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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In the first four months of 2024, Kazakhstan saw a significant increase in aluminium exports, growing 4.7 times from 16,000 tonnes to 75,400 tonnes, according to the Kazinform agency, citing the Ministry of Industry and Construction of the Republic of Kazakhstan. Kazakhstan's exports have surged as...
In addition to Century Aluminum, many US-based aluminium associations have also applauded the President’s decision to impose an additional 10 per cent tariff on aluminium imports in coordination with Mexico. This strategic move by US President Joe Biden is to check the means of escaping the tariff...
On Thursday, July 11, the three-month LME aluminium contract opened at US$2,480 per tonne, with a high of US$2,508.50 per tonne, a low of US$2,474 per tonne, and closed at US$2,474.50 per tonne, down US$3.50 per tonne from the previous closing price. The LME aluminium benchmark price continued...
According to the Shanghai Metals Market (SMM), China’s A00 aluminium ingot price has descended by RMB 140 per tonne to RMB 20,000 per tonne, with the spot contract price expected to be traded at a discount price of RMB 40 per tonne. The data suggests that the average prices may range between RMB...
Century Aluminum Company, a US-based producer of primary aluminium, has wholeheartedly welcomed Joe Biden’s move to tighten aluminium and steel imports from China and other nations through Mexico. The United States administration has strategically imposed an additional 10 per cent tariff on primary...
The US government has introduced new regulations aimed at companies from China and other nations using Mexico as a conduit to avoid tariffs on aluminium and steel shipments. Under the new rules, these firms must demonstrate the origin of their products if they wish to circumvent border taxes. About...
On July 10, 2024, Alcoa Corporation announced its preliminary second quarter 2024 results ahead of its final declaration of report on July 16, 2024. The preliminary data indicates improved financial results, primarily attributed to higher average realised third-party prices of alumina and...
On July 9, 2024, Hydro reported a fatal accident of a contractor at its joint venture primary aluminium-producing company Albras. The accident happened while the contractor was performing maintenance on an electrolysis cell. However, to determine the root cause of the incident, Hydro has already...
On Thursday, July 11, China’s domestic A00 aluminium ingot price has continued to decline by RMB 70 per tonne to settle at RMB 20,140 per tonne, found the Shanghai Metals Market. For the past one week, China’s domestic aluminium price has shown a bullish trend, marking a significant downfall of RMB...
According to LME data released on July 10, 2024, the share of available aluminium stocks of Russian origin in London Metal Exchange (LME)-approved warehouses rose to 50 per cent in June from 42 per cent in May, while the share of Indian origin fell to 40 per cent from 50 per cent. The on-warrant...
The previous trading day, LME aluminium opened at US$2,495.5 per tonne, reached a high of US$2,501.5 per tonne, a low of US$2,476.5 per tonne, and closed at US$2,478 per tonne, down US$19 per tonne from the previous trading day's closing price, a decrease of 0.76 per cent. On Wednesday, July 10,...
According to the United States Geological Survey, the United States imported 1.36 million tonnes of aluminium (including scrap) through the first quarter of 2024 ended March 31. That reflected an annual increase of 6.25 per cent from 1.28 million tonnes. In the individual month of 2024, the United...
On Tuesday, July 9, the three-month LME aluminum contract price opened at US$2,534 per tonne, reached a high of US$2,536.50 per tonne and a low of US$2,490.50 per tonne, and closed at US$2,497 per tonne, down US$32 per tonne from the previous closing price, a decrease of 1.27 per cent. LME...
Following a growth the previous day, China’s A00 aluminium ingot price declined by RMB 90 per tonne. The price as of today settled at RMB 20,210 per tonne, with the average price standing between RMB 20,190 per tonne and RMB 20,230 per tonne. The spot contract price may be traded at a discount...
Under the African Continental Free Trade Area (AfCFTA) umbrella, the Minister of Commerce of Cameroon, Luc Magloire Mbarga Atangana, played a pivotal role in the initial shipment of aluminium ingots at the Douala port. This significant event, which saw the historic consignment of a modest quantity...
According to the Shanghai Metals Market survey, A00 aluminium ingot price has grown after two consecutive days of downfall to stand week-on-week higher than RMB 20,210 per tonne. The price today, July 9, has increased by RMB 70 per tonne, reaching RMB 20,300 per tonne, up by 0.45 per cent from a...
LME aluminium opened at US$2,537 per tonne in the previous trading day, with a high of US$2,541 per tonne and a low of US$2,520 per tonne, and closed at US$2,529 per tonne, down US$10.5 per tonne from the previous trading day, a decrease of 0.41 per cent. On Monday, July 8, both LME aluminium cash...
The Chairman of Indian multinational mining and metal company Vedanta's Chairman, Anil Agarwal, met with the newly elected Odisha Chief Minister Mohan Charan Majhi on July 4, 2024, to discuss avenues for enhanced collaboration to enhance the state's industrial landscape. During their meeting, the...
