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...
Grow with
AL Circle
LME aluminium moved all the way down to a low of US$2,325 per tonne after opening at US$2,372 per tonne on Wednesday, and closed the day at US$2,340.5 per tonne, a drop of US$34.5 per tonne or 1.45 per cent. On April 5, Wednesday, the LME aluminium cash bid price slumped by US$35 per tonne or 1.49...
On Thursday, April 6, China’s A00 aluminium ingot price has grown by RMB 20 per tonne to halt at RMB 18,610 per tonne. The spot contract price is 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 18,590 per tonne and RMB...
Aluminium Bahrain B.S.C. (Alba) has reached another milestone in its Industry 4.0 Transformational Journey by launching the Online Performance System (OPS) for its Power Stations. In order to improve Alba's asset reliability, the Online Monitoring System will offer a digital plant performance...
According to a report on April 5, the New Zealand Aluminium Smelter (NZAS) and Meridian Energy are likely to sign a new deal agreeing on flexible power demand from the smelter during grid stress or hydro shortage. The news came after Meridian submitted an application on Wednesday with the...
On Tuesday, April 4, both LME aluminium cash bid price and LME aluminium official settlement price contracted by US$39.5 per tonne or 1.65 per cent and US$39 per tonne or 1.63 per cent to settle at US$2,340.50 per tonne and US$2,341.50 per tonne. 3-month bid price and 3-month offer price dropped by...
On Tuesday, April 4, Samuel Abu Jinapor, Minister of Lands and Natural Resources of Ghana, revealed his anticipation that a comprehensive development of an integrated aluminium industry, with an estimated bauxite resource base of over 900 million tonnes, would create around 2 million sustainable...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrants, stood further down over the weekend by 22,000 tonnes as of Monday, April 3. Thus, SMM data showed the inventories totalled 1.066 million tonnes on...
The global aluminium value chain has witnessed the month with several activities. The impacts of the geopolitical crisis on the aluminium industry sustain as of now, and the energy price effect continues to challenge the industry. AlCircle’s latest industry-focused report, “Global Aluminium...
On Monday, April 3, Vedanta Limited, India’s leading multinational mining company, announced that its aluminium and high refined metal production reached record levels in the fiscal year of 2022-23 ended March 31. In a regulatory filing, the company said it produced the highest-ever amount of...
LME aluminium opened at US$2,415 per tonne on Monday, with its high and low at US$2,434 per tonne and US$2,385 per tonne respectively before closing at US$2,389 per tonne, a drop of US$28 per tonne or 1.16 per cent. On April 3, Monday, the LME aluminium cash bid price and the LME aluminium official...
The global mining and metal giant Rio Tinto has released its 2022 Taxes and Royalties Paid Report, showing that $10.8 billion was paid as taxes and royalties. This is the third-highest annual global taxes and royalties paid by Rio Tinto since it published its first Annual Taxes Paid report for...
LME aluminium opened at US$2,389 per tonne last Friday, with its high and low at US$2,420 per tonne and US$2,368.5 per tonne, respectively, before closing at US$2,417 per tonne, an increase of US$25 per tonne or 1.05 per cent. On Friday, March 31, both LME aluminium cash bid price and LME aluminium...
According to the Shanghai Metals Market survey, A00 aluminium ingot price has slipped by RMB 60 per tonne over the weekend ended April 3, 2023. Following the increase of RMB 90 per tonne to RMB 18,670 per tonne on March 31, the price has trended down to RMB 18,610 per tonne on April 3. The average...
According to the Shanghai Metals Market survey, China’s social inventories of aluminium billet plunged by 9,600 tonnes week-on-week to settle at 158,400 tonnes as of March 30. The inventories extended downfall at a higher rate this week compared to a drop of 1,500 tonnes in the week ended March 23...
In Russia & Eastern Europe, primary aluminium production during February 2023 stood at 310,000 tonnes, reflecting a month-on-month decrease of 9.88 per cent, according to the International Aluminium Institute. In January, the output was 344,000 tonnes, negligibly up from 343,000 tonnes in the...
At this moment, the primary sector is the most vulnerable area in the aluminium value chain, with the global energy crisis at its peak and the Russia-Ukraine crisis causing enough turfs in the economic conditions. Last week, there were reports of China facing a recurring energy shortage in the...
India’s top three aluminium players – NALCO, Hindalco, and Vedanta have elevated their aluminium ingot and aluminium products this week in tandem with the LME aluminium benchmark price hike. NALCO this week, with effect from Tuesday, March 28, lifted its aluminium ingot price by INR 5,600 per tonne...
Glencore, the Swiss multinational commodity trading house, has unloaded more than 100,000 tonnes of aluminium at the LME-registered warehouses in the South Korean port of Gwangyang, as reported by one of the world's largest news agencies. Several buyers and consumers in the transport, packaging and...
