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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The Make it in the Emirates (MIITE) Forum 2024, under the patronage of esteemed UAE leadership, heralds a new era of industrial advancement and sustainability. With an array of strategic partnerships and sponsorships, including key players like Emirates Global Aluminium (EGA), the stage is set to...
National Aluminium Company Ltd. (NALCO), the country’s leading manufacturer and exporter of alumina and aluminium, set new production and sales records for FY23-24. The company has achieved its: highest-ever cast metal production of 4,63,428 tonnes highest-ever bauxite excavation of 76,00,230...
The US Census Bureau data showed that the country's domestic primary aluminium production marked a slight slowdown at the beginning of 2024. The year began by continuing the downtrend of 2023 when the US primary aluminium production amounted to 750,000 tonnes compared to 861,000 tonnes in 2022....
The price of aluminium on the LME experienced a gradual upward trend throughout March 2024, fluctuating within a range of approximately USD$85-90. Similarly, the SHFE price also increased slightly, hovering around USD$65-70, albeit with considerable fluctuations. However, according to a research...
On Wednesday, April 3, China’s A00 aluminium ingot price has gained RMB 170 per tonne to settle at RMB 19,750 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. The average prices are expected to range between RMB 110 per...
LME aluminium opened at US$2,342 per tonne in the previous trading day, with its high and low at US$2,387.50 per tonne and US$2,332 per tonne, respectively, before closing at US$2,372 per tonne, up US$35 per tonne or 1.5 per cent. The London Metal Exchange was temporarily out of action for the Good...
On March 24, at the headquarters of the Chinalco Group, Chairman Duan Xiangdong hosted a meeting with Jakob Stausholm, CEO of the Rio Tinto Group, along with his accompanying delegation. The discussions were extensive, focusing on advancing practical collaboration to achieve mutually beneficial...
On March 31, Vedanta Aluminium hosted a one-day industrial safety training programme at its Jharsuguda operations in collaboration with the Directorate of Factories and Boilers, Government of Odisha. This training programme extended across diverse industrial zones within the state, aiming to...
The SHFE aluminium benchmark price has continued to grow on Tuesday, April 2, albeit at a lower rate. According to the data, the price has increased by US$3 per tonne to reach US$2,721 per tonne. Compared to the same period last year, the price is 0.33 per cent higher than US$2,712 per tonne. On a...
The Shanghai Metals Market on April 1 showed considerable growth in aluminium prices, with the SMM A00 aluminium ingot price halting at RMB 19,520 per tonne, adding RMB 50 per tonne. The average prices ranged between RMB 19,500 per tonne and RMB 19,540 per tonne. The SMM aluminium price has...
On Monday, April 1, the SHFE aluminium benchmark price has gained US$11 per tonne or 0.40 per cent to settle at US$2,718 per tonne. The most-traded SHFE 2405 aluminium contract opened at RMB 19,710 per tonne last Friday night, with its lowest and highest at RMB 19,645 per tonne and RMB 19,820 per...
As the traditional peak season has set in, China’s domestic aluminium industry is making buzz with downstream processing enterprises rebounds. The purchasing sentiment is high, leading to a fall in aluminium ingot inventories at the end of March 2024, which is line with previous expectation. On...
In the ever-evolving landscape of the aluminium industry, this weekend has been marked by a flurry of developments, ranging from life-altering innovations to sobering tragedies. National Aluminium Company (NALCO) has unveiled AL-59, a cutting-edge aluminium alloy ingot poised to redefine the...
According to a recent statement by the Investment Information and Credit Rating Agency (ICRA), domestic demand for non-ferrous metals like aluminium and copper is expected to grow 10 per cent in FY25. This expectation is based on a consistent trend in realizations and a moderated pressure on input...
The aluminium industry in Japan is witnessing a remarkable surge in premiums for the April to June period, with negotiations resulting in a substantial 61 per cent increase over the previous quarter. The agreed premium of $145 per tonne above the benchmark price reflects a significant uptick in...
Step into the future of electrical transmission with National Aluminium Company's (NALCO) groundbreaking release: AL-59, the aluminium alloy ingot poised to transform the conductor industry. This innovative product heralds a new era in efficiency and performance, perfectly timed with the Government...
LME aluminium opened at US$2,300.50 per tonne in the previous trading day, with its high and low at US$2,340 per tonne and US$2,292 per tonne, respectively, before closing at US$2,335 per tonne, up US$32 per tonne or 1.39 per cent. On March 28, the London Metal Exchange graph marked a noticeable...
On Friday, March 29, China's A00 aluminium ingot price increased by RMB 140 per tonne to arrive at RMB 19,470 per tonne. The spot contract price is expected to be traded at a discount price of RMB 130 per tonne and RMB 90 per tonne. The average price may be between RMB 19,450 per tonne and RMB...
