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 prominent player in India's specialty carbon product manufacturing sector, achieved a significant milestone. They proudly became the first Indian company to venture into the export of liquid coal tar pitch, with an impressive initial consignment of 8,000 tonnes departing...
According to Oleg Deripaska, a prominent Russian oligarch, Russia has managed to withstand Western sanctions imposed in response to its invasion of Ukraine. Despite expecting the country to struggle financially due to the war, Deripaska expressed surprise at Russia's resilience. He attributed this...
Hydro Energi has entered into a long-term power purchase agreement (PPA) with Alpiq, involving the comprehensive supply of 1.18 terawatt-hours (TWh) of energy for the duration spanning from 2024 to 2032. The Power Purchase Agreement (PPA) will be incorporated into Hydro's power portfolio in Norway,...
On Tuesday, September 26, China's A00 aluminium ingot price ascended by RMB 70 per tonne to score at RMB 19,800 per tonne, with the average prices expected to range between RMB 19,780 per tonne and RMB 19,820 per tonne. The spot contract price may be traded at a premium price of RMB 180 to RMB 200...
LME aluminium opened at US$2,241.50 per tonne on Monday, with its high and low at US$2,241.50 per tonne and US$2,121.20 per tonne respectively before closing at US$2,234 per tonne, a decrease of US$17 per tonne or 0.76 per cent. On September 25, the LME aluminium live price chart witnessed...
Alcoa Corporation announced today that William F. Oplinger has been elected to serve as President and Chief Executive Officer of the Company and as a member of its Board of Directors. Oplinger succeeds Roy C. Harvey, effective September 24, 2023, who will serve as Strategic Advisor to the Chief...
Global aluminium business has witnessed significant changes over the past few years due to COVID mayhem, political instability, geopolitical crisis, surge in energy prices, worldwide economic slowdown, and rapid advancements. These include bauxite exploration in new countries and mines, a digital...
World primary aluminium production in August 2023 witnessed a marginal rise of 0.23 per cent month-on-month to reach 6.044 million tonnes, found the International Aluminium Institute survey. In July 2023, the output was recorded at 6.03 million tonnes, up by 5 per cent from 5.743 million tonnes in...
Vedanta Aluminium, India’s leading aluminium producer, commemorated National Engineers Day with an assurance to foster a workforce of highly skilled engineers. On the special day, Vedanta celebrated its engineers’ unwavering commitment to operational excellence, technological innovation, and...
The EU's Carbon Border Adjustment Mechanism (CBAM) is poised to significantly increase the costs of steel imports from countries such as India and China. Set to be introduced next month, this carbon scheme is expected to shift its attention to other metals, including aluminium. Starting in 2026,...
According to the statistics provided by Baichuan Yingfu, in August 2023, the electrolytic aluminium industry witnessed a capacity expansion of 47.2490 million tonnes, with a construction capacity of 42.799 million tonnes. The operating rate during this period was recorded at 90.58 per cent. China's...
According to the Shanghai Metals Market survey, A00 aluminium ingot price has opened this week on Monday, September 25, with a marginal drop of RMB 10 per tonne to stand at RMB 19,730 per tonne. The average prices are estimated to range between RMB 19,710 per tonne and RMB 19,750 per tonne, with a...
LME aluminium opened at US$2,222 per tonne last Friday and hit a high of US$2,250.5 per tonne before closing at US$2,250.5 per tonne, an increase of US$28.5 per tonne or 1.29 per cent. One of the main reasons for the price hike can be attributed to Indonesia's potential export ban on bauxite, which...
The world leader and innovator in producing raw materials critical to users of carbon products worldwide, including the aluminium sector, stated that the aluminium smelters could only meet their emissions targets with costly technological measures to deal with carbon anode emissions. Governments...
The primary aluminium sector has seen incredible activities this week, with the EU considering imposing surcharges on some imported products, which has caused concern from China. The EU's Carbon Border Adjustment Mechanism aims to protect European firms against cheap imports that do not follow...
NALCO's profit margins have faced challenges attributable to increased input costs, the volatility of the business environment, and fluctuations in global demand and supply, as indicated by a company official. National Aluminium Company Ltd (NALCO) reported sales amounting to 14,171 crore INR and a...
LME aluminium opened at US$2,248 per tonne on Thursday, then reached its high at US$2248.5 per tonne and finally closed at US$2,222 per tonne, a decrease of US$32 per tonne or 1.42 per cent. On September 21, the LME aluminium live price chart experienced decreasing aluminium rates, with the LME...
On Friday, September 22, A00 aluminium ingot price in China gained RMB 90 per tonne to close at RMB 19,740 per tonne, with the average prices between RMB 19,720 per tonne and RMB 19,760 per tonne. The spot contract price is expected to be traded at a premium price of RMB 210 per tonne to RMB 250...
