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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On Thursday, February 8, LME aluminium official settlement price hiked by US$25.50 per tonne to settle at US$2,221 per tonne. As per the LME data, both 3-month bid price and 3-month offer price grew by US$9 per tonne or 0.40 per cent and US$8 per tonne or 0.35 per cent to clock at US$2,237 per...
Egyptalum plans to develop and rehabilitate the current smelter and evaluate the capital expenditures required to ensure operation for another 25 to 30 years of the operational life of the current smelter, with compliance with all health, safety, and environmental laws and standards. The project...
In recent years, there has been a global resurgence in commitments to carbon neutrality, with countries worldwide revising their policies and strategies to attain these objectives. This movement has coincided with a remarkable increase in the adoption of electric vehicles and a substantial rise in...
On Thursday, February 8, the Southland Chamber of Commerce reported that it is assisting to prepare for the potential closure of the Tiwai Point Aluminium Smelter at the end of 2024. The chamber is working closely with the smelter to enable it to deal with any uncertainty if that defers the closure...
LME aluminium opened at US$2,230.50 per tonne on Wednesday, with its high and low at US$2,234 per tonne and $2,214.50 per tonne, respectively, before closing at US$2,221.50 per tonne, down 0.34 per cent. On Wednesday, February 7, LME aluminium cash bid price and LME aluminium official settlement...
China’s A00 aluminium ingot price has descended by RMB 10 per tonne to settle at RMB 18,910 per tonne as of Thursday, February 8. As per the SMM data, the prices have fallen in all the provinces. To begin with, the prices in Foshan and Gongyi have fallen by RMB 50 per tonne and RMB 10 per tonne to...
Guiyang Institute and Changsha Nonferrous Metallurgy Design and Research Institute Co., LTD., both esteemed members of Chinalco International, recently inked a strategic cooperation agreement. This historic collaboration, marked by a formal signing ceremony, underscores the deep-rooted tradition of...
According to the International Aluminium Institute, North America’s primary aluminium production in December 2023 stood at 339,000 tonnes, bringing the output of the fourth quarter to 1.004 million tonnes, up by 2.03 per cent from 984,000 tonnes in Q3. On a year-on-year basis, primary aluminium...
China-based Nanhai Aluminum Application Technology Group and three of its subsidiaries have been recognised as the 'National High Tech Enterprises' for 2023. Among these, subsidiaries of Nanhai Aluminum Application Technology Group, namely Guangdong Nanaluminum Construction Formwork Technology Co.,...
Egypt has greenlit substantial investments of nearly 2.9 billion Egyptian pounds ($94 million) in new metal industrial projects for the fiscal year 2023-2024. The initiative, spearheaded by the state-owned Metallurgical Industries Holding Company, aims to finance novel projects and augment...
LME aluminium opened at US$2,206 per tonne on Tuesday, with its low and high at US$2,203 per tonne and US$2,242 per tonne, respectively, before closing at US$2,229 per tonne, up 1.11 per cent. On Tuesday, February 6, both LME aluminium cash bid price and LME aluminium official settlement price...
Today, on February 7, the SMM A00 aluminium ingot price has jumped up the graph by RMB 150 per tonne to close at RMB 18,920 per tonne, with the average prices ranging between RMB 18,900 per tonne and RMB 18,940 per tonne. If we consider the SMM A00 aluminium ingot price on January 31, there can be...
According to the Shanghai Metals Market survey, China’s domestic primary aluminium production welcomed the year in January 2024 (31 days) with a month-on-month restraint at 3.562 million tonnes, with the average daily output at 114,900 tonnes, the same as the previous month. On a year-on-year...
On Tuesday, February 6, China’s A00 aluminium ingot price hiked by RMB 40 per tonne to arrive at RMB 18,770 per tonne, with the average prices between RMB 18,750 per tonne and RMB 18,790 per tonne. The spot contract price may be traded at a discount price of RMB 20 to a premium price of RMB 20 per...
LME aluminum opened at US$2,236.50 per tonne on Monday, with its high and low at US$2,236.50 per tonne and US$2,203 per tonne, respectively, before closing at US$2,204.5 per tonne, down 1.43 per cent. On Monday, February 5, LME aluminium cash bid price plunged by US$25.50 per tonne to reach...
To cope with the shifting operational paradigms of the aluminium industry, Chalco's Zhongrun Aluminium smelter embraced digital twin technology, a first-of-its-kind initiative. SAMI partnered with Bentley to address challenges in design, construction, and data integration. Shenyang Aluminium &...
In the inaugural month of 2024, aluminium prices exhibited a relatively flat trend across both the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). This observed trend aligns with predictions made by industry experts and is corroborated by AL Circle's latest industry-focused...
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