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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The world primary aluminium production has recorded an annual increase of 2.25 per cent for 2023, reaching 70.593 million tonnes at the end of December, found the International Aluminium Institute (IAI). However, compared to the previous year, the growth rate has decreased in 2023. In 2022, the...
LME aluminium opened at US$2,159 per tonne yesterday, with its high and low at US$2,237 per tonne and US$2,156 per tonne, respectively, before closing at US$2,232 per tonne, up by US$77 per tonne or 3.57 per cent. On Tuesday, January 23, both LME aluminium cash bid price and LME aluminium official...
Baotou Aluminum recently achieved the 2023 Energy Management System Certification, with Fangyuan Logo Certification Group set to conduct the external audit. A comprehensive evaluation of Baotou Aluminium's overall energy consumption was also undertaken. Leading the charge in the audit were Ma...
South32, a diversified mining company, has achieved a record half-year aluminium production, propelled by the robust performance of its Hillside Aluminium operation in KwaZulu-Natal, South Africa. Additionally, South African manganese witnessed a 9 per cent increase in sales during the December...
LME aluminium opened at US$2,174 per tonne yesterday, with its high and low at US$2180 per tonne and US$2,152.5 per tonne, respectively, before closing at US$2,155 per tonne, down by US$17.5 per tonne or 0.81 per cent. The LME aluminium official price chart on January 22 showed decreasing rates,...
On Tuesday, January 23, China's A00 aluminium ingot price dropped by RMB 80 per tonne to stand at RMB 18,750 per tonne, with the average prices ranging between RMB 18,730 per tonne and RMB 18,770 per tonne. The spot contract price may be traded at a premium price of RMB 40 to RMB 80 per tonne. As...
Effective February 1, 2024, Hisham Alkooheji will uphold the post of Alba's Acting Chief Marketing Officer (CMO) after the former CMO Khalid A. Latif steps down. Hisham Alkooheji's journey within Alba has been marked by significant contributions and a progression of roles. Commencing his tenure as...
According to the Shanghai Metals Market (SMM) survey, China produced 3.562 million tonnes of primary aluminium in December (31 calendar days) 2023. That was an annual increase of 3.6 per cent, leading to a cumulative output of 41.513 million tonnes in the entire year. Production analysis The daily...
Today, on January 22, the SMM A00 aluminium price has remained stagnant on its previous weekend’s position, recording a price of RMB 18,830 per tonne. If we consider China’s A00 aluminium ingot price on October 23, last year, there can be found a Quarter-on-Quarter descend of RMB 90 per tonne or...
LME aluminium opened at US$2,172 per tonne last Friday, with high and low at US$2,182 per tonne and US$2,158.5 per tonne, respectively, before closing at US$2,172.5 per tonne, an increase of US$4.5 per tonne or 0.21 per cent. On Friday, January 19, both LME aluminium cash bid price and LME...
As we enter the third week of the new year in 2023, industry predictions have proven accurate, with the primary aluminium prices experiencing a continuous decline. Notably, the Shanghai Futures Exchange (SHFE) price has demonstrated better resilience compared to the London Metal Exchange (LME)...
Epsilon Carbon Pvt. Ltd., a key player in the carbon industry, has recently inked a Memorandum of Understanding (MoU) with the Government of Odisha, marking a monumental step towards a substantial investment in the region. The Integrated Carbon Complex (ICC) project, costing almost INR 10,000...
In the intricate web of the US aluminium industry, Magnitude 7 Metals faces an uncertain future, caught in the crossfire of financial struggles and soaring energy costs. As the industry grapples with these challenges, Renew Missouri, a prominent non-profit clean energy advocate, endeavours to...
In celebrating National Startup Day, Vedanta Aluminium, a cornerstone of India's aluminium production, embraces cutting-edge collaborations with nearly 60 tech startups, propelling the industry into a new era. A vital player, contributing over half of India's aluminium production at an impressive...
On January 17, 2023, Alcoa Corporation reported fourth quarter and full year 2023 results demonstrating progress on key priorities. Financial results and highlights Fourth quarter 2023 Received approval to continue bauxite mining in Western Australia Received clarification on qualification for...
LME aluminium opened at US$2,180 per tonne on Thursday, with high and low at US$2,192.5 per tonne and US$2,162 per tonne, respectively, before closing at US$2,168 per tonne, a drop of US$46 per tonne or 2.08 per cent. On January 18, the London Metal Exchange price chart displayed shrinking...
On Friday, January 19, China’s A00 aluminium ingot price descended by RMB 60 per tonne to settle at RMB 18,830 per tonne, with the average prices standing between RMB 18,810 per tonne and RMB 18,850 per tonne. The spot contract price may be traded at a premium price of RMB 50 to RMB 90 per tonne....
AL Circle is pleased to announce the launch of its highly anticipated industry-focused report, "Global Aluminium Industry Outlook 2024." This comprehensive report will provide invaluable insights into the global aluminium market's current state and future trajectory. The Global Aluminium Industry...
