Venezuela’s biggest aluminium smelter, Venalum, could be heading for a fresh start as Mercuria Energy Group Ltd. and Glencore Plc explore a potential deal that could bring new investment and operating expertise to the facility that has spent years producing only a fraction of its original capacity....
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...
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LME aluminum opened at US$2,310 per tonne in the previous trading day, with high and low at US$2,312.50 per tonne and US$2,281 per tonne, respectively, before closing at $2,309 per tonne, unchanged from the previous trading day. On Friday, March 22, LME aluminium cash bid price and LME aluminium...
On March 24, 2024, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), suggested that China could experience significantly accelerated growth by implementing a comprehensive set of pro-market reforms compared to maintaining the current status quo. In an address to...
White & Case, a leading global law firm, provided legal counsel to Emirates Global Aluminium (EGA), a premium aluminium producer, in its acquisition of Leichtmetall Aluminium Gießerei Hannover GmbH (Leichtmetall), a German aluminium recycling company. EGA is set to acquire a 100 per cent stake in...
According to China customs data, China’s domestic primary aluminium imports during the first two months of 2024 amounted to 472,000 tonnes, encountering a year-on-year surge of 214.7 per cent. The primary import sources were Russia, India, Indonesia, China, Malaysia, the United Arab Emirates, and...
Amidst the country's lack of sufficient smelters to drive the downstream aluminium sector, Adaro Minerals aims to commence production of 250,000 tonnes of aluminium ingots by the third quarter, with plans to ramp up to full production by early 2026 at its smelter in KIPI, operated by its subsidiary...
The Aluminum Association, Instituto Mexicano del Aluminio, and the Aluminium Association of Canada demand the creation of a North American Aluminum Trade Committee (NAATC). On Thursday, March 21, the associations wrote a letter to trade officials in Canada, Mexico, and the United States, conveying...
The Shanghai Metals Market, on March 22, today has shown mixed price trends with the SMM A00 aluminium ingot price shedding RMB 40 per tonne to officially close at RMB 19,300 per tonne. The eight central provinces in China have all displayed fluctuations in aluminium prices, with the only spike...
LME aluminium opened at US$2,290 per tonne in the previous trading day, with its high and low at US$2,313.5 per tonne and US$2,285.5 per tonne, respectively, before closing at US$2,309 per tonne, up US$25.5 per tonne or 1.12 per cent. On Thursday, aluminium prices surged to their highest point in...
Aluminium, ubiquitous in nature and abundant in the Earth's crust, emerges as a cornerstone of modern scientific research and technological innovation. Its versatility knows no bounds, permeating industries from aviation to renewable energy, and now, it stands poised at the forefront of...
According to the International Aluminium Institute survey, world primary aluminium production in February 2024 (29 calendar days) amounted to 5.554 million tonnes, experiencing a decline of 8.35 per cent from 6.06 million tonnes in January. However, on a year-on-year basis, the world primary...
The London Metal Exchange market has shown a sudden upward streak, on March 20, with the LME aluminium cash bid price closing at US$2,231 per tonne and the LME aluminium official price halting at US$2,231.50 per tonne, gaining US$29 per tonne or 1.32 per cent. If the LME aluminium price on March 20...
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has built up by RMB 100 per tonne overnight to stand at RMB 19,340 per tonne on Thursday, March 21. The average prices are expected to range between RMB 19,320 per tonne and RMB 19,360 per tonne, with spot...
The domestic China petcoke market remains relatively stable, with the usual price dips and peaks within a channel. One of the reasons why the price won't rise to previous highs is down to the enormous volumes of coke being held at port. According to the team, China currently holds as much as 4...
China will add the domestic electrolytic aluminium industry to its Emissions Trading Scheme (ETS). The China Nonferrous Metals Industry Association has been working with government departments to formulate the rules for the industry's inclusion, which is set to happen "imminently". The ETS largely...
News has come through that the Yunnan government has released additional power units to its local aluminium industry. We understand about 500,000 tonnes of smelting capacity is allowed to re-enter the market, and local companies are now preparing their pots. But the news comes with a twist and...
In a recent survey, it was established that commodity trader Glencore made significant deliveries of Russian-origin aluminium to London Metal Exchange (LME) registered warehouses in Gwangyang, South Korea. These deliveries shed light on the challenges faced by Rusal, the world's largest aluminium...
Vedanta Limited has revised its aluminium prices twice in only three days this week. On Tuesday, March 19, 2024, Vedanta increased its aluminium selling prices in line with the LME aluminium price growth on the two previous days, and on March 20, it cut the prices in response to the LME price...
Today marks a significant event as the iconic chimney, a fixture of the old Anglesey Aluminium site for half a century, is set to be demolished. Scheduled for Wednesday, March 20th, this demolition has garnered immense public interest. The demolition, orchestrated by Porthladd rhydd Ynys Môn...
