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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According to the Shanghai Metal Market, alumina prices have again surged by RMB 1 per tonne, reaching RMB 3,943 per tonne. The increase is even higher in the Shandong region, with prices up by RMB 5 per tonne. This brings the average price to RMB 3935 per tonne, fluctuating between RMB 3900 per...
On Tuesday, LME aluminium opened at US$2,364 per tonne, with a high of US$2,375 per tonne and a low of US$2,332.5 per tonne, closing at US$2,342 per tonne, down US$20.5 per tonne (-0.87 per cent). The LME aluminium cash bid price and LME aluminium official settlement price ascended by US$5 per...
We are thrilled to announce the launch of the 26 th edition of AL Circle's e-Magazine, titled " Aluminium Industry: Focus Asia ." In this edition, we dive deep into one of the fastest-growing and most dynamic regions in the global aluminium sector: Asia. This issue brings together expert insights,...
Vedanta Aluminium, India's largest aluminium producer, announced the appointment of David Stone as the Chief Executive Officer – Coal Mines. In his new role, David will oversee the entire coal mining operations of the company, spearheading strategy and leveraging technology and innovation to...
Press Metal Aluminium Holdings Bhd, a Malaysia-headquartered integrated aluminium producer, reported that its smelter in Samalaju Industrial Park caught fire. The accident broke out at the Phase 3 smelter, affecting 100 out of the 300 pots, and thankfully bypassed Phases 1 and 2. Press Metal also...
On September 6, Altor, a private equity fund, exercised its put option, obligating Hydro to acquire an additional 20 per cent stake in Vianode. This transaction results in both Altor and Hydro holding equal 50/50 ownership stakes. Why the put option A put option is a financial contract that grants...
On Monday, LME aluminium opened at US$2,344.5 per tonne, reached a high of US$2,365 per tonne and a low of US$2,326.5 per tonne before closing at US$2,362.5 per tonne, up US$21 per tonne, a 0.90 per cent increase. The LME aluminium cash bid price and LME aluminium official settlement price dwindled...
Vedanta Limited’s demerger process has progressed further, with the company submitting its plan to the National Company Law Tribunal (NCLT) after receiving approval from 75 per cent of its secured creditors, said Chairman Anil Agarwal. He also said the company expects to accomplish the demerge...
At the opening ceremony of the 2024 Global Energy Transformation Conference on September 7, Huang Runqiu, Minister of Ecology and Environment, emphasised the need to accelerate green and low-carbon development in China. By the end of the year, key emission industries, including aluminium, steel and...
According to the Shanghai Metal Market survey (SMM), as of 9th August 2024, the week initiated a reduction in China’s A00 aluminium ingot price by RMB 50 per tonne. Today, the average aluminium price settled at RMB 19,160 per tonne, with the spot contract price likely to be traded at a discount...
Last Friday, LME aluminium opened at US$2,384 per tonne, hit a high of US$2,394 per tonne and a low of US$2,340 per tonne, and closed at US$2,341.5 per tonne, down US$36.5 per tonne or 1.53 per cent. On Friday, September 6, both LME aluminium cash bid price and LME aluminium official settlement...
Globally, industrial emissions are a major contributor to air pollution, and Asia is no exception, negatively impacting both the environment and public health. China and India are the region's leading contributors to industrial emissions and are also ranked among the world's top polluting nations....
In recent developments across the upstream sector of the aluminium industry, significant changes and milestones have been reported. The upstream sector includes bauxite, alumina and primary aluminium. Emirates Global Aluminium (EGA) has pioneered digital greenhouse gas emissions tracking in the...
Beijing has requested talks with Canada at the World Trade Organization, a global trade referee, accusing the latter on the ground of violating WTO rules by imposing 100 per cent tariffs on China-origin electric vehicles and 25 per cent tariffs on aluminium and steel. The news came on Friday,...
On August 20th, Sunstone Development announced the signing of a capital increase agreement with Geely Baikuang to jointly invest 290 million yuan into Tiandong Baikuang Santian Carbon Co., Ltd. Following the capital injection, Sun-stone Development will hold a 66 per cent stake, while Geely...
On September 6, 2024, the A00 aluminium ingot price in China, as reported by the Shanghai Metal Market (SMM), ended the week with a dwindle in price by RMB 90 per tonne, following a slight decrease the day before. The price settled at RMB 19,210 per tonne, increasing the month-on-month price by RMB...
On Thursday, LME aluminium opened at US$2,392 per tonne, with a high of US$2,410 per tonne, a low of US$2,363 per tonne, and closed at US$2,378 per tonne, down US$21.5 per tonne, a decrease of 0.90 per cent. On Thursday, September 5, both LME aluminium cash bid price and LME aluminium official...
In a significant policy shift, the government of India announced on September 4, 2024, that it would ease the import norms for calcined and raw pet coke, expanding the scope of allowable inbound shipments. Previously restricted to the aluminium industry, these imports are now permitted to meet the...
