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....
Grow with
AL Circle
In July 2024, primary aluminium production across Europe saw a month-on-month increase of 3.66 per cent and a year-on-year hike of 3.82 per cent, standing at 595,000 tonnes, according to the International Aluminium Institute data. The increase in July output was contributed by both Eastern Europe...
Societe Generale International has announced its decision to withdraw from the London Metal Exchange's (LME) open-outcry trading floor, known as the "ring," a move that has sparked concerns about the future viability of this historic trading venue. The LME, the world's oldest and largest market for...
According to the Shanghai Metals Market, A00 aluminium ingot price in China has initiated the week of August 26 with an increase of RMB 40 per tonne to stand at RMB 19,740 per tonne. The price has marked a week-on-week hike of RMB 280 per tonne from RMB 19,460 per tonne and a month-on-month surge...
LME aluminium opened at US$2,475 per tonne, with a high of US$2,547.5 per tonne and a low of US$2,473.5 per tonne, closing at US$2,533.5 per tonne, up US$67 per tonne or 2.72 per cent. On Friday, August 23, both LME aluminium cash bid price and LME aluminium official settlement price gained US$28.5...
As a nation severely affected by the ongoing geopolitical crisis with its neighbouring country, Ukraine's Head of the State Property Fund, Vitalii Koval, believes that the Zaporozhye Aluminium Plant (Zaporizhzhia Aluminium Plant) will appeal to investors primarily as a site for industrial...
Aditya Birla Group-owned Hindalco Industries announced in its annual general meeting on August 22 that it would invest $10 billion in capacity expansions. Chairman Kumar Mangalam Birla distinctly outlined his plans for ongoing and near-term projects related to aluminium and copper smelters,...
On 23rd August, according to the Shanghai Metal Market (SMM), China’s A00 aluminium ingot market seemed stable compared to the previous few days. Today, the average aluminium ingot price has experienced a very slight increase by RMB 10 per tonne after a huge surge in price for the entire week,...
Overnight, LME 3M aluminium opened at US$2,482 per tonne, hit a high of US$2,531 per tonne, a low of US$2,466 per tonne, and closed at US$2,466.5 per tonne, down US$14.5 per tonne or 0.58 per cent. On Thursday, August 22, both LME aluminium cash bid price and LME aluminium official settlement price...
Bahrain's non-oil exports have shown a positive upward trend, increasing by 4 per cent to reach BHD337 million (USD 894.31 million) in July 2024, up from BHD323 million in July 2023, according to a newly released report from the Information & eGovernment Authority (iGA). The July 2024 Foreign Trade...
The SMM aluminium market has witnessed an increase in prices today, with the A00 aluminium ingot price soaring by RMB 100 per tonne to rest at RMB 19,690 per tonne, with the average prices ranging between RMB 19,670 per tonne and RMB 19,710 per tonne. This week seems optimistic in comparison with...
Overnight, LME 3M aluminium opened at US$2,482.5 per tonne, with a high of US$2,495 per tonne, a low of US$2,452.5 per tonne, and closed at US$2,479 per tonne, down US$23 per tonne or 0.92 per cent. On Wednesday, August 21, both LME aluminium cash bid price and LME aluminium official settlement...
In response to an unwavering commitment to upgrade its employees on latest technology and knowledge for improved daily operations, Aluminium Bahrain B.S.C. (Alba) has collaborated with the Nasser Artificial Intelligence Research and Development Centre (NAIRDC), the research and development arm of...
The world's largest aluminium producer, China's use of liquid metal transfers slowed in June and July 2024 but picked up again in August. Following a strong period in the previous three months, the use of liquid metal transfers as a means of moving metal into the market dropped by around 2 per cent...
According to the Shanghai Metals Market (SMM) survey, as of August 21, 2024, China's domestic A00 aluminium ingot price has continued to increase by RMB 100 per tonne to officially close at RMB 19,590 per tonne . China's domestic A00 aluminium ingot price has risen for the fifth consecutive day in...
According to the General Administration of Customs, China’s primary aluminium imports in July 2024 recorded a month-on-month rise of 7.2 per cent and a year-on-year increase of 11.4 per cent. With the latest hike, China’s primary aluminium imports in July reached 129,900 tonnes, bringing the...
Overnight, LME 3M aluminium opened at US$2,430 per tonne, with a high of US$2,506 per tonne and a low of US$2,418 per tonne, closing at US$2,476 per tonne, up US$30.5 per tonne or 1.25 per cent. On Tuesday, August 20, both the LME aluminium cash bid price and LME aluminium official settlement price...
The world’s primary aluminium production increased in July 2024, driven by robust output across all the major primary metal-producing regions. On a month-on-month basis, the world’s primary aluminium production in July registered an increase of 3.54 per cent, while that on an annual calculation...
On India's 78th Independence Day, Vedanta Aluminium, India's largest aluminium producer, has launched Phase Three of Project Shree Shakti, a pioneering initiative to induct women employees into the night shift at its smelter operations in Jharsuguda, Odisha. The latest phase of this project, the...
