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...
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Rio Tinto increased its aluminium premium offer to Japanese buyers to USD 350 per tonne for primary aluminium shipments for April to June (second quarter of the calendar year). This is 79 per cent higher than the current quarter. The increase reflects concerns about the conflict in the Middle East,...
Owing to the rising geopolitical tension, leading to the temporary closure of the Strait of Hormuz, halting Middle East shipments, tightening supplies in Europe and the US, Mercuria, a commodity trader, is planning to pull out a large volume of aluminium from the London Metal Exchange (LME)...
Futures: The night session on March 11 closed at RMB 25,315 per tonne, up 0.68 per cent, extending its strength. Prices held above all moving averages, with MA5 (25,015) and MA10 (24,689) in a bullish alignment, keeping the medium-term uptrend intact. The MACD indicator showed DIF (349.81) and DEA...
LME aluminium prices moved higher on March 11 compared with March 10, while exchange inventories recorded a slight decline. On March 11, the LME aluminium cash bid price stood at USD 3,465 per tonne, up from USD 3,402 per tonne on March 10, marking an increase of USD 63 or 1.85 per cent. The cash...
The ongoing Middle East conflict has led to 40 per cent of London Metal Exchange (LME) aluminium inventories being cancelled or marked for delivery. Several industry sources stated that the cancellations are linked to supply disruptions caused by the closure of the Strait of Hormuz. Explore- Most...
The Middle East’s rise as a global aluminium powerhouse has largely been driven by the Gulf Cooperation Council (GCC). Large, energy-efficient smelters across the region have enabled steady production growth and helped the Middle East secure a stronger foothold in the global aluminium market....
The Middle East conflict involving the US-Israel and Iran is to disrupt global trade flows and hamper India’s energy security and supply chains, according to the government body of Associated Chambers of Commerce and Industry of India (ASSOCHAM). Closure of the maritime corridor of the Strait of...
China Hongqiao Group, one of the world’s largest aluminium producers, has seen its market value rise significantly since 2019. The company’s shares have surged by about 585 per cent since Zhang took control of the business that year. The company supplies aluminium to several major Chinese...
On March 10, the London Metal Exchange (LME) aluminium price, amidst the ongoing geopolitical tension and the temporary closure of the Strait of Hormuz trade route, experienced a significant change, especially on the inventory side. Moreover, there is a mixed signal in the futures aluminium prices,...
Futures: Overnight, the most-traded 2604 aluminium alloy contract closed at RMB 23,645 per tonne, down RMB 25 from the previous trading day’s settlement price, a decline of 0.11 per cent. The high was RMB 23,705 per tonne, and the low was RMB 23,310 per tonne, with a fluctuation of RMB 395. The...
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter on one site, announced the promotion of Shoji Takeuchi to Manager Sales - Asia Pacific, as part of its ongoing efforts to strengthen its presence in high‑growth markets. For the global aluminium value-chain 2026 outlook, book...
The London Metal Exchange (LME) continues to record the escalation of aluminium prices owing to the ongoing geopolitical tensions between US-Israel and Iran. The temporary closure of the global trade passage, viz., the Strait of Hormuz, has brought about massive trade disruption in the global...
Futures: The most-traded SHFE aluminium 2604 contract closed at RMB 24,850, still well above long-term moving averages such as MA30 (24,251.09) and MA60 (23,585.42), indicating that the medium- and long-term uptrend has not yet reversed. However, in the MACD indicator, although the DIF line...
By the close of Friday's daytime trading session, the most-traded May nickel futures contract had fallen by 3.1 per cent from a week earlier to RMB 137,140 per tonne (USD 19,883 per tonne), the most-traded April copper contract declined by 2.8 per cent on the week to RMB 101,050 per tonne. In...
Futures: Last Friday, the most-traded SHFE aluminium contract closed at RMB 25,180 per tonne, surging 2.55 per cent. The price strongly broke above all moving-average systems, with MA5 (24,682), MA10 (24,302.5), and MA20 (23,935.5) forming a standard bullish alignment, confirming a clear...
Aluminium prices on the London Metal Exchange (LME) continued to climb amid rising geopolitical uncertainty linked to the US-Israel conflict with Iran and the disruption of shipping activity through the Strait of Hormuz, a key global trade corridor. The conflict has raised concerns over potential...
Copper and aluminium have long competed across a wide range of industrial applications. In many sector, these two metals can be used alternatively because of their few common traits like durability, conductivity, ductility, and corrosion-resistance. But at this moment, there is one factor that is...
On March 6, 2026, the globally renowned producer of integrated aluminium, Press Metal Aluminium Holdings Bhd was identified as one of the top picks in Malaysia’s basic materials sector by RHB Investment Bank Bhd. The research house continues to maintain an “overweight” rating on the sector...
