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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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...
Vista Metals, a market leader in the manufacturing of speciality aluminium products, is reportedly investing $60 million in a new aluminium casting facility in Bowling Green, Ohio, Kentucky, to strengthen its position as a manufacturer and supplier of speciality aluminium products in the US market....
The Shanghai Metals Market has been on the lower side today, with the A00 aluminium ingot price arriving at RMB 19,240 per tonne, a slight decrease of RMB 10 per tonne. If we consider the price recorded on March 13, there can be seen an escalation of RMB 90 per tonne, or 0.47 per cent, from the RMB...
On March 19, Wagstaff Inc., a Spokane, Washington-based machinery, technology and service company that enables aluminium producers to transform molten aluminium into solid shapes using ‘direct chill casting’, announced that its Chief Executive Officer (CEO), Kevin Person, would retire on March 29,...
LME aluminium opened at $2,276.5 per tonne yesterday, with its high and low at US$2,279 per tonne and US$2,248 per tonne, respectively, before closing at US$2,269 per tonne, down US$7.5 per tonne or 0.33 per cent. On Tuesday, March 19, the LME aluminium cash bid price and LME aluminium official...
According to the United States Geological Survey (USGS), the annual US import of metals and alloys, crude for consumption in 2023 amounted to 26.4 million tonnes, of which Canada represented only 8.94 per cent or 2.36 million tonnes. On a Year-on-Year basis, Canadian aluminium imports to the US...
European Aluminium, a member-based industry association representing Europe's aluminium value chain, commands the European Union to impose sanctions on aluminium supplied from Russia and exclude EU-based companies owned by Rusal. The European Union has been considering banning aluminium of Russian...
LME aluminium opened at US$2,272.50 per tonne yesterday, with its high and low at US$2,294 per tonne and US$2,261 per tonne respectively before closing at US$2,276.5 per tonne, down US$0.50 per tonne or 0.02 per cent. The LME aluminium official price chart on March 18 flashed a slight increase in...
On Tuesday, March 19, China’s A00 aluminium ingot price remained unchanged at RMB 19,250 per tonne, with the average prices between RMB 19,230 per tonne and RMB 19,270 per tonne. The spot contract price also remained unaltered at a discount price of RMB 70 to RMB 30 per tonne. The domestic...
Industry experts stated on Monday that aluminium smelters in China's southwestern province of Yunnan are restarting factories due to improved power availability. This development is expected to result in the restoration of approximately 500,000 tonnes of annual production. In November, smelters in...
Jiaxin New Materials Company has recently achieved a significant milestone by successfully developing and producing A356 aluminium alloy square ingots. These ingots boast exceptional physical and chemical properties, perfectly aligning with the requirements of our esteemed customers, who have...
Russian oligarch and billionaire Oleg Deripaska has criticised the pressure on Western investors to divest their Russian assets following the 2022 Ukraine-Russia geopolitical crisis. He argues that such practices are unethical, shortsighted, and counterproductive to both the Russian and global...
The SMM aluminium market has witnessed an increase in prices today, with the SMM A00 aluminium ingot price soaring by RMB 70 per tonne to rest at RMB 19,250 per tonne, with the average prices ranging between RMB 19,230 per tonne and RMB 19,270 per tonne. This week’s start seems optimistic in...
According to the National Bureau of Statistics (NBS), China’s primary aluminium production during January-February 2024 amounted to 7.1 million tonnes, up 5.5 per cent from the same period of the previous year. Although the combined data for two months reflect a year-on-year increase, output fell...
LME aluminium opened at US$2,245 per tonne last Friday, with its high and low at US$2281.5 per tonne and US$2245 per tonne, respectively, before closing at US$2,277 per tonne, up US$21 per tonne or 0.93 per cent. On Friday, March 15, both LME aluminium cash bid price and LME aluminium official...
In March 2024, data from the London Metal Exchange (LME) indicated that Russian aluminium stocks in registered warehouses rose to 53 per cent of the total, reaching 220,575 tonnes, up from 41 per cent in January 2024. This indicates consumers may have evaded Russian metal across various sectors...
Among all the verticals of the aluminium value chain, primary aluminium has been one of the busiest this week. New appointments at global giants, financial results, and project announcements made significant headlines in the primary aluminium sector. What created a buzz in the industry was the...
The Norwegian government, industry associations, and trade unions have agreed on the future of the Norwegian CO2 compensation scheme, which will be valid from 2024 until 2030. This agreement involves the Norwegian government, Norsk Industri, Energi & Forbundet for ledelse og teknikk,...
