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....
Grow with
AL Circle
On February 20, He Shuping, secretary of the Guangyuan Municipal Party Committee, chaired the eighth meeting of entrepreneurs in Guangyuan City along with the Forum on aluminium ingot trade. During this session, he engaged in direct discussions with entrepreneurs and representatives from banking...
On Monday, February 26, China’s domestic A00 aluminium ingot price shed off RMB 170 per tonne over the weekend to reach RMB 18,700 per tonne, found the Shanghai Metals Market data. The average prices are expected to range between RMB 18,680 per tonne and RMB 18,720 per tonne, with a spot contract...
In January 2024, the Gulf Cooperation Council produced 532,000 tonnes of primary aluminium compared to 530,000 tonnes in December 2023 and 525,000 tonnes in January 2023, found the International Aluminium Institute. Meaning, the output in January 2024 recorded a month-on-month growth of 2,000...
LME aluminium opened at US$2,202 per tonne last Friday, with its high and low at US$2,213 per tonne and US$2,175 per tonne, respectively, before closing at US$2,184 per tonne, down US$17 per tonne or 0.77 per cent. On Friday, February 23, both LME aluminium cash bid price and LME aluminium official...
Amidst a tumultuous turn of events, the price of aluminium has witnessed a surge propelled by speculations of imminent US sanctions against Russia, with the metal industry likely to be a focal point. However, the price gained momentum and dropped again later in the week. The ambiguity surrounding...
In 2023, DUBAL Holding LLC (DH), the investment wing of the Dubai Government operating across commodities, mining, power and energy, and industrial sectors, achieved a net profit of AED 1.79 billion, showcasing a strong performance for the group yet again. The announcement came during DH's annual...
Rio Tinto will reportedly see a change in its board at the end of the annual general meeting on May 2, 2024, as Simon McKeon will step down as a Non-Executive Director. Since the last year, Rio Tinto appointed five new Non-Executive Directors as it continued to refresh the composition of the board....
Morten Wierod has been appointed as the Chief Executive Officer by the ABB Board of Directors. He will assume the role on August 1, 2024, succeeding Björn Rosengren, who will step down from his position effective July 31, 2024, and retire by December 31, 2024. During the transition period from...
LME aluminium opened at US$2,225 per tonne on Thursday, with its high and low at US$2,234.5 per tonne and US$2,187.5 per tonne, respectively, before closing at US$2,201 per tonne, down 0.83 per cent. The London Metal Exchange market displayed overall plunges in aluminium prices on February 22, with...
On Friday, February 23, China’s A00 aluminium ingot price gained RMB 140 per tonne to settle at RMB 18,870 per tonne, with the average prices between RMB 18,850 per tonne and RMB 18,890 per tonne. The spot contract price may be traded at a discount price of RMB 40 to a premium price of RMB 0 per...
In the fast-evolving landscape of the aluminium industry, Norsk Hydro, a Norwegian aluminium giant, has been pioneering extraordinary initiatives, solidifying its commitment to sustainability, innovation, and emission reduction. This case study unfolds the chronological sequence of key events in...
World primary aluminium production started 2024 with an annual rise of 2.36 per cent, reaching 6.039 million tonnes during January, according to the International Aluminium Institute survey. On a month-on-month basis, the output remained restrained compared to 6.042 million tonnes. The world's...
On February 16, 2024, the technology leader in electrification and automation, enabling a more sustainable and resource-efficient future, disclosed its agreement to acquire a global, energised asset optimisation leader focused on optimising asset safety, reliability, and maintenance for more than...
On February 21, 2024, Century Aluminum Company announced its fourth quarter and full-year results for 2023, revealing net sales of $512.3 million in Q4 2023 and $2,185.4 million in the entire year. Both in Q4 and full-year, Century's net sales experienced a downfall of 6.03 per cent (sequentially)...
LME aluminium opened at US$2,227 per tonne on Wednesday, with its low and high at US$2,216 per tonne and US$2,269 per tonne respectively before closing at US$2,220.5 per tonne, up 1.23 per cent. On Wednesday, February 21, both LME aluminium cash bid price and LME aluminium official settlement price...
Today, the SMM A00 aluminium ingot price has discarded RMB 150 per tonne to close at RMB 18,730 per tonne, with the average prices ranging between RMB 18,710 per tonne and RMB 18,750 per tonne. The Shanghai Metals Market has shown a major slump in aluminium prices today, with the highest recorded...
Terrorist group attacks on commercial vessels navigating through the Red Sea have prompted some shipowners to opt for the longer and costlier route via Southern Africa instead of the Suez Canal and the Red Sea. The recent intensification of these attacks has heightened concerns, with tensions...
In a volatile twist, aluminium prices experienced a surge driven by speculations of impending US sanctions against Russia, potentially targeting the metal industry. The uncertainty surrounding the specific industries to be affected has left investors on edge, with President Joe Biden hinting at a...
