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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Ma'aden, Saudi Arabia's premier mining company, has reached an agreement to acquire SABIC's 20.62 per cent stake in Aluminium Bahrain (ALBA). This acquisition reflects Ma'aden's ongoing commitment to regional expansion and aligns with its ambitious goal to achieve a tenfold growth by 2040. The...
Aluminium stocks at Japan’s three major ports – Yokohama, Nagoya, and Osaka decreased year-on-year, indicating persistent supply constraints in Asia. Compared to 360,700 tonnes at the end of August 2023, stocks in August 2024 recorded a sharp fall of 9.26 per cent, showed Marubeni Corporation, a...
On Monday, September 16, the LME aluminium benchmark price witnessed a leap of US$100 per tonne, reaching above US$2,500 per tonne after precisely three weeks. Only over a night, LME aluminium cash bid price and LME aluminium official settlement price shot up by US$100.50 per tonne and US$100 per...
Aluminium Bahrain B.S.C. (Alba) has taken a major step towards reshaping the global aluminium landscape. In its meeting on September 16, 2024, the company’s Board of Directors approved entering into a non-binding agreement with Saudi Arabian Mining Company (Maaden) to begin due diligence on a...
In the first half of 2024, the United States experienced a sharp fall of 39,000 tonnes or 11.50 per cent in its primary aluminium production compared to the same period of the previous year. The drop was consistent each month, averaging a decrease of 7,000 tonnes to 8,000 tonnes per month from...
According to the National Bureau of Statistics (NBS), China’s aluminium production in August 2024 stood firm, marking an annual growth of 2.5 per cent. Attributed to solid profits due to increased aluminium prices, smelters in the domestic market scaled up their production to 3.73 million tonnes...
On Friday, September 13, the LME aluminium benchmark price continued to grow for the fourth day in a row and exceeded the US$2,400 per tonne level. The LME graph movement suggests the LME aluminium cash bid price and LME aluminium official settlement price increased by US$14 per tonne and US$14.50...
On September 15, 2024, Alcoa Corporation announced that it had entered into a binding share purchase and subscription agreement with Saudi Arabian Mining Company (Ma’aden). Under this agreement, Alcoa will sell its entire 25.1 per cent ownership stake in their joint venture to Ma’aden for...
John Slaven, CEO of Vedanta Aluminium, has submitted his resignation from the post, effective September 30, 2024, according to an exchange filing on September 14. Slaven, who took on the role in October 2023, is stepping down citing personal reasons. However, the company has not yet named his...
China's primary aluminium production and supply remained stable in August 2024 without being affected by power shortages in Sichuan, found the Shanghai Metals Market survey. According to SMM data, China's primary aluminium production in August marginally grew month-on-month from the previous...
The use of aluminium to bind phosphorus in sediments is a well-established method for mitigating eutrophication in lakes with high nutrient storage. Eutrophication is the process in which a water body is excessively enriched with nutrients, which leads to an overgrowth of simple plant life. The...
On Thursday, LME aluminium opened at US$2,377.5 per tonne, reached a high of US$2,427.5 per tonne, a low of US$2,374.5 per tonne, and closed at US$2,414 per tonne, up US$34.5 per tonne, an increase of 1.45 per cent. As per the data, both LME aluminium cash bid price and LME aluminium official...
Shyam Metalics and Energy anticipates significant growth through FY2029 based on strategic expansions in product lines and advanced technology integration into operations. The company’s entry into the aluminium and stainless-steel business is also expected to contribute to the anticipated growth as...
Vedanta Aluminium, a business of Vedanta Limited and India's largest aluminium producer, has reportedly launched two new ranges of wire rods at PowerEdge 2024. One is AL59 Ingot, and the other is an electrical conductor (EC) grade wire rod. The AL59 Ingot is ideal for remelting as it offers...
On Wednesday, LME aluminium opened at US$2,342 per tonne, reached a high of US$2,379.5 per tonne, a low of US$2,337 per tonne, and closed at US$2,379.5 per tonne, up by US$37.5 per tonne, an increase of 1.60 per cent. As per the LME data, both cash bid price and official settlement price gained...
According to the International Aluminium Institute's data, primary aluminium production in the Americas totalled 464,000 tonnes, of which 71.98 per cent was contributed by North America and 28 per cent by South America. On a month-on-month basis, the total output in the Americas marked an increase...
One regular feature of the primary aluminium group in China is the preparation for winter. If your aluminium smelter is a thousand miles from anywhere, such as those in places like Xinjiang, you want to make sure you are well covered in terms of alumina supply. Those plants rely on alumina coming...
According to data from the London Metal Exchange (LME) released on September 10, 2024, the proportion of aluminium stocks of Russian origin in LME-approved warehouses increased to 67 per cent in August, up from 65 per cent in July. The share of aluminium originating from India dropped to 31 per...
