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 a momentous celebration of a 150-year partnership between Rio Tinto and the Indian government, India's Post Office has issued a new 5 rupee stamp titled 'Rio Tinto 150.' This commemorative stamp, part of the 'My Stamp' series, signifies the enduring collaboration between the Anglo-Australian...
In the vibrant landscape of 2024, PT Indonesia Asahan Aluminium (Persero), also called Inalum, is poised to unfurl the sails of innovation on two grand ventures. With a resounding declaration, CEO Danny Praditya has illuminated the corporate horizon, announcing the Final Investment Decision (FID)...
LME aluminium opened at US$2,239 per tonne on Tuesday, with its high and low at US$2,257.5 per tonne and US$2,227 per tonne respectively before closing at US$2,242 per tonne, an increase of US$5 per tonne or 0.22 per cent. On January 9, the London Metal Exchange price chart marked a slump in...
On Wednesday, January 10, China’s A00 aluminium ingot price has gained RMB 110 per tonne to clock at RMB 19,210 per tonne, with the average prices standing between RMB 19,190 per tonne and RMB 19,230 per tonne. As per the data, the prices in Chongqing and Tianjin have grown by RMB 120 per tonne to...
Aluminium Bahrain BSC (Alba), a notable player in the primary aluminium industry, is auctioning off equipment from its former power plants, PS1 and PS2, in Aska, Bahrain. These power plants are integral to Alba's strategic plan to expand its existing PS5 facility. PS1, largely decommissioned, and...
Embarking on a visionary path, Aluminium Bahrain B.S.C. (Alba) sets its gaze firmly ahead, as articulated by the CEO, Ali Al Baqali, during the inauguration of the Annual Majlis 2024 sessions on January 8, 2024, at the Oasis Hall. Ali Al Baqali, Alba's CEO, emphasised the proactive approach: "We...
LME aluminium opened at US$2,274.5 per tonne on Monday, with high and low at US$2,276 per tonne and US$2,234 per tonne, respectively, before closing at US$2,237 per tonne, a drop of US$35 per tonne or 1.54 per cent. On Monday, January 8, both LME aluminium cash bid price and LME aluminium official...
In the latest edition of the Catalogue of Industrial Water-saving Technologies by the Ministry of Water Resources and the Ministry of Industry and Information Technology, notable advancements in water-saving technologies within the aluminium industry have been acknowledged. Chinalco Group, a...
On Monday, January 8, China's A00 aluminium ingot price has lost RMB 140 per tonne to settle at RMB 19,160 per tonne, with the spot contract price expected to be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The average prices are expected to be traded between RMB...
LME aluminium opened at US$2,279 per tonne last Friday, with its high and low at US$2,294.5 per tonne and US$2,251 per tonne, respectively, before closing at US$2,272 per tonne, a drop of US$13 per tonne or 0.57 per cent. On January 5, the London Metal Exchange price chart registered dampening...
On January 7, 2024, Aluminium Bahrain B.S.C. (Alba) held a ceremony to recognise the employees’ efforts behind the successful completion of the planned development programmes in 2023, which could be possible because of the constant skill development and training programmes given to the employees to...
The International Energy Agency predicts that global coal consumption will reach an all-time high in 2023 due to increased demand in India and China. Coal remains the primary source of energy-related environmental impact linked to global warming. However, coal usage is expected to decrease by...
According to the Shanghai Metals Market survey, aluminium ingot inventories in China have marked the beginning of the year 2024 with a notable hike. As per the data, social inventories of ingot across Chinese eight major consumption areas built up 28,000 tonnes week-on-week, reaching 462,000 tonnes...
According to Romania's statistical office, INS, in November 2023, the southeastern European country witnessed a 2.55 per cent y-o-y decline in industrial producer prices, primarily attributed to a decrease in the mining and quarrying sector. Despite this annual dip, there was a slight monthly...
The North American aluminum market experienced a significant shift in dynamics throughout Q3 2023, marked by a notable contraction in demand and a subsequent impact on trade dynamics. According to the preliminary estimates drawn by the Aluminum Association in its monthly Aluminum Situation report,...
LME aluminium opened at US$2,304 per tonne yesterday, with high and low at US$2,316.5 per tonne and US$2,269 per tonne, respectively, before closing at US$2,285 per tonne, a decrease of US$21 per tonne or 0.91 per cent. On Thursday, January 4, aluminium prices experienced a decline as worries...
Aluminium Bahrain B.S.C. (Alba), one of the largest smelters in the world, has set a new record by producing 1,620,665 tonnes of aluminium in 2023. The output has registered an annual increase of 20,554 tonnes or 1.3 per cent from 1,600,111 tonnes. Alba's record production in 2022 It was in 2022...
The beginning of 2024 is witnessing growth in China’s aluminium billet inventories, reaching 82,000 tonnes. Until January 4, 2024, China’s social inventories of aluminium billets have encountered two back-to back hikes. The first increase this year was on January 2 by about 13,300 tonnes to 77,400...
