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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According to a report on March 14, Norsk Hydro will soon begin upgrading the remaining 120 electrolytic cells at Hydro Husnes Line A with state-of-the-art technology, investing NOK 225 million. This is the final stage of upgradation that started with Husnes' Line B and continued with 80 out of 200...
The Ministry of Mines, Govt. of India, has suspended Radhashyam Mahapatro, NALCO's Director (HR), citing disciplinary reasons. The state-owned integrated aluminium company, NALCO, revealed in a recent exchange filing on March 14, 2024, that it received notification from the ministry confirming...
Vedanta's proposal to split its businesses into distinct entities may encounter resistance from minority shareholders and creditors, as per a report. On September 29, 2023, the mining and metal giant unveiled intentions to separate five crucial sectors, such as aluminium, oil and gas, and steel,...
EPIQ Machinery, a renowned Canadian equipment designer, has undertaken a significant multi-million dollar initiative to establish Bahrain as the central hub for its expansion into the Middle East. Vivek Kumar, the company's Regional Director for the Middle East and North Africa (MENA), emphasised...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices on Thursday, March 15, in line with the LME aluminium price drop. Like other Indian aluminium companies, Hindalco links its aluminium prices to the three-month futures of aluminium on the London Metal...
Rusal, the Russian aluminium giant and one of the leading aluminium producers in the world (ex-China), has unveiled its financial results for the year ended December 31, 2023. The key highlights In 2023, global economic uncertainty continued, putting pressure on the demand for aluminium ....
On Friday, March 15, China’s A00 aluminium ingot price slumped by RMB 80 per tonne to settle at RMB 19,180 per tonne, with the spot contract price expected to be traded at a premium price of RMB 10 to RMB 50 per tonne. The average prices may orbit between RMB 19,160 per tonne and RMB 19,200 per...
LME aluminum opened at US$2,261 per tonne on Thursday, March 14, with high and low at US$2272.50 per tonne and US$2244.50 per tonne, respectively, before closing at US$2,256 per tonne, down US$6.50 per tonne or 0.29 per cent. LME aluminium cash bid price and LME aluminium official settlement price...
Century Aluminum Company, a global producer of primary aluminium, has reportedly signed a memorandum of understanding with MX Holdings to form a joint venture firm for manufacturing and marketing low-carbon secondary billet. MX Holdings is a global leader in the purchasing, processing, and...
The market dynamics of the aluminium industry in North America are gradually displaying a positive change, with a demand recovery in Q4 2023, as indicated by the preliminary estimates of the Aluminum Association. Even the beginning of 2024 has set a progressive tone, as the association’s index of...
Norsk Hydro ASA, a leading Norwegian aluminium and renewable energy company, announced that it appointed Eivind Kallevik as the new President and CEO, who would succeed Hilde Merete Aasheim. The appointment will be effect from May 13, 2024. The news came after Dag Mejdell, chairperson of Hydro's...
According to a recent report by the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO), Iran's four leading aluminium production firms manufactured 54,893 tonnes of aluminium ingots in February 2024. This marked an increase from the 51,416 tonnes produced in...
LME aluminium opened at US$2,261 per tonne on Wednesday, with its high and low at US$2,274.5 per tonne and US$2,254 per tonne, respectively, before closing at US$2,262.5 per tonne, down US$0.5 per tonne or 0.02 per cent. On Wednesday, March 13, both LME aluminium cash bid price and LME aluminium...
At the end of last week on March 7, China's domestic aluminium ingots and aluminium billets inventory showed a downtrend with the arrival of the traditional peak season. According to SMM, aluminium ingots inventory in China's eight major consumption areas stood at 821,000 tonnes, up 3,000 tonnes...
The Volta Aluminium Company (VALCO) recently inaugurated a cutting-edge steam boiler to enhance the factory's power generation operations. Valued at approximately $300,000, this new equipment is poised to ramp up the production of carbon anodes, a crucial component in the primary aluminium...
Primary aluminium production across Europe (including Russia) totalled 579,000 tonnes during January 2024, reflecting a rise of 3,000 tonnes from 576,000 tonnes in December 2023 and a hike of 5,000 tonnes from 574,000 tonnes in January 2023. The production improved for the second straight month as...
On Wednesday, March 13, China’s A00 aluminium ingot price ascended by RMB 20 per tonne to settle at RMB 19,150 per tonne, with the average prices between RMB 19,130 per tonne and RMB 19,170 per tonne. The spot contract price may be traded at a discount price of RMB 50 to RMB 10 per tonne. The...
LME aluminum opened at US$$2,250 per tonne on Tuesday, March 12, with high and low at US$2,270 per tonne and US$2,242.50 per tonne, respectively, before closing at US$2,263 per tonne, up US$11 per tonne or 0.49 per cent. On Tuesday, March 12, LME aluminium cash bid price and LME aluminium official...
