China's aluminium production reached a record high in August as strong margins encouraged smelters to maximise output, bringing the world's largest aluminium producer closer to its longstanding national capacity ceiling. Primary aluminium output rose 4.7 per cent year on year to 3.98 million tonnes...
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...
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Aluminium prices offered by Vedanta and Hindalco have shown a fluctuating trend this week from June 26-30. Vedanta aluminium ingot price started the week on Tuesday, June 27, at INR 203,000-227,000 tonnes, reflecting a drop of about 0.80 per cent from INR 204,750-228,750 per tonne on June 24. The...
According to the statistics provided by International Aluminium Institute (IAI), Western and Central Europe produced almost 229,000 tonnes of primary aluminium in May 2023, up 5,000 tonnes from 224,000 tonnes generated in April 2023. This indicates a Month-on-Month increase of 2.18 per cent....
On June 29, Thursday, the LME aluminium cash bid price and the LME aluminium official settlement price anchored at US$2,105 per tonne and US$2,105.50 per tonne, experiencing a uniform drop of US$36 per tonne or 1.68 per cent. One month ago, on May 30, the LME aluminium spot price was US$2,230 per...
On Friday, June 30, China’s A00 aluminium ingot price closed the week with a fall of RMB 10 per tonne to close at RMB 18,540 per tonne, with the spot contract price expected to be traded at a premium price of RMB 250 per tonne to RMB 290 per tonne. The average prices are expected to orbit between...
LME aluminium opened at US$2,192 per tonne on Wednesday, with its low and high at US$2,163 per tonne and US$2,212 per tonne, respectively, before closing at US$2,176.5 per tonne, a drop of US$16 per tonne or 0.73 per cent. On Wednesday, June 28, both LME aluminium cash bid price and LME aluminium...
According to the International Aluminium Institute, primary aluminium production in Russia & Eastern Europe stood at 340,000 tonnes during May 2023 compared to 329,000 tonnes in April. Thus, on a month-on-month calculation, Russia & Eastern Europe’s primary aluminium output recorded an increase of...
According to Shanghai Metal Market, the aluminium spot price in China has gone up the graph by RMB 70 per tonne, officially closing at RMB 18,570 per tonne today, June 28. The average aluminium price trends are between RMB 18,550 per tonne and RMB 18,590 per tonne. Aluminium prices rose by 1.41% to...
On June 27, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price settled at US$2,151 per tonne and US$2,151.50 per tonne, with a similar spike of US$35.50 per tonne or 1.68 per cent. The 3-month bid price ascended by US$37 per tonne or 1.72 per cent to rest at...
Vedanta Aluminium, India's largest aluminium producer, has won an award as the highest exporter of containerised cargo in Twenty-foot Equivalent Units (TEUs) for 2022-23. The recognition is received from Haldia Dock Complex by the Shyama Prasad Mookerjee Port, formerly known as Kolkata Port Trust....
The Shanghai Metal Market’s aluminium spot price has gained RMB 30 per tonne loss, officially stopping at RMB 18,500 per tonne today, June 27. The average aluminium price trends are between RMB 18,480 per tonne and RMB 18,520 per tonne. On June 20, one week ago, the SMM aluminium spot price was RMB...
On Monday, June 26, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$16.5 per tonne or 0.77 per cent to settle at US$2,115.50 per tonne and US$2,116 per tonne. The 3-month bid price and 3-month offer price slipped by US$20 per tonne or 0.91 per cent to...
In May 2023, China’s unwrought aluminium alloy imports stood at 82,800 tonnes, indicating a downfall of 27.7 per cent year-on-year and 11.6 per cent month-on-month, found China customs data. From January to May 2023, China’s imports totalled 443,500 tonnes, up by 19.3 per cent from the same period...
According to the International Aluminium Institute (IAI) data, primary aluminium production in Africa totalled 656,000 tonnes from January to May 2023. A year ago, the output was 667,000 tonnes, meaning primary aluminium production in the first five months of 2023 fell by 1.65 per cent Y-o-Y. In...
The use of aluminium is growing critical and widespread across a vast number of manufacturing sectors, so much so that the European Union countries, led by France and Germany, are prescribing to classify the metal as a ‘strategic raw material’. By doing this, the EU countries expect to get faster...
As per the announcement by the French government, EDF, a power company completely acquired by the French state and taken off the stock market, has inked a 10-year agreement with Trimet France, an aluminium giant . The terms of the contract specify that EDF will supply a substantial amount of power,...
LME aluminium opened at US$2,208.5 per tonne last Friday, with its low and high at US$2,163.5 per tonne and US$2,209 per tonne respectively before closing at US$2,178 per tonne, a drop of US$23.5 per tonne or 1.07 per cent. On June 23, Friday, the LME aluminium cash bid price and the LME aluminium...
On Monday, June 26, the A00 aluminium ingot price in China opened the week after the Dragon Boat Festival with a downfall of RMB 360 per tonne or 1.91 per cent to peg at RMB 18,470 per tonne. However, on M-o-M calculation , a surge of RMB 310 per tonne was recorded from RMB 18,160 per tonne on May...
Aluminium is crucial in numerous technologies essential for facilitating the energy transition. However, it also contributes significantly to CO 2 emissions, accounting for approximately 3 per cent of the world's direct industrial CO 2 emissions, which amounted to 9.4 Gt in 2021, as reported by the...
