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
LME aluminium opened at US$2,197 per tonne last Friday, with its high and low at US$2,206 per tonne and US$2,166 per tonne, respectively, before closing at US$2,178.5 per tonne, a decrease of US$25.5 per tonne or 1.16 per cent from the previous trading day. On Friday, August 11, the London Metal...
The primary aluminium sector was quite busy last week, with unstable production all around the globe. Aluminium producer Alro's H1 2023 revenue fell to 1.55 billion RON due to lower prices and the ALUM refinery's temporary closure. The company also recorded a net loss of 164 million RON, compared...
The Russian aluminium giant and global leader in low-carbon aluminium production, Rusal, recently unveiled its interim results for H1 2023. Amid a complex economic backdrop, the company's performance, market insights, and strategic direction come to the forefront. Rusal operates through four...
LME aluminium opened at US$2,197 per tonne on Thursday, with its high and low at US$2,220.5 per tonne and US$2,195.5 per tonne, respectively, before closing at US$2,203.5 per tonne, an increase of US$6.5 per tonne or 0.3 per cent from the previous trading day. London Metal Exchange on August 10...
On Friday, August 11, the A00 aluminium ingot price in China has grown by RMB 10 per tonne to close at RMB 18,550 per tonne, with the spot contract prices expected to be traded at a discount price of RMB 40 to a premium price of RMB 0 per tonne. As per the data, the average prices are expected to...
According to a report on Thursday, August 10, Russian aluminium stocks have posted an 81 per cent growth on the London Metal Exchange-approved warehouses for July 2023 compared to an 80 per cent increase in June. At the end of July 2023, Norsk Hydro wrote a letter to the London Metal Exchange to...
The aluminium industry has witnessed a technological evolution in the past decade, with big players altering their production methods to include automation, the Internet of Things (IoT) and Artificial Intelligence (AI). After the Paris Environmental Pact of 2015, where the world vouched to be more...
Adopting digital solutions by manufacturing industries to enhance production and operational processes is no longer an unconventional practice. From the textile industry to metallurgy, none is indifferent to digitalisation and its benefits. The aluminium industry is no exception to this trend and...
Glencore, a powerhouse among globally diversified natural resource companies, has long been dominant in the commodities market. Its operations span both industrial and marketing domains, with a responsible commitment to providing the essential commodities that form the foundation of life's...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter outside China, has announced its Q2 results for 2023, disclosing 405,628 tonnes of production, up by 9,085 tonnes from Q2 2022. Sales volume grew by 3,816 tonnes to stand at 392,258 tonnes. Value-added products accounted for 70...
The Romanian aluminium producer Alro, a prominent vertically integrated aluminium producer in Europe, has released its combined and individual financial outcomes for H1 2023, concluding on June 30th. During this period, the collective revenue of the organization declined to 1.55 billion RON, as...
LME aluminium opened at US$2,204 per tonne on Wednesday, with its high and low at US$2,222 per tonne and US$2,193.5 per tonne, respectively, before closing at US$2,197.5 per tonne, a decrease of US$6.5 per tonne or 0.3 per cent from the previous trading day. On Wednesday, August 9, both LME...
According to the Shanghai Metals Market data, China’s primary aluminium imports reached 89,400 tonnes in June 2023, registering an increase of 20.7 per cent month-on-month and a surge of 213.6 per cent over a year. The primary aluminium exports in June totalled 32,900 tonnes - 187 per cent more...
Emirates Global Aluminium, a prominent industrial organisation in the United Arab Emirates, has recently announced its successful expansion of the Kenzen wearable technology platform. This revolutionising technology has been made available to 350 employee volunteers as part of EGA's 'Beat the Heat'...
The Brazilian integrated aluminium company Companhia Brasileira de Alumínio (CBA) operates in an integrated manner, from mining to the final product has adjusted its capital expenditure (capex) program's timeline due to a progressively demanding price environment. In its Q2 financial results, CBA...
On Wednesday, August 9, SMM aluminium reported that China’s A00 aluminium ingot price has dipped by RMB 10 per tonne to close at RMB 18,470 per tonne, with the spot contract prices expected to be traded at a discount price of RMB 30 per tonne to a premium price of RMB 10 per tonne. The average...
LME aluminium opened at US$2,230 per tonne on Tuesday, with its high and low at US$2,233 per tonne and US$2,198 per tonne respectively before closing at US$2,198 per tonne, a decrease of US$32 per tonne or 1.4 per cent from the previous trading day. The London Metal Exchange , on August 8,...
According to the Shanghai Metals Market data, social inventories of aluminium ingot totalled 525,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, as of Thursday, August 3. On a week-on-week basis, the inventories dropped by 11,000 tonnes, and on an annual basis,...
