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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LME aluminium opened at US$2,132 per tonne on Thursday, with its high and low at US$2,186 per tonne and US$2,132 per tonne, respectively, before closing at US$2,146 per tonne, an increase of US$3 per tonne or 0.14 per cent from the previous trading day. On Thursday, August 17, both LME aluminium...
The Aluminium Federation (ALFED) will hold the first training sessions for its newest programme, the 'Aluminium Ambassador Programme'. The initiative, launched in collaboration with Bloodhound Education, will include an online (22 August) and in-person (11 September) session. The programme,...
The Indian domestic aluminium alloy ingot market remained stable, thanks to several factors such as range-bound scrap, correction in futures contracts by US$50 to US$70 per tonne, and price cuts by primary producers by up to INR 3,750 per tonne ex-works. SteelMint's assessment showed that prices of...
LME aluminium opened at US$2,142 per tonne on Wednesday, with its high and low at US$2,151.5 per tonne and US$2,130 per tonne, respectively, before closing at US$2,145.5 per tonne, an increase of US$3 per tonne or 0.19 per cent from the previous trading day. The London Metal Exchange , on August...
On Thursday, August 17, China’s A00 aluminium ingot price has gained RMB 50 per tonne to halt at RMB 18,640 per tonne, with the average prices ranging between RMB 18,620 per tonne and RMB 18,660 per tonne. The spot contract price is expected to be traded at a premium price of RMB 130 to RMB 170 per...
In a noteworthy development, Xinjiang's aluminium production capacity has surged to 6.18 million tonnes, making up 15 per cent of China's total output and ranking third nationally. Thanks to abundant coal and low-cost electricity, the region boasts an impressive operational rate of over 99 per...
Century Aluminum, the US-based primary aluminium producer and new owner of Jamalco, has experienced a gain of $103.3 million on acquiring the alumina refinery. At the end of April 2023, Century Aluminum signed an agreement with Noble Group Holdings Limited (Noble) to obtain 55 per cent of ownership...
LME aluminium opened at US$2,147 per tonne on Tuesday, with its high and low at US$2,171.5 per tonne and US$2,136.5 per tonne, respectively, before closing at US$2,141.5 per tonne, a decrease of US$4.5 per tonne or 0.21 per cent from the previous trading day. On Tuesday, August 15, both LME...
On August 16, the Shanghai Metals Market noticed a considerable price hike of RMB 120 per tonne, with the SMM A00 aluminium ingot price closing at RMB 18,590 per tonne. The average aluminium ingot prices have ranged between RMB 18,570 per tonne and RMB 18,610 per tonne. SMM A00 aluminium ingot...
Century Aluminium Company, the owner's primary aluminium capacity in the United States and Iceland, announced its second quarter 2023 results. The company's net sales for the second quarter ended June 30, 2023, increased by 4 per cent sequentially, primarily due to higher realized aluminium prices....
India is celebrating its 77th Independence Day, a journey of progress and unity. This commemoration marks the country's liberation from British colonial rule, signifying the triumph of freedom, harmony, and self-governance. And to commemorate this significant event, Vedanta Aluminium, one of...
LME aluminium opened at US$2,180 per tonne on Monday with its high and low at US$2,180 per tonne and US$2,143.5 per tonne respectively before closing at US$2146.5 per tonne, a decrease of US$29 per tonne or 1.33 per cent from the previous trading day. On August 14, the London Metal Exchange...
Aluminium Bahrain B.S.C. (Alba) has expanded its AA6060 alloy family by adding a new alloy '6060.HE', aiming to extend product offerings to extruder customers. Produced in a billet form, Alba's new alloy has a faster extrusion rate that improves process efficiency and productivity for its users....
On Tuesday, August 15, the A00 aluminium ingot price in China gained RMB 90 per tonne to settle at RMB 18,470 per tonne, with the average prices between RMB 18,450 per tonne and RMB 18,490 per tonne. The spot contract price is expected to be traded at a premium price of RMB 0 to RMB 40 per tonne....
China's domestic aluminium production for July 2023 surged to a staggering 3.568 million tonnes, registering an impressive 1.95 per cent year-on-year growth. This monumental achievement was underscored by the sector's average daily output, which escalated by over 3,000 tonnes month-on-month to a...
National Aluminium Company Limited (NALCO), a Schedule ‘A’ Navratna CPSE, reported last week that its quarterly profit for Q1 FY2023-24 recorded a 40 per cent fall, attributed to sluggish global aluminium prices and mediocre demand. NALCO said that it earned a consolidated profit of INR 3.34...
In early August, the Indian Institute of Technology Kharagpur inaugurated a programme on artificial intelligence (AI) to educate students about using technology in the manufacturing industry, including aluminium. The programme will be for three months, with classes only on weekends. Teachers from...
The Shanghai Metals Market on August 14 recorded a profound plunge of RMB 170 per tonne to rest at RMB 18,380 per tonne, with average aluminium ingot prices hovering between RMB 18,360 per tonne and RMB 18,400 per tonne. The SMM A00 aluminium ingot price historical data indicates there has been a...
