Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
The LME aluminium price moved higher on September 9 compared with the previous trading day, with cash and three-month aluminium prices recording gains, while total warehouse stocks remained unchanged. On September 9, the LME aluminium cash bid price stood at USD 3351.5 per tonne, up USD 27.5 per...
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Aluminium prices rose 0.40 per cent to settle at INR 339.80 (USD 3.57), supported by ongoing supply concerns and declining inventories on major metal exchanges. Inventories in London Metal Exchange (LME) warehouses remained at their lowest level since 2022, while stocks on the Shanghai Futures...
The Aluminium Federation (ALFED) has welcomed the UK Government's decision to expand eligibility under the British Industrial Competitiveness Scheme (BICS), following sustained engagement with Government on behalf of the aluminium sector. The government has confirmed that just four additional...
Shares of National Aluminium Company Ltd (NALCO) gained for the third consecutive trading session, rising 2.42 per cent to INR 363.80 (USD 3.82) at 12:49 IST on the National Stock Exchange (NSE). The stock outperformed the broader market, with the NIFTY declining 0.53 per cent to 24,082.60, while...
China's exports of unwrought aluminium and downstream products reached a record high in June, according to official customs data released on Tuesday. Exports rose to 711,000 tonnes in June, the first time monthly shipments exceeded the 700,000-tonne mark. The volume was 12.5 per cent higher than...
Futures: The most-traded SHFE aluminium 2608 contract settled at RMB 23,075 per tonne, up RMB 75 from yesterday’s settlement price, a rise of 0.33 per cent. It opened at RMB 23,040 per tonne and traded in a range of RMB 23,025-23,160 per tonne. The price traded above the MA5 (23,042.00) and MA10...
Aluminium prices on the London Metal Exchange (LME) are continuing to drop since the previous close. While cash, three-month contracts and stocks reported declines, longer-dated contracts improved. The LME aluminium cash bid price stood at USD 3,138 per tonne on July 13, down 0.54 per cent from USD...
After a volatile first half of the year, analysts believe that the recent correction in aluminium prices could bring favourable news. It may open up opportunities for investors in India's leading aluminium producers, including National Aluminium Company (NALCO), Hindalco Industries and Vedanta...
Vedanta Aluminium has been upgraded with a 'Buy' rating recommendation and a target price of INR 540 (USD 5.63) by the brokerage firm Nuvama Institutional Equities. It indicates an upside potential of nearly 22 per cent from current levels. The brokerage believes the newly demerged aluminium...
Aluminium prices fell 1.6 per cent to settle at 338.45 after Emirates Global Aluminium (EGA) restarted its Al Taweelah alumina refinery in the UAE following a shutdown of around three and a half months. EGA said the refinery is expected to reach 50 per cent of its production capacity within days...
Futures: Overnight, the most-traded aluminium alloy 2609 contract closed at 22,830, down 135 from the previous period, a decline of 0.59 per cent. Trading volume was 3,301, up 71 M-o-M, and open interest was 19,216, up 129 M-o-M. The current WR indicator at -38.96 is in the mid-range and has not...
LME aluminium prices moved lower across cash, three-month and forward contracts on July 10, with the three-month segment recording the sharpest decline of up to 0.50 per cent. The LME aluminium cash bid price stood at USD 3,155.5 per tonne on July 10, down USD 7.5 per tonne or 0.24 per cent from...
Macro perspective The US-Iran situation escalated rapidly, as the US reinstated comprehensive oil sanctions on Iran, terminated the relevant memorandum of understanding, and launched strikes on over a hundred Iranian military facilities. Iran immediately retaliated, causing a sharp rise in...
China Hongqiao Group expects its net profit for the first half of 2026 to increase by approximately 39 per cent compared with the same period last year, according to a filing with the Hong Kong Stock Exchange. The company said the anticipated earnings growth is primarily driven by higher selling...
In H1 2026, SHFE aluminium prices followed a "higher earlier, lower later" trajectory. In Q1, macro expectations for US Fed interest rate cuts intertwined with Middle East geopolitical conflicts, driving aluminium prices to surge to historical highs. Entering Q2, as the US strong-dollar policy...
When SHFE aluminium traded in a wide range with the average price in the first half of 2026 edging higher year-on-year, the market performance was weaker relative to LME. On the fundamentals, domestic aluminium supply rose 3 per cent year-on-year, while weak domestic demand was partially offset by...
Several leading US manufacturers, including Intel, Dell Technologies, Ford and Honeywell Aerospace, have urged the Office of the United States Trade Representative (USTR) to reconsider its call for an additional tariff imposition of up to 12.5 per cent on imports from around 60 countries, including...
Futures: The most-traded SHFE aluminium contract opened at RMB 23,130 per tonne in the night session on July 9, with a high of RMB 23,220 per tonne, a low of RMB 22,985 per tonne, and closed at RMB 23,105 per tonne, up 0.20 per cent from the previous close. During this period, prices continued...
Konecranes has secured a contract from Aluminium Bahrain B.S.C. (Alba) to modernise five auxiliary cranes at the company's aluminium smelter in Bahrain. The order was placed in January 2026. Delivery of the equipment is expected by the end of 2026, and installation is due to start in early 2027....
