London Metal Exchange (LME) aluminium prices declined on September 15, with cash, three-month and longer-dated contracts all settling below their previous-session levels. LME warehouse stocks also recorded a small decline, while the Asian reference price and alumina Platts price moved higher. The...
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...
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The primary aluminium sector has been witnessing shallow activity for the past few months. With the augmented prices of energy, the entire aluminium industry is now in search of effective methods that can significantly reduce their carbon emissions. Shanghai is getting ready for the ever so...
In May 2023, world primary aluminium production stood at 5.851 million tonnes compared to 5.651 million tonnes in April 2023 and 5.818 million tonnes in May 2022, showed the International Aluminium Institute survey. Thus, on a month-on-month calculation, world primary aluminium output in May...
Fives is an international engineering group specialising in designing and supplying machines, process equipment, and production lines for the world's largest industrial groups like the aluminium, steel, glass, automotive, aerospace, logistics, cement, and energy sectors. The company inaugurated its...
On Thursday, June 22, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$33.5 per tonne or 1.55 per cent to settle at US$2,190 per tonne and US$2,190.50 per tonne. 3-month bid price and 3-month offer price were hiked by US$29 per tonne or 1.31 per cent to...
On June 21, Wednesday, the LME aluminium cash bid price and the LME aluminium official settlement price closed at US$2,156.50 per tonne and US$2,157 per tonne, moving down the aluminium price graph by US$27.50 per tonne or 1.26 per cent. The 3-month bid price shed US$22.50 per tonne or 1.01 per...
The data revealed by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) indicates a 2 per cent year-on-year decline in Iran’s aluminium ingot production during the first two months of the calendar year 1402 (March 21-May 21). The output dropped from 114,850 tonnes...
On Tuesday, June 20, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$10.5 per tonne or 0.47 per cent to halt at US$2,184 per tonne and US$2,184.50 per tonne. 3-month bid price and 3-month offer price slumped by US$17 per tonne or 0.75 per cent and US$16...
Aluminium China brings together high-quality resources from the aluminium industry and various end-use applications, domestically and internationally. It is one of the leading international exhibitions for the aluminium industry and is set to showcase the latest advancements, technologies, and...
On Monday, June 19, both the LME aluminium cash bid price and LME aluminium official settlement price shed US$29.50 per tonne or 1.33 per cent to halt at US$2,194.50 per tonne and US$2,195 per tonne, respectively. The aluminium spot price has slumped 4.56 per cent or US$105 per tonne month-on-month...
China's aluminium producers are eyeing Indonesia for setting up smelters like nickel manufacturers. Indonesia has shown interest in housing aluminium smelters as they have done with nickel. They want to stop exporting aluminium raw materials and working on getting foreign investors to build...
On Tuesday, June 20, China’s A00 aluminium ingot price has grown by RMB 70 per tonne to halt at RMB 18,850 per tonne. M-o-M, the A00 aluminium ingot price registered a surge of RMB 310 per tonne from RMB 18,540 per tonne recorded on June 19. One of the main reasons for the increment in the prices...
On Friday, June 16, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$28 per tonne or 1.27 per cent and US$27.5 per tonne or 1.25 per cent to stand at US$2,224 per tonne and US$2,224.50 per tonne. 3-month bid price and 3-month offer price expanded by US$33...
As per the aluminium price index displayed in the Shanghai Metal Market, the aluminium spot price has experienced an RMB 40 per tonne loss, officially stopping at RMB 18,780 per tonne today, June 19. The average aluminium price trends are between RMB 18,760 per tonne and RMB 18,800 per tonne....
The largest producer and consumer of aluminium, China’s customs data on June 18, 2023, revealed that aluminium imports in May inclined 1.8 per cent from the previous year. However, despite this, arrivals decreased from the last month due to sluggish industrial demand. According to the General...
Rio Tinto plans to spend $1.1 billion (CAN$1.4 billion) to expand its state-of-the-art AP60 aluminium smelter at Complexe Jonquière in Canada. This development will compensate for the closure of potrooms at the Arvida smelter in the same location and the loss of 170,000 tonnes of capacity. Besides...
NALCO’s Ex-Chairman & Managing Director, Dr Tapan Kumar Chand, has composed a book titled ‘Aluminium: The Future Metal’, which has been released on Friday, June 16, by the Union Mines Minister Narendra Singh Tomar in Indore. The book focuses on the entire value chain of aluminium, giving a complete...
LME aluminium opened at US$2,250.5 per tonne on Thursday, with its low and high at US$2,216 per tonne and US$2,254.5 per tonne, respectively, before closing at US$2,250 per tonne, a dip of US$4 per tonne or 0.18 per cent. On June 15, Thursday, the LME aluminium cash bid price and the LME aluminium...
According to the Shanghai Metal Market, the aluminium spot price has experienced an RMB 50 per tonne loss, officially stopping at RMB 18,530 per tonne today, June 15. The average aluminium price trends are between RMB 18,510 per tonne and RMB 18,550 per tonne. The A00 aluminium ingot price was RMB...
