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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According to the Shanghai Metals Market data on Monday, April 15, the domestic A00 aluminium ingot price has grown for the fourth consecutive day by RMB 190 per tonne to reach RMB 20,750 per tonne, the highest in more than two years. The average prices are estimated to range between RMB 20,730 per...
Rio Tinto has announced the appointment of Bold Baatar as Chief Commercial Officer, succeeding Alf Barrios, who is set to retire. The Red Sea ship attacks have led to global shipping companies rerouting via the Cape of Good Hope, disrupting European automotive production reliant on Asian imports....
The US and UK have implemented fresh limitations on trading Russian aluminium, copper, and nickel, causing ripples throughout global metal markets, as reported by Bloomberg. New regulations have been imposed, barring the delivery of fresh supplies from Russia to the London Metal Exchange (LME) and...
Japan aluminium premiums for the April-June quarter (Q2 2024) shipments are agreed upon at $145-148 per tonne, reported six sources directly involved in pricing talks. The figures are settled lower than the initial offerings of $145-155 per tonne but record a substantial growth of $61 to 64 per...
LME aluminium opened at US$2,463 per tonne in the previous trading day, with its high and low at US$2,482 per tonne and US$2,443 per tonne respectively before closing at US$2,457 per tonne, down US$14 per tonne or 0.57 per cent. The London Metal Exchange graph registered descending prices on April...
China’s A00 aluminium ingot price gains RMB 260 per tonne to settle at RMB 20,560 per tonne, with average prices between RMB 20,540 per tonne and RMB 20,580 per tonne. The spot contract price may be traded at a discount price of RMB 20 per tonne to a premium price of RMB 20 per tonne. On M-o-M...
On Monday, April 8th, base metal prices on the London Metal Exchange (LME) followed an upward trajectory, buoyed by optimistic macroeconomic news from the US that exceeded expectations on the preceding Friday. Simultaneously, LME warehouse inventories saw decreases. Three-month futures for...
According to data presented by the International Aluminium Institute (IAI), the total aluminium production in the Gulf Cooperation Council (GCC) for February 2024 decreased by 37,000 tonnes, or 6.95 per cent month over month, from 532,000 tonnes recorded in January 2024. This can be mainly...
LME aluminium opened at US$2,459.5 per tonne in the previous trading day, with its high and low at US$2,494 per tonne and US$2,437 per tonne, respectively, before closing at US$2,471 per tonne, an increase of US$12.5 per tonne or 0.51 per cent. On Wednesday, April 10, both LME aluminium cash bid...
The International Bauxite, Alumina and Aluminium Society (IBAAS), in collaboration with the Indian Institute of Metals (IIM), is proud to announce the upcoming 12th International Bauxite, Alumina & Aluminium Conference & Exhibition, scheduled to take place from September 25 to 27, 2024. Hosted at...
The Red Sea ship assaults by militants have sparked concerns over potential trade disruptions, leading numerous prominent global shipping companies to redirect their vessels via the Cape of Good Hope. The European automotive sector is already feeling the effects of this crisis as it relies heavily...
According to SMM statistics, the total production of primary aluminium outside China reached 7.46 million in the first quarter of 2024. The Middle East contributed 23 per cent or 1.72 million tonnes of the total. Following closely were Russia and India, producing 1.02 million tonnes and 1.025...
On Wednesday, aluminium prices surged to their highest levels in 14 months, alongside other industrial metals reaching new peaks. Investors flooded into the sector, driven by optimism surrounding the global economy. As per the data from MarketScreener, the benchmark three-month aluminium on the...
Today, the Shanghai Metals Market has seen an uptrend in aluminium prices, with the SMM A00 aluminium ingot price halting at RMB 20,300 per tonne, augmenting by RMB 120 per tonne. On a Month-on-Month scale, there has been an increase of RMB 1,210 per tonne or 6.34 per cent from RMB 19,090 per tonne...
China Hongqiao Group Chairman Zhang Bo recently told at a conference that his company will announce its carbon goals and pathways later this year. There were no indications of what might be in the announcement, only that the company was working with several institutions and companies to develop its...
Amidst ongoing market fluctuations, the London Metal Exchange (LME) has reported that the share of available aluminium stocks originating from Russia remained steady at 91% in March, mirroring figures from the previous month. This data, while reflective of current market realities, underscores a...
On Tuesday, amid worsening relations due to the ongoing geopolitical conflict in Gaza, Turkey and Israel each announced trade barriers against the other. Turkey, known for its criticism of Israel's military activities in the region, declared immediate restrictions on the export of 54 product types...
Anil Agarwal-led Vedanta Limited, an Indian multinational mining company headquartered in Mumbai, published a fresh list of its aluminium selling prices, including aluminium billet and wire rod. Compared to the prices of the previous week, April 5, Vedanta’s aluminium prices rose by INR 1,750 per...
