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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The German economy experienced a lacklustre performance in the second quarter of 2023, falling short of expectations for a slight expansion. Factors such as diminished purchasing power, elevated interest rates, and subdued factory order levels exerted downward pressure on the largest economy in the...
LME aluminium opened at US$2,238 per tonne on Monday, with its high and low at US$2,242 per tonne and US$2,195 per tonne, respectively, before closing at US$2,200.5 per tonne. On September 5, the LME aluminium live price chart experienced declining aluminium price trends, with the LME aluminium...
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European Aluminium, in collaboration with 11 other industry associations representing the raw materials, aerospace & defence, and clean tech sectors, has joined forces to advocate for the formal recognition of aluminium's strategic significance. The shared objective is to secure the inclusion of...
Headquartered in England, Intercede Group PLC has declared the company signing four latest contracts worth US$2 million on September 4 with an aluminium producer located in the Middle East. The Lutterworth-based cybersecurity software provider exclaimed that these new contracts comprise...
In August 2023, the global aluminium industry experienced some significant developments. Despite minor fluctuations, the LME aluminium price decreased slightly, while the SHFE price exhibited growth. Anticipations for the year's second half indicate an upswing in aluminium demand, with both...
Rio Tinto Group, the world's second-largest metals and mining corporation, has appointed Jérôme Pécresse as the Chief Executive for the aluminium business. Jérôme Pécresse will join Rio Tinto on October 23, 2023, succeeding Ivan Vella. Jérôme will bring more than 30 years of experience in senior...
The Arab International Aluminium Conference and Exhibition (ARABAL), the premiere-most event for the aluminium industry in the Arab world, is scheduled for November 21-23, 2023, at Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia. Ma'aden, a Saudi state-owned mining company, will host the...
The Shanghai Metals Market on September 5 experienced declining aluminium prices all over China, with the SMM A00 aluminium ingot price diving down by RMB 170 per tonne to officially close at RMB 19,240 per tonne. The average prices have circled between RMB 19,220 per tonne and RMB 19,260 per...
LME aluminium opened at US$2,238 per tonne on Monday, with its high and low at US$2,242 per tonne and US$2,195 per tonne, respectively, before closing at US$2,200.5 per tonne. On Monday, September 4, the London Metal Exchange (LME) opened the week with a fall of US$34.5 per tonne or 1.58 and 1.57...
According to the International Aluminium Institute (IAI), the Gulf Cooperation Council (GCC), consisting of regions like Bahrain, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, has experienced stable growth in primary aluminium production this year, with 50 per cent of the total...
Hydro has agreed to a three-year deal with Shell Energy to assist in decarbonising its UK operations. The arrangement is for an annual supply of 56 GWh of electricity and 144 GWh of gas to Hydro's UK operations. By implementing this contractual agreement, Hydro successfully reduced its Scope 2...
The Gulf Cooperation Council (GCC) manufacturing sector is undergoing a significant transformation as cutting-edge technologies like artificial intelligence and robotics are integrated into the workplace, often referred to as "Industry 4.0." This evolution is leading to a higher degree of...
In July 2023, North America contributed 330,000 tonnes to the global primary aluminium production at 5.861 million tonnes, according to the International Aluminium Institute data. On a month-on-month calculation, North America’s primary aluminium output in July stood at 9,000 tonnes or 2.80 per...
LME aluminium opened at US$2,206 per tonne on Friday, with its high and low at US$2,260 per tonne and US$2,206 per tonne, respectively, before closing at US$2,237 per tonne. The LME aluminium live price chart on September 1 witnessed growing aluminium prices, with the LME aluminium cash bid price...
The Shanghai Metals Market (SMM) on Monday, September 4, opened the week with a contraction of RMB 200 per tonne to settle at RMB 19,410 per tonne. The spot contract price is expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The average prices may orbit between RMB 19,390 per...
According to Japan Metal Daily, the loading price (base price) of aluminium ingots equipped with large strings, which serves as a crucial indicator for determining the prices of Japanese rolled aluminium products available in retail outlets, has been firmly set at JPY 390 per kilogram (equivalent...
Indian aluminium giants like Hindalco, Vedanta, and NALCO have increased their aluminium prices twice this week in line with the LME aluminium price rally by US$64.50 per tonne from August 29-September 1. Hindalco Industries Limited upgraded its aluminium prices on August 31 by INR 2,500 per tonne...
The primary sector of the aluminium industry is witnessing many new and significant events. To begin with, Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium and the largest industrial firm in the UAE, recorded a competitive financial performance in H1 2023. Despite...
