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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Squarepoint Capital LLP, a hedge fund, has recently acquired primarily Russian aluminium from the London Metal Exchange (LME), totalling over $100 million in value. The metal is currently stored in South Korean warehouses, and Squarepoint Capital has expressed its intention to take delivery of...
The first batch of Haihu brand "Green Power High-quality 99.85 per cent Aluminium Ingot" of Qinghai Branch of China Aluminium Company (Chinalco) was off the production line in the foundry's second operation area on October 11th. The first order was for 5,000 tonnes, delivered 20 days later to East...
Rio Tinto announced another quarter of progress from July to September 2023. In the Q3 production report, the company revealed that its aluminium output stood at 828,000 tonnes, registering a 2 per cent rise Q-o-Q and a 9 per cent hike Y-o-Y, backed by the full capacity operations at Kitimat...
LME aluminium opened at US$2,193 per tonne on Monday, with its high and low at US$2,205 per tonne and US$2,179 per tonne, respectively, before closing at US$2,181 per tonne, a decrease of US$9 per tonne or 0.41 per cent. On October 16, the LME aluminium live price chart experienced falling price...
The Egyptian Aluminium Company (Egyptalum), which is under state control, has announced that it will be extending the bidding deadline for its smelter expansion project by one month. According to a disclosure statement made by the company at Egypt's bourse on Sunday, the deadline for bid...
According to a recent report, Chinalco conducted a promotion meeting of the “Five Standards and One Control” management model in its Liancheng Branch. The company summed up the management model in electrolytic aluminium business units, based on the current situation of the industry. After an...
LME aluminium opened at US$2,204 per tonne last Friday, with its high and low at US$2,212 per tonne and US$2,190 per tonne, respectively, before closing at US$2,190 per tonne, a decrease of US$11 per tonne or 0.5 per cent. On Friday, October 13, both LME aluminium cash bid price and LME aluminium...
The Shanghai Metals Market, on October 16, witnessed minor hikes in aluminium prices, with the SMM A00 aluminium ingot price showing no change, remaining stoic at RMB 19,050 per tonne. The average prices have ranged between RMB 19,030 per tonne and RMB 19,070 per tonne. If we consider the price on...
The Rio Tinto chairman, Dominic Barton, indicated on October 6, 2023, that customers are increasingly willing to pay extra for eco-friendly, sustainable products. In addition, he spoke about the company's desire to participate in the growing lithium market. On Friday, October 6, mining giant...
On Friday, October 13, China's A00 aluminium ingot price nosedived by RMB200 per tonne to close at RMB 19,050 per tonne, with the average prices standing between RMB 19,030 per tonne and RMB 19,070 per tonne. The spot contract price may be traded at a discount price of RMB 10 per tonne and a...
LME aluminium opened at US$2,215 per tonne on Thursday, with its high and low at US$2,228.5 per tonne and US$2,195 per tonne, respectively, before closing at US$2,201per tonne, a decrease of US$12.5 per tonne or 0.56 per cent. The LME aluminium live price chart on October 12 witnessed mixed price...
On October 12, National Aluminium Company Limited (NALCO) declared the latest positioning of Jagdish Arora as the Projects and Technical Director of the Company. A highly proficient official with an experience of more than thirty-four years, Arora took up his responsibilities on October 11, as per...
China’s domestic aluminium production in September 2023 was recorded at 3.523 million tonnes, marking a year-on-year increase of 5 per cent but a month-on-month fall of 2.76 per cent. However, the daily average production grew over a month by 554 tonnes to 117,400 tonnes in September 2023. From...
According to a report on Tuesday, October 10, the share of Russian aluminium stocks in London Metal Exchange-approved warehouses fell to 76 per cent in September 2023 from 81 per cent in August. The actual amount of Russian stocks on the LME warrant decreased from 183,650 tonnes in August to...
LME aluminium opened at US$2,214.5 per tonne on Wednesday, with its high and low at US$2,227 per tonne and US$2,206 per tonne, respectively, before closing at US$2,213.5 per tonne, a decrease of US$0.5 per tonne or 0.02 per cent. On Wednesday, October 11, both LME aluminium cash bid price and LME...
On October 12, the Shanghai Metals Market experienced dampening aluminium prices all over China, with the SMM A00 aluminium ingot price plunging by RMB 120 per tonne to officially close at RMB 19,250 per tonne. The average prices have ranged between RMB 19,230 per tonne and RMB 19,270 per tonne. If...
The European Commission's decision to turn down the Greek government's proposal to consolidate the electricity demands of major industrial consumers, such as those in the aluminium and chemical sectors, to reduce their operational expenses has disappointed the metal industry. In July 2022, the...
Jiayuguan City has vigorously implemented key industry upgrading actions, increased effective investment in leading industries, comprehensively improved the ability of innovation drive, intelligent transformation, structural optimisation, and chain extension, and made every effort to build a...
