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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South32, a globally diversified mining and metals company, is reportedly installing P3XLE energy efficiency technology at its Hillside Aluminium smelter in South Africa to reduce greenhouse gas emissions substantially. This move is part of the company's deliberate effort to move away from...
The audit team of China Inspection and Certification Group Guizhou Co., Ltd. visited the Guizhou Aluminium Plant and Guizhou Branch from October 16 to 19 to review the quality management system, occupational health and safety system, and environmental management system. This year, the factory and...
China’s A00 aluminium ingot price on Friday, October 24, has fallen by RMB 110 per tonne to clock at RMB 18,910 per tonne, with the average prices between RMB 18,890 per tonne and RMB 18,930 per tonne. The spot contract price may be traded at a discount price of RMB 40 per tonne and a premium price...
LME aluminium opened at US$2214 per tonne on Thursday, with its low and high at US$2193 per tonne and US$2228 per tonne, respectively, before closing at US$2196.5 per tonne, up 0.7 per cent. On October 26, the LME aluminium live price chart experienced a spike in aluminium prices, with the LME...
On October 25, 2023, Rio Tinto appointed James Joc O'Rourke as a non-executive director. O'Rourke, who holds both Canadian and Australian citizenship, will seek election at the Company's 2024 annual general meetings. With over 25 years of experience in the mining and minerals industry, O'Rourke has...
On Thursday, October 26, A00 aluminium ingot price has recorded a drop of RMB 70 per tonne after a hike last day. Nevertheless, the price is still standing above RMB 19,000 per tonne, found the Shanghai Metals Market. According to the data, A00 aluminium ingot price has come in at RMB 19,020 per...
LME aluminium opened at US$2202 per tonne on Wednesday, with its low and high at US$2199.5 per tonne and US$2223 per tonne respectively before closing at US$2212 per tonne, up 0.27 per cent. On Wednesday, October 25, both LME aluminium cash bid price and LME aluminium official settlement price...
On October 13th, the Yunnan Aluminium Analysis and Testing Center achieved a significant landmark when the China National Accreditation Committee awarded it the laboratory accreditation certificate for Conformity Assessment (CNAS) with registration number CNAS L19152. The achievement is a testament...
Lower extrusions and recycling volumes, coupled with bearish alumina and aluminium prices, led to a bigger-than-expected drop in Norsk Hydro’s financial output in the third quarter of 2023 ended September 30. On Monday, October 23, Hydro released its Q3 CY2023 fiscal report, announcing a 15 per...
Aluminium Bahrain, one of the world's largest aluminium smelters, celebrated a significant milestone in its Power Station 5 (PS5) Block 4 Project with the arrival of Mitsubishi Power's cutting-edge M701JAC Gas Turbine (GT) on October 16, 2023. This remarkable event marked the installation of the...
Three-month LME aluminum opened at US$2,178 per tonne last evening and closed at US$2,206 per tonne, a rise of US$30 per tonne or 1.38 per cent. On Tuesday, October 24, LME aluminium cash bid price and LME aluminium official settlement price grew by US$2 per tonne, following a fall of US$7.5 per...
Ajay Goel, a seasoned finance expert, has re-assumed the role of Chief Financial Officer at Vedanta Ltd. This development comes at a pivotal juncture as the mining and metal conglomerate, under the helm of billionaire Anil Agarwal, embarks on an ambitious business restructuring initiative. The...
Century Aluminum of South Carolina, a subsidiary of Century Aluminum Company listed on NASDAQ as CENX, has recently publicised the finalisation and approval of a new three-year power contract for the Mt. Holly aluminium smelter. The contract, which has been approved by all necessary parties,...
The Shanghai Metals Market, on October 24, experienced mixed aluminium price trends, with the SMM A00 aluminium ingot price shedding RMB 10 per tonne to close at RMB 18,910 per tonne. The average aluminium prices have ranged between RMB 18,890 per tonne and RMB 18,930 per tonne. China’s major...
LME aluminium opened at US$2181.5 per tonne on Monday, with its low and high at US$2162 per tonne and US$2189 per tonne, respectively, before closing at US$2176 per tonne, down 0.18 per cent. On Monday, October 23, LME aluminium cash bid price and LME aluminium official settlement price dropped by...
World’s primary aluminium production in September 2023 amounted to 5.871 million tonnes, reflecting a month-on-month fall of 2.97 per cent from 6.051 million tonnes, found the International Aluminium Institute. The output fell after two consecutive months of rise. The last downfall in world’s...
LME aluminum opened at US$2,188 per tonne last Friday, with its low and high at US$2,169 per tonne and US$2,190.50 per tonne, respectively, before closing at US$2,180 per tonne, a drop of US$10 per tonne or 0.46 per cent. On Friday, October 22, LME aluminium cash bid price and LME aluminium...
The primary aluminium sector has been extremely busy this week, with the state-controlled Egyptian Aluminium Company (Egyptalum) extending the deadline for its smelter expansion project by one month. The new submission deadline is 12 November, instead of the initial date of 12 October, following...
