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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Following the Vedanta Limited demerger on May 1, 2026 , the company has drawn up expansion plans across its major business segments, such as aluminium, energy, oil and gas. Anil Agarwal, Chairman, in a letter to shareholders, stated that Vedanta’s business verticals are being developed to achieve...
Indonesia’s unwrought aluminium exports rose to their highest level in 28 months in March 2026, rising by over 100 per cent month-on-month, amounting to 88,554 tons against February’s 33,490 tons, based on data by Statistics Indonesia and Trade Data Monitor. This surge is attributed to the...
Momentum in the London Metal Exchange (LME) aluminium prices heightened at the close of the May 5 session. The rising trend from May 1 continued with consistency, while stocks kept edging downwards. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina...
During China's Labour Day holiday (May 1–5), SHFE aluminium was closed. LME aluminium fluctuated upward. As of 16:00 on May 5, LME aluminium opened at USD 3,508.5 per tonne, reaching a high of USD 3,535 per tonne, a low of USD 3,492 per tonne, and closing at USD 3,528.5 per tonne, up 0.87 per cent...
Amidst the soaring aluminium prices due to the Middle East supply disruption, the smelters in Australia are now bringing their previously closed operations back into form with the aim of gaining a better profit margin. Owing to this strategy, aluminium players like Alcoa and Rio Tinto are also...
The Federal Government of Canada has sanctioned financial aid worth USD 1.5 billion to support companies affected by the recent US tariffs imposed on aluminium, steel and copper products, effective from April 6. Commenting on the funding, Mélanie Joly, the Minister of Industry and Minister...
Egypt Aluminum Company reported a 6 per cent year-on-year increase in net profit after tax for the first nine months of fiscal year 2025-26, according to its unaudited financial results filed with the Egyptian Exchange on May 3. To know the long-term bauxite market forecast, book our report: “...
As of May 1, 2026, Vedanta's intricate demerger has been completed, leading to the separation of its varied operations into five unique business units. As a part of the next step, the firm will establish four new entities, including Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil & Gas, and...
Various sources, during the week leading to Thursday, April 16, told Fastmarkets that China's Tsingshan Holding Group was under discussion with potential partners about the possibility of constructing a new aluminium smelter in North Maluku, Indonesia. Currently, Indonesia is emerging as a major...
Vedanta Aluminium has regarded the Government of Odisha’s issued penalty notice worth INR 2.33 billion (USD 24.55 million) regarding the alleged illegal extraction of water from the Bheden river system, Jharsuguda, as a claim based on "incorrect assumptions". Explore: The most comprehensive and...
Exports from the Gulf region, a key supplier of primary aluminium, billet, and other alloys to Europe, have been severely limited as the conflict has effectively brought most shipping activity through the Strait of Hormuz to a standstill. Aluminium billet, which is a semi-finished product, saw a...
According to SMM statistics, China’s primary aluminium output in April 2026 (30 days) rose by 1.7 per cent year-on-year and fell by 2.9 per cent month-on-month. As the traditional peak consumption season continues, demand from downstream sectors including aluminium sheet, strip & foil and aluminium...
Rio Tinto-owned Tiwai Point Aluminium Smelter hangs in the balance as union members in the company have decided to go on strike. In a workforce of 670 members, 186 or almost 28 per cent of the smelter’s staff are part of the E tū Union, who have action planned at various intervals for the upcoming...
May 2026 opened with an improvement in the London Metal Exchange (LME) aluminium prices , following a dip on the April 30 close. The continued tensions between the US and Iran, stirring up the Middle East conflict, are reshaping market trends. As Iran declared on April 30 to retaliate with "long...
A fire outbreak damaged part of an aluminium company facility in Ibadan, Oyo State, while another incident affected a residential property in Ogbomoso earlier in the week. The fire at the industrial site happened around the Iyaganku area of Ibadan, where an office building and an attached warehouse...
Vedanta Aluminium has been asked to pay INR 233.11 crore (USD 24.5 million) for alleged unauthorised extraction of water from the Bheden River in Jharsuguda, Odisha. The amount includes outstanding dues along with penalties and interest, and the company has been given one month to clear the...
SMM April 30: Macro perspective: Internationally, on April 26, Iranian Islamic Parliament Vice Speaker Nikzad stated that Iran's Supreme Leader Mojtaba Khamenei had issued a clear order that the Strait of Hormuz must not return to its pre-war status. The US Fed maintained interest rates unchanged...
An increase of 21.6 per cent in the aluminium price this year has been observed by the World Bank, in comparison to the previous year. The observation comes after the industry is currently grappling with tight supply, low inventory and a strong demand coming from the emerging industries. The...
