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 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...
LME aluminium opened at US$2,326 per tonne yesterday, with its high and low at US$2,337.5 per tonne and US$2,287 per tonne, respectively, before closing at US$2,306 per tonne, a decrease of US$19.5 per tonne or 0.84 per cent. On January 3, the London Metal Exchange registered falling aluminium...
The average alumina spot price in China has been following the growth trajectory since December 18, following the fuel blast deposit in Guinea . The explosion had sparked concern about a potential shortage of bauxite, affecting the alumina production in China. This has raised the buying enthusiasm...
The Shanghai Metals Market data has estimated that China's domestic aluminium production in December 2023 would be around 3.56 million tonnes, reflecting a year-on-year rise of 3.5 per cent and a month-on-month increase of 2.06 per cent. For the entire year, the estimation is 41.5 million tonnes of...
In the December quarter, India's leading primary aluminium producer, Vedanta Aluminium, saw a 6 per cent rise in production, reaching 599,000 tonnes compared to 566,000 tonnes during the corresponding period last year. The Lanjigarh alumina refinery of Vedanta Aluminium saw a 6 per cent increase in...
In the lead-up to Christmas, El-Watch, a technology company based in central Norway with offices in Rindal and Trondheim, solidified a new collaboration by welcoming Mesurex, a reputable Spanish company specialising in measurement and control solutions since 1996, into our growing network of...
Primary aluminium production in Russia & Eastern Europe during January-November 2023 amounted to 3.671 million tonnes, down by 1.79 per cent from 3.738 million tonnes a year earlier. The geo-political conflict between Ukraine and Russia and energy crisis took a toll on production in 2023, resulting...
LME aluminium opened at US$2,388.5 per tonne yesterday, with its high and low at US$2,398 per tonne and US$2,316.5 per tonne, respectively, before closing at US$2,325.5 per tonne, a decrease of US$62 per tonne or 2.6 per cent. On Tuesday, January 2, both LME aluminium cash bid price and LME...
Today, on January 2, the SHFE price chart has shown deflecting aluminium price trends, with the official SHFE aluminium price halting at US$2,746 per tonne with a loss of US$10 per tonne or 0.36 per cent from US$2,756 per tonne, recorded on December 29. It is safe to say that 2024 has started with...
Yunnan Qiya Metal Co., Ltd., a Sichuan Qiya Aluminium Industry Group subsidiary, recently received environmental and quality system certification from the China Classification Society. With the issue of these two certifications, Yunnan Qiya goods now enjoy a "green pass" in international trading....
Hebei Yunai New Material Technology Co., Ltd. specializes in graphite production, research, development, and sales. With eight advanced production lines boasting an annual capacity of 200,000 tons and well-equipped testing rooms for product content evaluation, the company is committed to stringent...
According to the Shanghai Metals Market data, China’s social inventories of aluminium billets ended the year 2023 on Thursday, December 28, at a new low of 64,100 tonnes. On a week-on-week calculation, aluminium billet inventories witnessed a drop of 800 tonnes, and from Monday, December 25, saw a...
On Friday, December 29, both LME aluminium cash bid price and LME aluminium official settlement price gained US$21.5 per tonne or 0.92 per cent and US$22 per tonne or 0.95 per cent to settle at US$2,334.50 per tonne and US$2,335.50 per tonne. As per the London Metal Exchange (LME) data, 3-month bid...
The International Energy Agency (IEA) predicts that global coal consumption will reach an all-time high in 2023 due to sustained demand in emerging and developing economies. Increase in demand The International Energy Agency (IEA) reported a projected 1.4 per cent increase in coal demand for 2023,...
As we approach the final hours of the year 2023, let us reflect on the key highlights from the aluminium industry this December. At the start of the year, aluminium prices were positioned towards the higher end, but as foreseen in the preceding year, a continual decline ensued. Despite earlier...
This week, there has been news about the current state of the aluminium industry in China, with some regions facing supply constraints while others are trying to lower prices. The operational rate of the sector declined last week compared to the previous week. The World Trade Organization (WTO)...
Abdulaziz Sarhan, the Technical Manager of Emirates Global Aluminum (EGA) and Al Jufri, Vice President of the Business Development Department at Indonesia Asahan Aluminium (Inalum), recently led a delegation of technical experts to visit the Qujing production base in Yunnan, China, for a...
Malaysia is a major aluminium importer from the United States. In 2022, the country accounted for 17 per cent of the United States aluminium crude metals and alloys exports and 20 per cent of the United States aluminium scrap exports. Till September 2023, Malaysia accounted for 41 per cent of the...
