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 London Metal Exchange (LME) for non-ferrous metal prices kept falling, as recorded on April 25, 2023. The three-month contract for aluminium futures fell 1.9 per cent to $2,335/t. To $2,600/t, zinc prices decreased by 2.6 per cent. Lead prices dropped 1.7 per cent to $2,106/t. The price of...
Alcoa Corporation, the world’s eighth largest producer of aluminium, announced the first quarter 2023 results, reporting steady revenue earning at $2,670 million compared to $2,663 million in the previous quarter, attributed to the 8 per cent increase in average-realized third-party alumina price...
LME aluminium opened at US$2,332 per tonne on Thursday and closed at US$2,326 per tonne, down 0.21 per cent. Growing concerns around inflation in the West have simultaneously raised brows in the trade sector, with LME maintaining a below US$2,500 per tonne mark and the Chinese inventories on a...
On Friday, April 28, China’s A00 aluminium ingot price has slipped by RMB 90 per tonne to stand at RMB 18,480 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 per tonne and a premium price of RMB 10 per tonne. The average prices are expected to range...
Anna-Michelle Asimakopoulou, the vice-chair of the European Parliament's International Trade Committee (INTA), pointed out that removing aluminium from the EU's list of strategic raw resources by the European Commission is highly unacceptable. Strategic raw materials like solar panels, electric...
The aluminium production in China for the rest of the months of 2023 might need to be clarified. Although, when compared to the same month last year, China's primary aluminium output escalated by 3 per cent in March. The growth was more sedated than in earlier months. However, this did provide some...
According to the Shanghai Metals Market, China’s A00 aluminium ingot price has slumped by RMB 180 per tonne on Thursday, April 27, to stand at RMB 18,570 per tonne, marking a downtrend for almost a week. Hence, on a week-on-week calculation, the price is down by RMB 570 per tonne or 2.83 per cent...
LME aluminium opened at US$2,332 per tonne on Wednesday and closed at US$2,331 per tonne, down 0.04 per cent. On Wednesday, April 26, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$27 per tonne or 1.16 per cent and US$26.5 per tonne or 1.14 per cent to...
According to the International Aluminium Institute, Africa’s primary aluminium production during the first quarter of 2023 ended March 31, stood at 392,000 tonnes, down by 3.21 per cent or 13,000 tonnes from 405,000 tonnes during Q4 2022. On a year-on-year basis, the output edged a drop of 1.26 per...
On Wednesday, April 26, China’s A00 aluminium ingot price has fallen by RMB 80 per tonne to halt at RMB 18,750 per tonne, with the spot contract price expected to be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The average prices are expected to orbit between RMB...
Three-month LME aluminium opened at US$2,381 per tonne on Tuesday and closed at US$2,331 per tonne, down 2.1 per cent. On Tuesday, April 25, the LME aluminium cash bid price plunged by US$42 per tonne to US$2,312 per tonne, and LME aluminium official settlement price declined by US$41.50 per tonne...
According to the US Census Bureau data, domestic primary aluminium production in February 2023 was 59,000 tonnes, reflecting a decline of 5,000 tonnes or 7.81 per cent month-on-month. In January, the US primary aluminium output was 64,000 tonnes, muted from the previous month. On a year-on-year...
According to a report published on Monday, April 24, South32, a leading mining and metals company headquartered in Perth, is close to meeting production guidance across most of its operations for the financial year to end June 30, 2023. However, the company’s share price dropped nearly 6 per cent...
According to the Shanghai Metals Market data, A00 aluminium ingot price has fallen for the third day despite sluggish primary aluminium inventories across China. Then what could be the reason behind the price fall? Well, weaker metal consumption by downstream producers could be a factor for the...
LME aluminium fell after opening at US$2,399 per tonne on Monday but rebounded towards the end of the day and closed at US$2,385 per tonne, a drop of 0.73 per cent. On Monday, April 24, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$34 per tonne or 1.42...
According to the International Aluminium Institute, the world's primary aluminium production in March 2023 stood at 5.772 miilion tonnes, bringing the total output in the first quarter to 16.895 million tonnes. The monthly production in March increased by 9.63 per cent from 5.265 million tonnes in...
Oetinger Aluminium GmbH, a leading producer and supplier of casting alloy ingots, has obtained ASI Chain of Custody (CoC) Standard V2 (2022) Certification for the Weißenhorn and Neu-Ulm production sites in Germany. Oetinger, thus, represents the first entity in Europe to have received the updated...
The manufacturing sector can increase productivity, optimize operations and reduce customer complaints by automating tasks. Artificial intelligence, machine learning, and process automation combined with intelligent automation (IA) can reduce labour costs and optimize production. A consistent theme...
