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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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...
South32, the diversified mining company, has released its operational results for the first quarter of the 2024 financial year, showcasing notable advancements across various sectors. South32 witnessed an overall improvement in its operating results for the March quarter, marked by record...
Nigeria's aspiration for a domestically-produced aluminium industry seems increasingly distant as the $3.2 billion Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State, once again fails to meet its long-awaited revival deadline. The recent setback has sparked renewed...
The London Metal Exchange graph registered growth in aluminium prices on April 22, with the LME aluminium cash bid and the LME aluminium official price gaining US$8 per tonne or 0.3 per cent and US$8.50 per tonne or 0.32 per cent to close at US$2,653 per tonne and US$2,654 per tonne, respectively....
On Tuesday, April 23, China’s A00 aluminium ingot price dwindled by RMB 420 per tonne to settle at RMB 20,270 per tonne. The spot contract price is expected to be traded at a discount of RMB 70 to RMB 30 per tonne. As per the SMM data, the prices in Foshan and Gongyi have contracted by RMB 430 per...
In tandem with the enthusiastic buying and selling activities of the aluminium downstream processing enterprises since the beginning of March, owing to the arrival of the traditional peak season, aluminium ingot inventories showed signs of decline at the end of March, as was predicted by SMM...
The Shanghai Metals Market on April 22 has shown a decent spike in aluminium prices, with the SMM A00 aluminium ingot price halting at RMB 20,690 per tonne after an increase of RMB 350 per tonne. On a Month-on-Month scale there can be seen a massive augmentation of RMB 1,390 per tonne or 7.2 per...
LME aluminium opened at US$2,610 per tonne in the previous trading day, with its high and low at US$2,684 per tonne and US$2,608.5 per tonne, respectively, before closing at US$2,660.5 per tonne, up US$50.5 per tonne or 1.93 per cent. On Friday, April 19, most non-ferrous metals, notably the LME...
This week, significant shifts reshaped the primary aluminium sector. The Biden administration's decision to triple tariffs on Chinese aluminium and steel imports aims to curb overproduction and level the playing field for American metal industries. Supported by the Aluminum Association, this move...
According to China customs data, the country's aluminium imports, including primary metal and unwrought, and alloyed aluminium, surged by 89.8 per cent year-on-year in March 2024, buoyed by demand growth. China's increasing demand for aluminium is being fuelled by the growth of solar, electric...
China has strongly opposed the United States imposing new restrictive measures on Chinese aluminium and steel products, condemning the move as unilateral and protectionist. The announcement came from China's Commerce Ministry, which denounced the US actions and labelled the accusations against...
Egyptalum , the leading aluminium producer in Egypt and a significant player in Africa, has built a strong reputation over the years. With an impressive annual production exceeding 320,000 tonnes, the company's energy requirements are seamlessly met by the Aswan High Dam. The company has been...
Rio Tinto, the world's second-largest metals and mining corporation, has donated $1.5 million to the Icelandic Red Cross to aid the Grindavík community and its people, which has endured months of volcanic activity. The ISAL aluminium smelter team has shown remarkable care and solidarity, coming...
According to a report on April 18, United States President Joe Biden has tripled the current 7.5 per cent tariff on Chinese aluminium and steel imports and is putting pressure on Mexico to prevent China from shipping metals to the United States via Mexican ports. In response to this move, the White...
LME aluminium opened at US$2,570 per tonne in the previous trading day, with its high and low at US$2,620 per tonne and US$2,561.50 per tonne respectively before closing at US$2,610 per tonne, up US$23 per tonne or 0.89 per cent. The London Metal Exchange graph registered ascending prices on April...
On Friday, April 19, China’s A00 aluminium ingot price gained RMB 120 per tonne to clock at RMB 20,340 per tonne, with the spot contract price expected to be traded at a discount price of RMB 80 per tonne to RMB 40 per tonne. The domestic aluminium ingot price shot up by RMB 1090 per tonne or 5.66...
In an era defined by rapid technological advancements and evolving market landscapes, the global aluminium industry stands at the forefront of innovation and sustainability. Today, we are thrilled to announce the launch of " Aluminium LeaderSpeak 2024 ". This e-magazine publication is a testament...
On Thursday, April 18, China’s A00 aluminium ingot price ascended by US$60 per tonne to clock at US$20,220 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. The average prices may orbit between RMB 20,200 per tonne and RMB 20,240 per...
