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 survey (SMM), as of 30th August, China’s A00 aluminium ingot price has surged by RMB 80 per tonne after a huge downfall the previous day by RMB 250 per tonne. Today, the average aluminium price closed at RMB 19,630 per tonne. The week ends on a more or less...
On Thursday, LME aluminium opened at a high of US$2,486.5 per tonne, a low of US$2,450 per tonne, and closed at US$2,466 per tonne, down US$18 per tonne, a decrease of 0.72 per cent. On Thursday, August 29, both LME aluminium cash bid price and LME aluminium official settlement price declined by...
The largest integrated aluminium producer in Southeast Asia, Press Metal Aluminium Holdings Bhd, reported a 65 per cent increase in net profit for Q2 FY2024, driven primarily by higher selling prices and a stronger US dollar, which bolstered export revenues. For the quarter ending June 30, 2024,...
On Wednesday, August 28, three-month LME aluminum contract opened at US$2,543 per tonne, with a high of US$2,548.50 per tonne and a low of US$2,484 per tonne, closing at US$2,484 per tonne, down by US$62.50 per tonne. After experiencing skyrocketing growth over six days by US$226.50 per tonne...
On Thursday, August 29, China’s A00 aluminium ingot price has declined by RMB 250 per tonne to settle at RMB 19,550 per tonne, with the average price expected to stand between RMB 19,530 per tonne and RMB 19,570 per tonne. The spot contract price will be traded at a discount price of RMB 110 per...
Vedanta Limited, an Indian multinational mining company, is reportedly planning to establish two industrial parks, one for aluminium and one for silver and zinc. The news came on Wednesday, August 28, after Vedanta's chairman Anil Agarwal announced it on one of his LinkedIn posts, indicating a...
According to a recent report, Japanese buyers are offered a much higher premium, above $180 per tonne, for the shipment of primary aluminium in the fourth quarter of 2024, ending December 31. The news came after two people directly involved in quarterly pricing talks reported the matter on...
According to the Shanghai Metals Market (SMM), the price of A00 aluminium ingots has experienced a slight increase after stabilising the previous day. On August 28th, the price has grown by RMB 60 per tonne, reaching RMB 19,800 per tonne. However, the price remains on a downtrend when compared to...
On Tuesday, LME aluminium opened at US$2,532 per tonne, with a high of US$2,554 per tonne and a low of US$2,502.5 per tonne, closing at US$2,546.5 per tonne, up US$13 per tonne or 0.51 per cent. On Tuesday, August 27, both LME aluminium cash bid price and LME aluminium official settlement price...
The Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) has reported a slight increase in the country's aluminium ingot production for the first four months of the current Iranian calendar year, which ended on July 21. According to a report cited by the Islamic...
Zhengzhou Research Institute recently hosted a seminar focused on revising the mandatory national standard, "Code for Safe Production of Aluminum Electrolysis" (GB29741-2013). During the seminar, Wang Huaijiang, the Institute's deputy general manager and safety director, outlined the primary...
According to a report, China has denounced Canada's proposed tariffs on Chinese aluminium, steel, and electric vehicles. A spokesperson for the Chinese Embassy in Canada said Canada's tariff plans reflect a typical act of trade protectionism and political dominance. The spokesperson cautioned that...
Following the news on the Canadian Government’s plan to imitate the United States tariffs on Chinese aluminium, steel, and electric vehicles, the Aluminum Association released a statement applauding and welcoming a 25 per cent additional tariff on certain aluminium and aluminium products imported...
The Shenyang Institute held an exchange meeting with the Mining Corps and Lianchuang Centre of Huawei Technologies Co., Ltd on the 5th of August, 2024. Technical experts from both organisations discussed Chinalco Group's AI application scenario, "Intelligent Decision-Making System for Electrolytic...
According to the Shanghai Metal Market, after several days of no movement, alumina prices have finally surged by RMB 9 per tonne, reaching RMB 3,916 per tonne. In key regions like Henan, Shanxi, Guizhou, and Guangxi, the increase is even higher, with prices up by RMB 10 per tonne. This rise follows...
Alucam, a Cameroon-based aluminium company engaged in producing ingots, plates, coils, sheets, and discs, has reported substantial growth in the export of raw aluminium to France in 2023. The export volume amounted to 15,879 tonnes, making aluminium the fifth largest product being shipped from...
On Tuesday, August 27, the SHFE aluminium benchmark price moved up by US$2 per tonne or 0.07 per cent to clock at US$2,789 per tonne. W-o-W, the price has surged by US$40 per tonne or 1.45 per cent from US$2,749 per tonne. The most-traded SHFE aluminium 2410 contract opened at RMB 19,930 per tonne...
According to a recent report, the Canadian government is contemplating replicating the United States tariff plans on electric vehicles, aluminium, and steel imported from China. The news came on August 26 after the Toronto Star, a Canadian English-language broadsheet daily newspaper, reported about...
