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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Sanjeev Sanyal, a member of India's Economic Advisory Council to the Prime Minister (EAC-PM), emphasised that while stagflation in the US isn't inevitable, it's a prospect India must carefully weigh. Stagflation characterises an economic state marked by a trifecta of high or increasing inflation,...
On Friday, April 26, Rusal said in its annual report that Glencore, a Swiss multinational commodity trading and mining company, bought aluminium from the Russian producer worth $1.06 billion in 2023 as part of a long-term contract. Glencore purchased Rusal’s aluminium, withstanding much pressure...
From strategic partnerships to regulatory measures, the aluminium industry is navigating a landscape defined by innovation, sustainability, and geopolitical dynamics. The global aluminium sector stands at a crossroads, where innovation, collaboration, and regulatory diligence intersect to shape its...
In tandem with the LME aluminium price drop from where it began this week, National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium products prices, with effect from Friday, April 26. NALCO has cut its aluminium ingot and aluminium product prices by INR 5,200 per...
Following the United States' command to the Mexican government to prevent China from shipping metals to the US via its ports, Mexico has announced an increase in border tariffs on many types of aluminium and aluminium products imported from China. A week ago, United States President Joe Biden...
LME aluminium opened at US$2,585 per tonne yesterday, with its high and low at US$2,612 per tonne and US$2,560.5 per tonne, respectively, before closing at US$2,571 per tonne, down US$13 per tonne or 0.5 per cent. On Thursday, April 25, both LME aluminium cash bid price and LME aluminium official...
NALCO, a leading state-owned aluminium company, has forged a significant partnership with CSIR-NGRI to enhance geophysical research. This strategic collaboration defines NALCO's commitment to innovation and sustainable practices. The Memorandum of Understanding (MoU) between Khanij Bidesh India Ltd...
From the tranquil fjords of Norway to the bustling markets of China, each region's aluminium giants have navigated through turbulent waters, propelled by innovation and strategic acumen. Let's find out how the industry giants are dealing with the sudden geopolitical changes resulting in global...
According to a Reuters report, Vedanta Limited expects 2.3 to 2.4 million tonnes of aluminium production in FY2024-25. By the third quarter of FY2024, Vedanta produced 1.772 million tonnes of aluminium, a 3 per cent rise year-on-year and the highest-ever output . In Q3 alone, Vedanta’s aluminium...
The Indian primary aluminium producer, BALCO, has introduced its inaugural Bogie Open Bottom Rapid Discharge (BOBRNHSM2) Rake into its operations. This milestone signifies another stride towards fostering an effective and sustainable supply chain for acquiring vital raw materials. BALCO is part of...
To bolster Vietnam's aluminium sector, the Vietnam National Coal and Mineral Industries Group (Vinacomin) sets its sights on two exploration initiatives and five bauxite-alumina-aluminium projects in the central province of Đắk Nông. With an impressive investment projection exceeding VNĐ182...
On April 24, 2024, the London Metal Exchange (LME) took action to prevent traders from exploiting rule changes by prohibiting taking Russian aluminium from its approved warehouses and returning it for profit. Earlier this month, the US and Britain prohibited the London Metal Exchange (LME) from...
Norsk Hydro's first quarter CY2024 report, released on Wednesday, April 24, highlighted a challenging financial performance attributed to depreciated aluminium sales prices, lower aluminium extrusion sales volumes, and lower recycling margins. The company's revenue was generated at NOK 47,545...
LME aluminium opened at US$2,580 per tonne in the previous trading day, with its high and low at US$2,614.50 per tonne and US$2,563 per tonne respectively before closing at US$2,584 per tonne, up US$8 per tonne or 0.31 per cent. The London Metal Exchange graph registered slow growth in aluminium...
Stephen Roach, the former Chairman of Morgan Stanley, Asia, has publicly pronounced "Hong Kong is over." Roach, now an analyst focusing on the economy of the former British Crown Colony, which is presently a special administrative zone of China, highlights Law 23 as its primary concern. This law...
In the first quarter of 2024, the world’s primary aluminium production manifested an annual growth trajectory while it shied away from growing on a quarterly basis. The global primary aluminium output in Q1 2024 ended March 31 reflected a 4.11 per cent hike Y-o-Y but exhibited a 1.24 per cent drop...
Aluminium Bahrain B.S.C. (Alba), a prominent player in the global aluminium smelting industry, reached a significant milestone in its Power Station 5 (PS 5) Block 4 Project with the First Fire of the Mitsubishi Power M701JAC Gas Turbine (GT) on April 23, 2024. This achievement highlights Alba's...
LME aluminium opened at US$2,661.5 per tonne yesterday, with its high and low at US$2,669.5 per tonne and US$2,562.5 per tonne, respectively, before closing at US$2,576 per tonne, down US$82 per tonne or 3.09 per cent. On Tuesday, April 23, both LME aluminium cash bid price and LME aluminium...
