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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LME aluminum opened at US$2,226.50 per tonne on Wednesday, March 6, with high and low at US$2,243.50 per tonne and US$2,220 per tonne, respectively, before closing at US$2,223 per tonne, down US$5.5 per tonne or 0.25 per cent. On March 6, the LME aluminium cash bid price and LME aluminium official...
On Thursday, March 7, China’s A00 aluminium ingot price gained RMB 110 per tonne to settle at RMB 19,050 per tonne. The spot contract price is expected to be traded at a discount of RMB 60 to RMB 20 per tonne. The average prices may stand between RMB 19,030 per tonne and RMB 19,070 per tonne. On...
Sunil Gupta, Chief Operating Officer (COO) of Vedanta Aluminium Business, has reportedly been elected vice-chairman of the Confederation of Indian Industry (CII)'s Odisha State Council for the 2024-25 term of office. The news came after the name was announced during the CII Odisha State Annual Day...
At the 2023 annual Advanced Collective and Outstanding Individual Recognition Conference held in the Shanzhou District of Sanmenxia City, Henan, Henkang Aluminum Co., LTD. (referred to as "Hengkang Aluminum") was honoured with the "Technological Transformation Award" and the "Tax Contribution...
Norsk Hydro has reportedly appointed Trond Olaf Christophersen as an interim or acting CFO. He will act in the role only for a period of time until a new CFO is hired. Trond Olaf Christophersen replaces CFO Pål Kildemo, who will bid farewell to Hydro by August 31 at the latest to join one of the...
RUSAL, one of the world's largest aluminium producers, has successfully completed development and begun industrial tests of a new generation of MaxiFlow cylindrical billets, version 2.0. This innovation will enable RUSAL's customers to significantly increase extrusion speed and overall production...
According to a report, on March 6, 2024, Vedanta Aluminium announced that it appointed Pankaj Surekha as its new chief human resource officer at Jharsuguda. Mr Surekha has prior work experience at Reliance Industries for 11 years, leading the rewards team, which takes care of compensation design...
LME aluminium opened at US$2,237 per tonne yesterday, with its high and low at US$2,241.5 per tonne and US$2,223 per tonne, respectively, before closing at US$2,226.5 per tonne, down US$7.5 per tonne or 0.34 per cent. On Tuesday, March 5, both LME aluminium cash bid price and LME aluminium official...
Emirates Global Aluminium has reportedly announced its competitive financial and operational results for 2023, revealing the highest-ever production across the value chain. The company posted that it produced 2.66 million tonnes of primary aluminium in 2023 at Al Taweelah and Jebel Ali versus 2.65...
On Monday, March 4, Aluminium Bahrain B.S.C. (Alba), one of the world’s largest aluminium smelters, signed an Associate Centre Partnership Agreement with the World Economic Forum (WEF) under the Advanced Manufacturing Industries Cluster. The signing ceremony was led by Alba’s Chief Executive...
In the initial quarter of 2024, Huaihua initiated 65 significant projects, amounting to a total investment of RMB 15.484 billion. These projects are part of an annual planned investment totalling RMB 7.8 billion, showcasing a substantial commitment to development and growth in the region. The...
There has been a significant challenge facing EU initiatives to tax carbon-intensive imports starting in 2026, as only a minority of companies have met the early reporting deadline for their carbon-intensive imports. The EU's carbon border adjustment mechanism (CBAM) represents a pioneering effort...
LME aluminum opened at US$2,235 per tonne on Monday, March 4, with high and low at US$2,242 per tonne and US$2,216.50 per tonne, respectively, before closing at US$2,238 per tonne, down 0.31 per cent. The LME aluminium cash bid price and LME aluminium official settlement price dipped by US$1 per...
The global aluminium industry is cautious about the potential competition between the United States and European buyers for Middle Eastern aluminium if the European Union bans Russian metal, leading to price hikes to the 2018 level when sanctions were imposed on Rusal. As an impact of the possible...
Australia's largest aluminium smelter, Tomago Aluminum in Newcastle, will be caught up in the play going down by its part-owner. CSR (Colonial Sugar Refining), an Australian conglomerate, is bought out by French conglomerate Saint-Gobain. The deal will be completed later this year and is said to be...
LME aluminium opened at US$2,224.50 per tonne last Friday, with high and low at US$2,248.50 per tonne and US$2,208 per tonne, respectively, before closing at US$2,236 per tonne, up 0.36 per cent. LME aluminium cash bid price and LME aluminium official settlement price added US$20.50 per tonne or...
In 2024, the market outlook for primary aluminium is forecasted to be mixed, with both upside and downside. The persistent global economic uncertainty is poised to exert a sustained influence on the outlook of the aluminium industry. As per AL Circle's report, "Global Aluminium Industry Outlook...
As forecasted by several research-based organisations prior to the onset of 2024, the projections regarding the demand and pricing of aluminium align with reality. Despite the passage of the first two months of the year, indications of improvement remain minimal. According to the latest...
