Indiana has emerged as an unlikely flashpoint in the latest round of US-Canada trade friction, after Washington's now-collapsed negotiations with Ottawa briefly put a proposed cut to aluminium tariffs on the table, one that industry advocates say would have hit the state's fabrication workforce...
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
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Konecranes has secured a contract from Aluminium Bahrain B.S.C. (Alba) to modernise five auxiliary cranes at the company's aluminium smelter in Bahrain. The order was placed in January 2026. Delivery of the equipment is expected by the end of 2026, and installation is due to start in early 2027....
Aluminium prices on the London Metal Exchange (LME) continued their improving trend on July 9. Cash and near-term contracts reported gains of almost 1 per cent, while stocks continued to slide, indicating depletion in the inventory amid tight market conditions. On July 9, the LME aluminium cash bid...
Today, the SHFE aluminium 2608 contract opened at RMB 23,075 per tonne, reached a high of RMB 23,095 per tonne, dipped to a low of RMB 22,850 per tonne, and finally settled at RMB 23,060 per tonne, down RMB 10 per tonne or 0.04 per cent from the previous trading day. Trading volume was 165,200 lots...
The Strait of Hormuz is back at the centre of the US-Iran conflict, and the cost of moving ships through the Gulf is already responding. War-risk insurance rates for ships inside the Gulf have risen from around 2 per cent of vessel value at the end of last week towards 3 per cent in the past 24...
US President Donald Trump has reiterated his administration's commitment to expanding domestic manufacturing, warning that companies producing goods outside the US could face tariffs of up to 200 per cent, depending on the product category. Post the NATO summit held in Ankara, Trump said his trade...
EXECUTIVE SUMMARY: The financial reality: In an industry where electricity constitutes 35 per cent of total operating costs, a mere 1 per cent AI-driven reduction in specific power consumption yields an immediate USD 4 million to USD 5 million in annual savings for a one-million-tonne smelter. The...
JPMorgan has increased its long position in Aluminum Corporation of China (02600.HK) to 6.04 per cent from 5.72 per cent after acquiring an additional 12.6864 million H-shares. According to a filing disclosed by the Hong Kong Stock Exchange on July 8, the shares were purchased on July 2 through...
Futures: On the night session of July 8, the most-traded SHFE aluminium contract opened at RMB 23,075 per tonne, reached a high of RMB 23,080 per tonne and a low of RMB 22,965 per tonne, and finally closed at RMB 23,020 per tonne, down 0.24 per cent from the previous close. During this period,...
LME aluminium prices moved higher on July 8, with both cash and three-month contracts recording gains from the previous session, amid renewed geopolitical uncertainty in the Middle East. Market sentiment remained cautious as reports of fresh attacks and heightened tensions between the US and Iran...
Vedanta Aluminium was seen as the “crown jewel” of Anil Agarwal’s Vedanta demerger. But less than a month after listing, it has become the weakest performer among the four newly listed entities. Since its June 15 debut, the stock has fallen 12 per cent from its listing price of INR 527, wiping out...
Canada’s merchandise trade surplus expanded to CAD 4.2 billion in May 2026, its strongest level in four years, as a sharp rise in unwrought aluminium and aluminium alloy exports helped lift the country’s overall outbound trade to a record high. According to the latest data from Statistics Canada,...
In the morning session, the trading centre of the SHFE aluminium 2606 contract was higher than the same period of the previous trading day. Market selling sentiment strengthened from the previous day, as some downstream players, expecting a near-term rise in aluminium prices, saw buying sentiment...
June marked a tale of two markets for aluminium, where a macro-driven selloff clashing with resilient fundamentals. While SHFE aluminium prices tumbled to yearly lows, pressured by expectations of US rate hikes and the evaporation of Middle Eastern risk premiums, the underlying supply-demand...
Futures: The most-traded SHFE aluminium contract opened at RMB 22,940 per tonne in the night session on July 7, with a high of RMB 23,130 per tonne, a low of RMB 22,940 per tonne, and closed at RMB 23,055 per tonne, up 0.50 per cent from the previous close. During this period, prices rebounded from...
A proposed USD 4 billion primary aluminium smelter at the Port of Inola in northeastern Oklahoma is moving through technical studies and regulatory approvals, with developers aiming to begin construction in 2027. If completed, the project would become the first new primary aluminium smelter built...
The London Metal Exchange (LME) aluminium price chart showed improvement on the July 7 session. Gains were posted across all the pricing segments, barring the opening stocks and cancelled warrants, which continued to edge lower. On July 7, the cash bid reached USD 3,118 per tonne, up 0.44 per cent...
The Egyptian government is aiming to increase the valuation of EgyptAlum by three to four times before deciding whether to sell a stake in the state-owned aluminium producer or transfer it to the Sovereign Fund of Egypt (SFE), according to a senior government official. The official said the...
The SHFE aluminium 2608 contract opened at RMB 22,850 per tonne, reached a high of RMB 23,080 per tonne, dipped to a low of RMB 22,785 per tonne, and closed at RMB 22,940 per tonne, up RMB 105 per tonne or 0.46 per cent from the previous trading day. Trading volume was 146,200 lots and open...
