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 Wednesday, October 9, China’s A00 aluminium ingot price declined by RMB 150 per tonne to settle at RMB 20,450 per tonne, with the spot contract price expected to be traded at a discount price of RMB 60 to RMB 20 per tonne. The average prices are expected to range between RMB 20,430 per tonne and...
According to Iranian Mines and Mining Industries Development & Renovation (IMIDRO), aluminium production in Iran through the first five months of Iranian calendar year (from March 20 to August 21) totalled 264,617 tonnes, compared to 267,983 tonnes during the corresponding period of the previous...
In the first half of 2024, the United States aluminium crude metal and alloy imports recorded a year-on-year decline of 7.04 per cent. Although the import volume increased Q-o-Q in the June quarter, it was not enough to offset the total deterioration of H1. From 911,000 tonnes in Q1, the United...
ICICI Securities recommends buying Vedanta's stock with a forecast of a stock price rise of 18 per cent. Driven by volume, value and cost reduction, the large-cap diversified metals company traded with a cut, even directing the ICICI securities, the domestic brokerage firm, to resume coverage on...
Fives, an international leader in industrial engineering, announces the acquisition of all technologies developed by Neatec, including pot alumina distribution and heat exchangers, allowing the environmental impact of primary aluminium production to be considerably reduced. Those technologies...
Canada reconfirms introducing tariff surcharges on aluminium and steel for Chinese enterprises. The tariff will be applicable effective October 22, 2024, on the finalised list of products from China. The confirmation came from Deputy Prime Minister and Minister of Finance Chrystia Freeland, as the...
This week brought several noteworthy developments in the upstream aluminium sector, spanning bauxite, alumina, and primary aluminium. The Government of Canada introduced a 25 per cent tariff on select Chinese aluminium and steel products while also detailing the enforcement of Section 53 of the...
Rusal, the leading aluminium producer from Russia, has announced it will double its smelter capacity to 600,000 tonnes by 2030 in its Boguchansky aluminium production site in Siberia. The jointly owned plant by Rusal and state-controlled power generating company RusHydron shall witness construction...
The 12 th International Bauxite, Alumina & Aluminium Conference & Exhibition (IBAAS-IIM 2024), held at BITS Goa during September 25-27, 2024, was a resounding success. With the theme "Aluminium Industry – Vision 2030," the event showcased India’s rapid expansion in alumina and aluminium production,...
On Friday, October 4, Vedanta Limited announced its second quarter and H1 results for FY2024-25 ended September 30, revealing the highest-ever quarterly and half-yearly aluminium production. In H1 FY2025, Vedanta's aluminium production totalled 1.205 million tonnes, following an output of 609,000...
On Monday, September 30, Rio Tinto announced the completion of acquiring another 11.65 per cent interest in Mitsubishi Corporation-owned Boyne Smelters Limited (BSL). The latter owns and operates Boyne Island aluminium smelter in Gladstone, Australia. Following the latest acquisition, Rio Tinto...
The Government of Canada announced the list of Chinese aluminium and steel products that will be subjected to a 25 per cent tariff, along with details regarding the implementation of Section 53 of the Customs Tariff Act. This move, which follows an earlier decision in August to impose a 100 per...
In August 2024, primary aluminium production in Europe continued to grow , reaching a new high. Month-on-month, the output increased by 2,000 tonnes or 0.34 per cent, while year-on-year surged by 29,000 tonnes or 5.1 per cent, supported equally by Russia & Eastern Europe and Western & Central...
On Monday, September 30, at LME week 2024, Rusal expressed its confidence that the ongoing supply-demand gap in the global aluminium market would narrow shortly and reach balance by the end of 2025. This optimism follows a market upturn buoyed by the Chinese stimulus programme, leading to a demand...
Alcoa of Australia Limited has entered into a long-term power agreement with AGL Energy for additional electricity supply for its Portland aluminium smelter in Portland, Victoria. As per the contract signed, AGL Energy Limited, Australia’s leading energy company with electricity, gas, solar, and...
The Indian public sector company National Aluminium Company Limited (NALCO), under the Ministry of Mines, delivered a positive financial performance for the fiscal year 2023-24. The company recorded a sales turnover of INR 13,149 crore (USD$ 1.57 billion), reflecting its continued strength in the...
In a significant milestone for the Indian aluminium industry, Vedanta Aluminium, the nation's leading producer, has taken the lead in receiving the prestigious Bureau of Indian Standards (BIS) certification for its aluminium wire rods and rolled products (sheets. plates and strips) as the...
In a recent conversation with one of the leading Indian news media, Jamie Dimon, a seasoned financial expert and the CEO of JPMorgan, shared his insights on the global economy's challenges. He underscored that despite lingering concerns over inflation and recession, the U.S. and India are...
