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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Hindalco Industries Limited and Vedanta Limited have trimmed their aluminium ingot and aluminium product prices, with effect from May 3, 2024, following a plunge on the prior day by US$44.50 per tonne or 1.74 per cent. Hindalco has cut its aluminium ingot price by INR 2,500 per tonne or 1 per cent...
In March 2024, the mineral production index stood at 156.1, marking a 1.2 per cent rise compared to March 2023. Throughout the fiscal year 2023-24, the index surged by 7.5 per cent from the preceding fiscal year 2022-23. Noteworthy minerals demonstrating positive growth in March 2024 vis-à-vis the...
In a harmonious convergence of industry titans, Vedanta Aluminium's Jharsuguda operations recently garnered accolades as the highest revenue generator for Indian Railways in the Sambalpur Division. This achievement signifies the seamless integration of efficiency, safety, and sustainable practices...
Press Metal Aluminium Holdings Berhad, a Malaysia-based aluminium company engaged in the manufacturing and trading of both midstream and downstream aluminium products, announced its full-year 2023 financial and operational report, demonstrating its resilience, operational efficiency, and steadfast...
On Thursday, May 2, both LME aluminium cash bid price and LME aluminium official settlement price contracted by US$45 per tonne or 1.76 per cent and US$44.5 per tonne or 1.74 per cent to settle at US$2,509 per tonne and US$2,510 per tonne. As per the LME data, both 3-month bid price and 3-month...
Primary aluminium production in Africa decreased during the first quarter of 2024 despite a recovery in the quarter’s last month. However, the output in March demonstrated a fall on a year-on-year basis. According to the International Aluminium Institute, primary aluminium production in Africa...
Century Aluminum, a global primary aluminium producer with operations in the United States and Iceland, announced its first quarter results of 2024, which ended March 31. The company’s net sales during the period totalled $489.50 million, down by $22.8 million or 4.45 per cent from $512.3 million...
The London Metal Exchange graph recorded fluctuating prices on May 1 with the LME aluminium cash bid price and the LME aluminium official price settling down at US$2,554 per tonne and US$2,554.50 per tonne having gathered US$9.50 per tonne or 0.37 per cent. The LME aluminium price has seen a...
The Aluminum Branch of the China Non-Ferrous Metals Industry Association convened a symposium on April 16. The conference was organised for key aluminium enterprises highlighting the operational aspects of the industry for 2023 and the first quarter of 2024. Focus of the conference Regarding...
On Tuesday, April 30, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$8.5 per tonne or 0.33 per cent to settle at US$2,544.50 per tonne and US$2,545 per tonne. As per the LME price graph , 3-month bid price and 3-month offer price ascended by US$8.5 per...
According to a recent report from Wood Mackenzie, the European Union's (EU) introduction of a Carbon Border Adjustment Mechanism (CBAM) in the primary aluminium market could have a disproportionate impact on European producers, potentially leading to increased prices for consumers. The report "CBAM...
China Hongqiao Group Limited, one of the world's largest aluminium producers , released the audited consolidated annual results for the Company and its subsidiaries, covering the fiscal year ending December 31, 2023. According to Antaike's statistics, global primary aluminium output reached around...
Egypt Aluminum, the largest aluminium producer in Egypt and one of the largest in Africa, has reportedly announced its financial results for the first nine months of FY2023-24 ended March 31. Egypt Aluminum, popularly known as Egyptalum, posted its net profit after tax surged by 33 per cent...
LME aluminium opened at US$2,567 per tonne in the previous trading day, with its high and low at US$2,595.5 per tonne and US$2,542.5 per tonne, respectively, before closing at US$2,588 per tonne, up US$27.5 per tonne or 1.07 per cent. On Monday, April 29, both LME aluminium cash bid price and LME...
The latest data on China's aluminum imports and exports suggest that the Country is becoming a conduit for the metal. China's imports of metal in Q1 were up by over 200 per cent compared to Q1 2023. With the open arbitrage window, bringing metal to China became quite profitable. AZ Global...
Rusal, the world’s second-largest aluminium company by primary aluminium output, has announced its financial and operational results for the full year 2023 ended December 31. The company posted that its primary aluminium production totalled 3.848 million tonnes in 2023, representing a slight growth...
In the wake of the Western countries' ban on Russian aluminium, aluminium producers from the Gulf Cooperation Council expect their exports to increase to the United States and European markets. This anticipation is based on the new sanctions package imposed by the United States and the United...
LME aluminium opened at US$2,572.5 per tonne in the previous trading day, with its high and low at US$2,600.5 per tonne and US$2,555.5 per tonne respectively before closing at US$2,560.5 per tonne, down US$10.5 per tonne or 0.41 per cent. The London Metal Exchange graph on April 26, showed a...
