Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 24,150 per tonne, up RMB 110 or 0.46 per cent from yesterday's settlement price. It opened at RMB 24,120 per tonne during the day and fluctuated in the range of RMB 24,075-24,195 per tonne. Prices traded below MA5 (24,205.00) and...
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...
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LME aluminium opened at US$2,243.5 per tonne on Thursday, with its low and high at US$2,233.5 per tonne and US$2,292.5 per tonne respectively before closing at US$2,270 per tonne, up US$23 per tonne or 1.02 per cent. On June 1, Thursday, the LME aluminium cash bid price and the LME aluminium...
Rio Tinto, a well-known mining corporation in Australia, has recently announced a significant profit from its aluminium smelter located in Bluff. The holding company for Rio Tinto's 79% share in the smelter, Pacific Aluminium, has recorded an "underlying" profit of $122 million for the year ending...
On Wednesday, Alro, a Romanian aluminium producer, announced that it had signed a memorandum of understanding (MoU) with Azeraluminium, an aluminium firm in Azerbaijan, to discover routes to upgrade their technical and economic capabilities through mutual cooperation. The MoU unveils Alro will...
The Shanghai Metal Market has seen RMB 120 per tonne augmentation in the aluminium spot price, stopping at RMB 18,400 per tonne today, June 1. The average aluminium price trends are between RMB 18,380 per tonne and RMB 18,420 per tonne. The premium prices have ranged around RMB 60 or 20 per tonne....
LME aluminium opened at US$2,227.5 per tonne on Wednesday, with its low and high at US$2,201 per tonne and US$2,249 per tonne, respectively, before closing at US$2,247 per tonne, up US$19 per tonne or 0.85 per cent. On Wednesday, May 31, both LME aluminium cash bid price and LME aluminium official...
At the beginning of the last week, aluminium prices of Indian giants like Hindalco and Vedanta trended downwards in line with the LME aluminium price drop but increased later as the global benchmark price speared up. On Tuesday, May 23, Hindalco cut its aluminium ingot and aluminium products prices...
On Wednesday, May 31, China’s A00 aluminium ingot price has dropped by RMB 70 per tonne to close at RMB 18,280 per tonne, with the average prices estimated to range between RMB 18,260 per tonne and RMB 18,300 per tonne. The spot contract price is expected to be traded at a premium price of RMB 40...
LME aluminium closed at US$2,228 per tonne, a drop of US$7.5 per tonne or 0.67 per cent. On May 30, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price halted at US$2,229.50 per tonne and US$2,230 per tonne, diving US$11.50 per tonne or 0.51 per cent and US$12...
Except for nickel, all non-ferrous metals prices on the London Metal Exchange (LME) have registered growth. Aluminium futures gained 0.3 per cent to $2,237 per tonne, while lead futures increased by 0.2 per cent to $2,078 per tonne. Copper prices increased by 2.2% to $8,135/t. Zinc prices, on the...
EGA or Emirates Global Aluminium, which is the biggest industrial company in the United Arab Emirates, aside from oil and gas, recently announced that it would be introducing the SafeStart programme to the region. This behavioural safety programme aims to help the company achieve its goal of zero...
On Monday, May 29, Aluminium Bahrain B.S.C. (Alba) announced that it secured ISO 18788:2015 Certification, which represents its high-end Quality Management System. The world’s largest aluminium smelter outside China takes immense pride in becoming the first industrial company in Bahrain to have...
On Tuesday, May 30, the SHFE aluminium has lost US$5 per tonne or 0.19 per cent to close at US$2,575 per tonne. The most-traded SHFE 2307 aluminium contract opened at RMB 18,055 per tonne overnight, with its low and high at RMB 17,885 per tonne and RMB 18,065 per tonne before closing at RMB 18,070...
The Shanghai Metal Market has recorded a decline of RMB 10 per tonne in the aluminium spot price, finally settling down at RMB 18,350 per tonne today, May 30. The average aluminium price trends are between RMB 18,330 per tonne and RMB 18,370 per tonne. The premium prices have hovered around RMB 110...
The Team AL Circle is deeply saddened by the demise of Mr Bhavani Shankar Pani, a member of Utkal Chamber of Commerce (UCC), and former DGM (Technical) of NALCO. He breathed his last on Saturday, at 11:20 PM, at HCG Oncology Hospital in Bengaluru. Mr Pani, an aluminium expert, lived all his life...
LME aluminium opened at US$2,219 per tonne last Friday, with its low and high at US$2,209 per tonne and US$2,265 per tonne, respectively, before closing at US$2,243 per tonne, up US$29 per tonne or 1.31 per cent. On May 26, Friday, the LME aluminium cash bid price and the LME aluminium official...
Aluminium Bahrain (Alba), the world's biggest aluminium smelter outside of China, signed a deal with Bahrain's Electricity and Water Authority (EWA) for operation and maintenance. As part of this agreement, both parties undertake to exchange energy on an annual and seasonal basis to boost power...
Hydro has announced that existing shareholders of Alumetal can now submit subscriptions for selling their shares in a tender offer relaunched by Hydro, a Norway-based global aluminium and energy group. Subscriptions submission is open till June 30, 2023. As per the report, Hydro is offering PLN...
The latest data from the International Aluminium Institute showed primary aluminium production in Africa recorded a fall of 3,000 tonnes or 2.29 per cent month-on-month during April 2023, coming in at 128,000 tonnes. In March 2023, Africa’s output stood at 131,000 tonnes , up by 8,000 tonnes or...
