A cut in US tariffs on Canadian aluminium alone is unlikely to bring down the elevated Midwest aluminium premium significantly, according to Alcoa CFO Molly Beerman, as the US still relies on imports from other countries to cover a structural supply gap. Speaking at the Jefferies Global Industrials...
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....
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Discussions are underway regarding the premium on aluminium stocked in Japan for the April to June period, involving overseas producers, domestic consumers, and major trading companies. Producers suggest a premium between $145 and $155 per tonne, indicating a substantial 61-72 per cent increase...
LME aluminium opened at US$2,236 per tonne yesterday, with its high and low at US$2,260.5 per tonne and US$2,231.5 per tonne respectively before closing at US$2,252 per tonne, up by US$16 per tonne or 0.72 per cent. On Monday, March 11, both LME aluminium cash bid price and LME aluminium official...
According to the Shanghai Metals Market survey, China’s aluminium production in February 2024 (29 calendar days) stood at 3.333 million tonnes, up by 7.81 per cent year-on-year and down by 6.43 per cent month-on-month . Despite a drop in monthly production, the daily average output stood steady at...
Aluminium Bahrain B.S.C. (Alba), one of the world’s largest aluminium smelters, has reportedly signed a Technology Services Agreement with Emirates Global Aluminium (EGA) for Reduction Line 6. The news came on Monday, March 11, after Alba’s CEO Ali Al Baqali and EGA’s CEO Abdulnasser Bin Kalban...
Implementing suitable technologies and processes and ensuring thorough emissions monitoring throughout the supply chain is imperative to achieving decarbonisation across any sector. This monitoring enables producers to pinpoint areas of concern and empowers buyers and investors to advocate for...
On Sunday, March 10, Sohar Aluminium, the first aluminium smelter in the Sultanate of Oman, announced that it appointed Matt Liddy as its Business Development and Strategy Executive. Matt Liddy has joined Sohar with more than 30 years of worldwide experience in business development, smelters...
LME aluminum opened at US$2,246.5 per tonne last Friday, March 8, with its high and low at US$2,267 per tonne and $2,233.50 per tonne, respectively, before closing at US$2,236 per tonne, down US$16 per tonne or 0.71 per cent. On Friday, the LME aluminium cash bid and LME aluminium official...
On Monday, March 11, China’s A00 aluminium ingot price dropped by RMB 70 per tonne to settle at RMB 19,090 per tonne, with the spot contract price expected to be traded at a discount price of RMB 60 to RMB 20 per tonne. The average prices may orbit between RMB 19,070 per tonne and RMB 19,110 per...
On March 6, 2024, the London Metal Exchange (LME) announced a number of senior leadership appointments and organisational design changes. These are being made to ensure that the LME continues to advance as a world-leading metals marketplace – supporting its customers, building mutually beneficial...
The clearing house for the London Metal Exchange, LME Clear, has appointed Claire Chapman as an Independent Non-Executive Director of the Board. Claire Chapman, a distinguished legal professional, currently serves as the General Counsel, Company Secretary, and Chief People Officer at Hargreaves...
Activity in the CME's aluminium contract has significantly intensified in recent months, marked by a volume surge and a widening participant base, as the world's most recognised news media agency reported. However, it remains relatively small compared to the London Metal Exchange (LME), which...
Prime Minister of the Republic of Kazakhstan Olzhas Bektenov recently visited several key enterprises in the Pavlodar region, such as Aluminium of Kazakhstan, KSP Steel, Kazakhstan Electrolysis Plant, Aksu Ferroalloy Plant, and Aksu Power Plant. The visit assessed the progress of implementing the...
According to a source directly involved in pricing discussions, a Japanese aluminium buyer has agreed to pay a premium of $130 per tonne above the benchmark price for shipments scheduled from April 2024 to June 2024. This marks a significant 48 per cent increase from the previous quarter. The...
Catalysts play a pivotal role in expediting chemical reactions and enhancing their efficiency. The advancement of new catalytic technologies is crucial for driving the transition towards green energy. The Rice University laboratory led by nanotechnology innovator Naomi Halas has discovered an...
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has further increased by RMB 110 per tonne to close the week at RMB 19,160 per tonne as of March 8. That brings the aluminium ingot price to 1.05 per cent higher week-on-week than RMB 18,960 per tonne . On a...
On March 8, 2024, China announced that it had established stricter energy intensity targets for 2024, following its failure to meet last year's goal. As the world's largest energy consumer, China is intensifying efforts to align with its climate objectives within the five-year plan concluding in...
LME aluminium opened at US$2,225 per tonne yesterday, with its high and low at US$2,265 per tonne and US$2,225 per tonne, respectively, before closing at US$2,252 per tonne, up by US$17 per tonne or 0.76 per cent. On Thursday, March 7, both LME aluminium cash bid price and LME aluminium official...
According to the US Geological Survey, the United States’ domestic production of primary aluminium in December 2023 stood at 64,000 tonnes, reflecting an increase of 3,000 tonnes or 4.9 per cent M-o-M from 61,000 tonnes. On a year-on-year calculation, the output remained absolutely unchanged, as...
