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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Epsilon Carbon Pvt. Ltd., a significant leader in India's speciality carbon product manufacturing sector, unlocked a critical milestone. They were thrilled to be the first Indian company to export liquid coal tar pitch, with an initial shipment of 8,000 tonnes sailing from Mangalore port. The EU's...
In 2021, the total primary aluminium produced in Western and Central Europe registered 3.329 million tonnes, while in 2022, it was 2.913 million tonnes, down 416,000 tonnes or 12.49 per cent Year-on-Year. Western and Central Europe amounted to 4.22 per cent of the total world aluminium production...
According to the Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO), aluminium ingot production in Iran during the first five months of the Iranian calendar year (March 21-August 22) amounted to 267,983 tonnes, reflecting a drop of 3,243 tonnes or 1.20 per cent...
On September 28, 2023, according to trade data released by the Ministry of Finance, Japan stated that the country's August imports of primary aluminium declined by 16 per cent compared to the previous year, totalling 95,630 tonnes. This marks a cumulative decrease of 30 per cent for the year. As...
The European Parliament's inclusion of aluminium in the Strategic Raw Materials list in the forthcoming Critical Raw Materials Act marks a significant development. Concurrently, Aluminium Deutschland conveys that the German aluminium industry continues to grapple with challenges, primarily in terms...
Aluminium Bahrain B.S.C (Alba), in its third quarterly Board of Directors’ virtual meeting on September 28, underpinned that delivering consistent performance amid uncertain macroeconomic outlook would be their top priority for the next quarter. Chairman of the Board Shaikh Daij Bin Salman Bin Daij...
On September 25, the China Nonferrous Metals Industry Association (CMRA) inked a memorandum of understanding (MoU) with the Russian Aluminium Association in Beijing, as was circulated by the board in a statement. The vice party secretary of the CMRA, Fan Shunke, asserted that this partnership was...
LME aluminium opened at US$2,239.5 per tonne on Wednesday, with its high and low at US$2,246.5 per tonne and US$2,220 per tonne, respectively, before closing at US$2,237.5 per tonne, a decrease of US$3.5 per tonne or 0.16 per cent. On Thursday, September 28, the London Metal Exchange (LME) recorded...
In an effort to promote energy efficiency and conservation, Qinghai Aluminium recently invited energy management experts from Qinghai Renewable Energy Research Institute, Qinghai Chemical Design and Research Institute, and Qinghai University to conduct an energy-saving acceptance review of their...
India is the only country that stands out from the rest of the world regarding aluminium production and consumption amidst a down market projecting a slow recovery in 2023. The government's strong emphasis on new infrastructure, particularly green energy, drives domestic consumption and overall...
According to some sources, a few Japanese aluminium buyers have agreed to pay a premium of $97 per tonne over the global benchmark price for the shipments during the fourth quarter of 2023, to end on December 31. This, compared to the previous quarter’s premium of $127.5 per tonne , stands 24 per...
LME aluminium opened at US$2,239.5 per tonne on Wednesday, with its high and low at US$2,246.5 per tonne and US$2,220 per tonne respectively, before, closing at US$2,237.5 per tonne, a decrease of US$3.5 per tonne or 0.16 per cent. On September 27, the LME aluminium live price chart marked mixed...
On Thursday, September 28, China’s A00 aluminium ingot price gained RMB 70 per tonne to score at RMB 19,850 per tonne, with the average prices between RMB 19,830 per tonne and RMB 19,870 per tonne. The spot contract price may be traded at a premium price of RMB 130 to RMB 170 per tonne. The price...
The United States aluminium crude metals and alloys exports to Canada increased by 770 tonnes or 14.98 per cent Year-on-Year to officiate at 5,910 tonnes in June 2023 from 5,140 tonnes in June 2022. On a Quarter-on-Quarter scale, there has been a slump of 930 tonnes or 13.6 per cent from 6,840...
Chinalco Group, a renowned player in the aluminium industry, has played a pivotal role by introducing multiple national standards for aluminium alloys. In a recent development, the General Administration of Market Supervision and the National Standards Committee jointly issued an announcement...
According to the International Aluminium Institute, Africa’s primary aluminium production stood at 135,000 tonnes in August 2023 (31 calendar days), accounting for 2.23 per cent of the world’s total output of 6.044 million tonnes. Last month, Africa’s share of the world’s primary aluminium...
LME aluminium opened at US$2,249.5 per tonne on Tuesday, with its high and low at US$2,249.5 per tonne and US$2,222 per tonne, respectively, before closing at US$2,241 per tonne, an increase of US$7 per tonne or 0.31 per cent. On Tuesday, September 26, both LME aluminium cash bid price and LME...
On Thursday, September 21, A00 aluminium ingot inventories in China settled at 522,000 tonnes, registering a week-on-week growth of 3,000 tonnes from 519,000 tonnes, found the Shanghai Metals Market data. However, from Monday, September 18, aluminium ingot inventories dwindled by 7,000 tonnes from...
