Indiana has emerged as an unlikely flashpoint in the latest round of US-Canada trade friction, after Washington's now-collapsed negotiations with Ottawa briefly put a proposed cut to aluminium tariffs on the table, one that industry advocates say would have hit the state's fabrication workforce...
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
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Odisha Chief Minister Mohan Charan Majhi on Wednesday held discussions with Anil Agarwal regarding the progress of Vedanta Group’s proposed projects in the state, which together involve investments of more than INR 100,000 million (USD 10,400 million). The meeting reviewed several key projects...
Futures: SHFE aluminium's most-traded contract opened at RMB 24,350 per tonne during the night session on May 27, with the highest price at RMB 24,405 per tonne, the lowest price at RMB 24,205 per tonne, and finally closed at RMB 24,275 per tonne, down 0.86 per cent from the previous close. The...
LME aluminium prices eased on May 27 compared to the previous session, while December 2027 contracts moved higher and cancelled warrants increased sharply. The LME aluminium cash bid price stood at USD 3,737.5 per tonne on May 27, down 0.55 per cent from USD 3,758 per tonne on May 26. The cash...
Shares of Alcoa gained sharply after aluminium prices on the London Metal Exchange (LME) climbed to their highest level in four years, supported by concerns over possible production cuts in China and continued disruptions in the Middle East. Alcoa shares closed at USD 71.38 on May 22 before...
Western governments are investing billions of dollars into critical minerals and strategic metals as they try to reduce dependence on China, but industry leaders are warning that the push could recreate the kind of commodity oversupply crises that once flooded global aluminium and other markets....
Aluminium prices rose higher this Monday, owing to the stronger overseas markets and improved confidence among traders in industrial metals all over again. The broader mood across commodity markets remained positive, helped by expectations of stable demand and easing global uncertainties. At MCX,...
Shares of Hindalco Industries Limited and National Aluminium Company Limited (NALCO) rose up to 5 per cent on Wednesday after global aluminium prices climbed to their highest level in nearly four years. Shares of Hindalco Industries gained 4.32 per cent to INR 1,151.50 on the NSE at around 10:30...
The London Metal Exchange (LME) aluminium prices moved higher on the May 26 session compared to May 22 after the market remained closed on May 25 due to a holiday. Cash prices, 3-month contracts and longer-dated contracts all recorded gains during the session, while aluminium stocks largely...
Futures: SHFE aluminium closed at RMB 24,560 per tonne in the night session on May 26, down 0.04 per cent from the previous close. The price rebounded to near above MA5 (24,515.39), running near MA10 (24,497.17) and MA20 (24,524.02), still below MA40 (24,598.36) and MA60 (24,633.48). The moving...
Vietnam is set to begin operations at its first aluminium electrolysis plant during the second quarter of 2026, according to project officials in Lam Dong province. The project, developed by Tran Hong Quan Metallurgical Co., is located at the Nhan Co Industrial Park and is expected to initially...
Kazakhstan: The chain that works, and plans to grow Kazakhstan's aluminium industry is essentially the story of one company in one city. Eurasian Resources Group, in which the Kazakhstani government holds a 40 per cent stake, operates an integrated cluster in Pavlodar that spans from mine to...
Vedanta Limited delivered its strongest-ever financial performance in FY26, propelled by record earnings across its core businesses, particularly the segments of Aluminium, Oil & Gas and Power. Higher commodity and LME aluminium prices , operational optimisation, production ramp-ups and robust...
The London Metal Exchange (LME) aluminium prices eased on the May 22 session after shooting up on the May 21 session . The cash price, however, remained above USD 3,700 per tonne. Longer dated contracts continued to rise, and stocks did not record further decline. The LME aluminium cash bid eased...
The global aluminium industry is entering a phase where the biggest concern is no longer just building more smelters or expanding downstream demand. Across Asia, Europe, the Middle East and the Americas, the focus is increasingly shifting toward securing stable supplies of bauxite and alumina as...
According to SMM statistics, as of May 21, aluminium billet inventory across major consumption regions in China totalled 205,500 tonnes, down 28,500 tonnes W-o-W (Thursday), with destocking accelerating. Warehouse withdrawals totalled 55,700 tonnes during May 12-18, an increase of 14,200 tonnes...
Alcoa received an upgraded stock rating from UBS, which raised its recommendation to “Buy” from “Neutral” and increased its price target to USD 80 from USD 75. The upgrade comes after a strong rally in aluminium markets, with Alcoa shares rising around 139 per cent over the past year. UBS analyst...
Century Aluminum Company has returned to investor’s focus after its recent quarterly results showed how falling aluminium prices and high power costs are affecting profitability. The company is also continuing to spend on expansion and low-carbon projects, adding pressure to near-term earnings. The...
As the Middle East conflict continues with full force, the Strait of Hormuz remains blocked, and 9 per cent of aluminium production and supply from the Gulf Cooperation Council (GCC) hangs by the thread of uncertainty. Compounded by the damages caused by the geopolitical unrest, GCC completes...
