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$2,327 per tonne on Tuesday, with its high and low at US$2,338.5 per tonne and US$2,293 per tonne, respectively, before closing at US$2,315 per tonne, a drop of US$3.5 per tonne or 0.15 per cent. On Tuesday, May 9, both LME aluminium cash bid price and LME aluminium...
According to the Shanghai Metals Market survey, China’s aluminium smelters operating rates in primary production hubs, including Shandong, Xinjiang, and Inner Mongolia, stood robust in March 2023. The amalgamated installed aluminium capacity in these three provinces was 20.65 million tonnes, nearly...
India’s aluminium scrap, finished and semi-finished products exports in March 2023 reflected month-on-year and year-on-year growth of 11 per cent and 15 per cent, respectively, to reach 213,960 tonnes. A month ago, India exported 193,214 tonnes of aluminium and a year earlier, the country shipped...
Century Aluminium, a US-based primary aluminium producer with smelters in Kentucky, South Carolina, and Iceland, announced its first quarter 2023 financial and operational results on Monday, May 8, 2023. The company released that its net sales increased by 4.25 per cent quarter-on-quarter from...
According to the Shanghai Metals Market (SMM), A00 aluminium ingot price in China has fallen by RMB 110 per tonne on Tuesday, April 9, to stand at RMB 18,360 per tonne. The spot contract prices are expected to be traded at a premium price of RMB 20 to RMB 60 per tonne, with the average prices...
According to a recent report, Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, welcomed Mr Ni Ruchi, the Ambassador of People’s Republic of China to the Kingdom of Bahrai, at Alba's premises on May 7, 2023. Alba’s Chief Executive...
Google, the world’s leader in the search engine, plans to transform the search on its platform. The new avatar of the search engine will be more “visual, snackable, personal and human”. As mentioned in a recent report by The Wall Street Journal, the technology /giant will transform how the search...
A00 aluminium ingot price has witnessed RMB 110 per tonne levitation in China, officially closing at RMB 18,470 per tonne, as the Shanghai Metals Market recorded on May 8, Monday. The average prices are expected to range between RMB 18,450 per tonne and RMB 18,490 per tonne, with spot contracts...
According to persons familiar with the issue, the government of India will likely begin informal negotiations with Vedanta about Balco's future stock market listing before making a solid recommendation to the aluminium company's board. The government of India still holds a 49 per cent stake in...
China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrant, recorded a fall of 18,000 tonnes week-on-week to stand at 835,000 tonnes as of Thursday, May 4, found the Shanghai Metals Market data. On a year-on-year calculation, aluminium ingot...
Norsk Hydro reported first-quarter results for 2023, which ended March 31, indicating a 4.11 per cent year-on-year increase in revenue from NOK 46,616 million to NOK 48,534 million, driven by a steady LME aluminium pricing that began the quarter at US$2,378 per tonne and concluded at US$2,413 per...
The sole producer of primary aluminium in the Argentine Republic, Aluar Aluminio Argentino, has engaged Bomchil to issue US$100 million worth of notes. Bomchil is a highbrow firm with considerable clout in the Argentine legal industry and beyond. Since its inception, it has tripled its aluminium...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has reportedly booked a profit of US$126.2 million (BD47.5 million) for the first quarter of 2023 ended March 31. The profit dwindled by 68 per cent year-on-year from US$390.4 million (BD146.8 million). The company’s...
Aluminij, the Bosnia-based aluminium producer, has signed a deal with Glencore and Duferco to produce 100 per cent green products. Under the agreement with Glencore, a 60-megawatt (MW) solar power plant and an aluminium recycling facility will be built. As per the reports, the total deal is valued...
LME aluminium opened at US$2,320 per tonne on Thursday, with its high and low at US$2,334.5 per tonne and US$2,284 per tonne, respectively, before closing at US$2,295.5 per tonne, a drop of US$25.5 per tonne or 1.1 per cent. On May 4, Thursday, the LME aluminium cash bid price anchored at US$2,296...
On Friday, May 5, A00 aluminium ingot price in China slumped by RMB 150 per tonne to settle at RMB 18,360 per tonne, with the average prices standing between RMB 18,340 per tonne and RMB 18,380 per tonne. The spot contract price is expected to be traded at a discount price of RMB 10 per tonne to a...
Bharat Aluminium Company Limited (BALCO), one of India’s most significant aluminium producers and a division of Vedanta Aluminium, has circulated a state-of-the-art technology known as T-Pulse Health, Safety, Security and Environment (HSSE) Monitoring System, which uses Artificial Intelligence (AI)...
Norsk Hydro announced the first quarter results of 2023 ended March 31, revealing a 4.11 per cent year-on-year rise in revenue from NOK 46,616 million to NOK 48,534 million, driven by the stable LME aluminium price starting the quarter at US$2,378 per tonne and ending at US$2,413 per tonne. But...
