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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Baotou Aluminum has recently secured an international invention patent for an "aluminium electrolytic process adjustment method" and has obtained an invention patent authorisation certificate in Nigeria, marking the company's first foreign invention patent authorisation. This patented method...
In July 2024, the global aluminium industry experienced a month of significant developments and milestones. Industry leaders celebrated substantial investments in sustainability, with major projects focused on enhancing recycling capacities and reducing carbon footprints. Companies like Speira and...
Ukraine's State Property Fund has announced an auction scheduled for August 6 to sell its 97.5458 per cent stake in JSC Zaporozhye Aluminium Plant. The auction will be conducted on the Prozorro.Sales electronic trading platform, with a starting price set at nearly UAH 151.9 million ($3.7 million)....
Data revealed by the International Aluminium Institute indicates a year-on-year increase in both North and South America's primary aluminium production during the first half of 2024. Even amid occasional declines in some months, primary aluminium output in North America rose by 4.35 per cent, while...
On Friday August 2, the market for aluminium ingot alloy showcased a notable trend. The market for aluminium ingot experienced a major adjustment across various regions of China. According to the Shanghai Metal Market (SMM), the price of A00 aluminium ingot closed at RMB 19,000 per tonne,...
On July 31, 2024, Vedanta Ltd. announced it had received clearance from the leading stock exchanges, BSE and NSE, for its proposed demerger. The approval marks a crucial step in Vedanta's plan to split into six independent listed companies, including aluminium, oil, and gas. According to a...
The previous trading day, LME aluminium opened at US$2,311 per tonne, reached a high of US$2,327.5 per tonne and a low of US$2,272.5 per tonne, and closed at US$2,273.5 per tonne, down US$41.5 per tonne, a decrease of 1.79 per cent. Following a growth the previous day , both LME aluminium cash bid...
India has witnessed a continued increase in metals and minerals production during the first quarter of FY2024-25, following a record output level in FY2023-24, said the Ministry of Mines in a statement on Thursday, August 1. According to the data revealed by the Ministry of Mines, India’s primary...
Given the high demand for local suppliers of steel, aluminium and its alloys, the Ministry of Economy of Nuevo León and the Chain of Industry Producers in Mexico (CAPIM) are working to enhance the value chain. Nuevo León, officially the Free and Sovereign State of Nuevo León, is a state in...
As of 1st August, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the month with an average price of RMB 19,170 per tonne. Compared to the previous day, the price has skyrocketed by RMB 200 per tonne after China’s leaders pledged increased support measures to stabilise...
On July 31, the LME aluminium three-month contract opened at US$2,234.50 per tonne, reached a high of US$2,324.50 per tonne and a low of US$2,229.50 per tonne, and closed at US$2,315 per tonne, up US$77 per tonne or 3.44 per cent. After a month-long relentless decline, LME aluminium cash bid price...
The global mining and metal giant Rio Tinto has demonstrated impressive performance in aluminium and copper, compensating for declining iron ore earnings and increased labour costs in Australia. For the six months ending June 30, the company reported a profit after tax (PAT) of $US5.8 billion...
According to the Shanghai Metal Market (SMM), the price of A00 aluminium ingot has witnessed a modest increase after three consecutive dips. China’s A00 aluminium ingot price on July 31st, 2024, registered at RMB 18,970 per tonne, surged by RMB 70 per tonne from the previous trading day, indicating...
The previous trading day, LME aluminium opened at US$2,249.5 per tonne, hit a high of US$2,253 per tonne and a low of US$2,209.5 per tonne, and closed at US$2,238 per tonne, down US$9 per tonne, or 0.40 per cent. The downward trend in the LME aluminium price since early July continues unabated. As...
Egyptian Prime Minister Mostafa Madbouly met with Minister of Public Enterprise Sector Mohamed Shimi to review progress on industrial projects across the textile, aluminium, and automotive sectors. Shimi provided a detailed update on the initiatives within the Holding Company for Spinning, Weaving,...
According to the Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price has witnessed a sharp fall of RMB 260 per tonne from the previous trading day to stand at RMB 18,900 per tonne. After more than four months, the price has pegged below the RMB 19,000 per tonne level. The average...
The previous trading day, LME aluminium opened at US$2,287 per tonne, reached a high of US$2,299 per tonne, a low of US$2,239.5 per tonne, and closed at US$2,247 per tonne, down US$34 per tonne, a decrease of 1.49 per cent. As per the LME data, aluminium prices on Monday stood at their lowest in...
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, welcomed for the summer training over 25 UAE National high school and university students considering careers in industry. EGA’s summer training programme has been running for more than two...
