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...
Grow with
AL Circle
Bintulu Port Holdings Bhd's (Bintulu Port) operations are expected to perform better in the second half of the year, according to analysts, despite its first-half results falling short of the full-year consensus estimate. Kenanga Research believes that the results are in line with expectations and...
In July 2023, China's primary aluminium exports reached 22,700 tonnes, climbing 200 per cent year-on-year. But the country's total exports in the year's first seven months reflected a fall of 56 per cent to 80,300 tonnes. China's pre-baked anode exports dipped by 0.42 per cent M-o-M and dwindled by...
Alia Al Hashimi's commanding presence at the controls of a massive crane overseeing scorching aluminium smelters sends a resolute message to young women: They can carve out a place on the factory floor. At 24, Al Hashimi, a chemical engineer, defies gender stereotypes by skillfully navigating the...
Zacks Investment Research has reportedly lowered its estimates for Century Aluminium’s Q3 2023 earnings per share (EPS) in a research report issued to clients and investors. According to M. Agarwal, a research analyst at Zacks, projects that Century will post earnings of $0.09 per share for the...
LME aluminium opened at US$2,155 per tonne on Friday, with its high and low at US$2,178.5 per tonne and US$2,147 per tonne, respectively, before closing at US$2,151 per tonne, a decrease of US$6.50 per tonne or 0.30 per cent from the previous trading day. On August Friday 25, both LME aluminium...
The primary aluminium sector has been busy with various crucial activities last week. As the world moves toward a sustainable, carbon-free future, energy-intensive industries must turn their production lines greener to achieve Net Zero. The Chalco Qinghai Branch was among the top Ten Chinese...
Vedanta's Chairman Anil Agarwal has declared that Vedanta's board is thinking of demerging and separately listing some or most of its businesses, like iron & steel, oil & gas and aluminium, to unbolt shareholders' incentives. The parent company, Vedanta Resources, based in London, will prevail as a...
On August 25, 2023, three sources directly engaged in quarterly pricing discussions revealed that a worldwide aluminium manufacturer has proposed a premium of $120 per tonne to Japanese buyers for primary metal shipments scheduled for October to December, as reported by globally recognized news...
As the year's first half almost winds up, AL Circle feels excited to announce the launch of its latest panoramic report, Digital Transformation in the Aluminium Industry , which cites the major digital upgrades in the aluminium value chain and justifies its usage. The report features a...
The initial roster of Chinese enterprises awarded the "Green Electricity Aluminium Product Evaluation Certificate" and "Green Electricity Aluminium Procurement Certificate" was disclosed on July 4 th , 2023. Among the pioneers, Chalco Qinghai Branch secured its position as one of the premier ten...
The Shanghai Metals Market (SMM) on Friday, August 25, reported that China's A00 aluminium ingot price has gained RMB20 per tonne to score at RMB 18,830 per tonne, with the average prices standing between RMB 18,810 per tonne and RMB 18,850 per tonne. The spot contract price is expected to be...
LME aluminium opened at US$2,177 per tonne on Thursday, with its high and low at US$2,182.5 per tonne and US$2,154 per tonne, respectively, before closing at US$2,154.5 per tonne, a decrease of US$20.50 per tonne or 0.94 per cent from the previous trading day. On August 24, the LME aluminium live...
According to the International Aluminium Institute (IAI), total primary aluminium production in July 2022 was 5.889 million tonnes, which dropped by 28,000 tonnes or 0.47 per cent to officially close at 5.861 million in July 2023. On a global scale, the annual primary aluminium production in 2021...
Aluminium is the second most extensively used metal in contemporary society, after steel. Due to its varied features, it has experienced substantial growth in usage in recent decades in transportation, construction, packaging, and electrical engineering. For decades, the aluminium sector has had a...
South32, with its heterogeneous mining portfolio, has recorded a 20% revenue plunge in FY 2023 ending in June, with the company incurring a loss of $173 million preceded by a non-cash impairment of $1.3 billion for its Taylor deposit at the Hermosa project. The revenue for FY 2023 plummeted from...
China’s Beijing, Tianjin and the Hebei region has endured significant rains since July 29 due to typhoon "Dusuri." In this respect, the Prevention and Rescue Headquarters of Minmetals Nonferrous North China Aluminium Co., Ltd. (hereafter referred to as North China Aluminium) reacted fast, "a game...
LME aluminium opened at US$2,179 per tonne on Wednesday with its high and low at US$2,192.5 per tonne and US$2,171.5 per tonne respectively before closing at US$2,175 per tonne, a decrease of US$6 per tonne or 0.28 per cent from the previous trading day. On Wednesday, August 23, both LME aluminium...
According to a recent report, Citigroup Inc., an American multinational investment bank and financial services corporation, has bought about $160 million worth of Russian aluminium, produced at Rusal, from the London Metal Exchange. Russian-origin stocks in LME-registered warehouses have been...
