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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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...
The New Zealand Aluminium Smelter (NZAS) has agreed to further reduce its electricity consumption by an additional 20 megawatts to alleviate pressure on the national grid amid the current energy squeeze. This reduction comes on top of the 185MW demand cut the smelter recently implemented. Tiwai,...
On August 20th, 2024, the A00 aluminium ingot price in China, as reported by the Shanghai Metal Market (SMM), increased by RMB 30 per tonne, following a significant increase the day before. The price settled at RMB 19,490 per tonne, bringing the month-on-month price to the same level of RMB 19,490...
Alpha HPA has reportedly started the construction for Stage 2 of the HPA First Project following the confirmation of fire safety technology. Upon completion, this project will be the world’s largest high-purity aluminium materials manufacturing facility. This project represents a development...
Overnight, LME 3M aluminium opened at US$2,367 per tonne, reached a high of US$2,449.5 per tonne and a low of US$2,365 per tonne, and closed at US$2,430 per tonne, up US$64.5 per tonne, or 2.73 per cent. On Monday, August 19, both LME aluminium cash bid price and LME aluminium official settlement...
According to Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot market has initiated the week with a price surge of RMB 230 per tonne to register at RMB 19,460 per tonne. On a week-on-week basis, the price has escalated by RMB470 per tonne, while that on a month-on-month calculation...
On Friday, August 16, the 3-month LME aluminium contract price opened at US$2,358.50 per tonne, with a high of US$2,374 per tonne and a low of US$2,338.50 per tonne, closing at US$2,368 per tonne, up US$12 per tonne. LME aluminium cash bid price and LME aluminium official settlement price suffered...
According to China Customs data, China’s unwrought aluminium and aluminium product imports saw a substantial increase of 11.1 per cent year-on-year in July 2024 to stand at 260,000 tonnes. The total imports, including primary metal, unwrought, and alloyed aluminium, in the first seven months of the...
The Indian public-sector integrated aluminium company National Aluminium Company Limited (Nalco) has reported significant progress in its production operations for the current fiscal year, achieving 97 per cent of its production capacity target as of August 16. The company’s GGM(Smelter) and EPO -...
On August 6, Shenhuo Group officially inaugurated its Innovation and Development Research Institute and Renewable Energy Research Institute. These institutes will concentrate on advancing and utilising renewable energy, producing electrolytic aluminium in an efficient and low-carbon manner,...
Aluminium is an essential component of the global economy. The rising demand for green metal clearly shows that no matter how many setbacks or blips come across, the market or the need for this green metal will never decrease. The upstream aluminium sector, encompassing bauxite, alumina, and...
The latest data from the Shanghai Metal Market (SMM) shows a mixed performance in the aluminium market, with the price of A00 aluminium ingot seeing a significant increase today. As of August 16, the price of A00 aluminium ingot has skyrocketed by RMB 220 per tonne, or 1.15 per cent, from the...
According to the National Bureau of Statistics (NBS), China's primary aluminium production in July 2024 hit a more than two-decade high, with producers ramping up operations, particularly in Yunnan. China, the world's biggest aluminium producing country, churned out 3.68 million tonnes of primary...
On Thursday, LME 3M aluminium opened at US$2,325 per tonne, with a high of US$2,370 per tonne, a low of US$2,321.5 per tonne, and closed at US$2,356 per tonne, up US$29 per tonne, an increase of 1.25 per cent. On Thursday, August 15, both LME aluminium cash bid price and LME aluminium official...
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has increased by RMB 60 per tonne to exceed RMB 19,000 per tonne. On Thursday, August 15, China’s domestic primary aluminium ingot price has clocked at RMB 19,010 per tonne, marking a week-on-week rise of RMB...
On Wednesday, the 3-month LME aluminum contract opened at US$2,332.50 per tonne, with a high of US$2,365 per tonne, a low of US$2,319 per tonne, and closed at US$2,327 per tonne, up US$1 per tonne or 0.04 per cent. On Wednesday, August 14, LME aluminium cash bid price and LME aluminium official...
The first half of 2024 witnessed significant developments in the Chinese aluminium industry, reflecting a blend of challenges, strategic shifts and growth. As a result, China's economic condition also witnessed significant changes during the H1 2024, owing to reasons like the demand production gap,...
According to the Shanghai Metal Market (SMM) survey, China's A00 aluminium ingot price has experienced a slight decrease of RMB 40 per tonne on Wednesday, August 14, following a restraint on the previous day, settling at RMB 18,950 per tonne. This has resulted in a sharp month-on-month fall of RMB...
