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 Wednesday, July 19, the LME aluminium cash bid price stopped at US$2,141.50 per tonne, shrinking by US$27 per tonne or 1.24 per cent, and LME official settlement price settled at US$2,142 per tonne, with a fall of US$27.50 per tonne or 1.27 per cent. The LME benchmark price on July 12 was...
Emirates Global Aluminium (EGA), the world's largest 'premium aluminium' producer, revealed that the Engineer the Future project touched over 6,700 high school students during the 2022-2023 academic year. It is an interactive learning activity aimed to engage students in grades 9 to 12 and a chance...
The Volta Aluminium Company (VALCO) revealed that it requires US$600 million in cash to modernise its operations. The struggling state-owned company desperately needs more funding to upgrade its ageing gear and expand the smelter to more than 7.5 times its present installed output capacity. The...
On July 18, Marubeni Corporation reported that aluminium stocks at three major Japanese ports were up by nearly 1 per cent to 357,490 tonnes by end-June, from 354,000 tonnes month-on-month. Marubeni gathers data from the ports of Yokohama, Nagoya, and Osaka, which are considered paramount for...
On Wednesday, July 19, Rio Tinto announced its second quarter’s operational results ended June 30, highlighting a 4 per cent increase in aluminium production Q-o-Q and an 11 per cent rise Y-o-Y to 814,000 tonnes, benefitted from the continued ramp-up of the Kitimat smelter. Rio’s Boyne and Kitimat...
The Shanghai Metal Market, today, on July 19, notified that China’s aluminium ingot price has deflected RMB 100 per tonne downwards to officially settle at RMB 18,270 per tonne, with average prices circling between RMB 18,250 per tonne and RMB 18,290 per tonne. The SMM aluminium price today is...
LME aluminium opened at US$2255 per tonne Tuesday, with low and high at US$2201 per tonne and US$2262 per tonne before closing down 2.28 per cent at US$2205.5 per tonne. On Tuesday, July 18, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$25.5 per tonne...
China’s aluminium imports, including unwrought aluminium and products, increased 10.7 per cent from the previous year, reaching 1.2 million tonnes during the first half of 2023 ended June 30. According to China customs data, the country imported 211,235 tonnes of aluminium in June – 10.19 per cent...
India is planning to build an industrial water transport corridor in the east. The plan, backed by Coal India, Paradip Port Authority (PPA) and the Inland Waterways Authority of India (IWAI), would cater to a major industrial cluster in India for the movement of finished products like aluminium,...
During the second quarter, a famed fund manager in China made strategic moves in his investment portfolio. He increased his stakes in China Hongqiao Group, the world's second-largest aluminium producer, and the short-video platform Kuaishou Technology. At the same time, he opted to reduce his...
On Tuesday, July 18, China’s A00 aluminium ingot price has grown by RMB 20 per tonne to close at RMB 18,370 per tonne. On a W-o-W calculation, a hike of RMB 120 per tonne was witnessed from RMB 18,250 per tonne recorded on July 12. As of today, the average prices are estimated to range between RMB...
The LME aluminium benchmark price movement slowed down since last Friday, registering a total fall of US$41 per tonne in two days. On Monday, July 17, both LME aluminium cash bid price and LME aluminium official settlement price declined drastically over the weekend by US$30.50 per tonne and US$30...
According to the National Bureau of Statistics (NBS), China’s primary aluminium production grew year-on-year in June 2023 as smelters resumed operations in southwestern Yunnan province after the ease of local power usage restrictions. As per the data released by NBS, China produced 3.46 million...
LME aluminium opened at US$2279 per tonne last Friday, with low and high at US$2263 per tonne and US$2292 per tonne before closing down 0.42 per cent at US$2273.5 per tonne. On Friday, July 14, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$11 per tonne...
According to the letter sent to members, European Aluminium, the voice of the European aluminium industry, has considered actively lobbying for European Union sanctions on Russian aluminium but would oppose explicitly targeting the Russian aluminium giant Rusal. The group drafted an internal...
According to our report from China's Yunnan province, the region has added 1 million tonnes of primary aluminium with the restart of four aluminium smelters. Out of which, Yunnan Aluminum Co. Ltd. is the most significant producer, with 600,000 tonnes added so far. Henan Shenhuo Coal & Power Co....
European aluminium manufacturers made concerns about a possible breach in the European Union's carbon border tax (CBAM), which might allow severely polluting exporters such as China and other Asian nations to avoid rules and inundate the union with cheap heavy metal emissions. The BlueGreen...
On Friday, July 14, A00 aluminium ingot price in China has expanded by RMB 70 per tonne to score at RMB 18,510 per tonne. The average prices are expected to orbit between RMB 18,490 per tonne and RMB 18,530 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110...
