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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As the week progresses, the price listing of aluminium dips lower on the graph in the Shanghai Metals Market (SMM). According to their Wednesday (December 18) listing, apart from alumina, majority of the commodities have either remained stagnant or lost value from their previous pricing. Image...
METLEN Energy & Metals SA ("METLEN") (ATHX: MYTIL) (formerly MYTILINEOS), a leading global industrial and energy group, announces that a draft listing prospectus in connection with the listing of the shares of a newly UK-established company, METLEN Energy & Metals Limited (“METLEN Limited”), has...
In three months, from September to November, the Shanghai Metals Market (SMM) saw a price swell in the aluminium segment that was unmatched in the long past. It was attributed to a range of factors, from international supply shortages to heightened domestic production capacity in China. However,...
According to a recent report, ten European Union member states have jointly appealed for stricter sanctions on Russian metals, including aluminium. The demand is led by Poland, who will assume the rotating presidency of the European Union Council from January 2025. Poland joins the Baltic States,...
The 2024 (22nd) China Business Leaders Annual Conference, hosted by China Entrepreneur magazine, took place in Beijing. Among the distinguished speakers, Zhang Bo, Chairman and CEO of China Hongqiao Group, delivered the opening keynote speech. In recognition of his leadership and impact, Zhang Bo...
Aluminium Bahrain B.S.C. (Alba), the first aluminium smelter in the Middle East and the world's largest smelter ex-China with a production of more than 1.548 million tonnes per annum has achieved several milestones in 2024 and marked many crucial benchmarks for the entire global aluminium industry....
Iran's major state-owned holding company, IMIDRO, which is active in the mining sector, reported that the country's four aluminium smelters produced 400,425 tonnes of aluminium ingots during the first eight months of the Iranian calendar year starting March 20, 2024. This marks a decrease compared...
The aluminium metal segment in the Shanghai Metals Market has seen an across-the-board downward pricing trend on Monday, December 16. On one hand, the non-ferrous metal's primary and secondary ingot pricing has declined, and on the other hand, the alumina pricing has remained stagnant after abrupt...
As the negotiation continued for Japanese aluminium shipment premiums for the first half of 2025, some buyers have agreed to pay less than what was offered by global producers at the end of November 2024. According to a Reuters report, the amount agreed upon by Japanese buyers is $228 per tonne,...
After two consecutive days of hikes, China's domestic A00 aluminium ingot price has slipped by RMB 100 per tonne to reach RMB 20,320 per tonne on Friday, December 13. Thus, the price has edged a week-on-week decline of RMB 80 per tonne or 0.39 per cent from RMB 20,400 per tonne, primarily due to...
Base metals prices on the London Metal Exchange (LME) showed negative trends, except for nickel, which increased by 0.91 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses witnessed mixed movements, with zinc stocks decreasing by 0.76 per cent d-o-d. Aluminium prices declined due...
According to a report, the Indian Government may consider addressing the issue of inverted duty structure for some products in the aluminium sector in the forthcoming Union Budget for the fiscal year 2025-26. The news came on December 11 after an official said the government would revisit the...
According to the Shanghai Metals Market survey, China's A00 aluminium ingot price has gained RMB 40 per tonne to reach RMB 20,420 per tonne on Thursday, December 12. Since the beginning of the week, China's domestic aluminium ingot prices have moved within a fixed range, hovering between RMB...
DTE, Iceland’s groundbreaking metals analysis innovator, announces the appointment of Auður Árnadóttir as its Chief Financial Officer (CFO). With a proven track record of guiding startups through complex growth phases, Auður brings a wealth of expertise in financial strategy, operational efficiency...
In November 2024, just ahead of the cancellation of the aluminium semis export tax rebate on December 1, overseas orders for Chinese extruded aluminium products surged, driving some billet enterprises to increase operations. Therefore, despite one less operating day in November than October,...
RUSAL, one of the world’s largest aluminium producers, has developed an artificial intelligence-based technology for container control. This innovation significantly reduces the time required to dispatch containers from the terminal for loading with finished products. The technology, developed by...
The proportion of Russia-origin aluminium in London Metal Exchange (LME) warehouses in November 2024 grew to 67 per cent, following a drop in the previous month from 66 per cent to 65 per cent. Although the proportion increased, the volume of stocks continued to drop, amounting to 254,500 tonnes at...
On Wednesday, December 11, the average price of a00 primary aluminium ingot in the Shanghai Metals Market (SMM) increased by RMB 30 and stood at RMB 20,380 per tonne with a range of RMB 20,360 to 20,400 per tonne. The average pricing of the primary metal ingot has witnessed a depletion of 5.2 per...
