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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In the face of Nigeria's foreign exchange crisis and other economic challenges leading many multinational companies to exit the country, the Managing Director of the Aluminium Smelter Company of Nigeria (ALSCON), Mr Dmitriy Zaviyalov, remains optimistic about the company's future. Zaviyalov has...
On Friday, March 1, Vedanta Aluminium announced that it is very close to its goal of having 30 per cent female employees in the workforce. The company is hopeful of achieving this milestone by the end of FY2025, much ahead of the original timeline of 2030 set by Vedanta. CEO John Slaven said...
On 18th February, in the presence of Aluminium Bahrain B.S.C. (Alba)’s management team, Fives Services Gulf inaugurated its workshop dedicated to the fabrication of Crust Alumina Feeding Devices (CAFD) for Alba and celebrated the renewal of the Long-Term Service Agreement (LTSA) for Alba Line 6 Pot...
LME aluminium opened at US$2,193.5 per tonne on Thursday, with its high and low at US$2,230.5 per tonne and US$2,186 per tonne, respectively, before closing at US$2,225 per tonne, up US$34 per tonne or 1.55 per cent. On Thursday, February 29, both LME aluminium cash bid price and LME aluminium...
Aluminium producers worldwide have proposed premiums to Japanese buyers ranging from $145 to $155 per tonne for primary metal shipments from April to June, marking a substantial increase of 61 per cent to 72 per cent compared to the current quarter. This information was disclosed by three sources...
Aluminium prices have not shown any improvement, as expected, during the beginning of the year compared to 2023. Analysts from AL Circle have already stated the global aluminium market in H1 2024 is anticipated to mirror 2023. This is primarily due to a slowdown within the Chinese economy, notably...
LME aluminum opened at US$2,203.50 per tonne on Wednesday, February 28, with its high and low at US$2,203.50 per tonne and US$2,177 per tonne, respectively, before closing at US$2,191 per tonne, down 0.41 per cent. LME aluminium cash bid price shed off US$15.50 per tonne or 0.72 per cent to stand...
On Thursday, February 29, China’s A00 aluminium ingot price hiked by RMB 70 per tonne to settle at RMB 18,860 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne. The average price for the same is expected to orbit...
To comply with the national energy-saving policy and advance Chinalco Group's "double carbon" agenda, Southwest Aluminum and Chinalco Environmental Protection and Energy Conservation Technology (Hunan) have recently achieved the energy-saving refurbishment of their smelting furnace. This move...
Aluminium and its alloy variations have enjoyed extensive use over numerous decades. However, with the rising demand for exceptionally pure materials in advanced technological products, the exploration of high-purity aluminium has garnered substantial interest recently. Aluminium Ingots A7...
New Zealand Aluminium Smelters (NZAS) has agreed with Meridian Energy to provide 20MW of electricity to the national grid if needed over 12 weeks this winter. This pact allows Meridian to inject 20MW back into the system during winter's peak demand periods when the national grid faces its most...
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has dropped by RMB 20 per tonne, following an intermittent rise of RMB 110 per tonne the previous day. Thus, on Wednesday, February 28, the A00 aluminium ingot price has come in at RMB 18,790 per tonne, with...
LME aluminium opened at US$2,185 per tonne on Tuesday, with its high and low at US$2,208.5 per tonne and US$2,185 per tonne, respectively, before closing at US$2,200 per tonne, up US$18 per tonne or 0.82 per cent. On Tuesday, February 27, both LME aluminium cash bid price and LME aluminium official...
On February 27, 2024, the China state-backed research institution Antaike reported that China's aluminium consumption is projected to experience a slower growth rate this year. Specifically, construction sector demand has decreased due to troubled property markets. Let us know about Antaike Founded...
The United States has reportedly ruled out Russian aluminium and nickel from its new set of sanctions, which made several roundups in the media since early February 2024. According to the latest report on Monday, February 26, the United States declared sanctions on more than 500 people and entities...
On Monday, February 26, LME aluminium opened at US$2,182 per tonne, with its high and low at US$2,195 per tonne and US$2,175 per tonne, respectively, before closing at US$2,182 per tonne, down 0.09 per cent. According to the LME data, LME aluminium cash bid price and LME aluminium official...
On Tuesday, February 27, China’s A00 aluminium ingot price ascended by RMB110 per tonne to settle at RMB 18,810 per tonne, with the spot contract price expected to be traded at a discount price of RMB 50 per tonne to RMB 10 per tonne. The average prices are expected to stand between RMB 18,790 per...
Base metals prices on the London Metal Exchange (LME) generally trended positively for the week ending on February 23, except aluminium, which saw a decline of 1.7 per cent due to increasing stocks. Aluminium stocks at LME warehouses notably rose by over 8 per cent to 580,275 tonnes from 534,925...
