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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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...
LME aluminium opened at US$2,209 per tonne on Thursday, with its low and high at US$2,193 per tonne and US$2,239 per tonne, respectively, before closing at US$2,214 per tonne, up US$8 per tonne or 0.36 per cent. On Thursday, May 25, both LME aluminium cash bid price and LME aluminium official...
National Aluminium Company Limited, an integrated aluminium company under the Ministry of Mines, has announced its financial results for FY2022-23. The company posted a net profit of INR 495 crore for the March quarter compared to INR 256.32 crore in the December quarter. That reflected an increase...
As per Shanghai Metals Market, China’s social inventories of aluminium ingot kept shrinking week-on-week across the eight major consumption areas, including SHFE warrants, to halt at 657,000 tonnes as of Thursday, May 25. The aluminium inventories dropped 1,000 tonnes more than the previous week...
On May 25, aluminium billet inventory in China closed at 141,300 tonnes, dropping 20,700 tonnes W-o-W. This year, smelters increased their percentage of non-ingot production. After a period of building after the Labour Day vacation, aluminium billet inventory has begun to decline. After a period of...
Hindalco Industries Limited, one of India's biggest aluminium manufacturing companies belonging to the Aditya Birla Group, announced its fourth quarter and full-year results for the financial year 2022-23 ended March 31. The report indicated a 37.4 per cent year-on-year plunge in net profit to INR...
LME aluminium opened at US$2,225 per tonne on Wednesday, with its low and high at US$2,190 per tonne and US$2,236.5 per tonne, respectively, before closing at US$2,206 per tonne, a drop of US$13 per tonne or 0.63 per cent. There is uncertainty in the macroeconomic environment due to the failure of...
On Thursday, May 25, China's A00 aluminium ingot price has grown by RMB 20 per tonne to stand at RMB 18,110 per tonne. W-o-W, a decline of RMB 490 per tonne was registered from RMB 18,600 per tonne recorded last May 18. Today, the average prices are expected to range between RMB 18,090 per tonne...
According to the International Aluminium Institute, world primary aluminium production amounted to 5.628 million tonnes in April 2023, reflecting a fall of 3.18 per cent month-on-month from 5.813 million tonnes. The output in March recorded an increase of 10.03 per cent month-on-month from 5.283...
The Shanghai Metal Market has recorded a decline of RMB 270 per tonne in the aluminium spot price, finally settling down at RMB 18,090 per tonne today, May 24. The average aluminium price trends are between RMB 18,070 per tonne and RMB 18,110 per tonne. The premium prices have ranged around RMB 160...
Three-month LME aluminium opened at $2,266 per tonne on Tuesday, with its low and high at US$2,216per tonne and US$2,270 per tonne, respectively, before closing at US$2,220 per tonne, a drop of US$43.50 per tonne or 1.92 per cent. On Tuesday, May 23, the LME aluminium cash bid price extended its...
Emirates Global Aluminium, a leading industrial company in the UAE besides oil and gas, has signed a memorandum of understanding with BP. The purpose is to explore potential projects and opportunities that could decrease the carbon intensity of EGA's calcined petroleum coke supply. This non-binding...
LME aluminium opened at US$2,288 per tonne on Monday, with its low and high at US$2,249.5 per tonne and US$2,289.5 per tonne respectively before closing at US$2,263.5 per tonne, a drop of US$20.5 per tonne or 0.9 per cent. On May 22, Monday, the LME aluminium cash bid price closed at US$2,261 per...
On Tuesday, May 23, China's average alumina spot price has dipped by RMB 8 per tonne to stand at RMB 2,867 per tonne. The price in Shandong has fallen by RMB 10 per tonne to close at RMB 2,875 per tonne. As per the SMM data, the prices in Henan and Shanxi have dipped by RMB 10 per tonne to come in...
Aluminium Bahrain (Alba), the world's largest aluminium smelter ex-China, has entered into an operation and maintenance agreement with Bahrain's Electricity and Water Authority (EWA). As part of this agreement, both entities can exchange energy annually and seasonally to increase power efficiency...
LME aluminium opened at US$2,288 per tonne last Friday, with its low and high at US$2,284 per tonne and US$2,288 per tonne, respectively, before closing at US$2,286.5 per tonne, an increase of US$2.5 per tonne or 0.11 per cent. On Friday, May 19, both LME aluminium cash bid price and LME aluminium...
The Shanghai Metal Market has reported a descent of RMB 170 per tonne in the aluminium spot price, finally settling down at RMB 18,370 per tonne today, May 22. The average aluminium price trends are between RMB 18,350 per tonne and RMB 18,390 per tonne. The premium prices have ranged around RMB 170...
Uniprom has closed the last 12 electrolysis cells at KAP in Montenegro, ending 52 years of aluminium production. The plant will continue producing logs and alloys by importing metal. It has been reported that Shandong Nanshan of China plans to transform its Indonesian alumina refinery site into a...
