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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On Saturday, November 23, Tiwai Point smelter of New Zealand opened its gates to enthusiasts for production process glimpsing, and hundreds poured in to prove the decision right. New Zealand Aluminium Smelters' external affairs director, Simon King, said Tiwai decided to hold an open day after a...
Akatswiri Mineral Resources is optimistic about its $820 million aluminium production project, which can potentially transform Malawi's industrial landscape. The company has completed a feasibility study for mining bauxite deposits in the Mulanje Mountain region. It plans to refine the ore into...
On Monday, November 25, the A00 aluminium ingot price opened the week with a growth of RMB 60 per tonne to settle at RMB 20,670 per tonne, with the spot contract price expected to be traded at a premium price of RMB 50 to RMB 90 per tonne. The average prices may range between RMB 20,670 per tonne...
The Department of Industry and Information Technology of Guangxi Zhuang Autonomous Region recently unveiled the list of 2024 Guangxi Intelligent Manufacturing Benchmark Enterprises, Intelligent Factory Demonstration Enterprises, and Digital Workshops. Through continuous technological innovation and...
The global aluminium industry is witnessing significant developments as key players take steps towards sustainability and economic growth. Oman, the oldest independent state in the Arab world, is moving forward with plans to establish an Integrated Economic Cluster for Aluminium Industries in...
Despite mounting global resistance to its surging shipments of low-cost goods, China has pledged to increase support for exporting companies. Beijing's new policies aim to sustain its export boom, which is on track to reach record levels, even as trading partners accuse it of undercutting local...
The world’s primary aluminium production regained momentum in October 2024 after an intermittent decline of 3.19 per cent in the previous month. Owing to the increase across all the major primary aluminium-producing regions, the world’s output reached a new high in October, exceeding all the...
The European market for aluminium alloy ingot has experienced a significant devaluation, with both Germany and Turkey playing a pivotal role. Their substantial price reductions, amidst economic challenges and struggles in the automotive sector, have contributed to a pronounced downward trend in the...
Alcoa Corporation, a name to reckon with in the global aluminium industry, has reportedly joined the World Economic Forum’s First Suppliers Hub, a platform created to bring together the innovative suppliers of materials needed to support the ambition of industrial decarbonisation in the world by...
Vedanta's continued endeavour to shift its power sources to renewable energy has led to an agreement with GAIL Gas Limited, a subsidiary of GAIL (India) Limited, for the natural gas supply to Jharsuguda smelter. The transition to natural gas will expectedly become operational from the end of 2025,...
Mubadala Investment Company, in partnership with Emirates Global Aluminium (EGA), Strata Manufacturing Company, and Khalifa University of Science and Technology, has embarked on an ambitious initiative to create the UAE's first national laboratory and research program focused on high-temperature...
China's primary aluminium billet output in October 2024 retreated from its previous month's high as many billet manufacturers reduced their production pace due to several unfavourable factors like high selling prices, lower processing fees, and sluggish downstream demand. Usually, October is a...
Mining giants saw a strong start to the week, the 47th week of the year 2024, buoyed by China's decision to eliminate the 13 per cent tax rebate on aluminium and copper semi-finished products exports. The policy change, announced on November 15, 2024, triggered a surge of over 7 per cent in London...
Abdulnasser Ibrahim Saif bin Kalban, Chief Executive Officer of Emirates Global Aluminium (EGA), highlighted in his conversation with the Emirates News Agency (WAM) that Emirates Global Aluminium (EGA) plays a crucial role in supporting the national economy. As a key driver of the domestic...
The oldest independent state in the Arab world, Oman is progressing with plans to establish an 'Integrated Economic Cluster for Aluminium Industries' in Suhar, a key hub for multibillion-dollar investments focused on this valuable metal. The Oman Vision 2040 Implementation Follow-Up Unit leads...
China’s decision to revoke tax rebates on aluminium has caused two opposite reactions in the global market. On the one hand, it has brought a frown to global downstream producers and end-user manufacturers in anticipation of a limited supply of metal and higher prices; on the other, it has brought...
Aluminium is a vital element of the global economy, and the growing demand for green metal underscores its enduring importance. Despite challenges and occasional disruptions, the market's need for sustainable aluminium continues to thrive. Significant developments have occurred in the upstream...
On Friday, November 15, China’s finance ministry declared its plan to reduce or cancel export tax concessions for a wide range of commodities, including aluminium. As per the report, the measure will be effective from December 1, 2024. Image Source: Made-in-China For certain products like refined...
