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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Aluminium prices experienced a slight decline of 0.05 per cent yesterday, settling at US$202.15 per tonne due to heightened supply in Yunnan. This development may lead to a gradual emergence of supply pressure. The northern region faced floods and other factors during the week, resulting in fewer...
According to the SMM aluminium live price chart today, China’s aluminium ingot price has shed RMB 10 per tonne to rest at RMB 18,480 per tonne, with the average prices ranging between RMB 18,460 per tonne and RMB 18,500 per tonne. If we consider July 27, the aluminium ingot price was RMB 18,490 per...
LME aluminium opened at US$2,213 per tonne on Thursday, with its high and low at US$2,233 per tonne and US$2,197 per tonne, respectively, before closing at US$2,232.5 per tonne, an increase of US$22 per tonne or 1.02 per cent. On Monday, August 7, both LME aluminium cash bid price and LME aluminium...
The "Innovation X Scientific Flight" programme, a new paradigm for low-cost space research and new technology investigations, was announced jointly by the Chinese Academy of Sciences' Innovation Academy of Microsatellite (IAMC) and Zhongke Aerospace Exploration Technology Company. According to...
The Shanghai Metal Market (SMM), today, on August 7, has marked a drop of RMB 40 per tonne to settle at RMB 18,490 per tonne. On M-o-M calculation, a hike of RMB 280 per tonne was witnessed from RMB 18,210 per tonne on July 7. As of today, the average prices are expected to stand between RMB 18,470...
LME aluminium opened at US$2,224 per tonne last Friday, with its high and low at US$2,224 per tonne and US$2,205 per tonne respectively before closing at US$2,239 per tonne, an increase of US$15 per tonne or 0.7 per cent from the previous trading day. On August 4, London Metal Exchange reported...
The primary aluminium segment has recorded some of the most interesting quips last week, with John Slaven being appointed by Vedanta Ltd as the Chief Executive Officer for its Aluminium Business. Slaven will begin his tenure in the company from October 3 this year and will remain in chair for the...
On August 4, 2023, the Indian multinational mining and metal company Vedanta Ltd. announced through an exchange filing that it appointed John Slaven as the Chief Executive Officer for its Aluminium Business. Vedanta stated that the Board of Directors approved the appointment during a meeting held...
LME aluminium opened at US$2,213 per tonne on Thursday, August 3, with high and low at US$2,233 per tonne and US$2,197 per tonne, respectively, before closing at US$2,232.5 per tonne, up by US$22 per tonne or 1.02 per cent. The LME aluminium price chart shows a continued downfall in closing prices,...
The 'Gulf Aluminum Dinner', organized by the Gulf Aluminium Council, is scheduled for November 1st, 2023, in Le Royal Meridien Beach Resort Dubai, UAE. This yearly event offers a unique platform to delve deeper into the evolving trends of the aluminium industry in the Gulf region, with a particular...
Aurora50, the UAE-based training and development company dedicated to creating thriving, inclusive workplaces, has announced the launch of NOORA, a new membership community to support ambitious corporate women, from first-time managers to leaders of leaders, in collaboration with Abu Dhabi National...
The global aluminium industry is sensitive to economic conditions, trade disputes, and supply-demand dynamics. In the seventh month of 2023, there was a noticeable increase in the price of aluminium on both the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). On the LME, the...
LME aluminium opened at US$2,252.5 per tonne on Wednesday, with its high and low at US$2,257 per tonne and US$2,203 per tonne, respectively, before closing at US$2,210 per tonne, a decrease of US$43 per tonne or 1.91 per cent. LME aluminium closing prices curve has been on the downward slope, with...
On Thursday, August 3, China’s A00 aluminium ingot price dropped by RMB 90 per tonne to close at RMB 18,450 per tonne, with the average prices between RMB 18,430 per tonne and RMB 18,470 per tonne. The spot contract prices are expected to be traded at a discount price of RMB 60 to RMB 20 per tonne....
In May 2023, the United States' primary aluminium production stood at 65,000 tonnes, reflecting a month-on-month increase of 2,000 tonnes or 3.17 per cent from 63,000 tonnes, found the US Census Bureau data. The data also indicated that the monthly output recovered from the loss of 3 per cent...
Japanese buyers have reportedly agreed to the premium of $127.50 per tonne for aluminium shipments for the third quarter of 2023, close to $125-130 per tonne range in the previous quarter ended June 30. The premium remains restrained for the September quarter due to ample stocks and sluggish...
LME aluminium opened at US$2,204.5 per tonne on Tuesday, with its high and low at US$2,286 per tonne and US$2,244 per tonne, respectively, before closing at US$2,253 per tonne, a decrease of US$34 per tonne, or 1.49 per cent, from Monday. On Tuesday, August 1, both LME aluminium cash bid price and...
Technology company El-Watch has signed the biggest contract in its history and notes that IoT sensors are in demand as never before. The record order was placed by the Hydro Karmøy technology pilot, which will now roll out the use of the wireless sensors on a major scale in its production. This...
