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...
Grow with
AL Circle
On Friday, May 17, the A00 aluminium ingot price in China has gained RMB 40 per tonne to settle at RMB 20,720 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. On the same day, the average prices may orbit between RMB 20,700 per tonne...
PT Indonesia Asahan Aluminum (Inalum) has once again proven its mettle by securing accolades at the 2024 BUMN Entrepreneurial Marketing Awards. Recognised as The Most Promising Company in Tactical Marketing in the Silver category, Inalum's success is a testament to its commitment to the aluminium...
In response to the United States' decision to hike tariffs on Chinese aluminium and steel, Canada has made a firm commitment to shield its market from becoming a secondary channel for diverted Chinese products. As the U.S. increases tariffs on specific Chinese imports to 25% from 7.5%, affecting...
LME aluminium opened at US$2,550.5 per tonne in the previous trading day, with its low and high at US$2,539 per tonne and US$2,620 per tonne respectively before closing at US$2,600 per tonne, up 1.92 per cent. As per the LME data, on Wednesday, May 15, both LME aluminium cash bid price and LME...
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, on May 15 announced the launch of one of the first digital manufacturing platforms in the region to unlock additional value through Industry 4.0 applications. EGA developed the digital...
RUSAL, one of the world's largest aluminium producers, is set to implement machine vision technology to monitor electrolysis workshops at five aluminium smelters. The investment in this project, led by RUSAL's highly skilled specialists, will total approximately 1.6 billion rubles. This initiative,...
United States President Joe Biden has reportedly increased tariffs on Chinese electric vehicles, batteries, steel, solar cells, and aluminium, aiming to protect American manufacturers from unfair trade practices and prices and paving the way for a more competitive domestic market. As per the...
On Wednesday, May 15, China's A00 aluminium ingot price dropped by RMB 40 per tonne to settle at RMB 20,470 per tonne, with the spot contract price expected to be traded at a discount price of RMB 10 to a premium price of RMB 30 per tonne. The average prices may orbit between RMB 20,450 per tonne...
LME aluminum opened at US$2,548 per tonne in the previous trading day, with its low and high at US$2,519 per tonne and US$2,559 per tonnes, respectively, before closing at $2,549 per tonne, up 0.28 per cent. On Tuesday, May 14, LME aluminium cash bid price and LME aluminium official settlement...
Get ready to delve into the exciting world of aluminium at the 12th International Bauxite, Alumina & Aluminium Society (IBAAS) Conference and Exhibition, set to take place September 25-27, 2024, in the vibrant locale of Goa, India. Hosted at the esteemed BITS Pilani Goa Campus, this year's event...
According to the Shanghai Metals Market survey, China’s primary aluminium production in April 2024 (30 calendar days) recorded a month-on-month decline of 1.13 per cent but a year-on-year increase of 4.93 per cent. As per the data revealed by SMM, China’s primary aluminium output in April was 3.515...
LME aluminium opened at US$2,520.5 per tonne in the previous trading day, with its low and high at US$2,508 per tonne and US$2,556.5 per tonne respectively before closing at US$2,547.5 per tonne, up 1.07 per cent. On Monday, May 13, both LME aluminium cash bid price and LME aluminium official...
Commodity trader Trafigura delivered more than 400,000 tonnes of aluminium to the London Metal Exchange-approved warehouses last week for lucrative financial deals, said three sources familiar with the matter to Reuters. This monumental delivery of stocks brought the LME inventories to more than a...
DTE, the market-leading Icelandic chemical analysis innovator, announces its relocation into a new state-of-the-art headquarters on the outskirts of Reykjavik, marking a significant new growth phase. The company, a deep-tech innovator in the real-time analysis of molten metals, can now rely on new...
Hong Leong Investment Bank Bhd (HLIB) has reportedly shared higher earnings forecasts for Press Metal Aluminium Bhd for FY2024 and FY2025. The investment bank has projected that Press Metal's earnings will increase by 7 per cent and 4 per cent, respectively, in the said years on account of...
LME aluminium opened at US$2,570 per tonne last Friday, with its low and high at US$2,517 per tonne and US$2,589.50 per tonne, respectively, before closing at US$2,520 per tonne, down 1.6 per cent. On Friday, May 10, both LME aluminium cash bid price and LME aluminium official settlement price...
In April'24, China rebounded in both exports and imports following a contraction in the previous month. This turnaround signals a positive uptick in domestic and international demand, which comes at a crucial time as Beijing grapples with various economic challenges. The data indicates that the...
On Thursday, May 9, aluminium stocks in London Metal Exchange-registered warehouses surged by 88 per cent to 903,850 tonnes, reaching the highest level since January 2022. Some sources said last month that inventories are subject to so-called rent share deals. Traders are taking Russia-made...
