1. Macro perspective The US-Iran conflict escalated sharply. On September 9, Iran's Revolutionary Guard struck multiple oil tankers and merchant vessels in the Strait of Hormuz, causing a significant drop in strait traffic. Brent crude broke through USD 100 per bbl, closing at USD 101.21, while WTI...
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...
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Despite the continued decline in China’s domestic A00 aluminium ingot price, the market has shown resilience. The ingot price, standing at RMB 20,230 per tonne, is higher by 0.60 per cent than the previous week. However, compared to the last day of trading, the price has experienced a loss of RMB...
Last Friday, LME aluminum opened at US$2,526.50 per tonne, reached a high of US$2,557 per tonne, a low of US$2,521.50 per tonne, and closed at US$2,539.50 per tonne, registering an increase of US$12.50 per tonne from the previous closing price. The LME aluminium prices expanded further on Friday,...
This week, notable developments have surfaced in the upstream aluminium sector, covering bauxite, alumina, and primary aluminium. Capesize rates have surged above $30,000 per day, driven notably by unprecedented bauxite shipments from West Africa to China. The sector has seen substantial growth in...
As of July 5, China’s domestic A00 aluminium ingot price concluded the week at RMB 20,270 per tonne, with average prices hovering around RMB 20,250 to 20,290 per tonne, found the Shanghai Metals Market survey. Compared to the previous day, the price descended by RMB 110 per tonne but still stood...
LME aluminium opened at US$2,547 per tonne in the previous trading day, hitting a high of US$2,552 per tonne and a low of US$2,518 per tonne, and closed at US$2,527 per tonne, down US$22.5 per tonne or 0.88 per cent from the previous closing price. On Thursday, July 4, both LME aluminium cash bid...
According to the latest report, Japanese aluminium buyers have agreed to pay an 8 per cent lower premium for primary aluminium shipments for Q3 2024, ending September 30, than the previous quarter. The news came after five sources directly involved in quarterly pricing talks reported. The last...
Aluminium demand in North America, stemming from the automotive, aerospace, construction, and packaging industries, is undergoing an upward movement, fuelled by a concerted move towards sustainability by manufacturers. The aluminium industry in North America is categorised by product type and...
As a breakthrough achievement, the Talum, InovaIT, and Comland consortium has finished the ambitious two-year project Aluminij 4.0, which aims to revolutionise aluminium production. The project heralds a new era for Talum, integrating cutting-edge technologies such as the Industrial Internet of...
On July 4, China’s A00 aluminium ingot price gained RMB 90 per tonne, settling at RMB 20,380 per tonne. The spot contract price may be traded at a discount price of RMB 70 to RMB 30 per tonne, and the average prices may orbit between RMB 20,360 per tonne and RMB 20,400 per tonne. According to the...
On Wednesday, July 3, LME aluminum opened at US$2,516 per tonne, reached a high of US$2,561.50 per tonne, a low of US$2,514.50 per tonne, and closed at US$2,549.50 per tonne, up US$33.50 per tonne from the previous close, an increase of 1.33 per cent. LME aluminium cash bid price and LME aluminium...
China’s central bank supportive monetary measure aimed at stabilising economy amid bearish demand for primary aluminium from downstream sectors has boosted China’s A00 aluminium ingot price for the second consecutive day, bringing it to RMB 20,290 per tonne on July 3, 2024. According to the...
LME aluminium opened at US$2,517.5 per tonne in the previous trading day, hit a high of US$2,537 per tonne, a low of US$2,513 per tonne, and closed at US$2,516 per tonne, down US$1.5 per tonne from the previous day, a decrease of 0.06 per cent. On Tuesday, July 2, both LME aluminium cash bid price...
On July 2, 2024, China’s A00 aluminium ingot price has witnessed a modest growth after two previous consecutive days of downfall, found the Shanghai Metals Market (SMM) survey. According to SMM, the price has increased by RMB 100 per tonne to reach RMB 20,210 per tonne, driven by China's central...
LME aluminium opened at US$2,510 per tonne in the previous trading day, with a high of US$2,547.5 per tonne and a low of US$2,510 per tonne, and closed at US$2,517.5 per tonne, flat compared to the previous trading day's closing price. On Monday, July 1, both LME aluminium cash bid price and LME...
Australasia’s largest aluminium smelter, Tomago Aluminium, has appointed Jérôme Dozol as its Chief Executive Officer (CEO) and General Manager to lead the company into its fifth decade, aiming to ensure a long and prosperous future. Dozol's career spans over 18 years with Rio Tinto, one of the...
In June 2024, the global aluminium industry saw slight price positivity on both the LME and SHFE platforms at the beginning of the month. However, these gains were short-lived, and prices soon declined again. This reminds us again that AL Circle's industry-focused report, "Global Aluminium Industry...
According to the Shanghai Metals Market, A00 aluminium ingot price has initiated the month, July 1, 2024, with a dip of RMB 40 per tonne, indicating a continued bearish price trend of primary metal across the Chinese domestic market. The reason is the traditional off-season among manufacturing...
On Friday, June 28, LME aluminium cash bid price and LME aluminium official settlement price surged by US$27.50 per tonne and US$27 per tonne, respectively, marking the second consecutive day of rise. The LME graph shows the prices closed the week at US$2,485 per tonne and US$2,485.50 per tonne,...
