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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On Friday, April 21, three-month LME aluminium opened at US$2,422 per tonne last Friday and closed at US$2,402 per tonne, a drop of 0.85 per cent. On the same day, the LME aluminium cash bid price and LME aluminium official settlement price shrank by US$21.50 per tonne or 0.89 per cent. That marked...
On Monday, April 24, China’s A00 aluminium ingot price has dropped by RMB 130 per tonne to score at RMB 18,900 per tonne, with the spot contract price expected to be traded at a discount price of RMB 10 to a premium price of RMB 30 per tonne. The average prices are expected to range between RMB...
The International Aluminium Institute (IAI)'s most recent monthly assessment shows that during the first three months of 2023, the world's primary aluminium production increased by 2.0 per cent y-o-y to 16.9 million tonnes. Restarts and reductions in aluminium production outside of China mainly...
Major trading companies, domestic consumers, and overseas producers of aluminium ingots have agreed on a price of $130, up 53 per cent ($45) from the previous quarter, for aluminium premiums to Japan for the April–June 2023 period. The premium has reached triple digits for the first time in three...
Workers organised in Industri Energi and FLT at Hydro Karmøy and Hydro Årdal had gone on strike after the collapse of mediation between NHO, YS, and LO. Alcoa Corporation, the world's eighth-largest aluminium manufacturer, said falling metal-making material prices would eventually reduce production...
This week, during April 17-21, all three Indian aluminium giants – NALCO, Hindalco, and Vedanta have elevated their aluminium ingot and aluminium products prices. Starting with NALCO, the company hiked its aluminium prices by INR 10,100 per tonne since April 7. In two-week time, its aluminium ingot...
LME aluminium opened at US$2,445 per tonne on Thursday and closed at US$2,422 per tonne, down US$23 per tonne or 1.12 per cent. On Thursday, April 20, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$28 per tonne or 1.17 per cent to settle at US$2,409.50 per...
A billet is one of the most widely used aluminium product forms globally. Billets are created directly through continuous casting or extrusion or indirectly through hot rolling an ingot or bloom. The billet usually is suitable for alloyed aluminium. As per the data, on Thursday, April 20, the...
Alcoa Corporation, the world’s eighth-largest producer of aluminium, said lower prices of ingredients they use for metal-making would eventually reduce the production costs in the second quarter of 2023, while aluminium demand would stay robust. Favourable raw materials, substantial output volume,...
Here we ring the last bell to the “Global Aluminium Expo 2023” as we reach the final day. Thank you for your generous participation in the first two days, but before we bid adieu to each other, let’s celebrate the last day together. One more time, let us reunite, share knowledge, and build new...
On 14 April 2023, nonferrous metals prices on the London Metal Exchange (LME) displayed a downward trend. The three-month aluminium futures contract fell 0.8 per cent to $2,367 per tonne, while zinc prices fell 0.7 per cent to $2,837 per tonne. Lead prices fell by 1.1 per cent to $2,146 per tonne....
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has reportedly achieved a new milestone in Reduction Line 6 as its production capacity increased from 540,000 tonnes per annum to 560,000 tonnes per annum, with current consumption grown from 460 kA to 478 kA. This...
Three-month LME aluminium opened at US$2,436 per tonne on Wednesday and closed at US$2,450 per tonne, up US$10.5 per tonne or 0.43 per cent. On Wednesday, April 19, the LME aluminium cash bid price decreased by US$18.50 per tonne to stand at US$2,381.50 per tonne, while the LME aluminium official...
On Thursday, April 20, China’s A00 aluminium ingot price spiked up by RMB 80 per tonne to halt at RMB 19,110 per tonne, with the spot contract price expected to be traded at a premium price of RMB 10 to RMB 50 per tonne. The average price is expected to range between RMB 19,090 per tonne and RMB...
Welcome to Day 2 of AlCircle's "Global Aluminium Expo 2023". After a successful start on April 18, the second day of the event is assured to be more impactful and memorable, with eminent speakers sharing their thoughts and opinions. Today, you will hear from Sayan Dey, Sr. Officer - Business...
According to the Shanghai Metals Market (SMM), China's domestic A00 aluminium ingot price has skyrocketed by RMB 170 per tonne to exceed RMB 19,000 per tonne after over two months. From RMB 18,860 per tonne on April 18 , the price leapt to RMB 19,030 per tonne on April 19, close to the price on...
LME aluminium opened at US$2,377 per tonne on Tuesday and closed at US$2,439.5 per tonne, up US$26.5 per tonne or 2.82 per cent. On Tuesday, April 18, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$36.5 per tonne or 1.54 per cent to settle at US$2,400 per...
The continued success of our flagship e-Magazine, "Aluminium LeaderSpeak", has inspired us to publish the fifth edition of it, which in all the e-magazines is the fifteenth edition. " Aluminium LeaderSpeak 2023 " is a well-known platform to enable industry leaders to express thoughts and...
