics of supply and demand. From alumina to primary and secondary ingots and even...
National Aluminium Company (NALCO) has signed a mining lease deed for the amalgamated Utkal-D and Utkal-E coal blocks in Angul district, Odisha. The announcement was made in an exchange filing after trading hours on December 24, 2024. As one of Asia's largest integrated primary aluminium producers,...
Based on the General Administration of Customs data, the Shanghai Metals Market revealed that November primary aluminium imports were 13.8 per cent down month-on-month but 22.5 per cent up year-on-year. According to SMM, China’s imports of primary metal in November were 150,700 tonnes, which...
In eleven months of 2024, Africa has produced 1.44 million tonnes of primary aluminium, compared to 1.462 million tonnes a year ago. That reflects a year-on-year downfall of 1.5 per cent, in contrast to the 2.87 per cent hike in global primary metal output . Consequently, the country’s contribution...
On the day of Christmas, as the world is in a celebratory mood, the aluminium price on the Shanghai Metals Markert is on the hiking trend, bringing good news for investors. As of December 25, 2024, the Shanghai Metals Market (SMM) reported the following prices for alumina and aluminium ingots:...
Vedanta Aluminium has made another leap in respect to digital innovation. The company has introduced an advanced Logistics App, developed in collaboration with Krishca Strapping Solutions, aimed at enhancing the company’s transport loading and lashing operations to a global standard. Image Source:...
Aluminium Bahrain B.S.C. (Alba) has deployed yet another cutting-edge technology for operational enhancement. According to a report on December 24, Alba has partnered with Comvision (India) Private Limited, a leading provider of intelligent transportation solutions, to upscale its inventory...
Winstar Capital Bhd has displayed an exceptional performance on the ACE Market, with its share price surging over 80 per cent since its listing at 35 sen. As of 12:35 pm on 24 December (local time), the company's shares are trading at 64 sen, reflecting a remarkable 83 per cent increase. Trading...
According to the Shanghai Metals Market survey, China’s primary aluminium and input costs have shrunk overnight, indicating muted demand for the commodities. The only exception is bauxite, with its domestic price remaining unchanged and imported price gaining US$ 0.08 per tonne to US$105.84 per...
