The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 2 Impact #5 of ad hoc industrial policy: Failing to use all required tools Industrial policy is often caricatured as just tariffs and subsidies. Mis-framed debates that evaluate the merits of tariffs in...
Grow with
AL Circle
On March 18, the regional conflict had entered its third week, with its impact extending beyond market sentiment to materially disrupt primary aluminium smelting in several Middle Eastern countries, the report noted. For instance, on March 12, Qatalum, the 50/50 joint venture between Norsk Hydro...
Alcoa, a global industry leader in bauxite mining, alumina refining and aluminium manufacturing, witnessed an 11 per cent fall in its early trading on Thursday. However, on the London Metal Exchange (LME), the aluminium futures dropped the largest since 2018. The decline is mainly owed to the...
Aluminium Bahrain (Alba) is exporting aluminium through Jeddah, as the Strait of Hormuz remains closed. CEO Ali Al Baqali said the company is sending 40–60 per cent of its exports through Saudi Arabia. The route involves land transport of about 1,400 km (870 miles) to Jeddah. He said this adds land...
Futures: In the night session on March 19, the SHFE aluminium 2605 contract opened at RMB 23,100 per tonne, hit an intraday high of RMB 24,020 per tonne and a low of RMB 23,100 per tonne, and finally closed at RMB 23,930 per tonne, down RMB 250 per tonne from the previous close, a decline of 1.03...
As we are aware that the current geopolitical tension has created a temporary halt to the passage of goods through the Strait of Hormuz, the London Metal Exchange (LME) aluminium price soared to an all-time high. However, now the market is slowly but steadily witnessing a return to the range it was...
Australia is negotiating a complex support package to keep the Tomago Aluminium smelter active. The push could lock taxpayers for up to a decade into annual subsidies of a minimum of USD 300 million. Owing to rising energy costs and a lack of affordable long-term renewable power, Australia’s...
Aluminium inventories in China have climbed above 1.3 million tonnes, reaching their highest level since 2020 as weak domestic demand coincides with tightening global supply linked to escalating tensions in the Middle East. Explore- Most accurate data to drive business decisions with Global...
Futures: In the night session on March 18, the SHFE aluminium 2605 contract opened at RMB 24,800 per tonne, hit an intraday high of RMB 24,880 per tonne and a low of RMB 24,575 per tonne, and finally closed at RMB 24,835 per tonne, up RMB 35 per tonne from the previous close, or 0.14 per cent....
Due to some recent changes in the United States’ tariffs, Alvance British Aluminium, one of the world’s greenest metal production plants, announced a 10 per cent production boost. The smelter is located in Fort William and exports nearly half of its output to the US after the tariffs were put in...
LME aluminium prices moved lower on March 18 compared to March 17 across both cash and forward contracts, while exchange inventories also declined. The cash bid price fell to USD 3,399.5 per tonne on March 18 from USD 3,425 per tonne on March 17, marking a 0.74 per cent decrease. The cash offer...
Commerzbank said China’s aluminium output has increased by about 3 per cent compared to last year. Production is now above the government’s annual cap. Higher aluminium prices and changes in alumina supply have supported this rise. Analyst Volkmar Baur said production is expected to stay above 3.75...
Century Aluminum Company (CENX) is seeing support from strong demand for aluminium. Demand is linked to industrial activity and use in key sectors. Prices are influenced by the London Metal Exchange and regional premiums, which remain firm. The company operates smelters in the United States and...
Emirates Global Aluminium (EGA) will reroute its aluminium exports and raw material imports through Oman’s Sohar port in the coming days, as the US-Israel conflict with Iran continues to disrupt traffic through the Strait of Hormuz, according to Reuters. The conflict has forced companies across the...
Futures: During the night session on March 17, the SHFE aluminium 2605 contract opened at RMB 25,060 per tonne, hit a high of RMB 25,110 per tonne and a low of RMB 24,745 per tonne, and finally closed at RMB 24,915 per tonne, down RMB 75 per tonne from the previous close, or 0.30per cent. Technical...
For deliveries scheduled during the April-June quarter, Japanese aluminium buyers agreed to the payment of a USD 350 per tonne premium, which buyers will pay in addition to the current base price on the London Metal Exchange. At the end of February, global aluminium producers had suggested a...
After a disruption in the LME closing prices for March 16 which resulted in producing the figures using LME’s standard waterfall procedures, March 17 saw the London Metal Exchange (LME) aluminium prices continue to slip. The declining trend began on March 16 after the aluminium prices surpassed USD...
Hindalco Industries Limited expects its aluminium exports to rise in the coming months as geopolitical tensions in the Middle East, resulting in the closure of the Strait of Hormuz, disrupt regional supply. Managing Director Satish Pai said that the company plans to increase shipments to Japan,...
Tensions in the Middle-East are shaking up aluminium supply chains, especially through the Strait of Hormuz. That choke point exposes cracks in the region's grip on global primary aluminium production, from giants like UAE's Emirates Global Aluminium, Bahrain's Alba, and Qatar's Qatalum. It's a...
