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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On August 23, China’s A00 aluminium ingot price gained RMB 170 per tonne to close at RMB 18,860 per tonne, with the average prices expected to range between RMB 18,840 per tonne and RMB 18,880 per tonne. The spot contract price may be traded at a premium price of RMB 130 to RMB 170 per tonne. The...
LME aluminium prices closed at US$2181 per tonne overnight, an increase of US$35.5 per tonne or 1.65 per cent. The London Metal Exchange on August 22 marked escalating aluminium prices, with the LME aluminium cash bid price and the LME aluminium official settlement price uniformly releasing US$53...
As per the data laid out by International Aluminium Institute (IAI), it can be witnessed that China had a massive haul of 38,837,000 tonnes of primary aluminium in 2021, which grew by 1,593,000 tonnes over a year to reach 40,430,000 tonnes in 2023. In Q1 2022, the total primary aluminium production...
According to data from the London Metal Exchange, inventories of aluminium in registered warehouses have increased to their highest level in over a month. This is due to the inflow of 38,725 tonnes into South Korea, presently stored at the Gwangyang port. As a result, the overall LME inventories...
Amid shifting market dynamics and a tempered macro outlook this year, Dongxing Aluminium has harnessed the power of proactive tactics. With its "three grasps and three promotions" strategy as a cornerstone, the company has focused on maximizing gains while minimizing costs. This dual-pronged...
The smart software developer tailored for the manufacturing industry and beyond, AVEVA, invites you to participate in the electrifying event AVEVA World in San Francisco - designed specifically for the industrial community. The event this year will return to the Moscone West Convention Center in...
Qingtongxia Aluminium Industry Co., Ltd, a subsidiary owned by Ningxia Energy Aluminium Co., Ltd. and recognized as a prominent state-owned enterprise within China's Nonferrous Metals Industry, has officially commenced its operational activities. This milestone signifies the transformation of...
LME aluminium opened at US$2,147 per tonne on Monday, with its high and low at US$2,150.5 per tonne and US$2,115 per tonne, respectively, before closing at US$2,145.5 per tonne, an increase of US$7 per tonne or 0.33 per cent from the previous trading day. On Monday, August 21, both LME aluminium...
On August 22, the Shanghai Metals Market showed escalating prices, with the SMM A00 aluminium ingot price closing at RMB 18,690 per tonne, with an influx of RMB 90 per tonne. The average aluminium ingot prices have ranged between RMB 18,670 per tonne and RMB 18,710 per tonne. The eight central...
On August 17, CITIC Resources announced the signing of a new electricity hedging agreement (the “2026 EHA”) with Alcoa’s Portland Aluminium smelter in Australia. This new deal will be active from 1 July 2026 till 30 June 2035, supplying almost 300 MW of electricity to Portland Aluminium smelter....
Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited (CIL), awaits government approval to invest INR 34,072 crore in an integrated Greenfield aluminium project in Odisha. The project will have a 2 million tonnes alumina refinery, a 0.5 million tonne aluminium smelter, and a 1,400...
According to China customs data, unwrought aluminium and products imports into China grew significantly by 20.1 per cent year-on-year to reach 231,452 tonnes in July 2023. Limited domestic stocks and expectations for robust demand in autumn drove the rise of China's aluminium imports. On a...
According to the Shanghai Metals Market, China's A00 aluminium ingot price has initiated the week on Monday, August 21, with an increase of RMB 80 per tonne to reach RMB 18,600 per tonne. The average prices are estimated to range between RMB 18,580 per tonne and RMB 18,620 per tonne, with a spot...
LME aluminium opened at US$2,144 per tonne last Friday, with its high and low at US$2,159 per tonne and US$2,135 per tonne, respectively, before closing at US$2,138 per tonne, a decrease of US$4.5 per tonne or 0.21 per cent from the previous trading day. On August 18, the London Metal Exchange...
This week the global primary aluminium segment saw releases of the quarterly results of Century Aluminium and NALCO. As per the data, the National Aluminium Company Limited (NALCO), a Schedule 'A' Navratna CPSE, revealed that its quarterly earnings for Q1 FY2023-24 fell 40 per cent due to low...
On August 16, China's trade ministry asked that the United States immediately ease tariffs on Chinese steel and aluminium imports. The ministry made the remarks in response to a World Trade Organisation (WTO) dispute resolution tribunal that found China placing higher taxes on select US products....
On Friday, August 18, Alcoa Corporation, the world’s eighth-largest aluminium producer, announced the renewal of the agreement with AGL Energy Limited (AGL) to source 300 megawatts of power for its Portland Aluminium Smelter in Victoria. The new agreement will be valid for nine years, effective...
The Shanghai Metals Market, on August 18, logged an RMB 120 per tonne crunch, with the SMM A00 aluminium ingot price closing at RMB 18,520 per tonne. The average aluminium ingot prices have ranged between RMB 18,500 per tonne and RMB 18,540 per tonne. China’s eight major provinces have all recorded...
