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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In addition to China and the Gulf Cooperation Council, the substantial increase in Africa’s primary aluminium production also bolstered the world’s output significantly in May 2024. According to the International Aluminium Institute’s survey, Africa’s primary aluminium production in May increased...
Rio Tinto, a British-Australian multinational company and the world’s second largest metals and mining corporation, officially announced on Friday, June 28, that it would deploy carbon-free aluminium electrolysis tanks at a new plant near Arvida aluminium smelter in Quebec, Canada, leveraging...
In a notable financial move, Century Aluminium Co. President and CEO Jesse E. Gary has sold a substantial portion of his company stock, as reported by Investing.com. On June 26, Gary offloaded 60,000 shares at an average price of $16.21 per share, resulting in a total transaction value of $972,600....
Alcoa Corporation has appointed Elsabe Muller as Vice President Operations – Australia and President Alcoa Australia, effective October 2024. Based in Perth, Elsabe will be responsible for the Company’s bauxite mining and rehabilitation, alumina refining and aluminium smelting activities in Western...
In May 2024, India's imports of ingot grade aluminium products saw a significant increase, rising by 38 per cent M-o-M and 70 per cent compared to the same month the previous year, according to provisional data from BigMint. Specifically, imports of ingots reached 38,700 tonnes, making up 84 per...
On Friday, June 28, China’s A00 aluminium ingot price increased by RMB 30 per tonne to settle at RMB 20,150 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. The average prices may orbit between RMB 20,130 per tonne and RMB 20,170 per...
The London Metal Exchange is considering licensing a warehouse in Hong Kong to enhance its services for clients in China, the world's largest metals market. At the metal exchange's annual Asia seminar in Hong Kong on June 27, Bonnie Chan, the Chief Executive Officer of Hong Kong Exchanges &...
On the previous trading day, LME aluminium opened at US$2,506.5 per tonne, reached a high of US$2,519.5 per tonne, a low of US$2,486 per tonne, and closed at US$2,496 per tonne, down US$16.54 per tonne, a decrease of 0.66 per cent. After witnessing fall for the past two days, yesterday (Thursday,...
A major incident has closed both northbound and southbound lanes of I-165 at the Fairview Drive overpass. According to the Daviess County Emergency Management Agency, a semi-truck lost its load of molten aluminium, spilling the hazardous material across the northbound lanes. Daviess County is a...
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, announced today that its Engineer the Future programme reached more than 7,300 students from 29 schools in the 2023-2024 academic year. Engineer the Future programme introduces school students...
On Thursday, June 27, China's A00 aluminium ingot price added RMB 60 per tonne to clock at RMB 20,120 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. The average prices are expected to range between RMB 20,100 per tonne and RMB...
The previous trading day, LME Aluminum opened at US$2,496 per tonne, with a high of US$2,516 per tonne, a low of US$2,482 per tonne, and closed at US$2,511.5 per tonne, up US$14.97 per tonne, an increase of 0.6 per cent. On Wednesday, June 26, both LME aluminium cash bid price and LME aluminium...
EPIQ Machinery Chief Executive Officer Éloïse Harvey, ADF Engineering Plant Head Bhushan Bachhav, and NOVIMEQ Automation Managing Director Rishabh Kaushik and Services Director Rupali Kaushik are proudly announcing the inauguration of their new spinoff entity: NOVIMEQ Automation. As the main...
India exported aluminium to Russia for the first time in April, as reported by RIA Novosti, a Russian state-owned domestic news agency. This marked a significant development in international trade. This landmark transaction took place, with India exporting tonnes of unprocessed aluminium to Russian...
On Wednesday, June 26, China’s A00 aluminium ingot price declined by RMB 140 per tonne to settle at RMB 20,060 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. The average prices may stand between RMB 20,040 per tonne and RMB 20,080...
The previous trading day, LME aluminium opened at US$2,500 per tonne, reached a high of US$2,513 per tonne, a low of US$2,491 per tonne, and closed at US$2,497 per tonne, down US$6 per tonne, a decrease of 0.24 per cent. On Tuesday, June 25, both LME aluminium cash bid price and LME aluminium...
On Tuesday, June 25, China’s A00 aluminium ingot price dropped by RMB 60 per tonne to settle at RMB 20,200 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. The average prices may orbit between RMB 20,180 per tonne and RMB 20,220 per...
The previous trading day, LME aluminium opened at US$2,510.5 per tonne, hit a high of US$2,531 per tonne and a low of US$2,495.5 per tonne, and closed at US$2,497.5 per tonne, down US$16 per tonne, a decrease of 0.64 per cent. On Monday, June 24, both LME aluminium cash bid price and LME aluminium...
