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$2,550 per tonne in the previous trading day, with its high and low at US$2,597 per tonne and US$2,549 per tonne, respectively, before closing at US$2,570 per tonne, up US$10.5 per tonne or 0.41 per cent. LME aluminium prices witnessed a notable growth yesterday, propelled...
On April 17, Rio Tinto, a British-Australian mining group, announced its 2024 first quarter production result, reporting improvements in both aluminium and bauxite businesses while remaining focused on energy-transition and sustainability. Rio Tinto posted that its aluminium output in Q1 2024 ended...
The Russian aluminium giant RUSAL is at the forefront of digital innovation, harnessing technologies such as artificial intelligence (AI) to streamline operations from raw material extraction to product delivery. The newly announced Department of Industrial Artificial Intelligence underscores...
LME aluminium opened at US$2,555 per tonne in the previous trading day, with its high and low at US$2,569 per tonne and US$2,517 per tonne, respectively, before closing at US$2,559.5 per tonne, up US$11 per tonne or 0.43 per cent. On Tuesday, April 16, both LME aluminium cash bid price and LME...
Aluminium Bahrain B.S.C. (Alba), a global leader in aluminium smelting, proudly announces its remarkable achievement in winning four esteemed National Safety Council (NSC) USA awards for 2024. This recognition highlights Alba's untainted commitment to safety, registering yet another significant...
The London Metal Exchange (LME) announced it would rule out stocking Russian aluminium produced on or after April 13 in its warehouses in accordance with the latest sanctions packages instigated by the US and British governments. The sanctions are designed to restrict Russian aluminium, copper, and...
On April 15, the stock price of aluminium giant Alcoa soared by over 3 per cent, buoyed by a surge in aluminium prices. The uptick followed a joint announcement from the US and UK regarding fresh sanctions targeting Russian metals to keep Moscow under pressure for the Ukraine-Russia geopolitical...
According to data revealed by the National Bureau of Statistics (NBS), China's primary aluminium production rose 7.4 per cent Y-o-Y in March 2024 to reach 3.59 million tonnes. Output increased over the year due to boosted industry profits driven by higher metal prices because of revived demand....
ALUMINIUM CHINA, Asia’s premier tradeshow and B2B platform for the aluminium industry and its main application fields, will return to Shanghai, China, from July 3rd to 5th. Organised by RX Greater China, this highly anticipated event aims to create a unique space where global industry professionals...
The Shanghai Metals Market, on April 16, saw a downward trend in aluminium prices, with the SMM A00 aluminium ingot price de-escalating by RMB 490 per tonne to settle at RMB 20,260 per tonne. This can be considered the first dip in a long while, i.e. from April 9, the SMM aluminium price has been...
LME aluminum opened at US$2,550 per tonne on April 15, with high and low at US$2,728 per tonne and US$2,535 per tonne, respectively, before closing at US$2,548.50 per tonne, up US$63.50 per tonne or 2.55 per cent. The LME aluminium benchmark price shot up over the weekend, marking a second...
Referring to the lead item, the team in Zibo has examined who is leading the pack for 2024 aluminium production to date in China. According to our analysis, Chinalco Group (1.8mt), Weiqiao Group (1.55mt), Xinfa Group (900kt), State Power Investment Corporation (717kt) and Oriental Hope Group...
China's primary aluminium industry is pouring less and enjoying it more. Liquid metal transfers increased in the first quarter of 2024. According to our research, the volume of raw metal poured into ingot dropped by about 20 per cent compared to 2023 Q1. That's despite an overall increase in...
RUSAL, one of the world's largest aluminium producers, notes that the actions on the Russian metals recently introduced by the US and the UK governments and subsequent Notice issued by LME to its members on April 13, 2024, do not amount to any type of sanctions or delisting of any RUSAL's brands...
Tianshan Aluminium Group Co., Ltd., which produces and sells aluminium, aluminium products and materials, reported its 2023 annual report last week. The report revealed an operating income of RMB 28.975 billion, down 12.22 per cent year over year. The company’s net profit was RMB 2.205 billion...
LME aluminium opened at US$2,457.5 per tonne last Friday, with its high and low at US$2,512 per tonne and US$2,454 per tonne, respectively, before closing at US$2,478.5 per tonne, up US$22.5 per tonne or 0.92 per cent. On Friday, April 12, both LME aluminium cash bid price and LME aluminium...
According to data revealed by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Iran’s aluminium ingot production grew by 2,834 tonnes, or 1 per cent, on an annual basis over the financial year ended March 19, 2024 (Iran’s calendar year 1402). As per the...
On April 14, 2024, CME Group announced that it had suspended aluminium produced in Russia from its platform starting April 13, 2024. This decision follows new sanctions imposed by the United States and Britain on Russia due to the geopolitical crisis with Ukraine. On April 12, 2024, the US Treasury...
