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 Tuesday, July 23, Norsk Hydro ASA, a Norwegian aluminium and renewable energy company, headquartered in Oslo, posted its second quarter results for 2024, revealing a 7 per cent sequential increase in revenue to NOK 50,944 million versus NOK 47,545 million in Q1. However, on a year-on-year basis,...
According to the latest data revealed by the International Aluminium Institute (IAI), global primary aluminium production saw a year-on-year bullish trend through the first half of 2024 despite occasional slowdowns in certain months. In three of the first six months of 2024, world primary aluminium...
According to the Shanghai Metals Market (SMM), China’s A00 aluminium ingot price has declined by RMB 140 per tonne to settle at RMB 19,290 per tonne as of today. China has been experiencing a continuous fall in domestic aluminium ingot prices since early July, owing to bearish demand among...
On Monday, July 22, the three-month LME aluminium contract opened at US$2,345 per tonne, reached a high of US$2,364.50 per tonne, a low of US$2,296 per tonne, and closed at US$2,314.50 per tonne, down US$35.50 per tonne or 1.51 per cent. The above downward graph of the LME aluminium benchmark price...
The 19th Aluminium China, Asia's leading aluminium industry trade show and B2B platform for sourcing, branding, networking, and technical exchange, successfully concluded its 2024 expo on July 5 at the Shanghai New International Expo Centre (SNIEC). To create a comprehensive non-ferrous metals...
The Tiwai Point Aluminium Smelter, owned by Rio Tinto and the Sumitomo Group, has decided to reduce its power consumption by 185 megawatts, which is about 4 per cent of the country's energy usage. According to a report, the Tiwai Point Aluminium Smelter's decision is based on historically low hydro...
According to the Shanghai Metals Market survey, A00 aluminium ingot price initiated the week of July 22 with a downfall of RMB 60 per tonne to stand further below the RMB 19,500 per tonne level. Data shows the price has clocked at RMB 19,430 per tonne, marking the lowest in the past three months....
The previous trading day, LME aluminium opened at US$2,381.5 per tonne, with a high of US$2,385.5 per tonne, a low of US$2,350 per tonne, and closed at US$2,350 per tonne, down US$35.5 per tonne, a decrease of 1.49 per cent. On Friday, July 19, both LME aluminium cash bid price and LME aluminium...
Vedanta Limited, the Indian multinational mining and metal giant, has achieved a significant financial feat. The company successfully raised over USD 1 billion (INR 8,500 crore) through a Qualified Institutions Placement (QIP), as revealed in a recent stock exchange filing. The QIP, which involved...
Aluminium is an essential component of the global economy, and this week, the upstream sector witnessed some significant events. To begin with, China, a dominant force in the global aluminium market, has once again demonstrated its leadership. As per the data from the National Bureau of Statistics...
Note: This is an AI-generated image for representational purpose On July 17, Alcoa Corporation reported its consolidated results for the second quarter of 2024, ended June 30, following a preliminary report published in the previous week. The company declared that its revenue in Q2 stood at $2.906...
According to the Shanghai Metals Market survey, China’s social inventory of aluminium ingots increased by 8,000 tonnes week-on-week and 10,000 tonnes from July 15, reaching 797,000 tonnes on July 18, of which the amount for sale stood at 671,000. Following the restocking mid-week, the current...
According to a Reuters update, some Japanese aluminium buyers have agreed to pay a 45 per cent higher shipment premium than previously agreed for the July-September quarter. In early July, some Japanese aluminium buyers agreed to pay only $118-119 per tonne of premium for the third quarter’s...
Brazil has reclaimed its position as a top ten player in the global aluminium industry, ramping up the production of primary aluminium and raw materials. Once, the country, which used to be the world's sixth largest aluminium producer, lost its momentum for an interim period and ranked 12th in...
The aluminium associations of the United States, Europe, Canada, and Japan have approved a new report by the Organisation for Economic Cooperation and Development (OECD) titled "Quantifying the Role of State Enterprises in Industrial Subsidies." Highlights from the report The report highlighted...
The previous trading day, the three-month LME aluminum contract opened at US$2,405.50 per tonne, reached a high of US$2,430 per tonne, a low of US$2,380 per tonne, and eventually closed at US$2,385.50 per tonne, down US$20 per tonne. It is the ninth day and counting, but the LME aluminium benchmark...
On Friday, July 19, China's A00 aluminium ingot price dropped by RMB 80 per tonne to settle at RMB 19,490 per tonne. The average price is expected to hover between RMB 19,470 per tonne and RMB 19,510 per tonne, with the spot contract price estimated to be traded at a discount of RMB 80 to RMB 40...
In its 25th edition of e-Magazine, AL Circle proudly presents "Advanced Industrial Technologies in the Aluminium Industry" . This milestone edition promises to delve deeper into the cutting-edge innovations and transformative technologies reshaping the aluminium sector globally. The e-Magazine...
