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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Prices of aluminium ADC12 alloyed ingots declined m-o-m across south India, with BigMint's benchmark monthly assessment placing the OEM-approved grade at a ten-month low of INR 208,000/t in Chennai, levels last seen in February 2024. This marks a fall of INR 2,000/tonne (t) m-o-m, primarily due to...
According to the US Geological Survey data, the United States' primary aluminium production slightly rebounded in the third quarter, standing at 167,600 tonnes versus 167,000 tonnes in Q2. However, despite the sequential increase, the Q3 output volume was less than the Q2 production of 172,000...
The Indian aluminium industry has been encountering challenges in recent times, principally due to the surge in competitively priced imports from countries like China. The industry has been advocating for higher import duties to level the playing field and protect domestic producers. But is it at...
South32, a globally diversified mining and metals company, has announced the withdrawal of its production guidance for Mozal Aluminium in Mozambique due to escalating civil unrest in the region. The company cited rigorous roadway blockages that are restricting the transportation of raw materials to...
According to the Shanghai Metals Market survey, China’s domestic aluminium production destabilised in November 2024 (30 calendar days), recording a month-on-month downfall of 3.21 per cent, attributed to environment protection-related controls requiring production cuts during the dry season. In...
The price of a00 primary aluminium ingot, on Tuesday, December 10, has descended a diminutive amount to its yesterday's pricing. On December 11, 2023, the Shanghai Metals Market closed with the metal's average pricing being listed at RMB 18,380 per tonne, and on Tuesday, as the week progressed, the...
According to the US Geological Survey, the United States’ aluminium crude metal and alloy imports in August 2024 experienced a decline for the second consecutive month, following an increase last seen in June. As per the data revealed, the import volume in August plunged by 25,000 tonnes or 8.5 per...
Emirates Global Aluminium broke ground today to start constructing ten pilot reduction cells for EGA-EX, the next-generation smelting technology with more advanced features than EGA’s DX+ Ultra technology. The ten pilot cells will be constructed at Al Taweelah smelter to test and validate the...
The global mining and metal giant Rio Tinto has entered a strategic partnership with Swedish investment firm Vargas, global integrated business enterprise Mitsubishi Corporation, and a consortium of local and international industry partners to explore a low-carbon aluminium greenfield opportunity...
The final month of 2024 began this week, marking several key events in the upstream aluminium sector. A few of them are critical minerals export ban by China to the United States, projections by the Australian Securities Exchange Limited (ASX) suggesting a return of bauxite stocks to IPOs, and the...
Pittsburgh-based Alcoa Corporation is a global leader in the bauxite, alumina, and aluminium industry. With a market capitalisation of US$7.807 billion and an enterprise value of US$8.057 billion, the company's operations span the entire aluminium value chain, making it a significant player in the...
Canada’s Parliamentary Budget Officer (PBO), Yves Giroux, estimates that federal revenues will rise by $473 million over five years due to tariffs on Chinese electric vehicles, aluminium, and steel. In October, the federal government implemented a 100 per cent tariff on Chinese-made electric...
As the first week of the last month concludes, the price of primary and secondary aluminium ingots in the Shanghai Metals Market (SMM) stretches towards stability despite the week-long ups and downs. On Thursday, December 6, the price of a00 primary aluminium ingot was listed within a range of RMB...
Vedanta Aluminium, India's largest aluminium producer and one of the leading global players in the industry, has garnered worldwide attention this year with its bold moves towards sustainability and highest-ever half-yearly production. Indeed, the company has marked several milestones from the very...
The old Anglesey aluminium plant at Holyhead is all set to get revamped into a low-carbon campus, and it is calling for 1200 new job openings in the near future. Stena Line, which announced the purchase of the former Anglesey Aluminium site in September 2022, have had the intention to use the site...
The primary and secondary aluminium ingot pricing in the Shanghai Metals Market is on a high-jumping spree as the week progresses towards closing. The average price of a00 aluminium ingot on Thursday, December 05, was listed as RMB 20,550 per tonne, within a limited range of RMB 20,530-20,570 per...
Prices of aluminium ADC12 alloyed ingots remained stable w-o-w in both the northern and southern regions of India, largely due to ongoing sluggish demand in the automotive sector and a considerably weakened export market. Prices of OEM-approved ADC12 were at INR 209,000/t ex Delhi and INR 210,000/t...
On Wednesday, December 4, the A00 aluminium ingot price in China has increased by RMB 40 per tonne to halt at RMB 20,360 per tonne with the spot contract price expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The average prices may stand between RMB 20,340 per tonne and RMB...
