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 the previous trading day, LME aluminium opened at US$2,557 per tonne, hit a high of US$2,580 per tonne and a low of US$2,516 per tonne, and closed at US$2,539 per tonne, down US$17 per tonne, a decrease of 0.67 per cent. On Wednesday, September 25, both the cash bid price and official settlement...
According to the Shanghai Metals Market (SMM) survey, as of 25th September 2024, China’s average A00 aluminium ingot price has skyrocketed by RMB 360 per tonne to reach RMB 20,160 per tonne. This huge increase brings the average price higher W-o-W by RMB 370 per tonne from RMB 19,790 per tonne. The...
LME aluminium opened the previous trading day at US$2,489 per tonne, with a high of US$2,568 per tonne and a low of US$2,483 per tonne, closing at US$2,554 per tonne, up US$68 per tonne, an increase of 2.73 per cent. Both the cash bid price and official settlement price marked a surge of US$86 per...
Rio Tinto is hosting a site visit for the financial community this week to its Aluminium and Iron & Titanium operations in Quebec, Canada. The visit will showcase the world-class, hydro-powered aluminium smelters in the Saguenay, including the Shipshaw Power Station and construction progress at the...
The previous trading day, LME aluminium opened at US$2,485 per tonne, with a high of US$2,499 per tonne and a low of US$2,456 per tonne, closing at US$2,486 per tonne, up US$1 per tonne, an increase of 0.04 per cent. On Monday, September 23, both LME aluminium cash bid price and LME aluminium...
China’s primary aluminium imports recorded month-on-month and year-on-year increases in August 2024, while exports showed a downtrend, suggesting an impressive domestic demand for the primary metal over the rest of the world. China’s domestic aluminium processing enterprises have received new...
In August 2024, the Oceania region played a critical role in driving the world’s primary aluminium production. In tandem with a month-on-month drop in the region’s primary aluminium production, the world’s output decreased from the record high level but was largely offset by stable production...
On the previous trading day, LME aluminium opened at US$2,536.5 per tonne, hit a high of US$2,551 per tonne and a low of US$2,478 per tonne, and closed at US$2,486 per tonne, down US$53.5 per tonne, a decrease of 2.11 per cent. As per the LME price graph, on Friday, September 20, both cash bid...
Aluminium is an essential component of the global economy, and its growing demand underscores its lasting importance. Despite occasional challenges or disruptions, the market for sustainable aluminium will continue to grow, reflecting the unrelenting need for this eco-friendly material. To begin...
On Friday, September 20, Vedanta Aluminium officially confirmed that the new 37-km long Sardega-Bhalumuda rail project connecting Odisha and Chhattisgarh, once operational, would establish a smooth and faster transportation of coal from the company’s mines. Recently, the Cabinet Committee on...
Saudi Arabia has reiterated its strong interest in enhancing its presence in the metals and mining sector, aiming to turn it into a third pillar of the kingdom’s economy. A key part of this strategy includes acquiring control over Bahrain’s aluminium smelter and accumulating assets in global...
Yesterday, LME aluminium opened at US$2,521.5 per tonne, hit a high of US$2,569 per tonne and a low of US$2,506 per tonne, and closed at $2,540 per tonne, up $18 per tonne or 0.71 per cent. On Thursday, September 19, both LME aluminium cash bid price and LME aluminium official settlement price...
The European Union's approach to Russian primary aluminium imports has significantly transformed in a landscape marked by evolving geopolitical tensions, as revealed by a recent report by Eurasia Strategic Consulting. While presently, any formal sanctions on Russian aluminium remain absent, other...
The previous trading day, LME aluminium opened at US$2,509 per tonne, reached a high of US$2,542 per tonne, a low of US$2,485 per tonne, and closed at US$2,522 per tonne, up US$15.5 per tonne, an increase of 0.62 per cent. On Wednesday, September 18, both LME aluminium cash bid price and LME...
In August 2024, China’s imports and exports of unwrought aluminium and aluminium products increased, suggesting an increase in domestic production and a gradual recovery in demand aligned with a ramp-up in overseas orders for Chinese aluminium semis. Overview of August imports According to the...
Calderys has reached a significant milestone in its global growth strategy with the commencement earlier this year of a project in the state of Odisha, India. This project will be the world's largest single-site greenfield plant dedicated to refractories and steel casting fluxes. It represents a...
LME aluminium opened at US$2,517 per tonne, hit a high of US$2,539.5 per tonne, a low of US$2,505.5 per tonne, and closed at US$2,506.5 per tonne, down US$8.5 per tonne, a decrease of 0.34 per cent. On Tuesday, September 17, both LME aluminium cash bid price and LME aluminium official settlement...
The Public Enterprise Selection Board (PESB), a high-powered body constituted by the Government of India, has selected Brijendra Pratap Singh as the next Chairman-cum-Managing Director (CMD) of National Aluminium Company Limited (NALCO), a Schedule 'A' Central Public Sector Undertaking (PSU)....
