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...
Grow with
AL Circle
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...
LME aluminium opened at US$2,242.50 per tonne on Tuesday, with its high and low at US$2,249.50 per tonne and US$2,211 per tonne, respectively, before closing at US$2,214 per tonne, a decrease of US$32 per tonne or 1.42 per cent. The LME aluminium live price chart, on October 10, experienced...
On Wednesday, October 11, China's A00 aluminium ingot price witnessed a fall of RMB 140 per tonne to RMB 19,370 per tonne, with the average prices ranging between RMB 19,350 per tonne and RMB 19,390 per tonne. The spot contract prices may be traded at a premium price of RMB 30 to RMB 70 per tonne....
According to the Shanghai Metals Market survey, China’s social inventories of aluminium ingot recorded a significant rise across the eight major consumption areas, including SHFE warrants, as the market resumed on October 7 from a week-long Mid-Autumn Festival holiday. On October 7, the inventories...
The aluminium industry is witnessing promising development as Emirates Global Aluminium and PT Indonesia Asahan Aluminium (INALUM) announce the successful start-up of five pilot reduction cells at INALUM's Kuala Tanjung aluminium smelter, which has been upgraded with EGA's technological expertise....
Three-month LME aluminium opened at US$2237 per tonne last evening and closed at US$2247 per tonne, a US$7.5 per tonne rise or 0.33 per cent. On Monday, October 9, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$15 per tonne or 0.67 per cent to close at...
During the previous week, the Indian base metals market displayed a mixed performance, with positive and negative moves and some minor price swings. Although domestic aluminium prices remained relatively stable, the imported market experienced higher price volatility. Throughout the week, the...
On Friday, October 6, mining company Vedanta Limited formed a new wholly-owned subsidiary for its aluminium business named Vedanta Aluminium Metal. Registered in Maharashtra, India, the newly incorporated subsidiary will have authorised and subscribed capital of INR 1,00,000, representing a share...
The three-month LME aluminum opened at US$2,232 per tonne, with high and low at US$2,248 per tonne and US$2,222.50 per tonne, respectively, before closing at US$2,246 per tonne, up by $14 per tonne or 0.63 per cent. On Friday, October 6, the LME aluminium cash bid price rose by US$12 per tonne to...
The rush to discover additional ventures in transition materials has instigated a reassessment of strategy at Rio Tinto. This involves an inclination towards smaller mining operations and potentially exploring more precarious, less-established locations. On October 6, 2023, Dominic Barton, Rio...
Last week was a very exciting time for AL Circle with the rebranding experience in play. Overall, the aluminium industry, too, saw a few gut-wrenching events. A fire broke out at Rusal-owned Krasnoyarsk Aluminium Smelter on Wednesday. A transformer caught fire in a 50 square metre area. No...
The benchmark aluminium price on the London Metal Exchange in September 2023 recorded an increase of US$123.50 per tonne or 5.65 per cent to reach US$2,307.50 per tonne. The price started flaunting a steady growth towards the second half of the month compared to the initial days. After initiating...
Rusal confirmed on October 5 that its Krasnoyarsk Aluminium Smelter remained unaffected despite a significant blaze erupted at the facility spanning over 21,528 square feet. Krasnoyarsk Smelter is one of the largest smelters in the world and a key site where Rusal introduces cutting-edge...
The Norwegian government's national budget proposal, unveiled on October 6, contains various components that have implications for Hydro's activities within Norway. Of these, the most notable and concerning one pertains to the CO 2 compensation scheme. Hydro is surprised and expressed...
Primary aluminium production in North America during August 2023 stood at 332,000 tonnes, reflecting a slight increase of 2,000 tonnes or 0.60 per cent month-on-month, found the International Aluminium Institute. The output growth extended in August but at a slower rate compared to 2.80 per cent in...
On Thursday, October 5, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$35.5 per tonne or 1.59 per cent to halt at US$2,195 per tonne and US$2,195.50 per tonne. As per the London Metal Exchange (LME) graph , both 3-month bid price and 3-month offer price...
In July 2023, the United States domestic primary aluminium production amounted to 64,000 tonnes, up by 2,000 tonnes or 3.23 per cent month-on-month, found the US Census Bureau data. However, the output increased in July following a drop of 4.62 per cent in June from 65,000 tonnes to 62,000 tonnes....
In 2022, AdTech Metallurgical Materials Co., Ltd initiated a cooperative partnership with the Russian aluminium giant Rusal, building a reputation and commendation of Rusal throughout their collaborative journey. AdTech's unwavering commitment to product quality and service excellence has...
