Vedanta’s share price fell in early trading on the NSE as the Indian stock market declined and rising crude oil prices increased concerns about higher costs for metal companies. The stock opened at INR 431.25 (USD 4.50), down from its previous close, and fell to an intraday low of INR 419.50 (USD...
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...
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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...
LME aluminium opened at US$2,230 per tonne on Wednesday, with its low and high at US$2,230.5 per tonne and US$2,262.5 per tonne, respectively, before closing at US$2,254 per tonne, a rise of US$22 per tonne or 0.99 per cent. On Wednesday, June 14, both LME aluminium cash bid price and LME aluminium...
On June 13, 2023, an international media house reported that Chinese experts attached to the situation of the aluminium industry in China's southwestern Yunnan province revealed energy supply to aluminium smelters would be increased later this month, enabling a portion of the capacity in the...
On June 13, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price closed at US$2,193 per tonne and US$2,193.50 per tonne, decreasing by US$27.50 per tonne or 1.24 per cent each, if compared with the aluminium price chart of Friday, June 9. It jumped by US$5.50...
On Wednesday, June 14, China’s A00 aluminium ingot price has expanded by RMB 180 per tonne to settle at RMB 18,580 per tonne. As the balance sheets of the companies are showing improvement due to economic recovery in China, companies are showing interest in purchasing aluminium stocks. Also, with...
Domestic primary aluminium production in the United States during March 2023 stood at 65,000 tonnes, registering an increase of 6,000 tonnes or 10.17 per cent month-on-month from 59,000 tonnes, found the US Census Bureau survey. But on a year-on-year basis, the March output edged a sharp fall of...
International Conference on Non-ferrous Metals (ICNFM) is an annual event organised to bring non-ferrous metals experts and researchers under one roof to enable them to share industry-specific knowledge and the latest developments. This year, ICNFM - 2023 is scheduled on July 7-8 at Hotel Chanakya...
According to a report on Monday, June 12, Rio Tinto will expand its state-of-the-art AP60 aluminium smelter at Complexe Jonquière in Canada with an investment of $1.1 billion (CAN$1.4 billion). This expansion will offset the closure of potrooms at the Arvida smelter on the same site and...
Aluminium production in China stood at 3.472 million tonnes in May 2023 (31 calendar days), reflecting year-on-year growth of 1.08 per cent, found the Shanghai Metals Market survey. China’s total output from January to May totalled 16.742 million tonnes, a year-on-year increase of 3.36 per cent....
Aluminium Bahrain (Alba), the world's biggest aluminium smelter outside of China, was named the 'Metals & Mining Deal of the Year' at the Bonds, Loans & Sukuk Middle East Awards 2023. Alba was represented at the Awards event by its Senior Head of Treasury, Ali Al Hanan, who accepted the prize on...
Century Aluminum Company announced last week that the stockholders voted Tamla Olivier as a seventh director to the board, with a term expiring in 2024. Ms Olivier is presently associated with Pepco Holdings, part of the Exelon family of companies, as a Chief Operating Officer. She has been working...
LME aluminium opened at US$2,261 per tonne last Friday, with its low and high at US$2249 per tonne and US$2,284.5 per tonne respectively before closing at US$2,262 per tonne, a drop of US$1.5 per tonne or 0.07 per cent. On June 9, Friday, the LME aluminium cash bid price and the LME aluminium...
Hydro Energi AS has entered into a long-term agreement with Statkraft, Europe’s largest renewable energy generator, to secure 0.44 TWh of power per year for its Norwegian aluminium plants from 2024 to 2038. The deal ensures a total supply of 6.6 TWh of renewable energy to Hydro’s plants over 15...
Following the latest aluminium industry updates, it has come to our attention that two esteemed Chinese corporations, namely China Machinery Engineering Corporation (CMEC) and Global Advanced Manufacturing Institute (GAMI), have pledged to participate in the renovation and reconstruction of (Talco)...
The Shanghai Metal Market has escalated by RMB 130 per tonne in the aluminium spot price, officially stopping at RMB 18,650 per tonne today, June 9. The average aluminium price trends are between RMB 18,630 per tonne and RMB 18,670 per tonne. The premium and discount prices have hovered around RMB...
LME aluminium opened at US$2,211.5 per tonne on Thursday, with its low at US$2,211 per tonne before closing at US$2,263.5 per tonne, up US$50.5 per tonne or 2.28 per cent. On Thursday, June 8, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$19 per tonne or...
India is seeking aluminium and steel tariffs exemption from the US imposed by former President Donald Trump and removal of retaliatory duties, said two Indian government officials and one industry source familiar with the matter. They also said India is currently in negotiation with the US, and...
