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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On Wednesday, April 10, China’s A00 aluminium ingot price has gained RMB 120 per tonne to settle at RMB 20,180 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. As per the SMM data, the domestic aluminium ingot prices have been on a...
ICRA stated that the anticipated European Union carbon tax would likely minimally affect domestic primary aluminium producers. The Carbon Border Adjustment Mechanism (CBAM), analogous to a carbon tax functioning as an import duty, is slated to be enforced from January 1, 2026. ICRA Limited is...
According to the Shanghai Metals Market survey, China's aluminium production in March 2024 (31 calendar days) amounted to 3.555 million tonnes, bringing the country's total aluminium output in the year's first quarter to 10.45 million tonnes. On a month-on-month basis, China's aluminium production...
China's aluminium prices hit RMB20,000/t on Monday. The main index price reached RMB20,200/t, while the spot price also crept over the line, achieving RMB20,100/t. The spot eased slightly today, but the main index price found more energy. External factors have achieved this level. The internal...
On the recovery of downstream operating rates last week, the consumption of aluminium ingots rose leading to a decline in social inventories, found the Shanghai Metals Market. According to SMM data, the average operating rate across major aluminium processing enterprises stood at 64 per cent last...
The global mining and metal giant Rio Tinto has selected Bold Baatar as the new Chief Commercial Officer. He will oversee the company's global commercial and business development endeavours. This appointment follows Alf Barrios' decision to retire. Bold, currently serving as Chief Executive Copper,...
The Shanghai Metals Market has witnessed slight fluctuations in aluminium prices today, with the SMM A00 aluminium ingot price discarding RMB 50 per tonne to close at RMB 20,060 per tonne. On a Year-on-Year scale, there has been an 8.67 per cent or RMB 1600 per tonne hike from RMB 18,460 per tonne...
LME aluminum opened at US$2,435 per tonne last Friday, with its high and low at US$2,455.50 per tonne and US$2,418.50 per tonne respectively before closing at US$2,451 per tonne, an increase of US$6 per tonne or 0.25 per cent. The London Metal Exchange graph registered slightly declining prices on...
On Monday, April 8, China’s A00 aluminium ingot price expanded by RMB 360 per tonne to settle at RMB 20,110 per tonne. The spot contract price is expected to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. The average prices may range between RMB 20,090 per tonne and RMB...
At the Chinalco Group headquarters on March 24, Chairman Duan Xiangdong met with Jakob Stausholm, CEO of the Rio Tinto Group, and his accompanying delegation. The discussions were thorough, emphasising the enhancement of practical collaboration to attain mutually advantageous growth. India's...
The London Metal Exchange (LME) witnessed significant price surges across base metals following optimistic macroeconomic reports from China, with all metals marking gains by Wednesday, 3 March. Three-month aluminium futures showed a modest uptick of 2 per cent to reach $2,429 per tonne (t), while...
Press Metal Aluminium Holdings Berhad, a Malaysian-based integrated producer of aluminium, is likely to register a higher net profit for the first quarter (Q1) of 2024, in support of higher spot prices of the metal, notwithstanding volatile production costs. Maybank Investment Bank Bhd (MaybankIB)...
Aluminium showed strong performance yesterday, supported by factors like higher premiums in Japan and better-than-expected economic data from China, which countered worries about reduced demand from the world's largest consumer. Additionally, encouraging news from U.S. manufacturing, showing...
On Thursday, April 4, India's diversified natural resources firm Vedanta Limited announced its Q4 FY2024 and full-year operational results, revealing both aluminium and alumina output volume. Aluminium production Vedanta said its aluminium production in Q4 FY2024, which ended March 31, stood at...
According to the data released by the International Aluminium Institute (IAI), the total primary aluminium production in North and South America combined was 438,000 tonnes in February 2024, of which South America accounted for only 27.40 per cent. In contrast, North America produced the lion's...
On Wednesday, April 3, LME aluminium cash bid price and LME aluminium official settlement price hiked by US$11.5 per tonne or 0.49 per cent to stand at US$2,333.50 per tonne and US$2,334 per tonne. As per the LME data, 3-month bid price and 3-month offer price hiked by US$15.5 per tonne or 0.65 per...
On Wednesday, April 3, National Aluminium Company’s stock price (NALCO) reached a 52-week high in the wake of highest-ever production of aluminium, record excavation of bauxite, and best ever metal sale, surpassing all previous records since inception. According to the report, NALCO’s share price...
Alcoa Brasil announced Daniel Santos as the company's new president and vice-president of Operations. The executive will have the challenge of commanding more than 15 thousand employees in the three operating units, located in Juruti (PA), Alumar (MA) and Poços de Caldas (MG), boosting operational...
