Fire crews responded to a molten aluminium spill at Bridgnorth Aluminium on September 14 afternoon after the incident caused several small fires at the facility. Crews from Bridgnorth and Much Wenlock arrived shortly before 4 pm on September 14. The incident was recorded as a building fire, and...
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...
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A00 aluminium ingot price has augmented by RMB 60 per tonne, officially closing at RMB 18,500 per tonne, as the Shanghai Metals Market recorded on April 13, Thursday. The average prices are expected to range between RMB 18,480 per tonne and RMB 18,520 per tonne, with spot contracts trading at...
LME aluminium opened at US$2,306.5 per tonne on Wednesday, with its high and low at US$2,333 per tonne and US$2,290.5 per tonne, respectively, before closing at US$2,324 per tonne, an increase of US$21 per tonne or 0.91 per cent. On Wednesday, April 12, both LME aluminium cash bid price and LME...
According to the Shanghai Metals Market, social inventories of primary aluminium in China across eight major consumption areas dropped 32,000 tonnes at the beginning of the week on April 10, 2023. Thus, according to SMM, the inventories totalled 1.006 million tonnes. On a week-on-week basis, the...
LME aluminium prices opened at US$2,337.5 per tonne with the highest point of US$2,344 per tonne and the lowest point of US$2,296 per tonne and finally closed at US$2,303 per tonne, a decrease of US$37 per tonne or 1.58 per cent from the previous trading day. On April 11, Tuesday, the LME aluminium...
A Malaysian financial company providing investment management services, Kenanga Investment Bank Bhd, reasserted its “neutral” stand on the carbon emissions tax levied upon the seaports and logistical sectors. The bank claims that the EU’s Carbon Border Adjustment Mechanism (CBAM) can negatively...
A00 aluminium ingot price has plummeted by RMB 240 per tonne, officially closing at RMB 18,380 per tonne, as the Shanghai Metals Market recorded on April 11, Tuesday. The average prices are expected to range between RMB 18,360 per tonne and RMB 18,400 per tonne, with spot contracts trading at a...
On Tuesday, April 11, the SHFE aluminium benchmark price contracted by US$37 per tonne or 1.36 per cent to halt at US$2,678 per tonne. SHFE 2305 aluminium closed down RMB 25 per tonne or 0.13 per cent at RMB 18,615 per tonne. The open interest dipped from 1,968 lots to 201,697 lots. At Monday’s...
According to a recent report, Egypt Aluminium, popularly known as Egyptalum, has set a target for the fiscal year 2023-24, which includes a plan to achieve EGP 3.12 billion in net profit after tax. This marks an increase of 3.31 per cent from the previous year’s target of 3.02 billion. Egyptalum...
On Monday, April 10, China’s A00 aluminium ingot price opened the week with a drop of RMB 50 per tonne to halt at RMB 18,620 per tonne, with the spot contract price expected to be traded at a discount price of RMB 50 to RMB 10 per tonne. The average prices are expected to range between RMB 18,600...
On April 10, today, the SHFE aluminium benchmark price has clocked at US$2,715 per tonne, with a slight escalation of US$3 per tonne or 0.11 per cent. The SHFE aluminium price has been hovering around the average price of US$2,708.80 throughout the first week of April, with traits of remaining...
The New Zealand Aluminium Smelter (NZAS) and Meridian Energy are expected to sign a new agreement specifying flexible power demand from the smelter amid grid stress or hydro scarcity, according to a report on April 5. On Thursday, April 6, both LME aluminium cash bid price and LME aluminium...
Samuel Abu Jinapor, the Minister for Lands and Natural Resources of Ghana, has invited the investor community to fund Ghana’s integrated aluminium industry. He has appealed to the investor community to consider Ghana’s stable democracy, steady economy, and resilient democratic institutions for...
Press Metal Aluminium Holdings Bhd (Press Metal) has received an export order of aluminium ingots priced at RM110 million from Hong Kong's Daching Enterprises Ltd (Daching). The company has forged a five-year contract ensuring a similar export deal worth RM670 million with the latter. In a press...
According to the officials familiar with the government of India's decision-making team, it has been informed to us that in response to the EU's proposed carbon tax, which might disrupt over $8 billion worth of Indian metal exports to the EU, India is considering slapping retaliatory tariffs on...
LME aluminium opened at US$2,342 per tonne on Thursday, with its high and low at US$2,367 per tonne and US$2,327 per tonne, respectively, before closing at US$2,340 per tonne, a drop of US$0.5 per tonne or 0.02 per cent. On Thursday, April 6, both LME aluminium cash bid price and LME aluminium...
A00 aluminium ingot price has grown by RMB 60 per tonne, officially closing at RMB 18,670 per tonne, as the Shanghai Metals Market recorded on April 7, Friday. The average prices are expected to range between RMB 18,650 per tonne and RMB 18,690 per tonne, with spot contracts trading at discount...
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 is normally suitable for alloyed aluminium. As per the data, on Thursday, April 6, the...
In the first two months of 2023, North America produced 613,000 tonnes of primary aluminium, of which 321,000 tonnes was produced in January and 292,000 tonnes in February, found the International Aluminium Institute. The data indicates the output in February fell by 9.03 per cent month-on-month....
