Odisha has handed over more than 7,000 acres of land for the Adani Group-International Resources Holding (IRH) joint venture’s proposed USD 11.5 billion integrated aluminium complex. This covers planned alumina refining, aluminium smelting and downstream manufacturing facilities across Sundargarh...
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 24,000 per tonne, down RMB 190 from yesterday's settlement price, a decline of 0.79 per cent. It opened at RMB 24,100.00 per tonne during the day and fluctuated within a range of RMB 23,920-24,100 per tonne. The price traded below...
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According to China customs data, the country’s domestic primary aluminium imports amounted to 218,500 tonnes in April 2024, down by 12.38 per cent M-o-M but up by 119 per cent Y-o-Y. Net imports were 206,300 tonnes – 115.2 per cent more than a year ago. From January to April 2024, China imported...
From May 17 to 21, the 8 th China-Russia Expo was successfully held at the Harbin International Congress and Exhibition Centre. It is included in the list of major events organised in China in connection with the 75 th anniversary of establishing diplomatic relations between the two countries....
The previous trading day, LME aluminium opened at US$2,608.5 per tonne, reached a high of US$2,675 per tonne and a low of US$2,603 per tonne, and closed at US$2,658 per tonne, up US$36.5 per tonne or 1.39 per cent. On Friday, May 24, the LME aluminium cash bid price and LME aluminium official...
The aluminium industry is witnessing significant leadership changes and strategic partnerships aimed at fostering sustainability and growth. Recent appointments at the International Aluminium Institute (IAI) and PETROSOL, coupled with key industry moves involving Glencore, Rusal, and TALCO, denote...
Hindalco Industries Limited, Aditya Birla Group's flagship metal company, has announced its consolidated financial results for the fourth quarter and full year of FY2024, which ended March 31. The company revealed that it concluded the year with strong results across all business segments, earning...
National Aluminium Company Limited (NALCO) has revised its aluminium ingot and product prices, with effect from Thursday, May 23. Compared to May 1, the company’s aluminium prices have been expanded significantly by about 4 per cent, in tandem with a gradual increase in aluminium prices on the...
Dong Jianxiong, the Vice General Manager of Chinalco Group and Chairman of Chinalco Shares, and Luciano Alves, CEO of Companhia Brasileira de Aluminio (CBA), visited Baotou Aluminum on May 8. During the visit, Alves and his delegation toured several key production sites, including the intelligent...
On the previous trading day, LME aluminium opened at US$2,638 per tonne, reached a high of US$2,645.5 per tonne, a low of US$2,586.5 per tonne, and closed at US2,614 per tonne, down US$26.5 per tonne, a decrease of 1 per cent. On Thursday, May 23, both LME aluminium cash bid price and LME aluminium...
According to Shanghai Metals Exchange, the SMM A00 aluminium ingot price has descended by RMB 340 per tonne to officially close at RMB 20,750 per tonne, with the average prices ranging between RMB 20,730 per tonne and RMB 20,770 per tonne. The eight main provinces in China have all witnessed...
In a move to bolster their ongoing partnership, Swiss-based trading house Glencore and Russian aluminium giant Rusal have agreed to extend their long-term supply contract into next year. According to a source with direct knowledge of the matter, the volume traded under the agreement thus far has...
The previous trading day, LME aluminium opened at US$2,710.5 per tonne, reached a high of US$2,749 per tonne and a low of US$2,621 per tonne, and closed at US$2,640.5 per tonne, down US$75 per tonne, a decrease of 2.76 per cent. On Wednesday, May 22, both LME aluminium cash bid price and LME...
The Shanghai Metals Market survey reported on Monday, May 20, that China's domestic social inventories of aluminium ingot across major consumption areas came in at 759,000 tonnes, experiencing an increase of 12,000 tonnes over the weekend. SMM also calculated and found that the stock level on May...
In a significant move to elevate the technical acumen of Bahrain's youth, Aluminium Bahrain B.S.C. (Alba) has generously donated a robotic unit to the Nasser Vocational Training Center (NVTC). This initiative aligns with the Center's mission to offer students immersive, practical experiences in...
The previous trading day, LME aluminium opened at US$2,628 per tonne, hit a high of US$2,765.50 per tonne and a low of US$2,607 per tonne, and closed at US$2,715.5 per tonne, up US$89 per tonne or 3.39 per cent. On Tuesday, May 21, both LME aluminium cash bid price and LME aluminium official...
On Wednesday, May 22, China’s A00 aluminium ingot price expanded by RMB 330 per tonne to settle at RMB 21,090 per tonne, with the spot contract price expected to be traded at a discount price of RMB 160 to RMB 120 per tonne. On a W-o-W calculation, the domestic aluminium ingot price has surged by...
According to the International Aluminium Institute survey, the world’s primary aluminium production in April 2024 witnessed a month-on-month drop of 3.12 per cent but a year-on-year rise of 3.33 per cent. As per the data revealed, world’s primary aluminum output was 5.9 million tonnes in April...
Eurasianet reported on May 20 that China is set to assist Tajikistan in completing several major infrastructure projects, including modernising the Tajik Aluminum Company (TALCO), the country's largest industrial enterprise. TALCO has recently increased its output, producing over 66,000 tonnes of...
Bharat Aluminium Company Limited (BALCO), a renowned name in India's aluminium industry and a subsidiary of Vedanta Aluminium has taken a groundbreaking step in ash management. By introducing a state-of-the-art Digital Ash Control Tower (ACT), BALCO is set to revolutionise its ash management...
