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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ICICI Securities has reiterated its Hold rating on National Aluminium Company (NALCO), assigning a target price of INR 246 (approximately USD 3) per share. This review followed NALCO’s strong financial performance in Q2 FY2026, with EBITDA gaining 29 per cent to INR 19.2 billion (USD 230 million...
On November 11, LME aluminium prices recorded minor declines across key contracts compared to November 10. The cash bid price stood at USD 2,840 per tonne, down 0.94 per cent from USD 2,867 per tonne a day earlier, while the cash offer slipped 0.92 per cent to USD 2,841 per tonne, compared with USD...
On the evening of November 10, 2025, Aluminium buyers in the US physical market witnessed history unfold as the Midwest Premium surged to an all-time high of USD 1,950.15 per tonne , striking a sharp growth of 2.87 per cent overnight from USD 1,895.72 per tonne. The Midwest Premium, a surcharge on...
Indian aluminium producer Hindalco Industries Limited has released its Q2 FY26 performance for the period ending September 30, 2025. With the rising demand for aluminium within the country, the firm is enhancing production capabilities and is also pushing towards green initiatives via renewable...
The week opened with the London Metal Exchange (LME) aluminium prices moving upward and the inventories contracting. The LME cash bid rose by USD 27 per tonne or 0.95 per cent to finally settle at USD 2,867 per tonne, up from USD 2,840 per tonne. Concurrently, the LME cash bid rose by USD 26.5 per...
Chinalco Southwest Aluminium has reportedly entered into a business contract with SMS group to secure a new 1+4 aluminium hot-strip mill. The new facility will be installed at a plant currently under construction near the company’s existing operations in Xipeng, China. Explore- Most accurate data...
NALCO has had a strong FY 2025–26 so far. In the quarter ending September 2025, the company’s net profit shot up by 35 per cent, reaching INR 1,433 crore (USD 161.5 million), compared to INR 1,062 crore (USD 119.7 million) during the same quarter last year. Image for representational purpose Total...
Aluminium prices moved lower on the London Metal Exchange (LME) on Thursday, November 7, reaching a two-week low as weakness in global equities weighed on sentiment across base metals. The decline came even as prospects for demand in China, the world’s biggest producer, continued to look firm....
LME aluminium prices edged lower on November 7 across spot, 3-month and December contracts, while stocks and live warrants posted marginal increases day-on-day. The LME aluminium cash bid price slipped to USD 2,840 per tonne on November 7 from USD 2,861 per tonne on November 6 — a decline of 0.73...
Brazil has yet to tap its full aluminium potential, and the country must look beyond the domestic market and re-enter global trade, according to Luciano Alves, CEO of aluminium producer Companhia Brasileira de Alumínio (CBA). He said Brazil could lift production and expand its industrial footprint...
SHFE aluminium fluctuated in the morning session, hovering around RMB 21,570 per tonne. In East China, high absolute prices dampened end-users' buying sentiment, with sporadic transactions concluded at a small discount to the SMM average price. However, as the price spread between futures contracts...
A year’s gap and the performance of Century Aluminum, the US-based leading primary aluminium producer, has gone opposite ways. Though the aluminium manufacturer is still in the safe zone in terms of financials, the shipments and sales figures tell an altogether different tale. Image source:...
Ukraine’s State Property Fund is again selling a 97.5458 per cent stake in the Zaporizhzhia Aluminum Plant (ZAlK), which is 100 per cent state-owned. The auction is scheduled to start at UAH 75.93 million (excluding VAT; USD 1.81 million). The plant is located in the city of Zaporizhzhia, near the...
Commodity trader Trafigura has delivered significant amounts of aluminium to London Metal Exchange (LME)-approved warehouses in Malaysia, reportedly to take advantage of a financial arrangement, according to sources familiar with the matter. Surge in the aluminium stocks Aluminium inventories in...
On Thursday, November 6, the London Metal Exchange (LME) aluminium price rose after a sharp decline the previous close. However, the LME aluminium 3-month Asian Reference Price continued to show a declining trend. Both the LME cash bid and offer contracts rose by USD 23 per tonne or 0.81 per cent,...
Hindalco Industries Ltd, the flagship metals company of the Aditya Birla Group, is facing twin challenges this quarter. Its US-based subsidiary, Novelis Inc ., reported weaker-than-expected earnings, prompting several brokerage downgrades. At the same time, the company has rolled out a 100-day...
Macro front, internationally, mid-week this Wednesday, US Supreme Court justices expressed significant doubts about former President Trump's authority to unilaterally impose comprehensive tariffs, questioning whether Trump could bypass Congress to initiate trade conflicts. However, government...
The start of the week reflected an enhanced London Metal Exchange (LME) aluminium price, but the following represented a dip in the LME, where cash, 3-month contract and forward contract dipped significantly. Both the LME cash bid and offer fell by USD 14.5 per tonne or 0.5 per cent, down from USD...
