Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 23,990 per tonne, down RMB 15 from yesterday's settlement price, a decline of 0.06 per cent. It opened at RMB 23,995 per tonne during the day and fluctuated within a range of RMB 23,950-24,055 per tonne. Prices traded below the MA5...
The London Metal Exchange (LME) aluminium price reported improvements, rising above 1 per cent across the pricing segment, followed by modest gains in contracts on the September 14 close, recovering from the downward trend reported at the September 13 session . The LME aluminium cash bid and offer...
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Running its 25 th edition and hosted by Ma’aden, the Arab International Aluminium Conference and Exhibition (ARABAL), the premier platform for the aluminium industry in the Arab world opens today at Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia. ARABAL was honoured to have H.E. Khalid...
LME aluminium opened at US$2213 per tonne in the previous trading day, with its low and high at US$2211 per tonne and US$2247 per tonne, respectively, before closing at US$2244 per tonne, up US$28 per tonne or 1.26 per cent. The LME aluminium live price chart on November 20 witnessed a spike in...
On Tuesday, November 21, China’s A00 aluminium ingot price gained RMB 50 per tonne to score RMB 19,000 per tonne. However, on M-o-M calculation, the price has fallen by RMB 80 per tonne from RMB 19,080 per tonne recorded on October 20. Today, the average prices are expected to stand between RMB...
The Kunming Headquarters (Building) Economic Leadership Group Office has announced the 2023 Kunming Headquarters Enterprise Recognition Results. Thirteen firms, including Yunnan Aluminium Corporation, were designated as headquarters enterprises, and the corporation was one of them. Since the...
The Ministry of Industry and Information Technology recently announced the fifth batch of state-level specialised and innovative "Little Giant" enterprises, including Chinalco Materials Application Research Institute Co., Ltd., Yunnan Yuntong Zinc Industry Co., Ltd., and Shenyang Boyu Technology...
On Thursday, November 16, China’s aluminium billet inventories dropped by only 1,000 tonnes week-on-week to stand at 97,500 tonnes, according to the Shanghai Metals Market survey. The downfall occurred in Foshan, Wuxi, Changzhou, and Huzhou but was slightly offset by the hike in Nanchang. To know...
November 2022 was a significant time in AI research and development history. As a significant milestone in recent technical developments, OpenAI launched ChatGPT, which almost instantaneously became the talk of the tech world. Since then, there have been many important developments around AI...
The Shanghai Metals Market, on November 20, experienced an overall surge in aluminium prices, with the SMM A00 aluminium ingot price skyrocketing by RMB 140 per tonne to close at RMB 18,950 per tonne. The average aluminium prices have circulated between RMB 18,930 per tonne and RMB 18,970 per...
LME aluminium opened at US$2212.5 per tonne in the previous trading day, with its low and high at US$2196 per tonne and US$2218 per tonne, respectively, before closing at US$2216 per tonne, up US$4.5 per tonne or 0.2 per cent. On Friday, November 17, LME aluminium cash bid price and LME aluminium...
According to customs data released on November 18, 2023, China experienced a fifth consecutive monthly increase in aluminium imports during October. The uptick is attributed to an improved buying appetite driven by solid demand and expectations of reduced supply in the domestic market. As the...
As per the latest data by the United States Geological Survey (USGS), it can be calculated that the US imports of crude metals and alloys from Canada slumped by 6000 tonnes or 2.64 per cent Year-on-Year from 227,000 tonnes recorded in August 2022 to 221,000 tonnes in August 2023. Similarly, there...
In a recent move, the European Commission proposed its 12th package of sanctions against Russia, receiving a cautious welcome from the European Aluminium. The proposed sanctions target specific aluminium products, such as wires, tubes, pipes, and aluminium foil. While European Aluminium appreciates...
Aluminium Bahrain B.S.C. (Alba), one of the world's largest aluminium smelters (ex-China), has scooped two major awards -- Leading Corporate for Investor Relations (IR) in Bahrain as well as Best Investor Relations Professional – Bahrain, at the 2023 Middle East Investor Relations Association...
LME aluminium opened at US$2233 per tonne in the previous trading day, with its low and high at US$2211.5 per tonne and US$2234 per tonne, respectively, before closing at US$2211.5 per tonne, down US$23.5 per tonne or 1.05 per cent. The LME aluminium live price chart on November 16 witnessed...
On Friday, November 17, China’s A00 aluminium ingot price slumps by RMB 120 per tonne to clock at RMB 18,810 per tonne, with the average prices between RMB 18,790 per tonne and RMB 18,830 per tonne. The spot contract price is expected to be traded at a discount price of RMB 50 to RMB 10 per tonne....
The Aluminum Association Instituto Mexicano del Aluminio (IMEDAL) and the Aluminium Association of Canada have reportedly written a letter to trade officials in Canada, Mexico, and the United States asking for continued tariff-free trade, increased import monitoring, and more vigorous trade...
On November 16, the Shanghai Metals Market registered depleting aluminium prices all over China, with the SMM A00 aluminium ingot price losing RMB 50 per tonne to close at RMB 18,930 per tonne. The average aluminium prices have circulated between RMB 18,910 per tonne and RMB 18,950 per tonne. If we...
On November 15, 2023, the global mining and metal giant Rio Tinto dismissed the services of Ivan Vella with immediate effect, the former head of its aluminium division, according to an email sent to all employees by CEO Jakob Stausholm and as reported by Reuters. Rio Tinto had previously announced...
