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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In a recent development in the Indian aluminium industry, prices rose by 0.12 per cent to settle at INR 242650 per tonne, driven by sustained demand from China, the world's largest aluminium consumer. As a lump sum quantity of the non-ferrous metal is being exported to the neighbouring country,...
China’s A00 aluminium ingot price has lost RMB 60 per tonne to settle at RMB 20,320 per tonne, with the spot contract price expected to be traded at a discount price of RMB 10 per tonne and a premium price of RMB 30 per tonne. The average prices may stand between RMB 20,300 per tonne and RMB 20,340...
According to the International Aluminium Institute data, Africa’s primary aluminium production recovered in October 2024, experiencing an increase of 3,000 tonnes or 2.24 per cent M-o-M. The monthly gain occurred amid daily average output shortfall of 100 tonnes. In the said month, Africa’s primary...
Updates like record-high alumina production in October, Antam committing $723 million for mining expansion, and global aluminium producers offering 31-49 per cent higher shipment premium to Japanese buyers have taken the aluminium industry by storm this week, indicating an increasing effort towards...
The largest integrated aluminium producer in South East Asia, Press Metal Aluminium Holdings Bhd reported a significant 31.4 per cent jump in net profit for the third quarter that ended Sept 30, 2024, reaching RM402.3 million, up from RM306.1 million in the same period last year. The robust...
One month to go to 2025, and global aluminium producers have begun to offer new premiums to Japanese buyers for the first quarter of the New Year. And not much to our surprise, the premium offered for the March quarter is 31 to 49 per cent higher than the current quarter’s premium, anticipating a...
In a recent forecast by Bank of America, analysts have projected a turbulent year ahead for the metals and minerals market in 2025. Bank of America is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalisation, both after JPMorgan...
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, has recognised over 380 employees who have reached more than 25 years of service at the company since 2020. EGA's heritage stretches back to the 1970s and has built its success on a culture of...
On Friday, November 29, the A00 aluminium ingot price has descended by RMB 40 per tonne to clock 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 are expected to stand between RMB 20,340 per tonne and RMB...
AL Circle, the leading global digital platform for the aluminium value chain, is thrilled to announce the launch of the 28th edition of its highly anticipated e-Magazine, " Aluminium Industry: Focus Europe ." This latest issue is dedicated to exploring the evolving landscape of the European...
On Thursday, November 28, the A00 aluminium ingot price declined by RMB 140 per tonne to settle at RMB 20,400 per tonne, with the spot contract price expected to be traded at a premium price of RMB 10 to RMB 50 per tonne. The average prices may range between RMB 20,380 per tonne and RMB 20,420 per...
RUSAL, one of the world’s largest aluminium producers, has achieved a historic milestone. The Russian aluminium producer has successfully conducted the first-ever preheating and start-up of an aluminium reduction cell using inert anodes. This groundbreaking aluminium electrolysis technology emits...
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, has offered more than 100 young UAE Nationals jobs at Tawdheef x Zaheb career fair. During the three-day recruitment drive, EGA engaged with young people to discuss the company’s flagship...
On Monday, November 25, US President-elect Donald Trump reiterated his tariff plans on social media, including a 25 per cent duty on all imports from Mexico and Canada. According to Citibank analysts, the tariff on Mexico and Canada would affect the global commodity market, but the maximum impact...
Vedanta Aluminium, India’s largest aluminium producer and a leader in sustainable development, has reinforced its position as an environmental leader by spearheading impactful biodiversity and carbon reduction initiatives in Odisha through a strategic partnership with PwC India. This collaboration...
On Wednesday, November 27, China’s A00 aluminium ingot price has dropped by RMB 60 per tonne to settle at RMB 20,540 per tonne with the average prices standing between RMB 20,520 per tonne and RMB 20,560 per tonne. The prices have fallen in all the provinces, with the highest in Linyi, where it has...
On Tuesday, November 26, the average price of A00 aluminium ingot in the Shanghai Metals Market stood at RMB 20,600 per tonne, with a fall of RMB 70 to yesterday's price. The price change was witnessed to be 1.1 per cent lower M-o-M and merely 0.3 per cent higher W-o-W. Image Source:...
United Company Rusal, the world’s second-largest aluminium company by primary metal output, has announced a reduction of 6 per cent in production in response to the global alumina price surge, causing skyrocketed production costs. Slow economic progress dampening domestic demand for aluminium is...
