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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According to our source, China's Shandong Nanshan wants to expand its new Indonesian alumina refinery site to a USD$6 billion aluminium smelting complex by 2028, making it one of the most significant foreign investments in the country. Shandong Nanshan is incorporated among many private Chinese...
The platform that offers to transform, decarbonize, and future-proof economies UAE Climate Tech brings together over 1,500 leaders from technology giants, major industries, finance, government, civil society, and the energy sector in Abu Dhabi. Technology has the ability to transform one of the...
LME aluminium opened at US$2,214 per tonne last Friday, with its low and high at US$2,203.5 per tonne and US$2,245 per tonne, respectively, before closing at US$2,244 per tonne, an increase of US$31 per tonne or 1.4 per cent. On May 12, Friday, the LME aluminium cash bid price stopped at US$2,230...
On Monday, May 15, China's A00 aluminium ingot price has hiked by RMB 140 per tonne to halt at RMB 17,940 per tonne. The average prices are expected to stand between RMB 18,010 per tonne and RMB 18,050 per tonne, with the spot contract price expected to be traded at a discount price of RMB 20 to a...
According to the Shanghai Metals Market, China’s social inventories of aluminium ingot further tumbled by 48,000 tonnes over a week across the eight major consumption areas, including SHFE warrants, to halt at 787,000 tonnes as of Thursday, May 11. We see the beginning of May to be sluggish, but...
Primary aluminium output in Russia and Eastern Europe reached 343,000 tonnes in March 2023, up 10.65% or 33,000 tonnes from 310,000 tonnes the previous month. According to Hong Leong Investment Bank (HLIB) Research, Press Metal should see a 26 per cent growth in quarter-on-quarter primary profits...
On May 12, Friday, French President Emmanuel Macron travelled to an aluminium factory in Dunkirk to showcase the region's industrial recovery and highlight France's growing economic relevance for foreign investments. This visit follows the announcement by Taiwanese industrial group Prologium that...
Storvik Group has been given many significant and central contracts by Alcoa Mosjen, the American aluminium giant Alcoa's subsidiary. The contracts are in connection with previously announced investments targeted at increasing production capacity at the Mosjen smelter. Storvik believes the contract...
The current aluminium price in China has halted at RMB 17,890 per tonne, with a steep fall of RMB 430 per tonne, as the Shanghai Metals Market reported on May 12, Friday. The average aluminium price trends are between RMB 17,870 per tonne and RMB 17,910 per tonne. The discount prices have ventured...
LME aluminium opened at US$2,275.5 per tonne on Thursday, with its high and low at US$2,282 per tonne and US$2,202 per tonne, respectively, before closing at US$2,213 per tonne, a drop of US$56.5 per tonne or 2.49 per cent. On Thursday, May 11, both LME aluminium cash bid price and LME aluminium...
LME aluminium opened at US$2,321 per tonne on Wednesday, with its high and low at US$2,325 per tonne and US$2,266 per tonne respectively before closing at US$2,269.5 per tonne, a drop of US$45.5 per tonne or 1.97 per cent. The rate of inflation in the US has decreased, and there are indications...
On Thursday, May 11, China’s A00 aluminium ingot price has decreased by RMB 70 per tonne to halt at RMB 18,320 per tonne. A W-o-W calculation recorded a slump of RMB 190 per tonne from RMB 18,510 per tonne. Today, the average prices are expected to stand between RMB 18,300 per tonne and RMB 18,340...
On Thursday, May 4, China’s aluminium billet social inventory closed at 157,700 tonnes, up by 15,600 tonnes from the previous week. The increase was primarily attributable to arrivals over the Labour Day vacation and inadequate pre-holiday stockpiling. Smelters have been selling an increasing...
Affin Hwang Capital, the Malaysian-based investment banking group, had reduced its aluminium price per megatonne projections for 2023 to 2025, citing worries about global growth deceleration and a slight oversupply in the aluminium market. The pricing assumptions suggested that aluminium prices may...
The planned renewable energy-sourced aluminium smelter of PT Adaro Minerals Indonesia Tbk (ADMR) in Green Industrial Park Indonesia, North Kalimantan, is anticipated to be functional in Q2 2025 with a total investment of US$2 billion. Totok Azhariyanto, the Director at Adaro Minerals, said, "...
In Russia & Eastern Europe, primary aluminium production during March 2023 stood at 343,000 tonnes, reflecting an increase of 10.65 per cent or 33,000 tonnes month-on-month from 310,000 tonnes. Russia & Eastern Europe witnessed a hike in March following M-o-M downfall of 9.88 per cent in the...
As per the Hong Leong Investment Bank (HLIB) Research, it has been forecasted that Press Metal might have a 26% increase in quarter-on-quarter primary earnings in 2023. The research also notifies that aluminium might have a bright future in mid or long-term conditions after it overcomes power cost,...
China’s A00 aluminium ingot price has increased by RMB 30 per tonne levitation in China, officially closing at RMB 18,390 per tonne, as the Shanghai Metals Market recorded on May 10, Wednesday. The average prices are expected to range between RMB 18,370 per tonne and RMB 18,410 per tonne, with spot...
