The proposed USD 4 billion aluminium smelter in Inola, Oklahoma, has entered another review phase as the US continues efforts to strengthen domestic aluminium production. Inola town trustees have unanimously extended the moratorium on the project through April 7, 2027, giving the proposed...
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...
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Hydro’s Head of aluminium plants, Ola Sæter has described how the aluminium giant is planning to curtail unnecessary operational expenditures through the instalment of sensor-based LED lighting systems in its smelters. These latest energy efficiency measures might save up to 90% of energy costs...
Emirates Global Aluminium expects aluminium prices to grow in line with the demand gains. It also projects its 2023 sales volume to remain steady even though the metal prices are on a downward trend. CEO Abdulnasser Bin Kalban said in an interview on Thursday, August 31, that EGA’s sales volume...
According to the Marubeni Corp report on Friday, September 1, aluminium stocks dropped across Japan in July 2023 by 1.9 per cent month-on-month. At the three major Japanese ports - Yokohama, Nagoya, and Osaka- aluminium stocks reached 350,600 tonnes at the end of July compared to 357,490 tonnes in...
On September 1, today, the Shanghai Metals Market has witnessed enormous growth in aluminium prices all over China, with the SMM A00 aluminium ingot price augmenting by RMB 450 per tonne to officially close at RMB 19,610 per tonne. The average prices have ranged between RMB 19,590 per tonne and RMB...
LME aluminium opened at US$2,201.5 per tonne on Wednesday, with its high and low at US$2,229 per tonne and US$2,199.5 per tonne, respectively, before closing at US$2,201 per tonne, a slight decrease of US$0.5 per tonne or 0.02 per cent from the previous trading day. On Thursday, August 31, both LME...
Russell Investments Group Ltd. has reportedly increased its stake in Century Aluminum by 33.1 per cent to 130,391, representing about 0.14 per cent of the company's worth. By buying these additional shares, Russell Investments Group shows its confidence in the company's future prospects. Ressell...
Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium and the biggest industrial company in the United Arab Emirates reports competitive financial performance for the aluminium sector in H1 2023. Despite market conditions moderating, EGA's adjusted EBITDA was AED 4.2...
Huomei Hongjun Aluminum and Electricity Company has built the country's first automatic production line for aluminium ingot casting, which automates slag breaking, ingot casting, packaging, weighing, and other processes. The announcement was made by Liu Ruihong, Secretary of the Party Committee of...
Press Metal Aluminium Holdings Bhd recently missed its expected earnings, which may continue in the quarters ahead. According to Hong Leong Investment Bank (HLIB) Research, South-East Asia’s largest aluminium producer is likely to experience a gloomy future due to subdued aluminium prices in the...
The aluminium industry has hailed energy saving, carbon reduction, life extension and environmental protection as a new iterative technology in the world aluminium electrolysis sector. The "Project Development and Application of Copper-Carbon Composite Cathode Technology Integrated with Aluminium...
In July 2023, primary aluminium production in Africa stood at 134,000 tonnes after experiencing an increase of 3,000 tonnes or 2.29 per cent month-on-month, found the International Aluminium Institute data. However, the output in June, which was at 131,000 tonnes, recorded a plunge of 3.68 per cent...
LME aluminium opened at US$2,172.50 per tonne on Wednesday, with its high and low at US$2,207 per tonne and US$2,164.5 per tonne, respectively, before closing at US$2,201.50 per tonne, an increase of US$33 per tonne or 1.52 per cent from the previous trading day. The LME aluminium live price chart...
The Shanghai Metals Market (SMM) on Friday, August 31, reported that China’s A00 aluminium ingot price has expanded by RMB 120 per tonne to close at RMB 19,160 per tonne, with the average prices standing between RMB 19,140 per tonne and RMB 19,180 per tonne. The spot contract price is expected to...
Today, on August 30, the Shanghai Metals Market has recorded heightening prices, with the SMM A00 aluminium ingot price increasing by RMB 130 per tonne to officially close at RMB 19,040 per tonne. The average prices have ranged between RMB 19,020 per tonne and RMB 19,060 per tonne. If we consider...
LME aluminium opened at US$2,152 per tonne on Tuesday, with its high and low at US$2,179.5 per tonne and US$2,152 per tonne, respectively, before closing at US$2,169 per tonne, an increase of US$18.5 per tonne or 0.86 per cent from the previous trading day. On Tuesday, August 29, both LME aluminium...
Press Metal Aluminium Holdings Bhd, the largest aluminium smelter in South East Asia, announced the second quarter results of 2023, reporting a 25 per cent year-on-year decline in net profit ended June 30. The company’s net profit for Q2 was recorded at RM305.79 million or 3.73 sen per share...
On August 28, aluminium prices subsided by 0.18 per cent to RMB 198.10, though Beijing attempted to strengthen the currency by swapping state-owned banks in offshore markets. This move aimed to extract yuan and increase the cost of shorting the currency. The People's Bank of China (PBOC) reduced...
The Shanghai Metals Market (SMM) on Tuesday, August 29, recorded a growth of RMB 10 per tonne in A00 aluminium ingot price. The price as of today closed at RMB 18,910 per tonne, with the spot contract prices expected to be traded at a premium price of RMB 160 per tonne and RMB 200 per tonne. The...
