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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According to some recent reports, the world's second-largest economy, China's investments in metals and mining in foreign countries, may attain an all-time high in 2023. The nation is making significant efforts to secure valuable resources to protect its status as the leading manufacturer of the...
We are delighted to announce the much-anticipated 11 th International Bauxite, Alumina & Aluminium Conference 2023, bringing together industry leaders, experts, and enthusiasts from around the world. This Aluminium Conference and Exhibition is being organized in Nagpur, India, during December 7-9,...
LME aluminium opened at US$2,225 per tonne on Monday, with its high and low at US$2,289 per tonne and US$2,223.50 per tonne, respectively, before closing at US$2,287 per tonne, an increase of US$60 per tonne or 2.69 per cent. As per the LME aluminium price analysis , on July 31, the LME aluminium...
The aluminium industry is brimming with opportunities due to its versatility and widespread applications across various sectors. With increasing demands for lightweight and sustainable materials in the automotive, aerospace, construction, and packaging industries, aluminium offers immense growth...
On Monday, July 31, the A00 aluminium ingot price in China gained RMB 30 per tonne, settling at RMB 18,380 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 per tonne to a premium price of RMB 20 per tonne, with average prices between RMB 18,360 per tonne and...
LME aluminium opened at US$2,204.5 per tonne on Friday, with its high and low at US$2,229 per tonne and $2,195 per tonne, respectively, before closing at US$2,227 per tonne, an increase of US$18 per tonne, or 0.81 per cent, from Thursday. On Friday, July 28, both LME aluminium cash bid price and...
Aluminium Bahrain embraced digital transformation by using Virtual Reality (VR) technology into five key areas for its internal training courses. The effort was undertaken in conjunction with Atyaf eSolutions, and the signing ceremony took place on July 12, 2023. On July 27, 2023, Vice President...
Federation of Aluminium Consumers In Europe, BWA - German Federal Association For Economic Development And Foreign Trade, AMAFOND - Italian - Foundry Suppliers’ Association, ASSOFERMET - National Association Of Steels, Metals, Scrap, Hardware and ASSOFOND - Italian Foundry Association have written...
In St. Petersburg, Russia, on July 27, 2023, Vice President Kashim Shettima reaffirmed Nigeria's unwavering commitment to reviving the Aluminium Smelter Company of Nigeria. He emphasized the importance of actively engaging with key stakeholders in the industry to achieve this goal. Shettima made...
The London Metal Exchange (LME), the global hub for trading industrial metals and where the vast majority of non-ferrous metal futures business takes place, is once again confronted with demands to exclude Russian aluminium from its warehouse system. The Norwegian aluminium giant is urging the...
In 2023, China experienced a considerable rise in its dependence on imported aluminium as the domestic metal supply decreased. This shift is seen as a strategic response to counterbalance the below-average output from domestic production. Recent customs data discloses that China witnessed a...
LME aluminium opened at US$2,215 per tonne on Thursday, with its high and low at US$2,244.5 per tonne and US$2,196.5 per tonne, respectively, before closing at US$2,209 per tonne, an increase of US$1 per tonne, or 0.05 per cent. On Thursday, July 27, both the LME aluminium cash bid price and LME...
According to the SMM data, on Thursday, July 27, China's A00 aluminium ingot price surged by US$140 per tonne to close at 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, and the average prices are expected to stand between RMB...
LME aluminium opened at US$2,238 per tonne on Wednesday, with its high and low at US$2,240 per tonne and US$2,206 per tonne, respectively, before closing at US$2,208 per tonne, a decrease of US$28.5 per tonne or 1.27 per cent. On Wednesday, July 26, both LME aluminium cash bid price and LME...
On July 25, 2023, LME Clear announced the appointment of Michael Carty as Chief Executive Officer and LME Clear Board Director, effective October 2, 2023. As stated by the LME, Michael brings extensive knowledge and experience in financial infrastructure and technology. He joins LME Clear from...
According to the International Aluminium Institute data, primary aluminium production in Africa during the second quarter of 2023 totalled 397,000 tonnes, up by 5,000 tonnes or 1.28 per cent from 392,000 tonnes in Q1. But the daily average output in Q2 remained restrained sequentially at 13,100...
Three-month LME aluminium opened at US$2,205.50 per tonne on Tuesday, with its high and low at US$2,246.50 per tonne and US$2,204 per tonne, respectively, before closing at US$ 2236.50 per tonne, an increase of US$29 per tonne or 1.31 per cent. On Tuesday, July 25, LME aluminium cash bid price and...
On Monday, July 26, China's A00 aluminium ingot price extended its growth for the fifth consecutive day. As per SMM, the price has gained RMB 10 per tonne to close at RMB 18,350 per tonne, with the spot contract price expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The...
