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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China’s A00 aluminium ingot price has continued to decline on Thursday, September 5, albeit at a slower rate. According to the Shanghai Metals Market survey, the price dwindled by RMB 30 per tonne, reaching at RMB 19,300 per tonne. The average prices are estimated to range between RMB 19,280 per...
On Wednesday, LME aluminium opened at US$2,412.5 per tonne, reached a high of US$2,418.5 per tonne, a low of US$2,370.5 per tonne, and closed at US$2,399.5 per tonne, down US$16 per tonne, a decrease of 0.66 per cent. On Wednesday, September 4, both LME aluminium cash bid price and LME aluminium...
EPIQ Machinery, a world-class equipment manufacturer, continues its rapid growth. The company is to acquire the mining and metals activities of Alizent Canada and Alizent USA. Following this upcoming acquisition, a new entity will be created: EPIQ DIGITAL. This highly strategic acquisition project...
The countdown to the 12 th IBAAS International Bauxite, Alumina & Aluminium Conference & Exhibition has begun, and we are excited to announce that the event will be bigger and more impactful than ever before! Scheduled for September 25-27, 2024, at BITS, Goa, India, this mega aluminium event is set...
Emirates Global Aluminium (EGA) is the first company in the UAE to have implemented a digital greenhouse gas emissions tracking system. This technology will significantly accelerate the company’s decarbonisation drive, enhancing the transparency in recording GHG emissions aligned with the UAE’s...
On Tuesday, LME aluminium opened at US$2,424 per tonne, with a high of US$2,428.5 per tonne, a low of US$2,394 per tonne, and closed at US$2,415.5 per tonne, down US$8.5 per tonne, a decrease of 0.35 per cent. As per the LME aluminium graph, on Tuesday, September 3, both the cash bid price and...
On Tuesday, China's Ministry of Commerce (MOFCOM) announced decisive countermeasures against Canada in response to its decision to impose additional tariffs on Chinese imported products, including aluminium, electric vehicles (EVs), and steel. These measures include plans to initiate dispute...
On Monday, LME aluminium opened at US$2,449.5 per tonne, hit a high of US$2,456.5 per tonne and a low of US$2,411 per tonne, and closed at US$2,424 per tonne, down US$22 per tonne, or 0.90 per cent. As per the LME data, on Monday, August 2, aluminium prices dropped to a two-week low following data...
Aldel (Damco Aluminum Delfzijl Cooperatie U.A.), a Dutch aluminium maker based in Delfzijl, announced on Friday that owing to the continuous high energy costs and insufficient government support, the company has decided to suspend the remaining operations at its Farmsum facility. Reason for the...
Africa's primary aluminium production in July 2024 reached a new high compared to the previous six months' data but still stood lower than in the same period last year, found the International Aluminium Institute (IAI). According to IAI, Africa's primary metal output in July 2024 witnessed a...
The push to minimise emissions is not just limited to major aluminium and steel companies, infact their suppliers are also under pressure to reduce emissions across the supply chain. Renewable energy providers report that demand has surged beyond available capacity, with upcoming production already...
In August 2024, the global aluminium industry experienced notable fluctuations in pricing, reflecting a complex interplay of market dynamics and economic factors. There was a moderate increase in aluminium prices on the LME and the SHFE over the month. This uptick can be attributed to ongoing...
As of 2nd September, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the month with an average price of RMB 19,460 per tonne, dropped by RMB 170 per tonne from the previous day. The average price is likely to fluctuate between RMB 19,440 per tonne to RMB 19,480 per...
Last Friday, LME aluminium opened at US$2,460 per tonne, with a high of US$2,498 per tonne, a low of US$2,440.5 per tonne, and closed at US$2,446 per tonne, down US$25.5 per tonne, a decrease of 1.03 per cent. On Friday, August 30, both LME aluminium cash bid price and LME aluminium official...
This week, notable developments have surfaced in the upstream aluminium sector, covering bauxite, alumina, and primary aluminium. To begin with, a recent report stated that the Canadian government is considering adopting a tariff strategy similar to that of the United States, targeting electric...
Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium, has reported strong financial results for Q12024, driven by sustained global demand for premium aluminium. EGA's adjusted Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) reached AED 4.20...
South32 increased its manganese and aluminium production in South Africa for the fiscal year ending June 2024 despite facing lower prices and higher truck-related costs. The company is actively exploring low-carbon energy solutions. South32 anticipates a 12 per cent increase in unit operating costs...
En+ Group, the largest producer of low-carbon aluminium and the biggest independent renewable energy generator, has announced its financial results for the first half of FY2024 ended June 30. The Group described the period as an onlooker of geopolitical tensions, weak metal demand, high interest...
